Business

Adani Stocks Soar Despite WSJ Report; Market Overlooks Allegations in Light of Group’s Resilience

Published

8 months ago

June 6, 2025

On Tuesday, investors largely shrugged off a recent Wall Street Journal (WSJ) report concerning new scrutiny over Adani’s potential violations of Iran sanctions. Adani Group stocks remained resilient, with the group’s market capitalization decreasing only 1.8%, compared to a 0.7% dip in the broader Nifty index. Notably, Adani Enterprises experienced a 1.9% drop, while ACC fell by just 0.3%.

The Adani Group quickly labeled the report as “baseless and mischievous.” Analysts believe the market is increasingly dismissing such pressures, interpreting them as targeted efforts against Adani’s vital role in India’s energy security.

Despite ongoing negative coverage from global media, short-sellers, and regulatory bodies, Adani’s performance and investment strategies seem unaffected. The group continues to generate interest from global investors.

Over the past two years, the Adani Group has recorded over 25% profit growth and invested ₹1.75 lakh crore (approximately $21 billion), all while managing market volatility. This expansion has coincided with a significant reduction in debt, resulting in a low net debt to EBITDA ratio of 2.5x—among the best in the infrastructure sector globally.

Previous challenges, including the January 2023 Hindenburg Research report and a November 2024 indictment from the US Department of Justice, failed to impede the group’s momentum.

It’s worth noting that WSJ reporter Ben Foldy has shown interest in writing a book about Hindenburg Research, which has previously targeted companies in the green energy sector, including Adani.

The market’s enduring confidence in Adani reflects its solid fundamentals, critical role in India’s economy, and demonstrated ability to navigate external obstacles.

Business

Gold Prices Decline Slightly on January 16

Published

3 days ago

January 16, 2026

Namma Kudla

Gold prices witnessed a mild decline in the domestic bullion market on January 16, 2026. The price of 24-carat gold was recorded at ₹143,080 per 10 grams. This marked a fall of ₹360 compared to its previous closing price, indicating a soft trend in the precious metal market.

Similarly, the price of 22-carat gold also moved lower. It was trading at ₹131,157 per 10 grams during the day. The decline in gold prices reflects cautious sentiment among investors amid changing global economic signals.

Market experts said gold prices were affected by fluctuations in international markets and movements in the US dollar. Profit booking by investors at higher levels also contributed to the marginal drop in prices.

Despite the decline, demand for gold remains steady in the domestic market. Jewellers reported moderate buying interest, especially for 22-carat gold used in jewellery. Industry participants are now closely watching global inflation data, interest rate trends, and geopolitical developments.

Gold prices are expected to remain volatile in the coming days. Investors are advised to keep an eye on global cues and currency movements before making fresh investments.

Business

Silver Crashes ₹12,500 to ₹2.43 Lakh per kg; Gold Declines ₹900

Published

1 week ago

January 9, 2026

Namma Kudla

Silver prices fell sharply from record levels in the national capital on Thursday due to global profit-booking. The price of silver dropped by ₹12,500 to ₹2,43,500 per kilogram.

According to the All India Sarafa Association, the white metal had touched a record high of ₹2,56,000 per kilogram in the previous trading session on Wednesday. Silver had surged by ₹5,000 in that session amid strong global cues.

Gold prices also weakened on Thursday. The yellow metal declined by ₹900 per 10 grams in the local market. Traders attributed the fall to selling pressure after recent gains.

Market experts said that a rise in global prices earlier had encouraged investors to book profits. This selling pressure impacted both silver and gold prices in the domestic market.

They added that movements in international bullion prices and a stronger dollar also influenced the decline. Investors are now closely watching global economic signals for further direction in precious metal prices.

Business

India Should Boost Silver Processing, Diversify Imports

Published

2 weeks ago

January 7, 2026

Namma Kudla

India should strengthen its silver processing capabilities and diversify its import sources, according to the Global Trade Research Initiative (GTRI).GTRI said silver is not just a precious metal. It is also a critical input for industries and the clean energy transition.

The report highlighted the growing importance of silver in sectors such as electronics, solar energy, electric vehicles, and advanced manufacturing. GTRI said India should secure long-term mining supplies from overseas to ensure a stable flow of raw silver.

It also recommended boosting domestic refining capacity to reduce dependence on imported finished silver. The think tank stressed the need to expand silver recycling within the country to meet rising demand.

GTRI warned that heavy reliance on a few countries for processed silver could pose supply risks. It noted that China is currently the world’s dominant processor of silver. The report advised India to diversify its import sources to improve supply security and reduce vulnerability to global disruptions.

GTRI said these measures would support India’s industrial growth and energy transition goals.