Amid high volatility, rising forecasts and the recent second rate increase by the Reserve Bank Of India (RBI), the Indian Equity markets saw a sharp correction on Friday. The BSESensexfell by 1,016.34 points to close at 54,303.44. However, despite the sharp correction, some ofGujaratcompanies shone, with their market capitalization rising by Rs 3.51 lakh crore from the peak of October 19, 2021.
Adani Group companies including Adani Enterprises Limited,Adani Power, Adani Green Energy and Adani Total Gas along with Gujarat Fluorochemicals Limited were among the companies which posted the highest Growth in market capitalization. Among the others which performed well were the PSUs GNFC, GSFC, GMDC, andAIA Engineering.