Adani Group Stocks Surge As Market Rebounds; Adani Ports Lead
Adani Group companies opened in the green, leading the charge in the market recovery.
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Adani Group stocks saw significant gains on Tuesday as the NSE Nifty 50 and BSE Sensex rebounded from the previous session's slump. The Nifty 50 opened 1.8% higher at 22,568.65, while the Sensex surged 1.63% to 74,331.78, reflecting renewed investor confidence.
Adani Group companies opened in the green, leading the charge in the market recovery. Adani Ports and Special Economic Zones Ltd. was the biggest gainer as it surged 4.05% to trade at Rs 1,155.65 apiece.
Adani Green Ltd. turned out to be the third biggest gainer as the stock surged 3.98% to trade at Rs 908 apiece at intraday high.
Other notable gains included Adani Total Gas Ltd., which rose by 3.56% to Rs 570, and NDTV, which increased by 3.86% to Rs 117. ACC Ltd. opened at Rs 1,968, up 2.06%, and Adani Power Ltd. saw a rise of 3.04% to Rs 525. Sanghi Industries Ltd. also surged with a 2.65% increase to Rs 60.
The company gained over Rs 13,000 crore in market cap on Tuesday, bringing the total market cap to Rs 10.42 lakh crore. Day's high market cap reached Rs 10.67 lakh crore.
The Indian stock market faced a significant downturn on Monday, with the NSE Nifty 50 and BSE Sensex plunging at the opening bell. This decline mirrored global market turmoil following US President Donald Trump's recent tariff announcement.
On Monday the Nifty 50 dropped over 5% to 21,743.65, while the Sensex fell 5.23% to 71,425. The crash was triggered by Trump's announcement of a 25% tariff on automobiles and parts, along with reciprocal tariffs on Indian imports.
