Rout in Adani group shares, banks drag Sensex 874 pts, Nifty ends at 17,600

Closing Bell: Adani Enterprises and Adani Ports were the leading Nifty losers, which ended 18 and 15 per cent lower, respectively. SBI, ICICI Bank, IndusInd Bank were next in line sinking up to 5%

2:48 PM

Hindenburg vs Adani: Short selling not shareholder activism, says InGovern

Short selling is not shareholder activism and such campaigns could be disruptive for management and companies, corporate governance firm InGovern has said in a note. READ MORE

2:41 PM

Global Check:: Asian shares, barring India, log steady gains

Source: Yahoo Finance

2:31 PM

BSE 500:: Bajaj Auto, Tata Motors, Emami among top gainers

Supreme Industries up 5.5 per cent was the top gainer among the BSE 500 stocks so far on Friday. It was followed by Bajaj Auto, Tata Motors, AIA Engineering and Emami, up 3 - 5 per cent each.

2:24 PM

MARKET CHECK: Sensex at lowest level since Oct 18,2022

Sensex dipped to the day's lowof 58,982, the lowest level since Oct 18, 2022

2:11 PM

Sell-off in Adani, bank stocks make investors poorer by Rs 12 trn in 2 days

Investors have turned poorer by over Rs 12 trillion in two days as a broad-based sell-off continued across domestic equities. Panic selling ensued in Adani Group stocks on Wednesday, after US activist investor Hindenburg Research alleged 85 per cent downside in group stocks "purely on fundamental valuations". Read here

2:01 PM

F&O Check: Shorts rise at Adani counters; AEL may hit Rs 2,600 level

Shares of Adani Group companies witnessed a heavy sell-off in the last two trading sessions, after US-based research firm Hindenburg accused the Group of stock manipulation and accounting fraud. Read

1:51 PM

WATCH: What may Budget 2023 announce for the agri sector?

1:40 PM

India-made 4G, 5G technology stacks may go global during G20 meet

India’s plans to successfully offer its indigenously developed 4G and 5G technology (tech) stacks to the world would be discussed at the upcoming Group of 20 (G20) meetings, said officials on Thursday. Read

1:29 PM

Adani Group poses no significant downside risk to Indian banks: CLSA

The Adani Group poses no "significant downside risk" to Indian banks, global broking and research firm CLSA said on Thursday, as reported by the Economic Times (ET). It said that the total exposure of Indian banks is less than 40 per cent of the group's total debt. Read

1:19 PM

Tata Motors, ITC, Sun Pharma only gainers on Sensex at this hour

1:09 PM

Budget 2023-24: Govt set to pay out Rs 4K cr under PLI by March end

The government is set to pay Rs 4,000 crore by March to beneficiaries of the production-linked incentive (PLI) scheme as it lines up its expansion, likely to be announced in the Budget. Read here

12:55 PM

Adani Green, Adani Ports and 31 other BSE500 stocks hit 52-week lows

Shares of Indus Tower, Vodafone Idea, Aurobindo Pharma, TV18 Broadcast, Voltas and Whirlpool of India were among total 33 stocks from the S&P BSE 500 index that hit their respective 52-week lows. Read here

12:44 PM

MARKET CHECK :: Sensex sinks to day's low

12:33 PM

BLOOMBERG: Adani group's market rout now over $45 billion in last 2 sessions

Shares of Adani Group’s companies have lost almost $45 billion in market value in less than two sessions, as a selloff sparked by US short seller Hindenburg Research’s scathing report deepened on Friday, said Bloomberg.

12:26 PM

Adani Enterprises kicks off $2.45 bn share sale amid short-seller attack

Adani Group firms lost $11 billion in market capitalisation on Wednesday after New York-based Hindenburg Research flagged concerns in a report about debt levels and the use of tax havens. Read