Adani Group companies, Adani Power, Adani Enterprises, Adani Ports and Adani Green Energy, among others, on Saturday issued a clarification via stock exchange filing in response to recent media reports claiming that the United States Securities and Exchange Commission (US SEC) is seeking court approval to serve legal summons to Adani Group Chairman Gautam Adani…
Markets started the week on a weak note and declined nearly half a percent, pressured by negative cues. From a technical perspective, analysts say the Nifty’s break below the key support zone near 25,600 signals a continuation of the near-term corrective trend, with the next support placed around the 25,300–25,400 range. “In the event of…
Domestic brokerage firm JM Financial has initiated coverage on Adani Power with a ‘Buy’ rating, setting a target price of Rs 178 per share. This implies a potential upside of 22.8% from the current market price of approximately Rs 145. The brokerage’s optimism stems from the company’s strong execution capabilities, dominant position in the thermal…
Shares of Adani Power climbed as much as 7.1% on Thursday, rising to Rs 153.20 on the BSE, as investors assessed the company’s long-term growth outlook amid expectations of rising baseload power demand, a large capacity expansion pipeline and improving earnings visibility highlighted in recent brokerage reports. In a recent initiating note, Antique Stock Broking…
Adani Group said it reported a strong first half for FY26, driven by record capital expenditure, higher operating earnings and continued improvement in credit quality across its core infrastructure businesses. The portfolio added Rs 67,870 crore worth of gross assets during the first six months of the year, taking the total asset base to Rs…
The Indian market ended higher on Monday, with the Sensex and Nifty snapping a six-day winning streak, as investors locked in gains after benchmarks hovered near record highs. The pause followed a rally fuelled by optimism over easing global trade tensions and expectations of a rebound in corporate earnings. The S&P BSE Sensex declined 0.67%…
The Indian market extended its winning streak on Friday, supported by foreign inflows, easing U.S. bond yields, a stronger rupee, and festive optimism. The S&P BSE Sensex surged 484.53 points, or 0.58%, to close at 83,952.19, while the NSE Nifty 50 rose 124.55 points, or 0.49%, to 25,709.85. Here’s how analysts read the market pulse:…
The Indian market ended lower on Monday, with IT stocks leading the laggards, as renewed trade tensions between the U.S. and China dented risk appetite. The selloff followed U.S. President Donald Trump’s escalation of tariff threats after Beijing tightened curbs on rare earth exports. The S&P BSE Sensex declined 173.77 points, or 0.21%, to finish…
The Indian market fell for a fifth straight session on Thursday, with the Sensex and Nifty dragged lower by financial and IT shares as persistent foreign outflows and worries over U.S. visa curbs weighed on sentiment. The S&P BSE Sensex dropped 555.95 points, or 0.7%, to close at 81,159.68, while the NSE Nifty 50 shed…
The Indian market ended lower on Monday, after last session’s profit-booking, with IT stocks dragging the most after the U.S. sharply raised the one-time cost of H-1B visas to $100,000, rattling sentiment in a sector that had only recently shown signs of a rebound. The S&P BSE Sensex fell 0.56% to close at 82,323.62, shedding…