Mukesh Ambani reclaims richest Indian position
Industrialist Gautam Adani, despite a 57% erosion in wealth, was ranked second in the list with a wealth of ₹4,74,800 crore. Last year, he was ahead of Ambani by ₹3 lakh crore.
Indices rebound on global cues, drop in US yields
NSE’s Nifty rose 177.5 points, or 0.91%, to close at 19,689.85. BSE’s Sensex climbed 566.97 points or 0.87% to close at 66,079.36. Both indices had fallen over 0.7% on Monday as the escalation in geopolitical tensions in the Middle East resulted in oil prices surging.
End of lock-ins may bring a flood of shares to Street
Market observers will be monitoring the actions of pre-IPO investors and promoters in firms such as Mankind Pharma, Kaynes Technologies, Gland Pharma, Utkarsh Small Finance Bank and Senco Gold, among others, to ascertain whether they opt to divest or maintain their current holdings.