As counting for the Bihar Assembly elections progresses, early trends indicate a sweeping majority for the ruling NDA alliance. Despite weakness in the broader market, Adani Group stocks registered strong gains, with two of the Group’s companies touching new 52-week highs.

Adani Stocks Rally Despite Market Decline

Even as the Sensex slipped over 400 points in early trade, Adani Group shares defied the downtrend. The momentum comes against the backdrop of election narratives, where the opposition repeatedly raised the “Adani issue,” alleging that 10 lakh trees and 1,050 acres of land in Bihar’s Pirpainti were allotted to Gautam Adani’s power project for just ₹1 per year.

Key Stock Movements

• Adani Power surged 1.5% to ₹156.
• Adani Enterprises, the Group’s flagship, climbed over 2% to ₹2,553.
• Adani Ports & SEZ jumped more than 1% to ₹1,523.45, marking a 52-week high.
• Adani Energy Solutions advanced past ₹1,050, also hitting a 52-week high.
• Adani Total Gas gained nearly 2%, trading at ₹635.10.

Broader Market Snapshot

Other Adani-related counters also saw positive action:

• NDTV rose 2% to ₹89.90.
• Ambuja Cements rallied more than 4.5% to ₹564.80.

Only ACC and Adani Green Energy saw declines.

Meanwhile, the BSE Sensex remained under pressure, trading 240 points lower at 84,238.66 by 1:20 PM. The weakness was attributed to negative cues from U.S. and Asian markets.

Conclusion

The contrasting market behaviour—sharp declines in benchmark indices versus a rally in Adani Group stocks—highlights how political trends and sector-specific sentiment can move markets independently. As the Bihar results firm up, investor focus remains divided between electoral developments and global economic cues.

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