The World knows Adani as one of the richest man in the world. But in closing bell of Stock Market today the shares of Adani Enterprises rose 3.35% to Rs 2,975.00 while other stocks of Adani Groud were trading mixed.

This is the result of the aftermath of Hindenburg's report, three Adani Group Stocks, Adani Total Gas, Adani Green Energy and Adani Transmission have their circuit limit narrowed down from 20% to 10% after two continuous days of fall.

There stocks have been falling since Hundenburg accused the Adani group of fraud and money laundering.

So all that was needed to make the  stocks Asia's richest and world's one of richest man to fall, a stellar report and a three trading sessions.

After the Economic Survey 2022-23 projected 6.5 per cent GDP growth in FY24. Moreover, traders also remain watchful of the Union Budget 2023 due on Wednesday, February 1, and the US Federal Reserve's interest rate stance

Benchmark indices Nifty50 closed at 17,662 levels, up 13 points or 0.07 per cent, while the S&P BSE Sensex closed at

59,549 levels, up 50 points or 0.08 per cent. Both Nifty50 and the S&P BSE Sensex hit day's low of 17,537, and 59,104,brespectively. However, later, Nifty 50 recouped over 50 points to hit day's high of 17,735 levels, and the S&P BSE Sensex recovered over 250 points to scale day's high of 59,787 levels.

Broader markets, too, remained upbeat throughout the day as Nifty MidCap 100 and Nifty SmallCap 100 indices outperformed benchmark indices to close up to 2 per cent

Besides, sectors like the Nifty PSU Bank and Nifty Media indices displayed strong performance, as they climbed up to 4 per cent. On the flipside, Nifty IT and Nifty Pharma indices were the worst hit as they dropped up to 1 per cent.

Adani Enterprises follow on public offer was full subscribed, led by non-instiutional investors, qualified institutional buyers and retail investors.

Source: BusinessStandard and financial Express