• Indian Indices
  • Global Indices
  • Commodities
  • Currency
  • Sensex
  • Nifty
{{x.close_price| number:2}} {{x.netchg| number:2}} ({{x.perchg | number:2}}%)
Open - {{x.open | number:2}}
Prev Close - {{x.prevclose|number:2}}
Today's High - {{x.high|number:2}}
Today's Low - {{x.low|number:2}}
Advances/Declines (30 Companies)
  • 1D
  • 1W
  • 1M
  • 1Yr
  • 5Yr
FTSE 100
  • FTSE 100
  • DJIA
  • NIKKEI 225
{{x.close| number:2}} {{x.Chg | number:2}} ({{x.PChg | number:2}}%)
Open - {{x.close | number:2}}
Prev Close - {{x.PrevClose|number:2}}
  • Gold
  • Silver
  • Crude Oil
  • Copper
{{x.Trd_Date}} ( {{x.Time}} )
{{x.ClosePrice| number:2}} {{x.change| number:2}} ({{x.perchange | number:2}}%)
Exchange - MCX
Open - {{x.Open|number:2}}
Exp Date - {{x.Exp_Date}}
Today's High - {{x.High|number:2}}
Prev. Close - {{x.PrevClose|number:2}}
Today's Low - {{x.Low|number:2}}
{{x.Lasttrdtime}} ( {{x.Time}} )
{{x.ltp| number:2}} {{x.PriceDiff| number:2}} ({{x.PerChange | number:2}}%)
Exchange - NSE
Open - {{x.Open|number:2}}
Exp Date - {{x.Expirydate}}
Today's High - {{x.High|number:2}}
Prev. Close - {{x.PrevPrice|number:2}}
Today's Low - {{x.Low|number:2}}
As On 27-Mar-2023 EOD, Market Closed
126.76 (0.22%)
40.65 (0.24%)
    No Companies Visited

Back to news list
  • Barometers end with steep cuts; Adani Group stocks witness sharp sell-off

    The domestic equity barometers ended with deep cuts after a weak session on Wednesday. The Nifty closed tad below the 17,900 level after opening near the 18,100 mark. All the sectoral indices on the NSE ended in the red, with banks, financials and oil & gas stocks falling the most. Weak global cues and sluggish growth outlook from companies spooked investors. Trading was volatile on account of monthly options expiry. As per provisional closing data, the barometer index, the S&P BSE Sensex, tumbled 773.69 points or 1.27% to 60,205.06. The Nifty 50 index lost 226.35 points or 1.25% to 17,891.95. In the broader market, the S&P BSE Mid-Cap index slipped 1.52% while the S&P BSE Small-Cap index declined 0.94%.

    Seller outnumbered buyers. On the BSE, 1135 shares rose, and 2380 shares fell. A total of 131 shares were unchanged.

    On the occasion of Republic Day (26 January), both the equity exchanges - BSE and National Stock Exchange will remain shut tomorrow and trading will resume on Friday (January 27).

    Adani Stocks Sell-off:

    Stocks of the seven listed Adani Group companies fell by 1.65% and 6.01% today after US-based Hindenburg Research LLC said it shorted Adani Group companies due to "brazen" market manipulation and accounting fraud.

    Adani Transmission (down 8.06%), Adani Ports and Special Economic Zone (down 6.30%), Adani Wilmar (down 5%), Adani Power (down 4.99%), Adani Total Gas (down 3.61%), Adani Green Energy (down 3.04%) and Adani Enterprises (down 1.54%) slumped.

    Hindenburg, an US-based investment research firm that specializes in activist short-selling, made wide-ranging allegations of corporate malpractice following a two-year investigation into the Adani group companies.

    "We hold short positions in Adani Group Companies through U.S.-traded bonds and non-Indian-traded derivatives, along with other non-Indian-traded reference securities," Hindenburg disclosed in its research report published on 24 January 2023.

    Hindenburg said its research involved speaking with dozens of individuals, including former executives of Adani, reviewing thousands of documents, and conducting diligence site visits in almost half a dozen countries. The Adani Group's seven key listed companies have 85% downside purely on a fundamental basis, owing to sky-high valuations, the report said.

    In a statement issued to the media, Jugeshinder Singh, Group CFO, Adani, said: “We are shocked that Hindenburg Research has published a report on 24 January 2023 without making any attempt to contact us or verify the factual matrix. The report is a malicious combination of selective misinformation and stale, baseless and discredited allegations that have been tested and rejected by India's highest courts.

    The timing of the report's publication clearly betrays a brazen, mala fide intention to undermine the Adani Group's reputation with the principal objective of damaging the upcoming Follow-on Public Offering from Adani Enterprises, the biggest FPO ever in India.

    The investor community has always reposed faith in the Adani Group on the basis of detailed analysis and reports prepared by financial experts and leading national and international credit rating agencies. Our informed and knowledgeable investors are not influenced by one-sided, motivated and unsubstantiated reports with vested interests.”

    Stocks in Spotlight:

    Indian Bank rose 0.22%. The bank reported 102.36% jump in standalone net profit to Rs 1,395.76 crore on 18.02% rise in total income to Rs 13,550.68 crore in Q3 FY23 over Q3 FY22.

    Cipla fell 2.12%. The pharma major's consolidated net profit rose 9.93% to Rs 800.96 crore on 6.05% increase in total revenue from operations to Rs 5,810.09 crore in Q3 FY23 over Q3 FY22.

    TVS Motor Company jumped 5.11%. The auto maker reported 22% rise in standalone net profit to Rs 353 crore on a 15% increase in revenue to Rs 6,545 crore in Q3 FY23 over Q3 FY22.

    Pidilite Industries fell 2.20%. The adhesives maker reported consolidated net profit of Rs 307.74 crore in Q3 FY23 from Rs 359.24 crore in Q3 FY22. Total income rose to Rs 3002.72 crore in Q3 FY23 from Rs 2855.89 crore in Q3 FY22.

    United Spirits tumbled 6.14%. The spirits maker's standalone net profit tumbled 64.45% to Rs 110.5 crore in Q3 FY23 as against Rs 310.8 crore posted in Q3 FY22.

    Macrotech Developers declined 1.76%. On a consolidated basis, the real estate developer's net profit jumped 41.41% to Rs 404.98 crore despite of 13.87% surge in net sales to Rs 1,773.80 crore in Q3 FY23 over Q3 FY22.

    Indus Towers slumped 7.24%. The company reported consolidated net loss of Rs 708 crore in Q3 FY23 as compared to net profit of Rs 1571 crore in Q3 FY22. Revenue fell to Rs 6765 crore in Q3 FY23 from Rs 6927 crore in Q3 FY22.

    Global Markets:

    European markets advanced on Wednesday, attempting to pare losses incurred in the previous session, after data out of the eurozone showing an uptick in business activity in the region's services and manufacturing sectors.

    A widely watched gauge of German business sentiment from the Munich-based Ifo Institute showed “considerably less pessimistic expectations” in January.

    Meanwhile, S&P Global eurozone composite purchasing managers' index came in at 50.2 in January, up from 49.3 in December. The 50 mark separates expansion from contraction.

    Most of Asian stocks traded higher on Wednesday, taking the lead from Wall Street's struggle for direction as China and Hong Kong markets remain closed for the Lunar New Year holidays.

    US stocks ended nominally lower on Tuesday at the close of a rocky session marked by a raft of mixed earnings and a technical malfunction at the opening bell.

    The downturn in the US business activity eased slightly in January even as it contracted for the seventh straight month, survey showed on Tuesday. S&P Global said its flash US Composite PMI Output Index, which tracks the manufacturing and services sectors, shot off to 46.6 this month from a final reading of 45 in December.

    Back to news list
Previous Stories :

Quick Session News

Quick Links

Market Statistics

Formed in 1986, Capital Market Publishers India Pvt Ltd pioneered corporate databases and stock market magazine in India. Today Capitaline corporate database cover more than 35,000 listed and unlisted Indian companies. Latest technologies and standards are constantly being adopted to keep the database user-friendly, comprehensive and up-to-date.

Over the years the scope of the databases has enlarged to cover economy, sectors, mutual funds, commodities and news. Many innovative online and offline applications of these databases have been developed to meet various common as well as customized requirements.

While all the leading institutional investors use Capitaline databases, Capital Market magazine gives access to the databases to individual investors through Corporate Scoreboard. Besides stock market and company-related articles, the magazine’s independent and insightful coverage includes mutual funds, taxation, commodities and personal finance.

The power of the database is harnessed by our fired-up reporters to generate interesting ideas. The reader-friendly presentation of the idea, supplemented by relevant data and information, can be accessed online through Capita Telefolio and Telefolio Gold. These ideas are used by individual investors as well as institutional investors to do further research and stay ahead.

Capital Market Publishers India Pvt. Ltd.

401, Swastik Chambers, Sion Trombay Road, Chembur, Mumbai - 400 071.
Kindly note www.capitalmarket.com does not send any mobile SMS, whatsapp or twitter messages
giving any kind of stock recommendations.
For Capital Market Magazine queries mail to : subscription@capitalmarket.com
For Capital Market Online Products related queries mail to : financeshop@capitalmarket.com
For any other Capital Market Website related Queries mail to : info@capitalmarket.com
To advertise on Capital Market Websites & Capital Market Fortnightly magazine mail to : advt@capitalmarket.com
Flash News 27-Mar-2023
  •  ( 9:59) IndusInd Bank appoints Vikas Muttoo as COO of BFIL  
  •  ( 15:49) Pharma shares outperform  
  •  ( 15:49) Sensex, Nifty end with limited gains  
  •  ( 14:44) Key barometers hit fresh intraday high; FMCG stocks edged higher  
  •  ( 14:26) HDFC board OKs raising Rs 57,000 cr via NCDs  
  •  ( 14:17) Mahindra Logistics, Ascendas-Firstspace to set up warehouse park in Pune  
  •  ( 13:37) Nifty above 17,000; European shares advance  
  •  ( 13:32) L&T wins large orders for power transmission & distribution business  
  •  ( 13:03) M&M acquires 7.67 crore shares of Mahindra Aerospace for Rs 31.47 crore  
  •  ( 12:57) FDC's API facility clears USFDA inspection  
  •  ( 12:35) J Kumar Infra JV bags LoA from BMC  
  •  ( 12:35) Sensex gains 344 pts, IT stocks advance  
  •  ( 12:30) Arvind SmartSpaces sells entire inventory of plotted development project in Bengaluru  
  •  ( 12:28) ISGEC Heavy Engg bags order from MAHAGENCO  
  •  ( 12:17) Paytm gets RBI extension for PA application resubmission  
  •  ( 11:39) Metal stocks edge higher  
  •  ( 11:39) Equity benchmarks pare some gains  
  •  ( 11:33) Crompton Greaves proposes merger with Butterfly Gandhimathi  
  •  ( 11:19) Manappuram Finance to consider fund raising via debt offering  
  •  ( 11:00) Dalmia Bharat arm to divest 42.36% stake in DBRL  
  •  ( 10:55) Morepen Lab Baddi facility clears USFDA inspection  
  •  ( 10:54) L&T Finance gets RBI nod for merger with its subsidiaries  
  •  ( 10:49) Rites JV bags Rs 122-cr order  
  •  ( 10:31) Deepak Fertilisers re-appoints Sailesh Mehta as chairman & MD  
  •  ( 10:19) Lupin gets USFDA nod for dyskinesia drug  
  •  ( 09:57) Grasim Inds buys 220-acre land in Gujarat for Rs 255 cr  
  •  ( 09:54) Sitharaman reviews state banks amid global financial scenario  
  •  ( 09:48) NBCC arm bags order from AIIMS for Rs 81 cr  
  •  ( 09:38) Market breadth in favor of sellers  
  •  ( 09:38) Sensex, Nifty trade sideways  
  •  ( 09:30) Zydus Life Ahmedabad facility gets three USFDA observations  
  •  ( 08:55) Sun Pharma to buy 60% stake Vivaldis Health for Rs 143 cr  
  •  ( 08:41) Asian stocks trading mixed  
  •  ( 08:29) RattanIndia's Revolt Motors opens 15 new dealerships  
Show News
27 March 2023 00:00
(0.15 %)
(-0.90 %)
(-1.02 %)
(-0.15 %)
(-0.05 %)
(-0.02 %)
(0.20 %)
(0.24 %)
(0.67 %)
(-0.46 %)
(0.22 %)
(0.61 %)
(0.40 %)
(0.80 %)
(-0.44 %)
(-1.06 %)
(0.47 %)
(-0.03 %)
(-0.90 %)
(-1.06 %)
(1.54 %)
(0.87 %)
(1.15 %)
(-1.06 %)
(0.15 %)
(-0.04 %)
(0.06 %)
(0.08 %)
(0.68 %)
(-0.06 %)
Sensex 5min and Nifty 15min delayed as on .
Show Ticker
Rotate your device

Rotate your device

For the best experience please go back to portrait mode.