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Adani Enterprises QIP gets nearly 4x bids, successfully raises Rs 15,000 crore
Adani Enterprises successfully raised ₹15,000 crore through a qualified institutional placement, attracting significant interest from both foreign investors like Capital Group and Goldman Sachs, and domestic mutual funds. The issue was oversubscribed nearly four times, with the funds earmarked for capital expenditure, debt repayment, and strategic growth initiatives. This successful fundraising underscores strong investor confidence in the company's expansion plans.
Stocks in news: Marico, Adani Enterprises, Tata Motors PV, PB Fintech, PNB
Indian markets saw a second day of gains, with the Nifty reclaiming its 100-day moving average, signaling a bullish trend. Key companies like Marico, Tata Motors PV, and Adani Enterprises are in focus due to strong Q1 updates and fundraising plans. PNB and Bank of India reported significant credit growth, while HDFC Bank is enhancing its AI and fraud detection capabilities.
Market Pulse: Key triggers to watch ahead of the July 3 trading session
Market Pulse July 3: Global cues remain supportive as US stocks traded higher after weaker-than-expected jobs data reinforced hopes of a prolonged pause in Federal Reserve rate hikes. Domestically, investors will track Adani Enterprises’ ₹10,000-crore QIP launch and developments in energy markets after the government ruled out an immediate fuel price cut. Technically, Nifty’s close above its 100-day moving average has improved sentiment, with analysts seeing scope for a move towards 24,300-24,500, while 24,000 remains a key support level.
Tech-Led global selloff, Fed rate fears weigh on Indian equities
Indian stock markets experienced their sharpest single-day drop in nearly a month, mirroring a global tech sell-off. The Nifty 50 and BSE Sensex both fell significantly, influenced by a strong US dollar and profit-taking after recent gains. While pharma and healthcare sectors showed resilience, most others, including metals and IT, declined. Market volatility increased, with analysts watching key support levels closely.
Metal companies' hot run comes to an end as West Asia cools off
Metal stocks experienced a significant downturn Tuesday, with the Nifty Metal index dropping 3.2% as falling commodity prices, domestic economic slowdown fears, and anticipated US Federal Reserve rate hikes impacted investor confidence. Vedanta led the decline. Analysts suggest a cautious approach, advising a wait-and-watch strategy before re-entering the sector amidst these headwinds.
Monarch Networth says Nifty can hit 28,000 in 2026, picks three top stocks
Monarch Networth Capital expects Nifty to reach 27,000-28,000 in 2026, driven by earnings recovery, capex growth and lower interest rates. The brokerage favours banking, telecom and IT sectors, while seeing opportunities in select midcap and smallcap stocks including SBI, HFCL and Hindustan Copper.
Explained - Why Jefferies is not worried about expensive steel stocks
Jefferies continues to prefer JSW Steel within the sector and retained it as its top pick. The brokerage expects JSW Steel's EBITDA and earnings per share (EPS) to grow at a compound annual growth rate of 35% and 65%, respectively, between FY26 and FY28.
Adani Energy Hits 52-Week High As Jefferies Highlights Rs 1.5 Lakh Crore Opportunity — Check Target Price
The brokerage expects Adani Energy's EBITDA to grow at a 27% compound annual growth rate (CAGR) between FY26 and FY30, more than double the pace expected for Power Grid Corporation.
Two Adani Group stocks in focus as GQG sells stake in Rs 5,750 crore deal; SBI MF lone buyer
Adani Enterprises and Adani Energy Solutions will be in focus after GQG Partners sold stakes worth about Rs 5,750 crore via block deals, with SBI Mutual Fund buying the shares. The move is seen as portfolio rebalancing following a strong recovery in Adani Group stocks over the past year.
SBI MF acquires stakes in Adani Enterprises, Adani Energy Solutions from GQG for Rs 5,748 crore
SBI Mutual Fund acquired stakes in Adani Enterprises and Adani Energy Solutions from GQG Partners through open market transactions worth a combined Rs 5,747.54 crore on 5 June 2026.
SBI Mutual Fund buys stakes in 2 Adani group firms for ₹5,747 cr
SBI Mutual Fund on Friday bought stakes in Adani Enterprises and Adani Energy Solutions from US-based GQG Partners for Rs 5,747 crore through open market transactions. SBI Mutual Fund purchased 1,64,39,984 shares representing nearly a 1.3 per cent stake in Adani Enterprises, the flagship entity of the Adani Group, according to block deal data on the National Stock Exchange (NSE). In addition, SBI MF also acquired 63,65,796 shares, amounting to a 0.52 per cent stake in Adani Energy Solutions. The shares were picked up in the price range of Rs 1,504.80-2,913.40 apiece, taking the combined transaction value to Rs 5,747.55 crore. Meanwhile, Rajiv Jain-backed GQG Partners, through its affiliate GQG Partners Emerging Markets Equity Fund, offloaded the same number of shares in the two Adani group companies. The stake buy comes after SBI Mutual Fund last month acquired a 0.45 per cent stake in Adani's flagship firm Adani Enterprises, for Rs 1,435 crore. Shares of Adani Enterprises rose 2
Rs 5,750 crore Adani block deal: SBI Mutual Fund picks stake from GQG
GQG Partners sold stakes in Adani Enterprises and Adani Energy Solutions worth about Rs 5,750 crore through block deals, with SBI Mutual Fund acquiring the shares. The transactions are seen as portfolio rebalancing after a strong recovery in Adani Group stocks over the past year.