Adani Stocks Fall Amid Weak Market Sentiment

New Delhi, May 12 (PTI) Adani group stocks ended lower on Tuesday, with Adani Green and Adani Power declining nearly 6 per cent, in-line with a bearish trend in equities.

Shares of Adani Green Energy slumped 5.87 per cent, Adani Power fell by 5.63 per cent, NDTV edged lower by 4.78 per cent, Adani Total Gas was down 4.77 per cent, Adani Ports tanked 4.39 per cent, Adani Energy Solutions declined 4.14 per cent, Adani Enterprises Ltd dropped 3.82 per cent, Ambuja Cements skidded 2.24 per cent, and ACC dipped 0.76 per cent on the BSE.

The combined market valuation of these firms stood at Rs 16.70 lakh crore.


Equity benchmark indices ended lower for the fourth consecutive session on Tuesday.

Amid a widespread sell-off, the 30-share BSE Sensex tanked 1,456.04 points, or 1.92 per cent, to settle at 74,559.24. The 50-share NSE Nifty dropped 436.30 points, or 1.83 per cent, to end at 23,379.55.

In four trading days, the BSE gauge has tanked 3,399.28 points or 4.36 per cent, and the Nifty slumped 951.4 points or 3.91 per cent.

Benchmark indices ended sharply lower amid a steep rise in crude oil prices, persistent weakness in the Indian rupee, and continued FII selling pressure, all of which weighed heavily on overall investor sentiment, according to Bajaj Broking Research.