Adani Share Nosedived On June 4; Erodes Rs 3 Lakh Cr From M-Cap | Top Points

Was exit poll reason?

On June 4, the day of Lok Sabha election counting, Adani Group got brutally hammered by up to 25 percent and eroded more that Rs 3 lakh crore from the market. Experts believe that this was the impact of the wrong proven Exit polls.

Shares who saw dip

Adani Ports and SEZ tanked 8 percent, Adani Wilmar was down 8.5 percent, Ambuja Cement slipped 9.6 percent, ACC sinked 9 percent.

Raised to $11.3 billion on Monday

This has come after Gautam Adanis net worth increased by $11.3 billion after the rise on Monday, following the ranking done by Bloomberg Index.

Red mark

Apart from this, the shares of all the companies of the group are seen trading with red mark on Tuesday, following the predictions of exit polls proven wrong.

Adani Green fell by 17 percent

Adani Greens stock opened at Rs 2040 on Tuesday morning. During the trading session, it fell to Rs 1664, following the change in trend of Lok Sabha exit polls during counting.

Market closing likely to be at Red mark

The market is expected to close in the red mark on Tuesday. According to the sources, the Sensex will close with a fall of 6 percent. At the same time, the Nifty is also expected to close with a fall of 6 percent.