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Sensex shrugs off Hindenburg charge, Adani stocks dip

IndiaTimes 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.
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News video: Hindenburg Strikes Again: New Report Says SEBI Chief Had Stake in Adani’s Offshore Deals| Watch

Hindenburg Strikes Again: New Report Says SEBI Chief Had Stake in Adani’s Offshore Deals| Watch 03:35

 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,...

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