Shares of Adani Group fell sharply in the stock market as the BJP led in fewer constituencies than predicted in the exit polls. All shares of Gautam Adani-owned Adani Group fell on Tuesday.
Adani Ports shares fell by 20 percent, Adani Energy Solutions by 19.80 percent, Adani Power by 19.76 percent, Adani Power by 19.76 percent, Ambuja Cements by 19.20 percent, Adani Enterprises by 19.13 percent.
Adani Total Gas fell by 18.55%, Adani Green Energy by 18.31%, NDTV by 15.65%, ACC by 14.49% and Adani Wilmar by 9.81%.
The BSE Sensex, which recorded huge gains in the previous session, suffered heavy losses on Tuesday. The Sensex was down 4,131.44 points or 5.40 percent at 72,337.34, while the Nifty was trading at 22,000.60, down 1,263.3 points or 5.43 percent.
All shares of the Adani Group rose sharply on Monday. Adani Power jumped nearly 16 percent, taking the total market value of the Adani Group’s ten firms to Rs 19.42 lakh crore.
Several stocks, including Adani Enterprises, Adani Ports, Adani Power, and Adani Green, had reached their market value before Hindenburg reported that Adani had cheated the stock market.
