Share market news: Domestic indices Sensex and Nifty fell in early trade on Thursday amid a sharp fall in Adani Group shares and continuous withdrawal of foreign capital. The market also declined in early trade due to weak trend in Asian markets. BSE Sensex fell by 468.17 points to 77,110.21 points in early trade. NSE Nifty slipped 179.75 points to 23,338.75.ALSO READ: Share bazaar: Fall in early trading in domestic stock markets, Sensex slipped 157 and Nifty 64 points.
Adani Ports shares fell by 10 percent: Among the 30 companies listed in the Sensex, Adani Ports’ shares fell by 10 percent. The main reason for this was industrialist Gautam Adani being accused of defrauding investors in America. Adani is accused of paying massive bribes to win contracts and funding for solar projects in the Indian subcontinent and hiding this from American investors.ALSO READ: How was the listing of Swiggy in the stock market?
There were fluctuations in the shares of these major companies: Shares of other Adani group companies including Adani Enterprises, Adani Green Energy and Adani Energy Solutions also fell sharply in early trade. Shares of State Bank of India, IndusInd Bank, NTPC and Tata Motors also remained in loss. Shares of Infosys, HCL Technologies, Tata Consultancy Services and Tech Mahindra rose.
In Asian and American markets: In Asian markets, South Korea’s Kospi was in profit while Japan’s Nikkei, Hong Kong’s Hang Seng and China’s Shanghai Composite were in loss. US markets closed on a positive note on Wednesday.ALSO READ: Share Market Today: Fall in early trade in domestic stock markets, Sensex 240 and Nifty slipped 103 points.
Brent crude futures at US $ 72.99 per barrel: International standard Brent crude stood at $ 72.99 per barrel with a gain of 0.25 percent. According to stock market data, foreign institutional investors (FIIs) were sellers in the last trading session and sold shares worth a net Rs 3,411.73 crore. (Language)
Edited by: Ravindra Gupta
