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    ADANI STOCKS GAINERS

    Market wrap: M&M, InterGlobe, Adani Ports SEZ, ICICI Bank top gainers and losers on Nifty and Sensex on Wednesday

    Sensex surged 773 points and Nifty closed above 25,250 on Wednesday, extending their winning streak to nine consecutive regular sessions. M&M and InterGlobe led the Nifty and Sensex gainers, rising over 5% and 4%, respectively. Adani Ports SEZ and ICICI Bank featured among the top losers on both indices.

    Why did market rally today? Sensex ends 1,718 pts higher, Nifty reclaims 25,000 as D-Street concludes bumper week. 4 factors behind today’s gains

    In a surprising turn of events on Friday, both Sensex and Nifty soared by more than 2%, contrasting with the downturn seen in global markets. This upward movement was sparked by a historic influx of share purchases by foreign investors, emphasizing their belief in India's financial potential. Mahindra & Mahindra shone bright with robust earnings information, though broader markets faced challenges.

    Ambani tops Forbes' global billionaire gainers list with $6 bn wealth jump as Reliance shares soar

    Mukesh Ambani has become the largest wealth gainer globally, adding USD 6 billion to his fortune. Reliance Industries shares surged 11.6 percent after a favorable quarterly earnings announcement. The company's consolidated net profit increased by 40.6 percent year-on-year, exceeding analysts' expectations significantly. Core earnings for its refining and Jio Platforms businesses experienced significant growth during the quarter. Ambani's wealth rose to USD 88.8 billion, placing him as the richest Indian.

    Market wrap: Adani Ports SEZ, Adani Ent, Trent, Maruti Suzuki top gainers and losers on Nifty and Sensex on Thursday

    Indian equities rallied on Thursday, with the Sensex rising 905 points and the Nifty gaining 238 points as easing crude oil prices, the US Federal Reserve’s rate decision and institutional buying lifted sentiment. Adani Ports SEZ and Adani Enterprises led Nifty gainers, while Trent and Maruti Suzuki were among the top losers.

    D-Street's proxy AI trade shines in a bleak year for stocks

    India's Nifty 50 index faces considerable challenges this year, with a significant drop since January. In contrast, stocks linked to artificial intelligence have thrived, attracting investor interest and increased foreign ownership. Companies are investing in the foundational infrastructure for AI, anticipating a fourfold rise in data center capacity by 2029. However, experts warn that lofty valuations could pose risks for future earnings.

    India's proxy AI trade shines in a bleak year for stocks

    Despite a notable decline in the Nifty 50 index, Indian stocks tied to artificial intelligence have surged impressively. Key players like optical fibre manufacturers and data centre developers are witnessing remarkable gains as foreign investors seize opportunities amid strong demand. However, some analysts express caution over potentially inflated valuations, suggesting this sentiment could influence future investments in these burgeoning sectors.

    The Economic Times
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