NDR Auto Components, Aegis Logistics, Mold Tek Tech, RBM Infracon Ltd. and Upsurge Seeds of Agriculture Ltd., hit their fresh 52-week highs at 10:45AM.

The NSE Nifty index was trading 26.3 points up at 17636.7

The Nifty Pharma index was trading 0.51 per cent down at 12243.2.

The Nifty Bank index was trading 1.12 per cent up at 41123.3.

The Hindenburg report warned investors of heavy leverage and fraudulent practices in Adani Group companies. The conglomerate responded with a strong rebuttal, but it failed to comfort investors.

The Nifty IT index was trading 0.19 per cent up at 30624.65.

The Nifty Realty index was trading 0.9 per cent down at 405.55.

The 30-share BSE Sensex was up 354.08 points at 60286.32

Adani stocks have been in a freefall and so have eroded over 40% of investor wealth ever since American short-seller made multiple allegations in its report last week. With a view to safeguard investors from the sharp volatility in stocks of Adani Group companies, the National Stock Exchange has moved Adani Enterprises, Adani Ports and Special Economic Zone, and Ambuja Cements under the short-term additional surveillance measure (ASM) framework.

Yes definitely, it was a very balanced budget with growth as the north star. Long-term infrastructure creation, focus on human capital development, and ensuring a GDP multiplier effect from agri-sector spend and tax rate cuts remained in focus.

Reuters calculations show that interest payments of a total of around $24 million were due on Feb. 2 on three bonds issued by Adani Ports and Special Economic Zone due to mature in 2031, 2032 and 2041.

During the ban, traders are not allowed to take fresh positions in stocks but can start reducing their positions. The F&O ban rule helps reduce speculation in stocks.

On Thursday, Adani Ports fell 6.1%, Adani Power and Adani Wilmar declined 5% each, Adani Transmission, Adani Green Energy and Adani Total Gas dropped 10% each. ACC ended almost unchanged over the previous day and Ambuja Cements jumped 5.3% after the Adani Group clarified that no shares of either of the companies have been pledged by promoters and they have only provided so-called, non-disposal undertakings.

Further, market participants looking to pledge Adani shares with brokers as collateral for trading are being asked to take a bigger haircut in the value of the loans. A haircut is the worth ascribed to an asset by a lender for calculating the collateral value. These steps are part of brokers' attempts to reduce risks for clients and for themselves.

Prices of multiple bonds issued by different companies of the Adani Group fell sharply on Thursday, a day after flagship Adani Enterprises dramatically announced the withdrawal of its follow-on public offer (FPO) worth ₹20,000 crore late Wednesday. The issue got full subscription, although the stock has since plunged nearly 50% below the lowest issue-price threshold.

NSE noted that applicable rate of margin shall be 50 percent or existing margin, whichever is higher, subject to maximum rate of margin capped at 100 percent w.e.f. February 6, 2023 on all open positions as on February 3

Currently, the rating agency has assigned ratings to 23 infrastructure and financial sector-linked entities of the Adani Group

European shares climbed on Thursday, led by technology and real-estate stocks, with focus squarely on the European Central Bank's interest rate decision a day after the Federal Reserve acknowledged its progress on curbing stubborn price pressures.

Since Jan 25, Adani Enterprises share value has more than halved, and Adani Ports has shed more than 39%. Today, Adani Enterprises shares ended 27% lower in the cash market at Rs 1,565.25, and those of Adani Ports settled 7% down at Rs 462.45

Adani said the decision to withdraw the FPO will not have any impact on the group's existing operations and future plans. "We will continue to focus on timely execution and delivery of projects."

Adani Ent., Adani Ports SEZ, UPL, HDFC Life and Divis Labs were among the top losers on NSE in today's trade.

The NSE Nifty index closed 5.9 points down at 17610.4

The Nifty Auto index closed 0.05 per cent up at 13213.25.

The Nifty Bank index closed 0.39 per cent up at 40669.3.

The Nifty Realty index closed 0.38 per cent up at 409.25.

The Nifty IT index closed 1.83 per cent up at 30566.75.

Sterling Tools, Mold Tek Tech, Jindal Saw, KPIT Tech and Rajesh Exports, hit their fresh 52-week highs during the day.

The NSE Nifty index closed 5.9 points down at 17610.4

The Nifty Pharma index closed 0.4 per cent down at 12306.3.

From the Sensex pack, ITC, and IndusInd Bank were the top gainers, rising about 3.5-5%. HUL, Infosys, Wipro, HCL Tech, TCS, ICICI Bank, and Kotak Bank also closed with gains. However, HDFC, NTPC, Bajaj Finance, Power Grid, and Tata Steel ended with cuts.

Hindenburg's report last week alleged an improper use of offshore tax havens and stock manipulation by the Adani group. It also raised concerns about high debt and the valuations of seven listed Adani companies.

The Nifty Pharma index was trading 0.12 per cent down at 12340.6.

Adani Ent., HDFC Life, UPL, Adani Ports SEZ and Bajaj Finance were among the top losers on NSE.

The Nifty Auto index was trading 0.14 per cent down at 13188.05.

The Nifty Bank index was trading 0.79 per cent down at 40192.0.

The Nifty IT index was trading 0.98 per cent up at 30312.95.

The NSE Nifty index was trading 90.95 points down at 17525.35

Mold-Tek Pack, Blue Star, Jindal Saw, Upsurge Seeds of Agriculture Ltd. and Bombay Super Hybrid, hit their fresh 52-week highs at 10:24AM.

The NSE Nifty index was trading 31.1 points down at 17585.2

As the stock rout deepened, Adani was forced to withdraw the FPO last night in a surprise announcement. This morning, it was reported that Citi's wealth unit has also decided to cut the loan-to-value ratio for credit against Adani securities to zero.

The Nifty Realty index was trading 0.27 per cent down at 406.6.

Adani Green Energys 4.375% bond due Sept. 2024 declined more than 12 cents on the dollar to 66.75 cents in high-yield secondary trading, according to Trace data. One of Adanis other green bonds fell 9 cents on the dollar, but did not yet reach distressed level.

The Swiss lender’s private banking arm has assigned a zero lending value for notes sold by Adani Ports and Special Economic Zone, Adani Green Energy and Adani Electricity Mumbai Ltd, the Bloomberg report said.

Won't jump into Adani Group counters until stock stabilises and negativity fades way, says Rohit Srivastava of Indiacharts.com

The Budget-fuelled rally fizzled out soon after Finance Minister Nirmala Sitharaman's ended her speech