After the release of Hindenburg report last Saturday, there was a lot of volatility in the stock market on Monday, but it was limited to the initial trading only. Within an hour of opening at the red mark, Sensex-Nifty gained momentum. Meanwhile, if we talk about Adani’s shares, this time the Hindenburg report did not have much impact on them. The shares of two companies of the group recovered from the initial fall and entered the green zone.
Adani’s shares first broke, then started running away
Gautam Adani led Adani Group has 10 companies listed in the stock market and in early trading on Monday, all ten shares were trading in the red zone. But while Sensex-Nifty took a turn, the movement of Adani Shares also changed. Adani Green Energy Share had fallen by more than 4 percent in early trade, but around 2 pm it suddenly came into the green zone and after falling to Rs 1667.50, it fell to Rs 1815. level reached.
Along with Adani Green, shares of Gautam Adani’s cement company Ambuja Cement were also seen moving out of the red zone and trading in the green zone, keeping pace with the Sensex-Nifty. Till the time of writing the news, the share of Ambuja Cement was trading at the level of Rs 641 with a gain of 1.20 percent. Talking about its performance in the initial trading, it had broken till the level of Rs 617.75.
What is the condition of other shares of Adani?
Meanwhile, if we talk about shares of other companies of Adani Group, Adani Ent Share (-1.40%), Adani Power Share (-0.49%), Adani Total Gas (-3.75%), Adani Wilmar (-2.56%), Adani Energy Solutions (-3.33%), Adani Port Share (-1.32%), ACC Ltd Share (-0.97%) and NDTV Share (-2.60%) were trading lower.
Sensex gained momentum
With the beginning of trading in the stock market, BSE Sensex started at the level of 79,330.12 with a fall of more than 300 points. It was expected that the impact of the report of American short seller firm Hindenburg released on Saturday would be visible on Sensex and Nifty, so this was also visible in the early trading. But Hindenburg’s effect did not last long and by 11 am the market was in recovery mood. Till 2 pm it was trading at 79,968.46 with a gain of 262.55 points. Whereas Nifty was trading with a rise of about 50 points.
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