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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.
Adani flagship seeks $1 billion via placement, terms show
Adani Enterprises Ltd. is seeking to raise as much as 100 billion rupees ($1 billion) through a sale of shares to institutional investors as the ports-to-power conglomerate led by billionaire Gautam Adani overcomes legal challenges in the US.
India can become net aluminium exporter with competitive production, says Karan Adani
India can become a major aluminium exporter if production costs are competitive, according to Karan Adani. Despite existing capacity, the nation imports the metal, indicating strong domestic demand. Adani Group plans a massive integrated aluminium project in Odisha, committing $11.5 billion to establish a refinery, smelter, and downstream park, aiming to bridge the supply-demand gap and create over 53,000 jobs.
Adani, IRH to invest ₹1.08 lakh crore in Odisha for massive aluminium project
Under the agreement, Adani Enterprises and IRH will form a 50:50 joint venture to execute the project, which will be developed in two phases with investments of ₹66,000 crore and ₹44,000 crore, respectively.
Stocks to Watch for July 3: Adani Enterprises, Marico, Punjab National Bank and more
From Adani Enterprises launching QIP to PNB's global business rising 10.32% year-on-year; here are some stocks to track ahead of Friday trading session.
Adani Enterprises launches QIP, sets floor price at Rs 3,034.68 per share
Adani Enterprises launched its qualified institutional placement to raise funds from institutional investors, fixing a floor price of Rs 3,034.68 per share. The issue follows board and shareholder approvals, with pricing to be finalised in consultation with lead managers.
India, UAE groups ink pact for $11.5 billion Indian aluminium project
India's Adani Group and Abu Dhabi's International Holding Company are looking to invest $11.5 billion in a massive aluminum project in the eastern state of Odisha, the Indian conglomerate said on Thursday. The two parties signed a memorandum of understanding with the Odisha state government, Adani said in a statement, with the proposed investment set to be India's "largest foreign direct investment in the metallurgy sector".
Adani Enterprises launches ₹10,000 crore QIP; indicative price at ₹2,883 per share
Shares of Adani Enterprises Ltd ended at ₹3,178.20, up by ₹34.95, or 1.11%, on the BSE.
Adani takes on Birla, Vedanta with $11.5 billion aluminium bet
The proposed 2 mtpa plant in Odisha would also help India reduce its reliance on imported aluminium, a light-weight metal that is increasingly used in electric vehicles
Adani Energy Solutions Ltd gains for third straight session
Adani Energy Solutions Ltd is quoting at Rs 1541.8, up 1.34% on the day as on 12:49 IST on the NSE. The stock is up 76.16% in last one year as compared to a 5.02% slide in NIFTY and a 9.03% slide in the Nifty Energy index.
Adani Enterprises Partners With Abu Dhabi's IHC For $11.5 Billion Aluminium Project In Odisha
Karan Adani, Managing Director of Adani Ports & SEZ Ltd (APSEZ)
Adani Enterprises, Odisha govt sign pact for Rs 1.08 lakh crore aluminium plant with IHC
Adani Enterprises is set to invest a massive Rs 1.08 lakh crore in Odisha for a new greenfield aluminium project, in partnership with Abu Dhabi's IHC. This significant venture aims to boost India's aluminium production by nearly 50%, featuring a large-scale refinery, smelter, and downstream park. The project, supported by substantial power generation, is expected to create over 50,000 jobs, marking a major FDI in India's metal sector.