Stock Market Highlights, Aug 12: Sensex, Nifty end flat amid Hindenburg-led volatility; Ola up 20%

Stock Markets Highlights, Aug 12, 2024: Shares of the Adani Group fell sharply following the Hindenburg Research allegations early trade on Monday. However, Adani Group's shares showed recovery later

9:20 AM

Adani Ports, Powergrid, Tata Steel lead losses on Sensex

9:18 AM

Broader markets in red zone

9:18 AM

Opening Bell:: 35 out of 50 stocks face pressure on NSE's Nifty50

9:16 AM

Opening Bell:: Sensex slips over 200 pts

9:11 AM

Currency check: Rupee opens flat

9:10 AM

Nifty below 24,350 in pre-open deals

9:08 AM

Sensex down 400 pts in pre-open

9:01 AM

Hindenburg row: IPE-Plus Fund 1 didn't invest in Adani stocks, says 360-One

However, 360-One WAM maintained that IPE-Plus Fund 1, a Mauritius-registered fund, primarily focused on debt investments. “At its peak, the fund’s assets under management (AUM) reached approximately $48 million, with over 90 per cent of the fund consistently invested in bonds,” it said. READ MORE

8:56 AM

ALERT :: Brightcom Group forms 'Trenova' to serve as regional hubs for operations in EMEA, APAC markets

8:52 AM

ALERT :: Dr Reddy's Labs receives Establishment Inspection Report from USFDA for Visakhapatnam plant

>> The company has received the Establishment Inspection Report (EIR) for formulations manufacturing facilities (FTO-7 & FTO-9) in Duvvada, Visakhapatnam.

>> The USFDA has classified the inspection as Voluntary Action Indicated (VAI) and concluded that the inspection is "closed" 

8:48 AM

Common practices to use FPI structures for India exposure, say experts

“When they moved to Singapore, they might have been approached by a wealth manager to invest in this India-dedicated fund. Among the 3-4 options available, they might have simply opted for the IIFL Global Dynamic Opportunities Fund (GDOF). It is a case of bad timing or luck that the same fund is now under scrutiny for its investment in Adani group stocks,” said a custodian. READ MORE

8:45 AM

Who is Dhaval Buch? Sebi chief's husband named in Hindenburg report

Dhaval Buch, husband of Securities and Exchange Board of India (Sebi) Chairperson Madhabi Puri Buch, has come into the spotlight after the latest Hindenburg Research report claimed the couple had investments in the same offshore entities that were allegedly to inflate Adani group stock prices. READ MORE

8:40 AM

ALERT :: Godrej Properties acquires 90 acres of land in Khalapur

>> The land offers a development potential of approximately 1.7 million square feet of residential plotted development

8:35 AM

Stocks to Watch Today, August 12: Adani Group, IIFL,PNB,ONGC, Berger Paints

IIFL: Hindenburg alleged that an Adani director set up IPE-Plus Fund 1 through the former IIFL Wealth Management (now 360-One WAM) to invest in Indian markets and artificially inflate Adani group stock prices. However, 360-One WAM clarified on Sunday that its IPE-Plus Fund 1, in which Sebi Chairperson Madhabi Puri Buch and her husband had invested, did not make any direct or indirect investments in Adani group shares during its tenure. READ MORE

8:31 AM

Sebi vs Hindenburg: The fight has moved away from Adani, the initial target

In its new report released on Saturday, the Nathan Anderson-led firm -- citing whistleblower documents -- has highlighted that Sebi’s chairperson previously held investments in offshore funds that were also used by Adani Group. READ MORE