Mumbai, Aug 12 (UNI) India’s benchmark indices closed marginally lower in a volatile session as the BSE Sensex fell 57 points to settle at 79,648.42 virtually bucking the impact of US short-seller Hindenburg Research report, even as shares of most companies belonging to Adani group suffered losses.
The National Stock Exchange (NSE) Nifty also remained range bound and lost 20.50 points to close at 24,347.
High volatility was witnessed during the day, as the day opened on a weak note at 79,330.12, tumbling down 375 points. However, during the day it was down 479 points to touch day’s low of 79,226.13 but recovered mostly before closing at 79,648.42, down 56.99 points from its previous close. During intraday it went up over 400 points to cross 80,106.
The shares which gained today included HDFC Bank, ICICI Bank, Infosys, HUL, Tata Motors, Maruti Suzuki and JSW Steel among others while the shares which ended in red include RIL, TCS, Airtel, SBI, L&T and Bajaj Finance.
The shares of Adani group were in the red except for Adani Green which was up nearly 1 percent. While shares of other companies of the group – Adani Power, Adani Wilmer, Adani Energy Solutions, Adani Ports and SEZ, Adani Enterprises down in the aftermath of new report of Hindenburg Research which raised concerns about SEBI Chairperson Ms Madhabi Puri Buch and her husband’s undisclosed investments in obscure offshore funds based in Bermuda and Mauritius.
The Foreign Institutional Investors (FIIs) had bought equities in the cash segment worth Rs 407 crore in the last trading session and the Domestic Institutional Investors (DIIs) had also bought to the tune of Rs 3980 crore, according to data available.
The Mid cap and the Small Cap went up 0.04% and 0.51% respectively. In 30-scrip Sensex shares of 14 companies advanced while that of 16 declined.
