After a robust green rally in the morning, the Indian stock market turned volatile in the afternoon. The Sensex slid by 37.14 points to 76,133.94, while the Nifty dropped by 24.20 points, closing at 23,021.05, a decline of 0.11%.
In today’s trading session, the major laggards were Adani Enterprises, Hero MotoCorp, Adani Ports, Infosys, and ONGC.
Adani Enterprises
In the afternoon, Adani Enterprises was one of the biggest losers, with its share price falling by over 4%. In a related development, Gautam Adani-owned Adani Green Energy has withdrawn from its planned $1 billion wind energy project in Sri Lanka.
Hero MotoCorp
Meanwhile, Hero MotoCorp’s shares price declined by 1.62%, trading at Rs 3,950.8.
Adani ports
Adani Ports share price saw a drop of 1.39%, trading at at Rs 1,113.45.
Infosys and ONGC
Infosys and ONGC also underperformed, contributing to the overall bearish sentiment in the market.
This is a developing story, more details are being added. Please watch the space for updates
» Read More
