Winning Bizness Desk

Mumbai. Indian indices witnessed a positive start on Tuesday amid mixed global trends. Global sentiments were uplifted after world's richest person Elon Musk clinched a deal to buy social media platform Twitter. The deal provided a boost to Wall Street as the indices reversed losses to end a volatile session higher. However, caution still prevails around the globe as renewed concerns over interest rate hikes, China's sputtering economy, and high commodity prices continue to spoil investors' mood. Oil prices took a hit, along with stocks in Europe, over concerns of Covid-19 outbreak in China, while Asian equities were mixed in early trade on Tuesday. Shares rose in Japan, South Korea, Shanghai, and Hong Kong, while that in Australia retreated.

Adani Power's market cap crosses Rs 1 lakh crore

Adani Power has become the sixth such company of the Adani Group whose market cap has crossed Rs 1 lakh crore. Today i.e. in Monday's trading, this stock has reached an all time high at Rs 270.80. So far this year, this stock has run more than 165%, while this month this stock has seen a rise of 46%. Prior to this, Adani Gran Energy, Adani Transmission, Adani Total Gas, Adani Ports and Special Economic Zone Limited have been the Adani Group companies that have achieved a milestone of Rs 1 lakh crore market cap.