Adani Stock Crash The shares of Adani group companies saw a fall of 5 to 18 percent on Monday. A report said that the National Securities Depository Limited (NSDL) has frozen the accounts of three foreign funds.
New Delhi, Business Desk. Shares of Adani group companies saw a fall of 5 to 18 percent on Monday. Shares of group companies fell after a report in the Economic Times. It has been said in this report that National Securities Depository Limited (NSDL) has frozen the accounts of three foreign funds. These funds have invested a total of Rs 435 billion in Adani Group companies.On Monday, Adani Enterprises Share Price and Adani Ports Stock Price listed in Nifty 50 saw the biggest break of 15-15 percent in early trade. At 10:35 am, the price of one share of Adani Enterprises was down 20.70 percent at Rs 1,270 per share.
Quoting an official, it has been said in this report that NSDL has taken this step due to lack of sufficient documents related to Beneficial Ownership.
Domestic stock markets also declined on Monday due to the breakdown of Adani Group companies. Along with this, the effect of the data related to the inflation rate to be released on Monday was also seen on the market.
Earlier last week, Sensex and Nifty closed at record high levels. This rally was seen in the stock markets due to the strengthening of expectations of economic recovery after the lifting of restrictions related to Kovid-19 in many states of the country.
BSE Sensex was trending at the level of 52,199.25, breaking 275.51 points at 11:28 am. Similarly, NSE Nifty was down 95.75 points and was trending at the level of 15,703.60.
SBI, Kotak Mahindra Bank, HDFC, Maruti, ICICI Bank, HDFC Bank, NTPC and M&M were the biggest losers on the Sensex.
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