Tradersguruji

Explained: Why did Adani shares crash on the stock exchanges? Shares of the Adani Group plunged on Monday (June 14) following reports that the National Securities Depository Ltd (NSDL) had frozen the accounts of three foreign funds that own sizeable stakes in Adani Group companies. By how much did Adani shares fall? Many of the Adani Group shares, which were the toast of the stock market bulls, hit the lower circuit in the opening session on Monday. Adani Total Gas fell 5 per cent to Rs 1,544.55, Adani Green Energy by 5 per cent to Rs 1,165.35, Adani Transmission by 5 per cent to Rs 1,517.25, Adani Power by 5 per cent to Rs 140.90, and Adani Enterprises by 11.28 per cent to Rs 1,420.80 as of 11.45 IST. What triggered the fall in Adani shares? The fall was triggered by reports that NSDL had frozen the accounts of three foreign funds that hold around $ 6 billion worth of stock in Adani companies. Details of the “freeze” are not yet known, and market reports have pointed to a possible ins...