Sensex shrugs off Hindenburg charge, Adani stocks dip
Monday, 12 August 2024 () On Monday, the Sensex dipped marginally by 57 points, closing at 79,649. This drop came as investors largely dismissed Hindenburg Research's report on a conflict of interest involving Sebi chief Madhabi Puri Buch in the Adani Group probe. Some Adani stocks fell, but not as severely as in early 2023. Despite foreign fund outflows, domestic funds remained aggressive buyers.
Hindenburg Research's latest report alleges that SEBI Chairperson Madhabi Buch and her husband held stakes in offshore entities linked to the Adani money siphoning scandal. Based on whistleblower documents, the report claims the couple opened an account with IPE Plus Fund 1 in Singapore in 2015,...
TMC MP Mahua Moitra has launched a scathing attack on SEBI Chairperson Madhabi Puri Buch, questioning her ties with the Adani Group and demanding her immediate resignation. In a fiery rebuttal to the..
The Adani Group has fiercely rejected the latest allegations from Hindenburg Research, labeling them as malicious, mischievous, and manipulative. In a statement to the stock exchanges, the group..
Monday, 12 August 2024 ()
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