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Latest news India, Stock Market : The market opened on alert today amid allegations of Sebi Chairperson Madhabi Bach’s links with the Adani Group.
Indices started trading with slight losses. At 9.21 am, Nifty lost 29 points to 24,317 and Sensex continued to lose 82 points to 79,5566. At the beginning of today’s market, the shares of the rest of the companies, except Adani Paints, started trading in gains today.
While Supreme Petrochem, Raton India, Tilaknagar Industries, AstraZeneca Pharma and Olectra Greentech were in profit, Hind Oil Explore, Ami Organics, Keshoram Industries and Compass Active shares continued to lose.
The value of the rupee against the dollar has recovered and continues at Rs.83.97. All major markets traded in losses except Japan’s Nikkei.
The American short-selling firm Hindenburg continues to make allegations against SEBI Chairperson Madhabi Puri Bach. She was challenged to prove no wrongdoing in dealings with consulting firms in which she had stakes. On the other hand, SEBI Chairperson Madhabi Puri Bach was supported by real estate investment trusts (REITs) and alternative investment groups. The Indian Reets Association opined that Hindenburg’s allegations that ‘Sebi’s policy on REITS is meant to benefit a few people’ are baseless.
