{"id":323964,"date":"2023-05-23T06:14:00","date_gmt":"2023-05-23T06:14:00","guid":{"rendered":"https:\/\/haftavasool.com\/haftavasool\/blog\/2023\/05\/23\/adani-group-it-stocks-lift-markets-amid-focus-on-us-debt-ceiling-talks\/"},"modified":"2023-05-23T06:14:00","modified_gmt":"2023-05-23T06:14:00","slug":"adani-group-it-stocks-lift-markets-amid-focus-on-us-debt-ceiling-talks","status":"publish","type":"post","link":"https:\/\/haftavasool.com\/haftavasool\/blog\/2023\/05\/23\/adani-group-it-stocks-lift-markets-amid-focus-on-us-debt-ceiling-talks\/","title":{"rendered":"Adani Group, IT Stocks Lift Markets Amid Focus On US Debt Ceiling Talks"},"content":{"rendered":"<p> [ad_1]<br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/c.ndtvimg.com\/2023-02\/57jep1e8_bse-sensex-stock-market_625x300_02_February_23.jpg\" \/><\/p>\n<div itemprop=\"articleBody\" id=\"ins_storybody\"><!-- \n\n<div itemprop=\"articleBody\" class=\"sp-cn ins_storybody\" id=\"ins_storybody\">--><\/p>\n<div class=\"ins_instory_dv\"><span itemprop=\"video\" itemscope=\"\" itemtype=\"https:\/\/schema.org\/VideoObject\"><meta itemprop=\"headline\" content=\"Markets Gain, Adani Group Stocks Surge\"\/><meta itemprop=\"name\" content=\"Markets Gain, Adani Group Stocks Surge\"\/><meta itemprop=\"description\" content=\"Markets Gain, Adani Group Stocks Surge\"\/><meta itemprop=\"thumbnailUrl\" content=\"https:\/\/c.ndtvimg.com\/2023-02\/57jep1e8_bse-sensex-stock-market_625x300_02_February_23.jpg\"\/><meta itemprop=\"uploadDate\" content=\"2023-05-23T11:44:46+05:30\"\/><meta itemprop=\"embedUrl\" content=\"https:\/\/www.ndtv.com\/video\/embed-player\/?id=701491&amp;category=embed&amp;autostart=1&amp;pWidth=650&amp;pHeight=403&amp;embed_type=story&amp;mute=1&amp;autostart=1&amp;mutestart=true&amp;ctitle=1&amp;miniplayer=1&amp;cache=2022\"\/><meta itemprop=\"ContentUrl\" content=\"https:\/\/ndtvod.pc.cdn.bitgravity.com\/23372\/ndtv\/23052023_n_AdaniGroupStock_59403_28364_320.mp4\"\/><meta itemprop=\"duration\" content=\"T1M09S\"\/><\/span><\/p>\n<p><iframe id=\"videoembed\" class=\"videembedload\" src=\"https:\/\/c.ndtvimg.com\/2023-02\/57jep1e8_bse-sensex-stock-market_625x300_02_February_23.jpg?im=FeatureCrop,algorithm=dnn,width=650,height=400\" data-src=\"https:\/\/www.ndtv.com\/video\/embed-player\/?id=701491&amp;category=embed&amp;autostart=1&amp;pWidth=650&amp;pHeight=403&amp;embed_type=story&amp;mute=1&amp;autostart=1&amp;mutestart=true&amp;ctitle=1&amp;miniplayer=1&amp;cache=2022\" scrolling=\"no\" frameborder=\"0\" allowtransparency=\"true\" style=\"border:none; overflow:hidden; width:100%; height:403px; padding-bottom: 0px;padding-left:0px;\"><\/iframe><\/p>\n<p class=\"ins_instory_dv_caption sp_b\">Debt ceiling talks in the US are affecting markets globally. (Representational)<\/p>\n<\/div>\n<p><b class=\"place_cont\">Bengaluru: <\/b><\/p>\n<p>Indian shares advanced on Tuesday, powered by information technology and Adani group of stocks, even as markets kept an eye on the US debt ceiling talks.<\/p>\n<p>The blue-chip Nifty 50 index was up 0.41% at 18,391.50 as of 10:08 a.m. IST, while the benchmark S&amp;P BSE Sensex rose 0.33% to 62,165.70.<\/p>\n<p>Ten of the 13 major sectoral indexes advanced, with the metal index jumping nearly 3%. Adani Enterprises Ltd, which has a weightage of 17% in the metal index, jumped over 12% and was the top Nifty 50 gainer.<\/p>\n<p>All the Adani group stocks surged between 2% and 13%, and extended gains after markets regulator Securities and Exchange Board of India (SEBI) found no conclusive evidence after a probe into suspected violations in overseas investments in the group.<\/p>\n<p>The Supreme Court&#8217;s expert panel has ruled out a regulatory failure around the allegation of price manipulation.<\/p>\n<p>&#8220;The high integrity of the members of the panel must have given confidence to investors to buy the beaten down (Adani) stocks,&#8221; said VK Vijayakumar, chief investment strategist at Geojit Financial Services.<\/p>\n<p>Bharat Petroleum Corporation Ltd rose over 2% and was among the top Nifty 50 gainers. The oil refiner reported a rise in fourth-quarter net profit, post-market hours on Monday.<\/p>\n<p>High-weightage IT stocks rose nearly 1%. A report from credit ratings provider S&amp;P Global Ratings, on Monday, said Indian IT companies have the resilience to downside risks due to strong balance sheets, high recurring cash flows, and execution track record.<\/p>\n<p>While the debt ceiling talks in the U.S. did not yield an agreement on Monday, both US President Joe Biden and House Republican Speaker Kevin McCarthy vowed to continue negotiations.<\/p>\n<p>Asian markets advanced on hints of progress in U.S. debt ceiling talks and strong macroeconomic data from Japan.<\/p>\n<p><i>(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)<\/i><\/p>\n<p><i>(Disclaimer: New Delhi Television is a subsidiary of AMG Media Networks Limited, an Adani Group Company.)<\/i><\/p>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.ndtv.com\/business\/adani-group-it-stocks-lift-indian-markets-amid-us-debt-caution-4058185\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Debt ceiling talks in the US are affecting markets globally. (Representational) Bengaluru: Indian shares advanced on Tuesday, powered by information technology and Adani group of stocks, even as markets kept an eye on the US debt ceiling talks. The blue-chip Nifty 50 index was up 0.41% at 18,391.50 as of 10:08 a.m. IST, while [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":323965,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[4357,18635,1888],"_links":{"self":[{"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/posts\/323964"}],"collection":[{"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/comments?post=323964"}],"version-history":[{"count":0,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/posts\/323964\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/media\/323965"}],"wp:attachment":[{"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/media?parent=323964"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/categories?post=323964"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/tags?post=323964"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}