While Adani Power’s ongoing bullish trend is facing a minor hurdle at the Rs 400 mark, the bias remains highly optimistic as log as the support of Rs 350 is decisively negated.
The Delhi High Court has asked for a response from Reliance Industries and others regarding the government s appeal accusing the conglomerate of committing fraud and unjust enrichment of over $1.729 billion by siphoning gas from deposits they were not authorized to exploit. The government argues that Reliance knew about the connectivity of its block with that of ONGC s block and deliberately extracted and sold gas without permission.
Domestic equity benchmarks the Sensex and the Nifty are up over 3 per cent in September so far, but analysts warn that the rally may not be sustained due to unsupportive fundamentals.
Reliance Industries, owned by Mukesh Ambani, has partnered with Nvidia to develop an indigenous large language model tailored for generative AI applications in India. Nvidia will assist Reliance in building AI infrastructure by providing access to its superchip and cloud services. Reliance aims to leverage Nvidia s AI infrastructure to develop AI applications and services