Stock Market

Shares of most of the Adani Group companies ended higher on Wednesday, with the flagship company Adani Enterprises rallying nearly 20 per cent.

Sensex and Nifty closed higher by more than half a per cent on Wednesday following buying in IT, financial and oil stocks after the RBI slowed down the pace of interest rate hikes.

On the BSE, the shares of Adani Enterprises rose13.07 per cent to Rs 2,038 apiece.

Shares of Adani group companies ended on a mixed note on Tuesday, with flagship Adani Enterprises rising nearly 15 per cent.

Paytm' stock rose as much as 7.4% yesterday, its biggest intraday jump in two months after the firm posted its first-ever quarterly operating profit as a listed firm.

The rupee appreciated 6 paise to close at 82.70 against the US dollar today, as a weak American currency against major rivals overseas boosted investor sentiments.

Investors have been worried about various banks' exposure to the group ever since late January when U.S.-based short-seller Hindenburg Research alleged improper use of offshore tax havens and stock manipulation by the conglomerate.

The group owned by tycoon Gautam Adani lost around $120 billion in value after claims of accounting fraud were levelled by short-seller US investment group Hindenburg Research on January 24.

Metal stocks lost over 1% dragged by Tata Steel after the company reported a loss in third quarter on soft demand. Hindalco also fell after its U.S. subsidiary Novelis reported decline in consolidated profit in December quarter.

The rupee fell by 65 paise to close at 82.73 (provisional) against the US currency on Monday, weighed down by gains in the greenback in the overtseas markets and a muted trend in domestic equities.

Benchmark Sensex dropped 334 points on Monday due to intense selling pressure in metal and power stocks as FII outflows dampened investor sentiment.

One month into 2023 and these small-cap stocks are on a roll. Do you own some of these?

Ramifications of the relentless selloff are spreading far and wide as concerns grow about the exposure that financial institutions and investors have to the conglomerate.

The capital markets regulator Securities and Exchange Board of India (SEBI) has said it has observed "unusual price movement in stocks of a business conglomerate" in the past week amid the Adani stocks rout.

Shares of four Adani Group firms, including Adani Enterprises and Adani Ports bounced back on Friday after facing heavy drubbing in the past six days.

Shares of most of the Adani Group companies ended higher on Wednesday, with the flagship company Adani Enterprises rallying nearly 20 per cent.

Sensex and Nifty closed higher by more than half a per cent on Wednesday following buying in IT, financial and oil stocks after the RBI slowed down the pace of interest rate hikes.

On the BSE, the shares of Adani Enterprises rose13.07 per cent to Rs 2,038 apiece.

Shares of Adani group companies ended on a mixed note on Tuesday, with flagship Adani Enterprises rising nearly 15 per cent.

Paytm' stock rose as much as 7.4% yesterday, its biggest intraday jump in two months after the firm posted its first-ever quarterly operating profit as a listed firm.

The rupee appreciated 6 paise to close at 82.70 against the US dollar today, as a weak American currency against major rivals overseas boosted investor sentiments.

Investors have been worried about various banks' exposure to the group ever since late January when U.S.-based short-seller Hindenburg Research alleged improper use of offshore tax havens and stock manipulation by the conglomerate.

The group owned by tycoon Gautam Adani lost around $120 billion in value after claims of accounting fraud were levelled by short-seller US investment group Hindenburg Research on January 24.

Metal stocks lost over 1% dragged by Tata Steel after the company reported a loss in third quarter on soft demand. Hindalco also fell after its U.S. subsidiary Novelis reported decline in consolidated profit in December quarter.

The rupee fell by 65 paise to close at 82.73 (provisional) against the US currency on Monday, weighed down by gains in the greenback in the overtseas markets and a muted trend in domestic equities.

Benchmark Sensex dropped 334 points on Monday due to intense selling pressure in metal and power stocks as FII outflows dampened investor sentiment.

One month into 2023 and these small-cap stocks are on a roll. Do you own some of these?

Ramifications of the relentless selloff are spreading far and wide as concerns grow about the exposure that financial institutions and investors have to the conglomerate.

The capital markets regulator Securities and Exchange Board of India (SEBI) has said it has observed "unusual price movement in stocks of a business conglomerate" in the past week amid the Adani stocks rout.

Shares of four Adani Group firms, including Adani Enterprises and Adani Ports bounced back on Friday after facing heavy drubbing in the past six days.