Adani Group Stocks Rally Sharply Following India-US Trade Deal
Shares of Adani Group companies surged dramatically in Tuesday's trading session after India and the United States announced a trade agreement that replaced punitive 50 percent tariffs with a revised 18 percent levy Business Standard . Market Performance Adani Enterprises, the conglomerate's flagship company, jumped as much as 12 percent, marking its steepest intraday gain since November 2024 Business Standard . Other group companies also posted strong gains, with Adani Green surging 12.7 percent, Adani Energy Solutions rising 10 percent, Adani Ports climbing 8 percent, and Adani Power advancing 7.8 percent Business Standard . The rally extended to Adani's acquired entities, with Ambuja Cements and NDTV also registering gains during early trade. Broader Market Rally The positive sentiment wasn't limited to Adani stocks. The Nifty index rose as much as 4.99 percent to 26,341 points, while the Sensex advanced 5.15 percent to 85,871 points, notching the steepest intra...