Shares of Adani Enterprises fell 15 percent to Rs 1,330 and Adani Transfer rose 10 percent to Rs 1,401.55. Adani Green also fell 10% at Rs 934.25.

Adani stock fell 15% on Friday after S&P Dow Jones Indices announced it would remove Adani Enterprises from its widely publicized sustainability index, effective February 7. Shares in other groups declined after NSE decided to further review Adani Ports & SEZ and Ambuja Cements with Adani Enterprises.

Shares of Adani Enterprises fell 15 percent to Rs 1,330 and Adani Transfer rose 10 percent to Rs 1,401.55. Adani Green also fell 10% at Rs 934.25. Adani Ports fell 7% to Rs 429.35. Ambuja Cement fell 1.19 per cent to Rs 348.25. Adani Total Green fell 5% to Rs 1,625.95.

Adani Power has reached the lower limit of 5% at Rs 192.05. Adani Wilmar was locked in the bottom 5% circuit at Rs 400.40. The group’s other stocks, ACC and NDTV, were down 5%.

S&P Dow Jones Indices announced on Thursday that Adani Enterprises is being removed from the Dow Jones Sustainability Indices because “media and stakeholder analysis have revealed allegations of stock price manipulation and accounting fraud.”

Dow Jones Indices changes will take effect before the start of trading on Tuesday, February 7th.

A drop in Adani Group shares on Friday encourages a decline in the group’s market value, which has reached Rs 8.76 million over the past six trading sessions. According to data, Adami Total Gas lost more than $29 billion in six ordinary days, while Adani Group of Companies’ flagship project investor assets declined $26.17 billion during the same period.

Adani Port, ITC, Tata Power: What is your strategy in the face of market volatility?

Adani Port has been hit hardest by negative news on the stream in recent weeks, down more than 45% and this strong sell-off has pushed the price into resistance territory compared to previous months.

National stock indices were mixed on Thursday, with Adani Group shares continuing their recent slide. On the day, the Sensex closed at 59,708.08, up 224.16 points (0.38%). However, the Nifty, which holds two shares of Adani along with the recommended indices, was just flat at 17,610.40.

Some stocks like Adani Port & Special Economic Zone, ITC, and Tata Power are on a trader’s radar. This is what Stoxbox head of technical analysis Rohan Shah had to say about the volatility ahead of Friday’s session.

Adani Port | work | Support: Rs 460-440 | Strength: 500-520 rupees

Adani Port shares have been hit hard by a series of negative news in recent weeks. The script is down more than 45% from its recent peak. A sharp drop in the asking price to the previous multi-month resistance area (Rs 445-430). Near the same point, the stock is triggered by a harmonic bullish CABRIS pattern with Potential Reversal Zone (PRZ) at the Rs 460-440 level. At the same time, while maintaining the specified reserve zone, the current oversold should be in the range of 500-520 rubles. On the other hand, failure to hold the support area would indicate continued selling pressure for the Rs 400-380 range.

ICT | Support: Rs 360-365 | Strength: Rs 395-400

ITC shares have fallen significantly since the price dropped from Rs 200 to Rs 360 in February 2022. Since then, the share price has reversed. Work in a familiar and positive study environment. Stocks hit new highs on Thursday and rallied with strong Japanese candlesticks that suggest a fresh engagement. The strength line associated with the Nifty is the north box which represents the inherent strength of the price. However, the momentum indicator is trading in overbought territory, suggesting that the stock could turn a profit and provide additional buying opportunities. The stock has strong support around Rs 365-360. It has resistance in the Rs 395-400 range.

Administrative authority | Support: 195 rupees

Tata Power shares have seen a strong rally since May 2020 when the price jumped from Rs 27 to Rs 278. You’re losing your grip. The stock also formed a compound bearish head and shoulders pattern on the weekly chart. This pattern will be confirmed once the price consolidates below the Rs 195 level, if the pattern breaks, a warning will be issued from the highs and the trend is likely to change from bullish to bearish.

Habitat Group shares continued to decline against Adani with a market value of Rs 93,788 on Friday.

Adani Group stock continued to decline, losing its market value by 93,788 in Friday morning trading.

Adani shares rebounded after dropping 35% on the day. At 12:45 WIB, the company’s stock price is down 14%.

According to an analysis by Business Insider India, Adani Group’s 2022 earnings have completely disappeared over the past nine days. Gautam Adani’s net worth has declined by $57.7 billion during this period, dropping from 3rd to 21st in the Bloomberg Billionaires Index.

Reuters, citing a source familiar with the group’s strategy, reported that the Adani group made scheduled coupon payments on its US dollar-denominated bonds on Thursday.

According to an analysis by Business Insider India, Adani Group’s 2022 earnings have completely disappeared over the past nine days. Gautam Adani’s net worth has declined by $57.7 billion during this period, dropping from 3rd to 21st in the Bloomberg Billionaires Index.

Reuters, citing a source familiar with the group’s strategy, reported that the Adani group made scheduled coupon payments on its US dollar-denominated bonds on Thursday.

4 out of 10 Adani groups participate in the lower level; Both stocks fell to 52-week lows.

The Adani Group said the Hindenburg report released to the press clearly shows the short sellers’ intent to undermine Adani’s efforts to “conduct a public offering that is the largest FPO in India.”

Adani Group shares continued their downtrend on Tuesday, in line with broader weakness in national equity indices. Shares began falling after a US investigative report into Hindenburg short selling claimed the Indian conglomerate had been involved in fraudulent schemes and schemes over the past decade. However, the Adani Group has dismissed these allegations as unfounded.

In an interview with Business Today, the group accused Hindenburg of mishandling the investigation and “cutting and pasting” the company’s findings.

The Adani Group said the Hindenburg report released to the press clearly shows the short sellers’ intent to undermine Adani’s efforts to “conduct a public offering that is the largest FPO in India.”

Compared to Adam’s fixed stock, four 10″ barrels have been discounted to the lowest price on a gun, two of which are still a year old. (The 10 stocks listed by Adani include recently acquired ACC, Abuja Cement, and NDTV.)

• Costcutter Bestway Owner Buys Sainsbury Stock
• First Mover Asia: Amazon’s Web3 Foray Will Be a Compliance Nightmare; Bitcoin Tops $23.9K | FinRollNews
• Sterling drops as PMI surveys point to a recession | FinRollNews