Among others, ACC, Adani Ports, Adani Wilmar, Ambuja Cement, NDTV and Sanghi Industries gained in the range of 1-3%. The group flagship Adani Enterprises rose over 4% in intraday trade.
Here are key reasons behind rally in Adani group stocks:
The rally in Adani Green Energy,
Few investors saw it coming. After spending most of the year circling the drain, Beyond Meat suddenly roared back to life last week, climbing more than 5x from its October lows.
At one point, the stock traded below $1, a price level that had many wondering if bankruptcy was next. Then came an eruption of retail enthusiasm that sent shares briefly rocketing toward $8.
In a surprising move revealed Tuesday, Nvidia (NVDA +4.98%) announced it was taking a $1 billion investment stake in Nokia (NOK +22.84%). The news pushed Nokia stock up 22.8% in the day’s trading and rocketed its market capitalization up to approximately $41.8 billion —
» Read more about: Nvidia Just Made a $1 Billion Bet on Nokia. Should Investors Follow Its Lead? »
Asian stock markets surged on Wednesday, matching record gains on Wall Street the previous day as investor confidence in AI tech and coming interest rate cuts in the United States reaches fever pitch.
The extended bull run comes ahead of a Wednesday afternoon announcement by the US Federal Reserve, which observers expect will unveil a quarter-percentage-point cut to lending rates.
» Read more about: Asia stocks join Wall Street records as tech bull run quickens »
The Federal Reserve is expected to cut interest rates by a quarter of a percentage point at its policy meeting on Wednesday, to a target range of 3.75%-4.00%. That would follow a quarter-point cut in September, the first reduction in the federal-funds rate this year.
Although the government shutdown,
» Read more about: Fed Is Likely to Cut Rates Again as ‘Insurance’ Against a Weakening Economy »
The Annual Percentage Yield (APY) is accurate as of 10/01/2025. The base and promotional interest rate and corresponding APY for Axos ONE® Checking is variable and is set at our discretion. The base and promotional interest rate and corresponding APY for Axos ONE® Savings is variable and is set at our discretion. Axos ONE® Savings is a tiered variable rate account.
“A slim majority of the committee felt these risks warranted at least 75bp of cuts this year. Without additional data, we think this group, which most likely includes Chair Powell, will want to follow through on the Sep dot plot. Some doves might even argue that a prolonged government shutdown amplifies downside risks to activity.”
However,
» Read more about: Dow Jones & Nasdaq 100 Futures Hold Firm as Fed and Earnings Collide »
SEOUL, Oct. 29 (Yonhap) — Stock investment-linked dividends paid from overseas to South Korean investors doubled in the first three quarters of the year from a year earlier, data showed Wednesday.
South Korean investors received US$1.75 billion in dividends in the January-September period, up 107.6 percent from the same period a year earlier,
» Read more about: Stock-related dividends from overseas double through Sept.: data »
SEBI has proposed major changes to the expense ratios charged by mutual funds — a move aimed at reducing costs for investors and improving transparency. Since expense ratios are deducted from a scheme’s Net Asset Value (NAV), any reduction directly supports long-term returns.
Lower transaction costs could boost returns
The regulator plans to sharply reduce the caps on brokerage expenses.
» Read more about: SEBI’s new mutual fund fee proposal: What it means for investors »
Since expense ratios are taken directly out of a scheme’s Net Asset Value (NAV), even a small cut in fees can make a noticeable difference to long-term returns. Lower costs mean more of an investor’s money stays invested and continues to grow over time, which is precisely what Sebi wants to encourage.
