Rs 53,000 crore loss as shares fall up to 7% after Hindenburg controversy resurfaces.
Adani Group shares drop amid allegations against Sebi chief Madhabi Buch. Combined market capitalization falls to Rs 16.7 lakh crore.
Key Highlights
Adani Green Energy: Down 7% Adani Total Gas: Down 5% Adani Power: Down 4% Adani Wilmar, Adani Energy Solutions, Adani Enterprises: Down 3%
Adani Stocks Hit Hard
Adani Enterprises: Major loser in Nifty index. Adani Ports: Down 2%, second biggest loser on Nifty.
Adani Enterprises & Adani Ports
Allegations against Sebi chief Buch and her husband's offshore stakes. Opposition demands resignation and further probe.
Hindenburg vs Adani
Buch denies allegations; Sebi assures transparency. Ongoing investigations nearing completion.
Sebi’s Response
Analysts dismiss the report as "sensationalism." Advise caution but expect limited long-term impact.
Market Analysts Weigh In
Sensex slightly down by 400 points. Heavyweights like ICICI Bank and RIL lead the downside.
Broader Market Impact