Key Points
New Delhi: After a volatile start Monday, the stock indices BSE Sensex and NSE Nifty 50 demonstrated resilience after Hindenburg Research accused the chairperson of Indias markets regulator of having investments in offshore funds linked to the Adani Group...
Both indices closed lower but with a decline of less than 1 percent, settling at 79,648.92 and 24,347, respectively...
Adani Group companies experienced a decline of up to 4 percent Monday, with Adani Wilmar being the biggest loser, dropping by 4.1 percent to close at Rs 369.35..
In a report published on its website, US-based short-seller Hindenburg Research alleged that Madhabi Puri Buch, chairperson of the Securities and Exchange Board of India (SEBI), along with her husband previously held investments in obscure offshore funds also used by the Adani Group...
The report mentioned the Bermuda-based Global Dynamic Opportunities Fund (GDOF), which the Financial Times said was used by entities connected to the Adani Group to trade in the shares of group companies..
