Hidenberg charges SEBI and Nifty 50 Turns Green

HDFC Bank, Axis Bank lead gains

Adani Group Stocks Recover From The Day’s Lows, But Largely Remain In The Red. Nifty Bank Turns Green.  Nifty 50 and Sensex opened today’s trade session lower. Nifty 50 opened at 24,320.05, while Sensex opened at 79,330.12.

Nifty 50 opened today’s trade session 786.9 points below its record high of 25,078.30 and continues to trade lower. ICICI Bank, Reliance, NTPC, TCS and M&M are the top contributors towards Nifty 50’s downside today.Meanwhile, Adani Enterprises, Adani Ports, NTPC, Apollo Hospitals, Tata Consumer are the top Nifty 50 losers.
While the week gone by was a volatile one, this new truncated week is also likely to be filled with surprises.
Over the weekend, US-based short-seller Hindenburg Research alleged that market regulator SEBI’s reluctance to act against the Adani Group could be linked to its chief Madhabi Puri Buch having stakes in offshore funds associated with the company. In response, Buch labelled the claims ‘baseless’ and said they were an attempt at ‘character assassination’.

Shares of the most of Adani Group companies have recovered the losses they made after the first Hindenburg report in January 2023. However, the recent report will again put the group’s stocks in the spotlight this week.

Apart from this, REITs will also be in focus as the new report also claimed that SEBI’s regulations on REITs benefitted Backstone, which is the sponsor of three of the four listed REITs in India. Buch’s husband Dhaval Buch was a senior advisor at Blackstone.

Bharat Dynamics, 360 One WAM, Embassy Office Parks, MindspaceREIT, Nexus Select Trust, Jubilant Foodworks, Siemens, Honasa Consumer, Sun TV, Balkrishna Industries, Sterling & Wilson Renewable Energy, ONGC, Shipping Corporation of India, Mazagon Dock Shipbuilders, Metropolis Healthcare, IOL Chemicals, Metro Brands, are among the stocks in focus today.

Sensex Today | Stock Market LIVE Updates: Nifty 50, Sensex Turn Green

Nifty 50, Sensex are now in the green.

HDFC Bank, Axis Bank, Infosys, Kotak Mahindra Bank, Bharti Airtel are the top contributors towards Nifty 50’s upside.

JSW Steel, HDFC Bank, Axis Bank, Hindalco, Tata Motors are the top Nifty 50 gainers.

Sensex Today | Stock Market LIVE Updates: Nifty Bank In The Green, HDFC Bank Is Among The Top Nifty Gainers

HDFC Bank is over 1% higher. Axis Bank, Kotak Mahindra Bank are nearly 2% off lows

Sensex Today | Stock Market LIVE Updates: Nifty 50 At 24,352.95, Adani Ent, Apollo Hospitals, NTPC Top Losers

Nifty 50 is witnessing a recovery from its day’s lows, but still continues to be in the red.

A total of 33 out of the 50 stocks in the index are trading with losses.

Here are the top five losers at the moment:

RVNL Leads Gains Among Railway Peers Like IRFC, IRCON After Cabinet Nod To Rs 24,657 Crore Projects

Railway PSUs are trading with gains on Monday after a bout of selling pressure over the last two weeks. Shares of Rail Vikas Nigam (RVNL) are leading the gains among peers like IRCON, IRFC, and RailTel.