Markets took a breather last week, providing some respite to investors, who were long waiting for a relief rally. Bellwether indices Sensex and Nifty closed the week in the green, gaining 0.6 per cent and 0.7 per cent, respectively. The $1.87-billion investment by GQG Partners this week in Adani group stocks -- Adani Enterprises, Adani Ports and Special Economic Zone (APSEZ), Adani Transmission and Adani Green Energy, helped reinstate faith in the group’s ability to raise funds and, thus, triggered the rally in Adani group stocks. Four of the Adani group companies’ stocks featured in the top five gainers’ list. Post the Hindenburg report, the stock price corrected from its September 2022 peak price of Rs 972 apiece to Rs 462.

Source: The Hindu March 06, 2023 01:07 UTC