On Friday, the shares of Adani Group fell close to 20 per cent pulling the market down, with the Sensex dropping by over 1,000 points at 965.16 at 1:22 pm and the Nifty at 17,559.45.
Nifty is hitting its six-month low and falling the most in four months. Its PSU Bank Index dipped by over 5.5 per cent from the day's high.
Adani Group shares
The shares of Adani Total Gas went down by 20 per cent, Adani Green Energy and Adani Transmission fell by close to 19 per cent.
Ambuja Cement and ACC slipped to 6 per cent, while Adani Power and Adani Wilmar went down by 5 per cent. The shares of the flagship company, Adani Enterprises, saw a drop of 3.5 per cent.
Other shares that see a dip
Other than the drop in shares of Adani, the shares of the banking sector also saw a major dip, with ICICI, Kotak, HDFC, Axis, and SBI Bank being the biggest losers. Even the shares of BPCL, Bharati Airtel, Infosys, and Asian Paints were in the negative.
The drop has affected all sectors across the board, but ITC, SunPharma, Tata Motors and Tata Steel are in the positive.
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