Business Desk 13 March (Punjab khabarnama) : Amid the fall in the stock market, there was a sharp decline in the shares of almost all the companies of Adani Group led by billionaire Gautam Adani. A huge fall of 5-10% was seen in the group’s shares on Wednesday. Adani Green Energy slipped nearly 9%, Adani Total Gas 7%, Adani Enterprises 6%, Adani Wilmar 4%, Adani Port 5%, Adani Green Solution 4.5%, Adani Power 5%, ACC 4.41%, Ambuja is trading up to 3.40% and NDTV up to 5.80%.With today’s fall, the market cap of all Adani Group shares has lost a total of ₹90,000 crore so far. At the close of trading on Tuesday, the total market cap of Adani Group was Rs 15.85 lakh crore. Shares of Adani Enterprises have fallen for the seventh consecutive day, while Adani Ports shares have fallen about 8% in the last two trading sessions.
Shares of these big companies also boomed
Apart from Adani stocks, other falling stocks are IRFC 8%, NHPC 8%, Voda-Idea 7.5%, HAL 7%, RVNL 7%, Power Grid 6%, LIC 5.5%, Paytm 5%, Coal India 4. %, NGC was trading down by 4.5%, Tata Power 4.5%, IRCTC 4%, NTPC 5.5%.
These are the major reasons for the decline in the market
Today’s decline is profit booking due to which the market sentiment got disturbed and the market suddenly got scattered in the midst of a spectacular start. Mid cap and small cap stocks did the work of spoiling this sentiment and this trend is being seen since few trading days. A decline of up to 3 percent has been recorded in midcap and small cap.
