Stock market surges, Delhi Assembly elections, Adani Group & more

Today, the BSE Sensex jumped over 2,000 points intraday, with the Nifty 50 crossing 23,900, driven by strong US labour data, financial stock gains, and a recovery in Adani Group stocks after Thursday’s sharp fall. AAP Chief Arvind Kejriwal announced the ‘Revdi par charcha’ campaign ahead of the Delhi Assembly elections. Among the seven freebies he promised are electricity, water, education, treatment at mohalla clinics, bus travel for women, a pilgrimage scheme for the elderly, and monthly Rs 1,000 assistance for women. India struggled in the first Test against Australia in Perth, bowled out for 150 despite efforts by debutants Nitish Kumar Reddy and Harshit Rana. Jasprit Bumrah’s 4/17 helped reduce Australia to 67/7 at stumps. According to a Bloomberg report, Sebi is examining whether the Adani Group violated disclosure norms by failing to share critical market-sensitive information.