Adani’s 8 shares fell after Hindenburg report: Not much impact on the market, Sensex closed 56 points down at 79,648

The US company Hindenburg and SEBI Chairperson Madhabi Puri Buch controversy has not had any effect on the market. The Sensex closed with a marginal decline of 56 points at 79,648. Nifty also fell by 20 points. It closed at 24,347. Out of 10 stocks of Adani Group, 8 declined and 2 rose. Adani Wilmar fell the most by 4.10%. Total Gas and Energy Solutions fell by more than 3%. The stock of the group’s flagship company Adani Enterprises fell 1.61%. Green Energy and Ambuja Cement rose marginally. Hindenburg has claimed in its report released on Saturday that Madhabi and her husband Dhawal Buch have a stake in an offshore company associated with the Adani Group. It is alleged that these funds were used to boost the price of Adani Group shares. Mixed trading in Asian market today Saraswati Saree Depot’s IPO opens from today
Saraswati Saree Depot Limited’s Initial Public Offer i.e. IPO will open today i.e. on 12th August. Investors will be able to bid for this IPO till 14th August. On 20th August, the company’s shares will be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). Saraswati Saree Depot Limited has fixed the price band of this issue as ?152-?160. Retail investors can bid for a minimum of one lot i.e. 90 shares. If you apply for 1 lot as per the upper price band of IPO of ?160, then you will have to invest ?14,400 for this. Read full news The market was bullish last week
Earlier, on the last day of last week i.e. on 9th August, the stock market saw a boom. The Sensex closed at 79,705 with a gain of 819 points. At the same time, Nifty also saw a rise of 250 points; it closed at the level of 24,367.