Adani stocks fall up to 7% amid fresh controversy, leading to a loss of Rs 53,000 crore in market capitalisation.
As investors play safe, the combined market capitalization of 10 Adani stocks drops to Rs 16.7 lakh crore.
Adani Green Energy suffers a 7% loss, hitting a day's low at Rs 1,656 on BSE before partial recovery.
Adani Total Gas drops 5%, Adani Power 4%, and Adani Enterprises around 3%, as market sentiment weakens.
Hindenburg raises questions on Sebi chief Buch’s impartiality, reigniting the Adani controversy and political attention.
Sebi continues its probe into Adani, with one more investigation completed in March 2024, and another close to conclusion.