Thu, Aug 31, 2023
Adani Group stocks fell up to 4% on August 31, 2023, after the Organized Crime and Corruption Reporting Project (OCCRP) said millions of dollars were invested in some publicly traded stocks of the group through opaque Mauritius funds. The OCCRP report cited a review of files from multiple tax havens and internal Adani Group emails. The Adani Group has rejected the allegations, calling them "recycled" and "baseless." The report has raised questions about the transparency of the Adani Group's financial dealings.
Fri, May 12, 2023
The Adani Group's woes continue as MSCI drops Adani Transmission Ltd and Adani Total Gas Ltd from its India Index, adding to the market rout triggered by the Hindenburg report earlier this year.
Sun, Mar 19, 2023
Billionaire Gautam Adani-led conglomerate has suspended Rs 34,900 crore petrochemical project work at Mundra in Gujarat as it focuses on resources to consolidate operations and address investor concerns following a damning report by a US-based short seller, news agency Press Trust of India (PTI)
Fri, Mar 17, 2023
The NSE will remove Adani Enterprises, Adani Power, and Adani Wilmar from its short-term additional surveillance measures (ASM) framework on March 17
Mon, Mar 13, 2023
Finance Minister Nirmala Sitharaman said, "The Life Insurance Corporation of India (LIC) has informed that its debt exposure to Adani Group of Companies, was Rs 6,347.32 crore and Rs 6,182.64 crore, as on December 31, 2022, and March 5, 2023, respectively".
Fri, Mar 10, 2023
Share Market HIGHLIGHTS: Indian equity benchmarks Sensex and Nifty50 extended losses to a second straight day on Friday after a gap-down start, amid negative global cues after a bank stocks-led riot on Wall Street following the launch of a share sale by US-based tech lender SVB Financial to shore up its balance sheet. Fears about higher-for-longer benchmark interest rates resurfaced among investors ahead of key jobs data from the US due later in the day.
Thu, Mar 09, 2023
As many as three Adani Group stocks - Adani Enterprises, Adani Power Ltd and Adani Wilmar- have been put under the short-term additional surveillance mechanism (ASM) framework, said a circular by National Stock Exchange (NSE). The order will come into effect from Thursday, the circular said.
Three Adani Group stocks -- Adani Enterprises, Adani Power and Adani Wilmar have been placed under the short-term additional surveillance measure (ASM) framework of the National Stock Exchange (NSE), effective from March 9
Wed, Mar 08, 2023
Share Market HIGHLIGHTS: Indian equity benchmarks Sensex and Nifty50 recovered intraday losses in the second half of a volatile session on Wednesday, that began with a gap-down start owing to negative global cues, as investors returned to trade after a mid-week holiday for Holi. The Indian stock market tracked weakness across major markets around the globe on Wednesday morning after Fed Chair Jerome Powell said in his testimony to Congress the US central bank will likely need to hike interest rates more than previously expected. However, mild gains in European markets, shrugging off weakness in their major Asian peers, as well as Dow Jones futures aided investor sentiment on Dalal Street.
Tue, Mar 07, 2023
Adani Enterprises is finally set to move out from NSE's short-term ASM, after being under the framework for a month. The group's other two stocks--Adani Ports and Ambuja Cements exited the short-term ASM on Feb 13.
Mon, Feb 27, 2023
Once among the top three world’s richest, Gautam Adani slipped to 30t position on the world billionaire index list after a US forensic audit firm Hindenburg Research released a report on January 24, 2023.
Fri, Feb 24, 2023
The stock of Adani Transmission fell 5 per cent, Adani Green Energy slipped 5 per cent, Adani Total Gas (5 per cent) and Adani Enterprises (4.98 per cent) on the BSE.
Thu, Feb 23, 2023
Adani Group News: Earlier in September 2021, Orient Cement had signed an agreement with APML for 'facilitating bona fide use of land identified for exploring the possibility of establishing a cement grinding unit (CGU) at Tiroda (in Maharashtra)'.
Share Market HIGHLIGHTS: Indian equity benchmarks Sensex and Nifty50 swung between gains and losses amid volatile trade on Thursday, the last session of the February F&O series. Typically, the last session of a monthly series is marked with volatility as traders rush to square off their open positions. The Indian share market received mixed signals from global markets, mirroring the handover from Wall Street after the release of FOMC minutes of its last policy review. Back home, minutes of the RBI's first review of 2023, released on Wednesday, revealed an overall hawkish tone of policymakers.
Wed, Feb 22, 2023
Anil Singhvi Strategy on Nifty, Bank Nifty: Support in Nifty is seen at 17,350-17,450 while resistance is seen at 17,700-17,750. As for Bank Nifty, support is seen at 39,425-39,500 while resistance is seen at 40,000-40,700
Gautam Adani-led group's market cap slides by almost Rs 12 lakh crore, a fall of more than 60% from the peak, as Sebi seeks ratings of local loans and securities of Adani Group companies.
In the 50 stock Nifty50, 2 stocks advanced against 48 declines. The gainers were ITC and Bajaj Auto while the top losers were Adani Enterprises (-11%), Adani Ports (-7.24%), Grasim Industries, Bajaj Finance and JSW Steel
Adani group stock price BSE, NSE today: Barring Adani Ports (ADANIPORTS), which secured mild gains, all Adani group stocks faced sustained selling pressure on Monday in more pain for investors amid a crisis at the embattled conglomerate. Here's a lowdown on latest news about Adani group companies.
Tue, Feb 21, 2023
In the 50-share Nifty50, 20 stocks gained while 30 declined. The top gainers were NTPC, Britannia Industies, Tata Steel, Reliance Industries and Power Grid while the top losers were Adani Enterprises, Apollo Hospitals, Coal India, Bajaj Auto and Tata Motors
Mon, Feb 20, 2023
In the 50-share Nifty50, 20 stocks advanced while remaining 30 declined. The top gainers were Divi's Laboratories, UltraTech Cement, Tech Mahindra, Power Grid and Hindalco Industries while the top losers were Adani Enterprises, Cipla, Britannia Industries, BPCL and UPL
Fri, Feb 10, 2023
A majority of Adani group stocks succumbed to selling pressure — with four of them locked in the lower circuit — after MSCI reduced the weightage of four group companies, including Adani Enterprises, in its gauges after reassessing the number of shares that are freely traded.
Thu, Feb 09, 2023
Market breadth was equally split in favour of advances and declines. In the 50-stock Nifty50, 25 ended in the red. The top gainers were Bajaj Finserv, Hindalco Industries, HDFC Life, Asian Paints and Indusind Bank while the top losers were Adani Enterprises, Adani Ports, Hero MotoCorp, Cipla and JSW Steel
Wed, Feb 08, 2023
Anil Singhvi Strategy on Nifty, Bank Nifty: Nifty will have support at 17,700-17,750 while resistance at 18,000-18.025. Bank Nifty has support at 41,274-41,400 while resistance is seen at 41,825-41,950. The banking gauge will find new momentum if it settles above 42,000
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