Sensex, Nifty tumble in early trade; Adani group stocks crack

3 days ago 1

Adani Group Chairman Gautam Adani. File | Photo Credit: PTI

Equity benchmark indices Sensex and Nifty tumbled successful aboriginal commercialized connected Thursday (November 21, 2024) amid sharp autumn successful Adani radical stocks and unabated overseas money outflows.

Weak trends from Asian peers besides drove the markets little during the archetypal trade. The BSE benchmark Sensex tumbled 468.17 points to 77,110.21 successful aboriginal trade. The NSE Nifty declined 179.75 points to 23,338.75.

From the 30-share Sensex pack, Adani Ports tumbled 10% arsenic billionaire Gautam Adani has been charged by U.S. prosecutors implicit his relation successful an alleged years-long strategy to wage $250 cardinal bribe to Indian officials successful speech for favourable presumption for star powerfulness contracts.

Other Adani radical stocks, including Adani Enterprises, Adani Green Energy and Adani Energy Solutions, besides fell sharply successful the aboriginal trade.

State Bank of India, IndusInd Bank, NTPC and Tata Motors were besides among the laggards. Infosys, HCL Technologies, Tata Consultancy Services and Tech Mahindra were the gainers.

Also read: U.S. charges Gautam Adani with defrauding investors, hiding program to bribe Indian officials

Foreign Institutional Investors (FIIs) offloaded equities worthy Rs 3,411.73 crore connected Tuesday, according to speech data.

In Asian markets, Tokyo, Shanghai and Hong Kong traded little portion Seoul quoted higher.

The U.S. markets ended mostly successful the affirmative territory.

Global lipid benchmark Brent crude climbed 0.25% to $72.99 a barrel. The Indian banal markets were closed connected Wednesday owed to assembly elections successful Maharashtra.

Snapping its 4 days of decline, the BSE benchmark Sensex had climbed 239.37 points oregon 0.31% to settee astatine 77,578.38 connected Tuesday. The Nifty besides bounced backmost connected Tuesday aft falling successful the past 7 trading days. It went up by 64.70 points oregon 0.28% to settee astatine 23,518.50.

Published - November 21, 2024 11:57 americium IST

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