Shares of the conglomerate’s flagship entity Adani Enterprises declined 7% to close at ₹1,603, while Adani Port declined 5.2% to close at ₹596.4. ACC, Ambuja Cements, and NDTV fell 4% each. Adani Power, Adani Transmission, Adani Green, Adani Wilmar, and Adani Total Gas dropped 5% – the lowest tradable limit for the day. The group lost nearly ₹49,400 crore in market capitalisation on Tuesday.
Citi bullish on Indian equities, sees Nifty at 28,000 by end-2027
Citi Research projects that India’s benchmark Nifty 50 index could hit 28,000 points by the end of 2027. This forecast is based on strong earnings