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Shares of Adani Power rose on Tuesday, extending a weekly gain of 13% and hitting a four-month high. The rally is driven by strong technical momentum, rising summer power demand expectations, and a 1,600 MW thermal power supply order from Maharashtra State Electricity Distribution Company.
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The stock has now declined over 19% in just two sessions and is nearing its 52-week low of Rs 72 per share. Its market capitalisation stands at around Rs 80,224 crore, down sharply from Rs 99,116 crore on Friday.
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Indian stock markets, including the Sensex and Nifty, initially surged on hopes of the Strait of Hormuz reopening. However, gains were largely erased by mid-morning, with IT stocks experiencing significant declines. While some sectors like Pharma and Auto saw modest gains, the overall market traded near flat.
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Global stock markets are experiencing extreme volatility due to geopolitical tensions, particularly the conflict involving Iran impacting oil supplies. Despite sharp downturns, historical data suggests long-term investors benefit from patience, as major indices have consistently recovered and reached new highs after crises. Maintaining an investment strategy aligned with long-term goals is crucial, even amidst uncertainty.
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Gold and silver prices moved up on March 17, 2026, as escalating Middle East tensions boosted safe-haven demand and kept oil prices elevated. Analysts expect continued volatility driven by global cues, including dollar movement and Fed policy. Traders are advised to remain cautious, while long-term investors may consider accumulating on dips.
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