Sensex tanks over 400 points ahead of inflation data; Nifty below 19,300
The BSE Sensex was trading 440 points or 0.67% lower at 64,882 while Nifty50 was trading at 19,280, down 147 points or 0.76% at around 9.21 am. From the Sensex stocks, Tata Motors, Bajaj Finserv, Bajaj Finance, SBI, JSW Steel, and Asian Paints opened with cuts, while only NTPC opened with gains.
Shares of Adani Ports opened over 3% lower after auditing firm Deloitte resigned as its auditor. Deloitte’s resignation comes after it asked Adani Ports to conduct an independent inquiry on related party transactions flagged by Hindenburg.
But the company did not agree to take the auditing firm's advice. Other Adani Group stocks also declined on Monday.
Adani Enterprises opened over 4% lower, while Adani Green Energy, Adani Power, Adani Transmission, Adani Wilmar, and Ambuja Cement dropped over 2%. More to come...
. Read more on economictimes.indiatimes.com
