Several Adani Group stocks traded lower on Monday despite a broader recovery in Indian equities, with crude oil prices easing supporting overall investor sentiment. According to reports from LiveMint, Adani Total Gas led the declines with a 5% drop to ₹629.30, while Adani Ports fell 2% to ₹1,766.70 and Adani Power declined 0.7% to ₹207.25. However, some group companies bucked the trend, with Adani Green Energy gaining 1.5% to ₹1,333.95, Adani Energy Solutions rising 1.1% to ₹1,431.80, and Adani Enterprises advancing 0.5% to ₹3,015. Adani Ports has shown significant volatility with a 52-week range of ₹1,292.00 to ₹1,891.10, reflecting the stock's sensitivity to market conditions and operational performance.
In a significant development for Assam's energy sector, Chief Minister Himanta Biswa Sarma laid the foundation stone for Adani Power Limited's 3,200 MW Ultra-Supercritical Thermal Power Plant at Chapar in Dhubri district. The project involves an investment of ₹48,000 crore and will comprise four 800 MW units using ultra-supercritical technology with high-efficiency systems and modern environmental safeguards. As reported by The Times of India, the project is expected to generate up to 20,000 jobs in the construction phase and around 5,000 jobs once operational, significantly boosting Assam's power generation capacity. The thermal power project is part of a ₹63,000 crore power investment in Assam, with commissioning scheduled in phases from December 2030.
The mixed movement across Adani Group stocks came as the Sensex traded 478.05 points or 0.64% higher at 74,773.01, while the Nifty stood at 23,404.65, up 58.25 points or 0.25% at the time of writing. As reported by LiveMint, crude oil prices eased on Monday with Brent crude futures falling 2.2% to $101.6 per barrel as investors watched for a recovery in shipments from Saudi Arabia. Lower crude prices supported the broader market as investors assessed developments around oil supplies and geopolitical tensions.
US markets ended mixed on Friday as investors weighed easing crude prices against the US 10-year Treasury yield hovering around 5%. The S&P 500 gained 0.17%, while the Nasdaq Composite advanced 0.39% on strength in technology stocks. However, the Dow Jones Industrial Average slipped 0.18% as elevated bond yields kept broader sentiment cautious. European markets closed sharply lower on Friday amid concerns over elevated interest rates and continued geopolitical uncertainty, with Germany's DAX falling 1.60% to 25,304.06 and France's CAC 40 declining 1.49% to 8,065.02.
Indian equities extended their recovery with Nifty gaining 0.33% as moderation in crude and global yields supported sentiment. The Sensex lost around 20 points or 0.03% to close at 74,295, while broader markets outperformed significantly, with Nifty Smallcap 100 and Nifty Midcap 100 indices rising up to 1.7%. Among the most active stocks on NSE in value terms were HDFC Bank (₹2,868 crore), Bharti Airtel (₹2,655 crore), and Adani Gas (₹2,565 crore). Vodafone Idea led volume trading with 35 crore traded shares, followed by Meesho (8.34 crore) and Yes Bank (7.36 crore).
