Adani Power shares experienced a decline following profit booking after a significant surge post-stock split and positive brokerage views. Morgan Stanley’s optimistic outlook, projecting substantial growth in capacity and profitability, initially fueled the rally. However, investors cashed in on gains despite SEBI’s clearance of stock manipulation allegations, impacting other Adani Group stocks as well.
Market Wrap: Sensex falls 142 points, Nifty holds 23,900; HDFC Bank shares tumble 3%
Indian stock market closed in the red, with benchmark indices Sensex and Nifty falling up to 0.2% as Iran-US tensions simmered and rupee declined. Broader
May 27, 2026