• Source:PTI
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Adani Group Stocks:  Shares of nine of the 10 Adani Group companies that are listed on the stock exchange gained on Wednesday, a day after they were heavily sold off. This was due to value buying at lower levels and a recovery in the stock market. At the end of trading, shares of Adani Green Energy had risen by 11.01 percent, Adani Ports had risen by 8.59 percent, Ambuja Cements had climbed by 7.47 percent, and the group's flagship company Adani Enterprises had jumped by 6.02 percent on the BSE.

The stock of ACC climbed by 5.20 percent, NDTV increased by 3.26 percent, Adani Total Gas climbed by 2.67 percent, Adani Wilmar climbed by 0.77 percent, and Adani Power increased by 0.32 percent.

In intra-day trading, shares of Adani Green jumped by 12.24 percent, Adani Ports climbed by 9.62 percent, Ambuja Cements (7.95 percent), Adani Power (7.54 percent), Adani Enterprises (7.22 percent), Adani Total (6.40 percent), ACC (6.17 percent), NDTV (5.82 percent), and Adani Wilmar (2.23 percent).

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However, the stock of Adani Energy Solutions decreased by 2.58 percent. The combined market capitalization of the nine Adani Group companies stood at Rs 15,57,765.43 crore at the end of trading on Wednesday.

The 30-share BSE Sensex rose by 2,303.19 points or 3.20 percent to close at 74,382.24 on Wednesday, recovering from Tuesday's losses. During the day, it climbed 2,455.77 points or 3.40 percent to 74,534.82. Even though the BJP did not receive a majority in the Lok Sabha elections, the party-led alliance won 293 seats out of 543. The majority mark in the lower house is 272.

On Tuesday, shares of all Adani Group companies fell, with many firms hitting their lower circuit limits, due to disappointing poll results. Following the sharp declines in the group companies, the combined market capitalization of all 10 listed companies decreased by Rs 3.64 lakh crore. In intra-day trading on Tuesday, Adani Enterprises fell by 25% to hit the lower circuit limit.

Adani Ports had fallen by 25 percent to its lower circuit limit, while Ambuja Cements had fallen by 22.5 percent to hit the lowest trading limit for the day.

On Tuesday, the 30-share BSE benchmark fell by 4,389.73 points or 5.74 percent to close at 72,079.05. During the day, the benchmark declined 6,234.35 points or 8.15 percent to hit a nearly five-month low of 70,234.43. On Monday, shares of all Adani Group companies climbed sharply, with Adani Power surging by nearly 16 percent, in line with a significant increase in the stock market, taking the combined market capitalization of the ten listed firms to Rs 19.42 lakh crore.

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(With PTI's Input)