Adani group stocks significantly recovered, surging by up to 6% in Wednesday’s trade after experiencing a sharp decline of as much as 15% in early trading. ACC, Ambuja Cement, Adani Green Energy, and Adani Ports surged between 3-6%. In early Wednesday trade, Adani Energy Solutions declined 15%, while Adani Power fell 12%. Adani Enterprises, Adani … Read more
India’s market capitalisation can grow from $4.8 trillion now to $50 trillion in the next 20 years, National Stock Exchange (NSE) CEO Ashish Chauhan has predicted. If India must reach a market cap of $50 trillion in next 20 years, it will come on the back of tech-driven startups that will lead wealth creation, National … Read more
India’s market capitalisation hit a record $3.75 trillion on September 4, propelled by inflows from domestic and foreign investors as well as a stream of new listings. According to Bloomberg data, Indian equities are ranked fifth in the world by market capitalisation, behind the US, China, Japan and Hong Kong. MARKET CAP EXPANSION DOES NOT … Read more
Eight of the 10 most valued firms together added Rs 98,234.82 crore in market valuation last week, with IT majors and emerging as the biggest gainers amid a positive momentum in equities. Last week, the BSE benchmark Sensex advanced 817.68 points or 1.42 per cent. From the top-10 pack, twins were the only laggards. The … Read more