Adani Group stocks had a rollercoaster day but bounced back from early losses despite ongoing bribery allegations. In the end, 10 out of 11 Adani stocks finished in the green. Zepto, the quick commerce platform, raised $350 million in a funding round led by Motilal Oswal Private Wealth. NTPC Green Energy’s ₹10,000 crore IPO was fully subscribed by Day 3, showing strong investor interest.
AMD CEO Lisa Su celebrated 20 years of the company’s operations in India. Delhi’s NDMC is tackling the capital’s air pollution crisis with aggressive night cleaning drives.
Russian President Vladimir Putin ramped up threats towards the US and UK, warning of possible strikes as tensions with Ukraine rise. Bitcoin is nearing $100,000, fuelled by optimism from political shifts in the US.
Market ends at 1-week high ahead of Maha poll results; ₹7 lakh cr investor wealth added
The Sensex rose more than 2,000 points on Friday, making an intraday high of 79,218.19, while the Nifty is trading above the 23,800 mark today. Reliance Industry Ltd. is the top contributor in the Nifty50 index. Close to ₹6 lakh crore in investor wealth was added in today’s trading sessions.
Nifty PSU Bank, Oil and Gas, IT, and Realty were among the major sectoral gainers. Nifty PSU Bank witnessed a sharp recovery today and was trading higher by 2.98%.
Rupee ended the day at 84.45/$ against Thursday’s close of 84.49/$.
The top five market cap gainers this week are as follows: HDFC Bank Ltd, which saw an increase of ₹40,393 crore, bringing its market cap to ₹1,334,418 crore; Tata Consultancy Services Ltd, which gained ₹36,036 crore, raising its market cap to ₹1,536,150 crore; Mahindra & Mahindra Ltd, with an increase of ₹25,405 crore, bringing its market cap to ₹374,675 crore; Power Grid Corp of India Ltd, which rose by ₹23,065 crore, reaching a market cap of ₹313,430 crore; and Varun Beverages Ltd, which gained ₹21,310 crore, increasing its market cap to ₹208,518 crore.
The top five market cap decliners this week are as follows: Adani Green Energy Ltd, which saw a decrease of ₹69,365 crore, bringing its market cap down to ₹166,704 crore; Adani Enterprises Ltd, which dropped ₹68,818 crore, lowering its market cap to ₹257,342 crore; Adani Power Ltd, with a reduction of ₹34,172 crore, bringing its market cap to ₹177,708 crore; Adani Ports & Special Economic, which declined by ₹27,412 crore, bringing its market cap to ₹245,716 crore; and Adani Energy Solutions Ltd, which saw a decrease of ₹27,389 crore, lowering its market cap to ₹78,011 crore.
10 of 11 Adani Group stocks turn positive amid volatility after $27 billion route
Adani Group stocks are witnessing sharp fluctuations in Friday’s trading session after initially extending losses from Thursday’s fall.
Shares of Adani Ports, which fell as much as 6% at the start of trade have now turned positive. Adani Enterprises, which fell 7% in early trading, have also recovered all of their losses.
However, it must be noted that Adani Enterprises is in the F&O ban, which means no new positions can be created in the stock, however, existing positions can be dealt with.
White House reacts to bribery allegations against Adani
Reacting to the Adani bribery case, White House Press Secretary Karine Jean-Pierre said they’re aware of the allegations against the Adani Group, though SEC and DOJ would be able to shre the specifics .
“On the US and India relationship, we believe that it’s extremely strong foundation anchored ties between our people and cooperation across a full range of global issues. And so, we believe and we’re confident that we’ll continue to navigate this issue, as we have with other issues that may have come up… But, again, we believe that this relationship between India and the U.S. has been built on a strong foundation,” the White House said.
IPO-bound Zepto raises $350 million in mega domestic funding round
Quick commerce platform Zepto has raised $350 million in its third funding round this year, led by Motilal Oswal Private Wealth. The funding round attracted investments from prominent investors and family offices, including Motilal Oswal AMC and Raamdeo Agarwal, the Taparia Family Office, Mankind Pharma Family Office, RP Sanjiv Goenka Group, Cello Family Office, Haldiram Snacks Family Office, Sekhsaria Family Office, Kalyan Family Office, Happy Forgings Family Office, and Mothers Recipe Family Office (Desai Brothers). Celebrity investors such as Sachin Tendulkar and Abhishek Bachchan also participated.
Zepto’s valuation remains steady at $5 billion. The funding adds to Zepto’s impressive 2024 trajectory, which has seen the company raise over $1 billion.
AMD CEO Lisa Su on company’s two decades in India
India is one of the most important markets’ says Lisa Su, Chair & CEO, AMD. Promises to continue investing as AMD celebrates 20 years in india.
NTPC Green Energy’s ₹10,000-crore IPO fully subscribed on Day 3
NTPC Green Energy’s initial public offering (IPO) sailed through on Friday, November 22, at around 10:55 am receiving bids for 100% of the shares on offer, according to information sourced from the National Stock Exchange.The issue had opened for subscription earlier in the week and will conclude today.
The retail investors portion was subscribed 2.63 times, while qualified institutional bidder (QIB) had bid for 75% of the shares on offer.
NDMC launches aggressive cleaning drives to tackle Delhi’s air pollution crisis
The New Delhi Municipal Corporation (NDMC) undertook several steps to combat the alarming levels of air pollution in the capital, conducting night cleaning drives as well as sweeping operations across Delhi on Friday. The Vice Chairman of NDMC, and a leader of the Bhartiya Janata Party (BJP), Kuljeet Singh Chahal, was present at the drive, leading the initiative.
The cleaning drive began in Khan Market, with a resolution by the staff of NDMC to expand to other parts that fall under the corporation across the capital city of Delhi. The goal of the initiative is to attain a “garbage-free NDMC”.
Maharashtra Election Results LIVE: Political analyst Tehseen Poonawalla confident of MVA victory
The MVA, consisting of the Congress, Shiv Sena (UBT) and NCP (SP) and the Mahayuti, comprising the BJP, Shiv Sena and NCP, have expressed confidence that their respective alliance will form the next government after votes are counted on Saturday (November 23).
On election results day, India will wake up to 3 political realities
This Saturday will throw three political realities at India that won’t just be confined to the state politics of Maharashtra, Jharkhand, and Uttar Pradesh where ten seats were closely contested but whose reflection will be on the political future of India.
Vladimir Putin threatens to strike US and UK as war between Russia and Ukraine escalates
The US, UK, and France allowed Ukraine to use advanced missiles like the Army Tactical Missile System (ATACMS), Storm Shadow, and SCALP against Russia. Now Russia has responded with a new strategic missile, the Oreshnik, which has a longer range than any of the aforementioned weapons and is also capable of carrying nuclear warheads.
Following the launch of the Oreshnik, Russian President Vladimir Putin, in a rare and surprise televised address reported by several media outlets, openly challenged the countries aiding Ukraine with missile support, signalling that Russia may target the UK, US, and France with its powerful new missile, escalating the threat of a broader conflict.
Putin said the conflict in Ukraine had characteristics of a “global” war as he did not rule out strikes on Western countries.
Bitcoin’s wild ride toward $100,000
Bitcoin neared $100,000 for the first time on Thursday as the election of Republican Donald Trump as president fuelled expectations that his administration will create a friendly regulatory environment for cryptocurrencies.
The world’s biggest and best-known cryptocurrency has more than doubled from this year’s low of $38,505 and is up about 45% in the two weeks since Trump’s sweeping election win.
Here are key events in bitcoin’s journey towards $100,000
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