Sensex tumbled 774 points as banking stocks rallied at the end of the January trend

Following the negative report of Hidenburg's short position in Adani Group...

Nifty down 226 points to 17892 : Bankex down 1172 points : FII/FPIs net selling at Rs 2393 crore

MUMBAI: Ahead of Adani Enterprises Ltd's Rs 20,000-crore follow-on public offer (FPO) of shares to the general public on Friday, January 27, in a so-called attempt to tarnish the Adani Group's image, the US The U.S. said it was concerned about the mounting debt of the Adani Group of Companies itself through Hidenburg. Banking stocks as well as Adani Group stocks took a beating today as investors sputtered in the banking sector on the negative impact of reports of short positions in traded bonds and non-Indian traded derivatives instruments. As stated in the report by Hindenburg, due to sky-high valuations in seven listed companies of Adani Group, due to the estimation of 85 percent fundamental decline, small to big investors in the market, funds panicked and began to balance bullish open positions at the end of today's January trend in derivatives. Of course, there was talk of the end of the January trend in derivatives and the F&O players being played big by global giant funds by issuing such a report even before the FPO of Adani Enterprises. With offloading in banking-finance stocks, consumer durables, capital goods, IT stocks, the Sensex at one stage fell by 897.39 points and fell to 60081.36 and finally closed by 773.69 points at 60205.06. While the Nifty spot at one point fell by 272.15 points and fell to 17846.15 and finally closed by 226.35 points at 17891.95.

Bankex 1172 collapses: State Bank collapses by Rs.26 to Rs.568: BOB, IndusInd, HDFC Bank collapses

Panic selling gapped banking stocks today amid concerns over Adani Group's mounting debt and valuation and rumors that banks that have given huge loans to the group may be in jeopardy following a report of short positions. The BSE Bankex index fell by 1171.73 points to close at 47199.53. Bank of Baroda fell by Rs.8.15 to Rs.169.80, State Bank of India fell by Rs.25.55 to Rs.568.80, IndusInd Bank fell by Rs.51.65 to Rs.1160.70, AU Small Finance fell by Rs. 19.20 fell to Rs.615.20, HDFC Bank fell by Rs.47.10 to Rs.1648.20, Axis Bank fell by Rs.18.35 to Rs.891.70.

Consumer durables index falls 495 points: CG Consumer, Dixon, Voltas, Havells, Titan decline

The BSE Consumer Durables Index closed down 495.98 points to close at 37799.48 due to heavy selling of funds in the stocks of consumer durables companies today. CG Consumer fell by Rs.11.35 to Rs.327.90, Dixon Technology fell by Rs.113.25 to Rs.3364.65, Voltas fell by Rs.20.90 to Rs.756.95, Aditya Birla Fashion fell by Rs.4.90 Rs.255.95, Havells India decreased by Rs.11.95 to Rs.1181.15, Titan Company decreased by Rs.15.10 to Rs.2356.45.

Oil-gas index falls to 369: Adani Gas falls by Rs.140 to Rs.3745: Reliance falls by Rs.32

Oil-gas stocks were hammered today due to negative report on Adani Group. Adani Total Gas fell by Rs.140.45 to Rs.3745, Reliance Industries fell by Rs.32.20 to Rs.2382.95, Gujarat Gas fell by Rs.5.40 to Rs.464.50, Indraprastha Gas fell by Rs.8.95 to Rs. 414.95, GAIL fell by Rs.1 to Rs.101. The BSE Oil-Gas Index fell 369.24 points to close at 20668.64.

Universal shock in stocks: Wide gaps in small, mid-cap stocks: 2492 stocks close negative

The report on the Adani Group led to a general gap in the stocks as the sentiment worsened. In small, mid-cap, funds in cash stocks, the market breadth became extremely poor as players sold out on a whim. Out of the total 3646 scrips traded in BSE, the number of gainers was only 1037 and the number of decliners was 2492.

FPIs/FIIs net sale of Rs.2393 crore in cash : DIIs' net purchase of Rs.1378 crore

Foreign Portfolio Investors-FPIs, Foreign Institutional Investors-FIIs did massive net selling of stocks worth Rs.2393.93 crore in cash segment today on Wednesday. A total of Rs.8253.09 crore was sold against a total purchase of Rs.5859.15 crore. While DII-domestic institutional investors made a net purchase of Rs.1378.49 crore in the cash segment today. A total of Rs.6733.12 crore was sold against a total purchase of Rs.8111.61 crore.

The asset-market capitalization of investors in stocks fell by Rs.3.90 lakh crore to Rs.276.49 lakh crore.

Funds with Sensex, Nifty based Kadaka, panicked investors sold small, mid-cap, cash stocks in panic. Aggregate market capitalization of companies listed in BSE, i.e. investors' wealth in a single day, washed away Rs. 3.90 lakh crore to Rs. 276.49 lakh crore. was left