The Adani Group has seen its stock prices fall this week as two of its subsidiaries, Adani Transmission Ltd. and Adani Total Gas Ltd., were dropped from the MSCI India gauge. This move is likely to trigger around $390 million of selling by passive funds, Brian Freitas, an independent equities analyst who publishes on Smartkarma, predicted earlier. Adani Enterprises Ltd., the flagship of the group, is also set for a weekly loss of almost 4%.
Kotak Bank surges 9% as Q3 tops expectations, brokerages positive
Kotak shares, which closed at ₹1,920.5 on Monday, gained 7.5% in the past year and 17% in five years. The Bank Nifty rose 9.6% in
January 21, 2025