Bull run on Dalal Street continues for Reliance, Adani Group companies

The combined m-cap of the six Adani Group companies is up 39 per cent year-to-date to Rs 13.38 trillion on Thursday

The post-Covid bull run on Dalal Street has ended with sharp decline in the broader market in the past few months. The benchmark BSE Sensex is down nearly 9 per cent since the beginning of the current calendar year (2022, or CY22) and nearly 15 per cent from its all-time high in October last year.

The bull run, however, continues unabated for two of India’s biggest family-owned business groups — Mukesh Ambani and Adani. The flagship companies of these two business groups continue to see a rise in their share price and market capitalisation (m-cap), even as the rest of