Adani Group Stocks Surge Up to 15% as Investors Embrace Strong Macro Numbers and BJP’s Electoral Wins

In a bullish start to the week on December 4, Adani Group stocks experienced substantial gains, propelled by heightened investor risk appetite following robust macroeconomic data and the Bharatiya Janata Party’s (BJP) electoral success in three states.

Adani Enterprises, the flagship firm, led the charge with a remarkable 10% surge in its share price. Meanwhile, Adani Green Energy witnessed an impressive jump of 15%, Adani Total Gas saw gains of 14%, and Adani Power surged by 12%. Adani Wilmar recorded a notable rise of 9.96%, while Adani Ports shares marked a 7% increase.

In addition to the core Adani Group companies, other affiliated stocks also experienced positive momentum. NDTV saw its share price rise by 7%, Ambuja Cements climbed 5%, and ACC shares increased by 5%.

This surge in Adani Group stocks aligns with the broader market trend, as evidenced by the Nifty 50 hitting a record high of 20,602.50, and the Sensex reaching a fresh peak of 68,587.82. The BSE Midcap and Smallcap indices also achieved record highs at 35,124.23 and 41,221.91, respectively.

The positive market sentiment follows the state election results, which have bolstered optimism about political stability in the country. The BJP secured significant victories across three major states, enhancing its prospects for the upcoming general election. This outcome has implications for the Opposition, particularly the Congress party, prompting discussions on seat-sharing with potential allies in the INDIA bloc.

V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, noted, “The state elections results have turned out to be a big event which can trigger renewed optimism and further rally in the market. The market likes political stability and a reform-oriented, market-friendly government. From the market perspective, the results were better than expected.”

He added, “The market has already partly discounted a BJP victory with a 500-point rally during the last four sessions. But the mood is so exuberant that the rally will continue. The global backdrop also is favourable with the US 10-year bond yield declining to 4.23 per cent. An across-the-board rally in stocks is in the offing.”

Disclaimer: The views and investment tips expressed by investment experts on are their own and not those of the website or its management. advises users to check with certified experts before taking any investment decisions.​​
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