#sensex #nifty #markettoday #marketupdate #sharemarket 
Benchmark Indices opens in green, Tech Mahindra, ONGC, and Apollo Hospitals gain, while BPCL sheds. IT and Metal lead the rally with all sectoral indices trading in the green. MSCI has postpones the weight reduction of select Adani Group companies to May. Reports have suggested that the MSCI had reduced the weightage of Adani Gas & Adani Transmission, both of these stocks are trading in red, while the other Adani group stocks like Adani Enterprise, Adani ports, Adani Wilmar, Adani Green are trading In green. Catch Sakshi Batra with Kranthi Bathini, Director Research,  WealthMills Securities decoding the Market rally.
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#MARKETTODAY | Nifty Close To Pre-Hindenburg Crash Levels; Now Marching Towards New High?

An Indian Oil spokeswoman said on Thursday that the agreement with Adani was signed very recently and there was no commitment on capacity use

Indian Oil clarifies on Adani Gas deal after public scrutiny: Report

Adani Total Gas plunged 20 per cent to Rs 2,947.05, marginally shy from its lower circuit at Rs 2,934.55, before making a marginal recovery.

Adani Gas, Adani Green, Adani Power, Adani Transmission and other group stocks tank up to 20%

Stocks that were in focus include names like Tata Tele which was up by about 20 per cent, Adani Total Gas which closed with gains of over 6 per cent, and BLS International which rose nearly 14 per cent on Tuesday.

Big Movers on D-St: What should investors do with Tata Tele, Adani Gas and BLS International?

A total of 18,184 shares changed hands on the counter till 01:55PM (IST)

Share price of Adani Gas falls as Sensex drops 45.77 points

The Union ministry of petroleum and natural gas recently increased the allocation of domestic gas which certainly helped Adani Gas to cut the prices of PNG and CNG.

Govt allocation helps Adani Gas cut prices of PNG and CNG. Details here

A total of 16,181 shares changed hands on the counter till 02:06PM (IST).

Adani Gas share price down 1.8 per cent

The stock quoted a 52-week high price of Rs 2739.95 and low of Rs 772.95.

Adani Gas shares down 3.96% as Nifty falls

Markets opened on a flat note on Friday morning amid a sharp global selloff.

Sensex Ends 135 pts Lower, Nifty Below 15,300; Adani Gas Tanks 8%, Titan 6%

Adani Gas shares up 1.44% as Nifty falls

New city gas distribution (CGD) companies, specifically the ones who won bidding rounds-IX, X and XI, include Adani Total Gas, Torrent Gas, Indian Oil-Adani Gas, Gail Gas, Indraprastha Gas, Unison Enviro Pvt Ltd, AG&P and Think Gas.

No gas for new city distributors to start

Hasn't faired well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Adani Gas is in the business of developing  city gas distribution networks to supply piped natural gas to the industrial, commercial, domestic and compressed natural gas to the transportation sector