Stock Market LIVE: Sensex, Nifty flat post initial Hindenburg jolt; Infy, pvt bank shares shine

August 12, 2024

in Financial

Reading Time: 1 min read

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Inventory Market LIVE updates at present, Monday, August 12: After beginning on the backfoot on Monday amid Hindenburg-Sebi row, Indian benchmarks — BSE Sensex and NSE Nifty — turned constructive within the intraday commerce.

The BSE Sensex, which fell over 400 factors earlier at present, was quoting at 79,900 ranges, up round 200 factors. The Nifty50, alternatively, was testing 24,400.

The restoration was led by JSW Metal, HDFC Financial institution, Axis Financial institution, Tata Motors, Kotak Financial institution, Infosys, and Bharti Airtel. These shares had been up within the vary of 0.4 per cent to 1.7 per cent.

Within the broader markets, the BSE MidCap edged 0.28 per cent decrease, whereas the BSE SmallCap added 0.34 per cent greater.

Amongst sectors, the Nifty Metallic index gained 0.5 per cent, and the Nifty Financial institution 0.45 per cent. The Nifty FMCg index, on the flipside, fell 0.5 per cent.

Adani-Hindenburg-Sebi case

Amongst particular person shares, Adani Enterprises was declined round 4 per cent, whereas Adani Ports, Adani Energy, Adani Inexperienced Power, and Adani Complete Fuel shed as much as 17 per cent intraday. READ MORE

That aside, shares of IIFL Group corporations – IIFL Securities, IIFL Finance, and 360 One WAM — additionally dropped as much as 3.5 per cent after Hindenburg alleged that an Adani director arrange IPE-Plus Fund 1 by the previous IIFL Wealth Administration (now 360-One WAM) to put money into Indian markets and artificially inflate Adani group inventory costs.

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