Adani Power Share : Adani Power shares rose nearly 8 percent on Monday after the Adani Group received a long-term contract to supply 6,600 MW of renewable and thermal power in Maharashtra. The group's bid of Rs 4.08 per unit for the contract outperformed companies such as JSW Energy and Torrent Power. Adani Power shares rose 7.53 percent to Rs 681.30 on the BSE. On the NSE, it was trading 7.59 percent higher at Rs 681.55.

Adani Green Energy Share

Similarly, Adani Green Energy's stock also rose 7.39 percent to Rs 1,920 on the BSE. On the NSE, it was up 7.25 percent at Rs 1,918. Two sources with direct knowledge of the matter said that Adani Power's bid for supplying renewable and thermal energy for 25 years is about one rupee lower than the rate at which Maharashtra is currently buying electricity. This will help meet the future power requirements of the state. The supply will start in 48 months from the date of giving the letter of intent.

These stocks rose in early trade.

Amid buying by foreign funds and a rise in US markets, the major stock indices returned to a rally in early trade on Monday and Nifty made a new record. During this, the 30-share BSE Sensex rose 180.92 points to reach 83,071.86. The NSE Nifty rose 55.1 points to reach 25,411.60. Later, the Nifty jumped 89.2 points to reach a new record level of 25,445.70. Sensex

Among the companies, NTPC, Axis Bank, Tata Steel, JSW Steel, Kotak Mahindra Bank, Bajaj Finserv, Larsen & Toubro, and Bajaj Finance were the top gainers. On the other hand, Hindustan Unilever, Nestle, ICICI Bank, and Tata Consultancy Services were in the red. According to stock market data, foreign institutional investors (FIIs) bought shares worth Rs 2,364.82 crore on Friday. Global oil benchmark Brent crude was trading 0.07 percent higher at USD 71.66 a barrel.