The Adani Group stocks have been rallying on favourable triggers including the Bharatiya Janata Party’s (BJP) electoral wins in three key states in the Hindi heartland viz. Madhya Pradesh, Rajasthan, and Chhattisgarh, lending more confidence to the Street on the return of the incumbent government in the 2024 general election.
Asian stocks advance as Fed’s rate cut lifts mood
Asian markets followed Wall Street higher after the US Federal Reserve lowered interest rates. Fed Chair Jerome Powell indicated confidence in the US economy’s future.