Indian market is at new record high after BJP’s bumper victory in Madhya Pradesh, Rajasthan and Chhattisgarh. Today Sensex made a new record high of 68587.82 while Nifty also crossed the level of 20600 for the first time. The rise in the shares of Adani Group, which has been going on for the last several sessions, has gained new momentum today.
Strong rise in Adani Group shares
As soon as the market opened, a rise of 3.5-10% was seen in all the group shares of Adani Group. Adani Green Energy, Adani Energy, Adani Total Gas, Adani Gas are up by 8-10%. Whereas Adani Power and Adani Enterprises are seeing a rise of more than 7.5%.
Market cap crosses Rs 12 lakh crore
Due to this rise in the shares of Adani Group, the market of the group reached Rs 12.36 lakh crore. It has crossed Rs 12 lakh crore for the first time after February 1, 2023. In the first 20 minutes of market opening, Adani Group shares added Rs 1.14 lakh crore to the market cap.
Adani Group will spend Rs 7 lakh crore on capital expenditure in the next 10 years to further strengthen its presence as a major infrastructure player in India. This plan of Adani Group has also supported the shares.
