Adani Group Faces Market Crash Amid Tight Lok Sabha Election Results

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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.

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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%.

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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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