"Market Reacts to Hindenburg's New Report: Adani Group Shares Drop as Sensex and Nifty Fall"

 

"Market Reacts to Hindenburg's New Report: Adani Group Shares Drop as Sensex and Nifty Fall"

The release of Hindenburg's new report has caused a noticeable stir in the Indian stock market. On Monday morning, the market began trading in the red. The Sensex, which tracks 30 major companies on the Bombay Stock Exchange, opened at 79,330, down by 375 points. Similarly, the Nifty index on the National Stock Exchange fell by 47 points to 24,320.

 

Shares of the Adani Group were particularly affected. Adani Enterprises' stock dropped by over 5 percent shortly after the market opened. However, as trading continued, the decline eased a bit. By 10:35 am, Adani Enterprises' shares had fallen by 2.49% and were trading at Rs 3,107.80.

 

This reaction underscores the significant impact such reports can have on investor sentiment and stock prices, especially given the renewed scrutiny of the Adani Group.




 Hindenburg's new report


 

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