Stock market: The latest report of the American short seller Hindenburg (Hindenburg Report) does not seem to have much impact on the stock market. On Monday, the first trading day of this week, the market indices Sensex-Nifty started with a heavy fall but soon started appearing in recovery mode. This can be understood as the 30-share Sensex of the Bombay Stock Exchange fell by 375 points but rose 266 points by 11.15 pm and was trading in the green zone. The BSE Sensex closed at 79,705.91 on Friday. Monday opened at 79,330.12. The impact of the Hindenburg report of the American short-seller firm, which was released on Saturday, is expected to be seen on the Sensex and Nifty. So it appeared in the early trade as well. But as the Hindenburg effect did not last long, the market got into a recovery mood at 11.15 am. The Sensex was trading at 79,972.42 with a gain of 266.52 points. The Sensex crossed the 80,000 mark once again during the trading session and touched the day's high at 80,106.18. Like the Sensex, the NSE Nifty index also started trading at 24,320.05.. after crossing the previous closing level of 24,367.50 lr and trading in losses for a while, the Nifty 50 also jumped and touched the green mark. At the time of writing, the Nifty was trading at 24,430.00, a gain of 62.50 points.
What about Adani Group shares?
While Sensex and Nifty rallied from the fall, shares of Indian billionaire Gautam Adani-led Adani Group of companies broke the initial slump. Shares of Adani Enterprises fell 1.25 percent at 11.15 am to Rs. It is trading at 3,147.55. In addition to this.
Adani Power Share (-2.05%)
Adani Total Gas Limited (-4.35%)
Adani Wilmar (-2.56%)
Adani Green Energy (-1.14%)
Adani Energy Solutions (-3.21%)
Adani Port Share (-1.32%)
ACC Limited Share (-1.46%)
Ambuja Cement Share (+0.51%)
NDTV share is trading as (-2.2).
Market experts are already hopeful that Hindenburg's report will not have much impact on the stock market. Explaining the reason for this, Hindenburg's new report on SEBI said that Offshore Fund is only trying to spread the illusion that some criminal activity has taken place. Without supporting evidence, the beneficiary Adani Group said it has shamelessly repeated its past claims, which were rejected by the Supreme Court as well.
Sebi Chief: The impact of Adani Group's announcements!
Responding to Hindenburg's allegations, SEBI Chief Madhabi Puri Buch said it is unfortunate that Hindenburg Research, which had taken SEBI enforcement action and issued show cause notices, is now responding to it with an assassination attempt. In addition to this, the announcement released by Adani Group also affected the investor sentiment.
The Gautam Adani-led group said in a statement that the allegations made in the new report are malicious and a distortion of facts. We completely reject these allegations made by Hindenburg against the group. We know that this will make us do bad things. He said that all these allegations made in the past on behalf of the Adani Group have been thoroughly investigated and found to be completely baseless. These were struck down by the Supreme Court in January 2024.
