Sensex shed 56.99 points or 0.07 per cent to settle at 79,648.92. Earlier, the index fell 0.60 per cent to an intra-day low of 79,226.13. Meanwhile, Nifty50 dipped 20.50 points or 0.09 per cent to 24,345.55. The index fell 0.63 per cent to an intra-day low of 24,212.10.
30 out of the 50 constituent stocks of Nifty50 ended lower, with Adani Ports, NTPC, Dr. Reddy's Labs, Britannia, and Adani Enterprises being the top laggards, falling by up to 2.33 per cent.
On the BSE, 18 out of the 30 listed stocks of the Sensex ended in the red, with Adani Ports, NTPC, and Power Grid being the top laggards, with a fall of up to 2.02 per cent. The fear index, India VIX, ended higher by 3.47 per cent at 15.87 points.
Among the broader indices, Smallcap and Midcap settled with marginal gains. Meanwhile, among the sectors, Media, PSU Bank, Auto, FMCG, Pharma, and Healthcare indices ended lower, while others settled in the green.
Adani-Hindenburg-Sebi case Markets kicked off this week lower amid recent allegations by US-based short-seller Hindenburg Research, claiming links between Sebi Chairperson Madhabi Puri Buch, her husband, and an offshore fund tied to the Adani Group. In response, Sebi and Buch have issued separate statements refuting Hindenburg Research's allegations as baseless.
Adani Goup shares today Shares of the Adani Group fell sharply following the Hindenburg Research allegations during the early trade on Monday. Adani Energy Solutions, Adani Total Gas, Adani Enterprises, New Delhi Television (NDTV), Adani Power, Adani Ports and Special Economic Zone, Adani Wilmar, ACC, and Ambuja Cement fell by up to 17 per cent.
However, Adani Group's shares showed a strong recovery, with Ambuja Cement shares settling with gains of 0.55 per cent, while others ended lower by up to 4.14 per cent.