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Adani Energy Solutions reports 79 percent increase in fourth quarter profit
Adani Energy Solutions has reported a remarkable 79% increase in profit for the fourth quarter. This significant growth highlights the company's strong performance and resilience in the energy sector. The results reflect a positive trajectory for Adani Energy Solutions moving forward.
stock market plummets amid concerns over human metapneumovirus outbreak in india
India's stock market faced a significant downturn, with the Sensex plummeting over 1,200 points and the Nifty dropping 1.4%, following the confirmation of two Human Metapneumovirus (HMPV) cases in Karnataka. The sell-off affected various sectors, including PSU banks and real estate, as investors reacted to the ongoing virus outbreak in China. Despite government reassurances about monitoring the situation, fears of further impacts on the economy led to increased volatility, with the India VIX rising by 13%.
stocks rebound as pharma and infrastructure lead market gains on november 29
On November 29, the Nifty and Sensex rebounded strongly, with the Sensex rising 759 points to 79,803 and the Nifty gaining 217 points to 24,131, driven by gains in pharma, infrastructure, energy, and auto stocks. Zee Entertainment shares surged 5% after shareholders rejected CEO Punit Goenka's reappointment, while Divi's Laboratories rose 4% following a bullish report from Citi. Adani Group stocks jumped up to 20% after being included in the NSE's F&O segment, and Easy Trip Planners saw a 10% increase after announcing a 1:1 bonus share issue. Conversely, CreditAccess Grameen fell 8.5% after a downgrade from Goldman Sachs, which revised its target price significantly lower.
NSE adds 45 new stocks to futures and options trading segment
The National Stock Exchange (NSE) has expanded its futures and options (F&O) segment by adding 45 new stocks, effective November 29, 2024, increasing the total to 223. This inclusion, following SEBI’s revised criteria, aims to enhance liquidity and market participation, featuring notable stocks like LIC, Jio Financial Services, and Zomato. Analysts anticipate that this move will boost trading volumes and improve price discovery for these stocks.
Adani Group stocks surge as futures and options trading begins
Shares of Adani Green Energy, Adani Energy Solutions, and Adani Total Gas surged by 6-14% on November 29, following their inclusion in the National Stock Exchange’s futures and options (F&O) segment. Adani Green led the gains with a 14% increase, while Adani Energy Solutions rose by 12% and Adani Total Gas by nearly 6%. The F&O inclusion significantly boosted trading volumes, with over half of their one-month daily averages traded within the first hour.
GQG Partners' share price has fallen significantly following bribery charges against Gautam Adani and other executives, raising concerns about the firm's investments in Adani Group companies. Despite holding substantial stakes, GQG claims over 90% of client assets are in unrelated issuers. The long-term impact on GQG's reputation and fundraising efforts remains uncertain, prompting a reassessment of their trading strategy.
adani group stocks rebound after significant market losses from bribery allegations
Adani Group stocks showed signs of recovery after a significant drop due to US bribery charges. Adani Ports and SEZ rose 1.7% to Rs 1,133, while Adani Green Energy climbed 3.5% to Rs 1,186. Despite this, Adani Energy Solutions fell 3.5% to Rs 673, following a tumultuous session that saw the group lose Rs 2.2 lakh crore in market capitalization.
adani stocks plummet amid us bribery allegations and market turmoil
Adani Group's stocks continued to decline following serious bribery allegations against Gautam Adani, with a staggering market capitalisation loss of Rs 2.2 lakh crore on November 21. Adani Enterprises plummeted 23% to Rs 2,184, while Adani Green Energy fell 20% to Rs 1,146. Other firms, including Adani Energy Solutions and Adani Ports, also experienced significant losses, further impacting the group's market value.
adani group faces market turmoil after us bribery charges
Gautam Adani faces US bribery charges linked to a $250 million scheme, causing significant declines in Adani Group stocks, which fell up to 25% on November 21. The group's market capitalization dropped by Rs 2.2 lakh crore, impacting related companies and major lenders like SBI and PNB, whose stocks fell by up to 7%.
Adani Group faces 2.2 lakh crore loss amid US bribery allegations
Adani Group's market capitalization plummeted by Rs 2.2 lakh crore on November 21, with stocks falling up to 20% following US bribery charges against Gautam Adani. Prosecutors allege he and other executives paid over $250 million in bribes to secure solar energy contracts, violating federal laws while raising $1.36 billion from American investors. Just hours before the allegations, Adani raised an additional $600 million through green dollar bonds from US investors.
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