Adani stocks dodge drop in Sensex, gain ahead of MSCI rebalancing

Adani Total Gas and Adani Transmission rose 1.5% and 2.9%, while Adani Enterprises ended little changed; Sensex dropped 0.7%

Adani group stocks bucked the fall in the market on Tuesday. Adani Total Gas and Adani Transmission rose 1.5 per cent and 2.9 per cent, respectively, while Adani Enterprises ended little changed. The Sensex, in comparison, dropped 0.7 per cent.

The gain in Adani group shares comes ahead of the MSCI semi-annual review slated for Wednesday. Most analysts are pegging the three Adani group stocks to get added to the index.

“Our high conviction inclusion names are: Adani Enterprise (approximate inflows of $245 million), Adani Total Gas ($225 million), Adani Transmission ($220 million) while our medium to high conviction inclusion