Gautam Adani earns $5.6 billion in one day, record stock market gains from election results

Gautam Adani’s Wealth: The Indian stock market saw record gains after the BJP’s landslide victory in the assembly elections in three states. On Monday, the Bombay Stock Exchange (BSE) Sensex closed at 68,865 points with a jump of 1384 points and the National Stock Exchange (NSE) Nifty closed at 20,686 points with a jump of 419 points. Adani Group Chairman Gautam Adani’s wealth has increased by $5.6 billion a day during this period.

Investors received Rs 5.83 lakh crore from the election results

The election results on Sunday also brought good news in the Sensex and Nifty, with investor wealth rising by Rs 5.83 lakh crore to Rs 343.51 lakh crore by evening. During the previous session, the market cap was Rs 337.67 lakh crore.

Also relief from Supreme Court in Hindenburg case

Relief from the Supreme Court in the Hindenburg case and election results benefited Adani the most. Shares of all 10 Adani Group companies rose sharply on Monday. Shares of group flagship Adani Enterprises rose 6.78 percent to close at Rs 2,523. Adani Green Energy gained 9.40 percent. Shares of Adani Energy, Adani Port and Adani Power also gained more than 5 percent.

The biggest loss came after the Hindenburg Report.

January 24 this year turned out to be the worst day for the Adani Group. US company Hindenburg Research published a report just before the Adani Group’s FPO. In it several allegations were made against the Adani Group. From the very next day, the shares of Adani Group began to fall sharply. Adani Group suffered heavy losses due to the fall for several days. Due to the report, the Adani Group’s value fell by lakhs of crores of rupees. Gautam Adani lost the title of second richest man in the world and Indian investors lost crores of rupees. Gautam Adani is ranked 20th in the Bloomberg Billionaires Index with a net worth of $65.8 billion.

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