Adani Group Stocks Plunge Amidst BJP Setback in Election Trends

Shares of Adani Group companies nosedived on Tuesday as early election trends showed BJP winning fewer seats than predicted. Key firms like Adani Ports, Adani Energy Solutions, and Adani Power saw massive sell-offs. The broader market mirrored this decline, erasing the gains from the previous day's rally.

Shares of all Adani Group companies tumbled on Tuesday as early election trend results indicated the BJP winning fewer seats than anticipated in exit polls.

Adani Ports' stock plummeted by 20%, while Adani Energy Solutions and Adani Power dropped by 19.80% and 19.76%, respectively. Other group stocks also witnessed considerable declines.

The broader market reflected this turmoil, with the 30-share BSE Sensex shedding 4,131.44 points or 5.40%, landing at 72,337.34. The Nifty followed suit, falling 1,263.3 points or 5.43% to 22,000.60.