Adani Stock: Adani shares started bouncing and bounceback, ten of ten stocks painted in green color

Adani Stocks: The Indian stock market opened flat on Wednesday. In the morning trade, buying was seen in the auto and IT sector. But shares of all the companies in the Adani portfolio were trading in the green.

Adani Group Stocks: Since the US bribery scandal news, there was a huge sell-off in Adani shares. Adani's shares started falling quickly. Due to the fall in Adani's stock, the company's market cap fell to $ 2.53 billion, but on Wednesday, the company clarified on this. The Adani Group has termed as baseless and false the allegations against the company's US-based chairman Gautam Adani, Sagar Adani and Adani Green CEO and MD Vineet Jain. The company categorically stated that the chargesheet did not name Gautam Adani and other employees of the company.

Most shares of the Adani Group rose up to 10 per cent. Other stocks of the group, including Adani Green, saw a jump of 10 percent. After the arrival of this news

1. Adani Green Energy shares rose 6.62 percent

2. Adani Enterprises rose

6.02 per cent 3. Shares of Adani Energy Solutions jumped up to 9.70 per cent.

4. Adani Total Gas Limited shares rose by 8.81 percent.

5. Adani Ports saw a rise of 2.91 percent

6. Adani Wilmar climbed 4.67 per cent

7. Adani Power gained

7.88 percent. ACC Cement shares rose

1.96 per cent. Abunja Cement climbed

2.29 per cent. Similarly, NDTV shares rose 4.38 per cent.

The Indian stock market opened flat

on Wednesday. In the morning trade, buying was seen in the auto and IT sector. But shares of all the companies in the Adani portfolio were trading in the green. Adani Green was trading at Rs 905.80. Shares of Adani Enterprises Ltd rose 3.4 per cent to Rs 2,224.85.

At around 10.02 am, the Sensex was trading 2.83 points, or 0 per cent, higher at 80,006.8, while the Nifty was trading 1.30 points, or 0.01 per cent, higher at 24,195.80. The market trend remained positive. On the National Stock Exchange (NSE), 1,637 shares were trading in green, while 669 shares were trading in the red.

Why the market fell

According to market experts, US President-elect Donald Trump has started announcing what he is going to do soon after taking office on January 20. About 25 percent tariffs on Mexican and Canadian imports and an additional 10 percent tariff on Chinese imports have already been announced. How these countries will react to these tariffs remains to be seen.