Adani Group's shares surge due to closure of Hindenburg, cast a spell on domestic market

New Delhi : In the same month of the year 2023, in a report by Hindenburg, serious allegations were made against Adani Group by the short seller firm Hindenburg. Due to this report of Hindenburg, there was a loss of more than 100 billion dollars in the net worth of Gautam Adani.

Today the most shocking news has come out which has revealed that the founder of Hindenburg Research, Nathan Anderson has announced its closure. As soon as the news came out, as soon as the stock market opened, there was a huge jump in the shares of Adani Group. The reason behind this increase is being said to be the closure of Hindenburg. In today's trade, shares of NDTV, ACC, Adani Enterprises, Adani Ports and SEZ, Adani Green Energy, Adani Power, Adani Energy Solutions, Adani Total Gas, Adani Wilmar and Ambuja Cement are trading in the green.

How was the market today?

The stock market is witnessing a boom in trading after a long time on Thursday. In today's pre-opening session, Nifty opened at 23377 points with a gain of 164 points, while Sensex was trading at 77319 levels with a gain of 595 points. The stock market is currently bullish. In today's business, the entire attention of investors is on the shares of Adani Group.

It is being told that the reason behind the rise in the shares of Adani Group companies is the closure of short seller firm Hindenburg. This is the same company due to which Gautam Adani had to suffer huge losses and it took a long time for the company to recover from this loss. Hindenburg had submitted a report against Adani Group on 24 January 2023, in which Adani Group was accused of making profits by wrongly using offshore tax havens. However, Gautam Adani had completely rejected all these allegations, calling them wrong.

There was a rise in these shares

Shares of Adani Power Energy are trading at Rs 578.95 with a gain of 5.37 percent. Adani Green Energy shares are trading at Rs 1,092.90 with a gain of 5.59 percent. Shares of Adani Ports are trading at Rs 1,167.80 with a gain of 3.45 percent. Shares of Adani Energy Solutions are trading at Rs 800.35 with a gain of 2.59 percent.

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