Kumar Bahukhandi
The news of Hindenburg’s closure had an impact on Gautam Adani’s shares-Photo -By Arrangements
The stock market started trading with gains for the third consecutive day on Thursday January 16, 2025 . Meanwhile, the shares of Gautam Adani’s companies were seen rising rapidly as soon as they opened. This strong rise has been seen after the announcement of shutdown of American short sale firm Hindenburg.
The Indian stock market started trading with gains on Thursday January 16 , 2025 for the third consecutive trading day. The 30-share Sensex of the Bombay Stock Exchange opened with a gain of more than 500 points, while the Nifty of the National Stock Exchange started trading with a jump of more than 100 points. Meanwhile, the effect of a news from America has been seen especially on the shares of billionaire Gautam Adani’s companies. Yes, while the shutter down of US Short Seller Hindenburg was announced, Adani Stocks have been seen rocketing.
The market opened with stormy momentum
First of all, let us talk about the start of the stock market, so let us tell you that the BSE Sensex jumped to 77,319.50 level compared to its previous close of 76,724. On the other hand, NSE Nifty jumped from its previous trading day’s close of 23,213 to start trading at the level of 23,377. All the shares of Adani Group took a big jump as soon as the market opened and from Adani Green to Adani Enterprises, everyone was seen running like a rocket.
Why did Adani’s shares become rockets?
The shares of 9 companies of Adani Group listed in the stock market started trading with tremendous momentum on Thursday. The stock of the group’s flagship company Adani Enterprises rose by 4.35% to Rs 2,492.15 within a few minutes of opening. Apart from this, other shares also started trading at a stormy pace .
