Adani Group Faces Market Crash Amid Tight Lok Sabha Election Results

Yesterday, Adani Group's market valuation dropped by Rs 3.6 trillion. The Lok Sabha election results caused unexpected market reactions, creating a tighter contest.

At the end of the trading session, the combined market value of Adani's 10 listed companies stood at Rs 15.78 trillion, a significant decline.

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Eight out of 10 Adani companies hit their lower circuit limits. Adani Ports and Adani Enterprises were the worst affected, tumbling 21.3% and 19.4%.

The shares of Adani Group companies fell between 10-22%. The market experienced a traumatic day, reflecting the uncertainty from the election results.

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