Adani Stocks Soar Amid India-US Trade Deal

Adani group stocks surged as India's equity market rallied following a trade agreement between India and the US. Adani Green, Adani Enterprises, and others saw substantial gains. The Sensex spiked due to decreasing tariffs on Indian goods, leading to significant investor interest in Adani stocks.

In a remarkable show of market strength, Adani group stocks stood out on Tuesday, fueled by a significant trade agreement between India and the United States. This deal promises to reduce reciprocal tariffs on Indian exports imposed by Washington to 18 per cent, igniting investor enthusiasm across the board.

The Adani Green Energy stock soared an impressive 10.61 per cent, closely followed by substantial gains across other Adani entities, including Adani Enterprises and Adani Ports. The latter emerged as the biggest gainer within the Sensex, driven by enhanced revenues from its core cargo handling business.

Adding to this financial flourish, India's primary equity indices reacted strongly. The BSE Sensex rose by 2,072.67 points to close at 83,739.13, while the NSE Nifty surged by 639.15 points, marking one of the most significant single-day increases in recent memory, signaling renewed investor confidence.

(With inputs from agencies.)