Tag: adani green energy

Shares of Adani Group stocks sank up to 10 percent, with the stock price of the flagship firm Adani Enterprises bearing the brunt of the selling pressure. The Adani Group stocks had been major outperformers so far this calendar year, hence the current selling can be attributed to profit-taking at these counters. Adani Enterprises was down for the seventh straight trading session, having corrected over 20 percent from its lifetime high to a low of Rs 3,105 today. However, in the past three months, the stock has outperformed the market by surging 48 percent, as against an 8 percent rise in the benchmark index. Read more

Indian benchmark indices ended lower for a second straight day today(19th January 2022) as rising bond yields continued to shift investors away from riskier asset classes. The 10-year US Treasury yield hit 1.9 percent today, its highest point since December 2019. Brent crude futures, too, topped the $88 per barrel mark. Given this, the frontline BSE Sensex index plunged 656 points, or 1.08 percent, to 60,099. The Nifty50, on the other hand, shut shop at 17,943, down 170 points or 0.9 percent. The broader markets, however, outperformed the headline indices with the BSE MidCap index declining 0.34 percent but the BSE SmallCap rising 0.04 percent. Among individual stocks, SBI rose around 2 percent to end as the top Sensex gainer today. This was followed by Maruti Suzuki, Tata Steel, Axis Bank, Tech M, and M&M. All these stocks were up in the range of 0.3-1.6 percent. Read more