The survey was commissioned by Skoda Auto India and conducted by NIQ BASES. In other news – A study was recently conducted in India in which the customers were polled to determine their preferences for features while picking a personal car. GQG, which had in March bought shares in four Adani group companies worth USD 1.87 billion and in May increased the stake by USD 400-500 million, is said to be one of the investors buying shares in block deal on Wednesday. Sources aware of the matter said that the group’s flagship Adani Enterprises Ltd saw 18 million shares, or 1.6 per cent, trade in a single block while the renewable energy firm Adani Green Energy saw a total 35.2 million shares, or 2.2 per cent, change hands. Moving on – US-based boutique investment firm GQG Partners and other investors have bought close to USD 1 billion worth of stocks in Adani group‘s two firms from the founding family in large block trades. Over the past three months, the index has surged over 2,000 points and maintained its upward momentum from the low of 16,828 it hit earlier this year, surging 12.4%. Year to date, Nifty 50 has risen around 800 points from 18,197 to achieve this level. Sensex hit an all-time high of 64,012.16 as well after hitting a high last week at 63,601.71. Nifty 50 took 142 trading sessions to achieve the record. Let’s begin with the share market – Benchmark index Nifty 50 hit a fresh all-time high of 19,003.20 on Wednesday, surpassing the 18,887.6 level the benchmark index hit on 1 December, 2022.
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