Share Market Update: Outcry in the stock market, Sensex fell 800 points, heavy fall in Adani Enterprises – stock market crash sensex tanks over 800 pts, nifty below 17,400

New Delhi: There is a huge decline in the stock market on the last trading day of the week. This has happened due to the heavy fall in the US stock market on Thursday and weak global signals. The BSE Sensex fell 859.18 points, or 1.44%, to 58,947.10. The National Stock Exchange’s Nifty also fell by 239.25 points, or 1.36%, to 17,350.35 points. Adani Group’s flagship company Adani Enterprises declined by five per cent and HDFC Bank by two per cent. In Care Ratings, the rating of Adani Enterprises has been changed from stable to negative. Also NSE has put it in short term surveillance framework. Similarly, the news of data leak of HDFC Bank has come. Although the bank has denied this.

Seven out of ten listed stocks of Adani Group declined. In the previous session, six stocks of Adani Group closed higher, out of which four touched the upper circuit. On Friday, the shares of Adani Green Energy and Adani Transmission reached the upper circuit as soon as the market opened. Apart from this, there has also been a rise in Adani Total Gas. But ACC, Adani Enterprises, Adani Ports and Special Economic Zone (APSEZ), Adani Power, Adani Wilmar, Ambuja Cements and NDTV declined. The maximum decline of 5.44 percent has come in Adani Enterprises.

Adani Group Shares: Adani’s flagship stock fell when bad news came, upper circuit even today in 4

how was the market yesterday

Earlier on Thursday, there was a decline in the domestic stock markets and the BSE Sensex closed down by about 540 points. A weak trend in global equities and heavy selling pressure in Reliance Industries, Bajaj Finserv and ICICI Bank led to losses in the markets. Traders said that apart from this, weakness in the rupee against major currencies overseas also weighed on the market sentiment. The Sensex opened strongly after three days of gains, but closed at 59,806.28, down 541.81 points, or 0.90 per cent, due to heavy selling in the day’s trade. Similarly, the NSE Nifty also closed at 17,589.60, down 164.80 points, or 0.93 percent.

Mahindra & Mahindra was the biggest loser in the Sensex pack, shedding 3.31 per cent. Apart from this, Reliance Industries, Bajaj Finserv, ICICI Bank, Maruti, Tata Motors and Tech Mahindra were among the major losers. On the other hand, gainers included Tata Steel, L&T, Axis Bank, Bharti Airtel and HDFC Bank. Sector-wise, heavy selling was seen in auto and consumer durables. In the broader markets, BSE Midcap fell 0.55 per cent and Smallcap 0.20 per cent.