Adani Ports, Ambuja Jump Over 3%, Reliance And BSE Miss Market Rally
Mumbai: Adani Group shares climbed on October 9 as Indian equity markets recovered, with Adani Ports and Ambuja Cements gaining more than 3 per cent. Reliance Industries and BSE Ltd moved lower, contrasting with the broader rally. The Sensex closed at 72,472.33, up more than 1 per cent, while the Nifty gained 1.30 per cent to finish at 22,520.45. Adani Ports And Ambuja Lead Gains Adani Ports and…
On October 9, shares of the Adani Group surged as Indian equity markets rebounded, with Adani Ports and Ambuja Cements both climbing over 3 percent. However, Reliance Industries and BSE Ltd. moved lower, diverging from the broader rally. The Sensex closed at 72,472.33, an increase of more than 1 percent, while the Nifty rose 1.30 percent to finish at 22,520.45.
Adani Ports and Special Economic Zone led the gains, advancing 3.10 percent to ₹1,761 on the NSE, reaching a high of ₹1,770 during the session, a 3.62 percent intraday increase from its previous close. Ambuja Cements also performed well, ending 3.08 percent higher at ₹351.50, joining Adani Ports as a strong performer in the group.
Adani Green Energy gained 1.63 percent to close at ₹1,255.80, and Adani Enterprises finished the day at ₹2,634.40, up 1.48 percent. Its intraday high of ₹2,653 marked a 2.19 percent gain from the prior closing level.
Adani Group announced plans to invest over ₹6 lakh crore in Maharashtra, with ₹2.6 lakh crore allocated to projects that have been completed or are currently underway. In contrast, Reliance Industries fell 0.65 percent to ₹1,170.30, and BSE Ltd. experienced a decline of 1.43 percent to ₹3,287.20. Their drops were notable as buying activity lifted other heavyweight shares and helped support the benchmark indices' recovery.
Among Nifty gainers, Apollo Hospitals, ITC, Eicher Motors, Tata Consultancy Services, and HCLTech were noteworthy, with gains ranging from 4.72 percent at the close. Technology stocks experienced a sectoral recovery, with Nifty IT leading the advance at about 3 percent. The Mid-Small IT and Telecom index rose 2.56 percent, while the FMCG sector advanced 2.20 percent.
However, the oil and gas sector bucked the uptrend, with Nifty Oil and Gas sliding 0.09 percent, despite the overall market recovery.
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