Adani Enterprises, Adani Power, Adani Overall Gas and Adani Green fell as much as 25 per cent eachThe domestic stock exchange have actually recuperated all their losses and turned positive, due to strength in index heavyweights such as Reliance Industries and Infosys.
At 2:10 pm, the BSE Sensex has rebounded around 500 points from the lows of the day and is now trading at 52,546.50, higher by 70.89 points and the NSE Nifty was at 15,804.54, up 4 points or percent.
In the broader markets, the BSE Midcap index is trading lower by 0.8 percent and the BSE Smallcap index iss trading absolutely flat.In the currency markets, the rupee slipped 14 paise to 73.21 against the United States dollar as increasing crude oil rates weighed on financier sentiment.In the primary market, the Shyam Metalics IPO and Sona Comstar IPO have actually opened for membership on Monday.On the profits front, Coal India, IDFC, Indian Overseas Bank and Aditya Consumer will declare their Q4 numbers during the day.On the stock-specific front, Reliance Industries has actually gotten 1.8 per cent to Rs 2,253.90 to top the gainers list on the BSE.
Bajaj Finance and Dr Reddy's have actually gained 1-2 per cent each on the BSE.On the other hand, Adani Ports has plunged 12 per cent to Rs 732.40 to top the loser's list on the BSE after the National Securities Depository froze the accounts of 3 foreign portfolio financiers that are among the leading stakeholders in the firms.Among other Adani Group shares, Adani Enterprises fell as much as 25 percent to strike an intraday low of Rs 1,201, Adani Power decreased 5 percent to Rs 141, Adani Overall Gas tumbled 5 percent to Rs 1,545, Adani Transmission decreased 5 percent to Rs 1,517 and Adani Green fell 5 per cent to Rs 1,165.
Select banking and vehicle stocks are likewise trading weak.
In the banking space, Kotak Mahindra Bank, SBI and ICICI Bankb have compromised 1-2 percent each on the BSE.
And in the automobile area, Hero Motocorp, Maruti Suzuki and Bajaj Automobile have actually lost around a per cent each.