Highlights

  • Gautam Adani's wealth goes past $70 billion mark
  • Becomes 16th richest person
  • Wealth increased by $4.41 billion on Monday

Latest news

Indian origin student froze to death in US after being denied entry to nightclub

Indian origin student froze to death in US after being denied entry to nightclub

Beyoncé's country music and western style spurs cow girl core yet again, 'BeyHives' follow suit

Beyoncé's country music and western style spurs cow girl core yet again, 'BeyHives' follow suit

Former Maharashtra CM Manohar Joshi dies at 86

Former Maharashtra CM Manohar Joshi dies at 86

WPL has played a big role in improving standards of domestic Indian players: Meg Lanning

WPL has played a big role in improving standards of domestic Indian players: Meg Lanning

Nvidia's market cap skyrockets: Surpasses Meta's record with $277 billion gain

Nvidia's market cap skyrockets: Surpasses Meta's record with $277 billion gain

Sharad Pawar faction of NCP gets 'man blowing turha' as party symbol

Sharad Pawar faction of NCP gets 'man blowing turha' as party symbol

Haryana Police slaps National Security Act on protesting farmers

Haryana Police slaps National Security Act on protesting farmers

SRH’s Abhishek Sharma to be questioned by cops investigating model Tania Singh’s death

SRH’s Abhishek Sharma to be questioned by cops investigating model Tania Singh’s death

Gautam Adani's wealth crosses $70 billion as share market rallies after BJP wins 3 states

Gautam Adani has become the 16th richest person in the world as his group's shares rally taking his total wealth beyond $70 billion

Gautam Adani's wealth crosses $70 billion as share market rallies after BJP wins 3 states

Market rally: Adani's wealth has gone past the $70 billion mark due to the ongoing rally in Adani group shares. This comes in line with the market's gains following BJP's win in the three states election.

Adani gets richer

With this Adani is now the 16 richest person in the World, as per Bloomberg Billionaire index. On Monday, Gautam Adani saw an increase in his wealth by $4.41 billion. On Tuesday during the early trade the group shares soared up to 14%.

Also Read: US finds Hindenburg report irrelevant for granting funds to Adani Ports: Report

On Tuesday, shares of Adani Green Energy Ltd soared 14%, followed by Adani Enterprises Ltd (up 8.2%), Adani Ports (up 7.3%) and New Delhi Television Ltd (up 5.7%). Others group stocks such as as Adani Power Ltd, Adani Total Gas Ltd, Adani Wilmar Ltd, Adani Energy Solutions Ltd, Ambuja Cements and ACC advanced 4-6%

Investors gain confidence

Experts have mentioned that the result has boosted investor confidence on hopes of the Narendra Modi-led BJP will retain power in general elections next year. The investors believe this could ease uncertainty over political stability.

Elara Securities believe the state elections results would ease market concerns about policy instability and shake-up in policy priorities of the BJP at the Centre in terms of Atmanirbhar Bharat, infrastructure spending, defence indigenisation and energy transition


Up Next

Gautam Adani's wealth crosses $70 billion as share market rallies after BJP wins 3 states

Gautam Adani's wealth crosses $70 billion as share market rallies after BJP wins 3 states

Nvidia's market cap skyrockets: Surpasses Meta's record with $277 billion gain

Nvidia's market cap skyrockets: Surpasses Meta's record with $277 billion gain

ED raids at Hiranandani Group's premises in and around Mumbai over FEMA violations: Report

ED raids at Hiranandani Group's premises in and around Mumbai over FEMA violations: Report

Nvidia surges over 15% after Q4 revenues soars, up 265% year on year

Nvidia surges over 15% after Q4 revenues soars, up 265% year on year

RBI Monetary Policy Committee meet minutes reveal continued focus on bringing inflation down

RBI Monetary Policy Committee meet minutes reveal continued focus on bringing inflation down

Nvidia's quarterly revenue beats estimates, rockets 265%, fueled by AI boom

Nvidia's quarterly revenue beats estimates, rockets 265%, fueled by AI boom

More videos

Ikea announces closure of Mumbai's R city mall store by mid-2024

Ikea announces closure of Mumbai's R city mall store by mid-2024

Grasim launched paint business Birla Opus; eyes ₹10,000 cr revenue, profitability in 3 years

Grasim launched paint business Birla Opus; eyes ₹10,000 cr revenue, profitability in 3 years

PM Modi attends Amul's Golden Jubilee, says Amul should become world's largest dairy brand

PM Modi attends Amul's Golden Jubilee, says Amul should become world's largest dairy brand

Byju's Crisis: ED issues look out circular for Byju Raveendran ahead of investor meet on Friday

Byju's Crisis: ED issues look out circular for Byju Raveendran ahead of investor meet on Friday

India set to surpass Japan and Germany to become world's third-largest economy by 2027: Jefferies

India set to surpass Japan and Germany to become world's third-largest economy by 2027: Jefferies

China tightens stock market control, bans net selling by institutions

China tightens stock market control, bans net selling by institutions

Watch: parents remove TV from Byju's office over delay in refund

Watch: parents remove TV from Byju's office over delay in refund

Gold, Silver Price Today February 22, 2024: Check Latest Rates in Mumbai, Delhi, Chennai, Bengaluru

Gold, Silver Price Today February 22, 2024: Check Latest Rates in Mumbai, Delhi, Chennai, Bengaluru

Gold, Silver Price Today February 21, 2024: Check Latest Rates in Mumbai, Delhi, Chennai, Bengaluru

Gold, Silver Price Today February 21, 2024: Check Latest Rates in Mumbai, Delhi, Chennai, Bengaluru

Indian government opens doors to 100% FDI in space sector

Indian government opens doors to 100% FDI in space sector

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.