The Indian markets on Friday were able to recoup from yesterday’s losses and snapped the seven days losing streak by gaining over 2 per cent. This was mainly driven by a recovery in global markets and buying across the sectors including PSU Bank, power, metal and realty. However, the number of stocks hitting the lower circuit remained higher than those hitting the upper circuit.
The Sensex was up 1,328.61 points or 2.44% and closed at 55,858.52 levels. The NIfty 50 index was up 410.40 points or 2.53% closing at 16,658.40.
Amid the rally, all of the Adani group of companies have surged in today’s session.
Adani Wilmar Ltd:
The Ukraine-Russia tension can lead to a sunflower oil crisis as Ukraine contributes more than two-thirds of India’s sunflower oil imports. This news led the recently-listed stock to shoot up 9.99% hitting an upper circuit and closing at Rs 366.20.
Adani Power Ltd:
The Supreme Court has directed 3 Rajasthan discoms to pay the compensatory tariff to Adani Power within four weeks amounting to Rs 4,200 crore in total. The stock price surged 10.93% closing at Rs 123.30.
Adani Ports and Special Economic Zone Ld:
The stock went up by 6.51% in today’s trading session and closed at Rs 697.50 as opposed to its opening price of Rs 674.
Adani Enterprise Ltd:
The stocks of Adani enterprise opened at 1591.85 and shot up 4.93% in today’s session marking a close at Rs 1,620.
Adani Transmission Ltd:
The stock opened at Rs 1994.50 at the start of the day. It surged during the day and closed up by 3.71% at Rs 2030.
Adani Green Energy Ltd:
The shares of the power generation company started trading at Rs 1884.85 in the morning. During the day it gained around 3.91% and closed at Rs 1922.
Adani Total Gas Ltd:
The stocks of the gas distribution company surged nearly 1.15% in today’s trading session making a close at Rs 1,583.05. A few weeks ago the company announced that it will invest Rs 20,000 crores in setting up city gas infrastructure across the country over the next 8 years.
