"After three weeks of good consolidation, Nifty index has given a major range breakdown. With good volumes, Nifty has broken down from the 18200- 17800 levels, indicating that bears are in control. Around 17550, Nifty took a minor support at its 200 EMA. To resume its upward rally, Nifty needs to close above 17750 - 17800; until then, this could be a sell on every rise opportunity in the Index,” Ameya Ranadive, Equity Research Analyst, Choice Broking.

An over 21% fall in Adani Ports shares in the last two trading days of the week gone by resulted in over Rs 3,000 crore of losses for LIC. In Adani Enterprises, the flagship company of the group, LIC incurred a loss of close to Rs 3,300 crore due to a 20% fall in the share price on Wednesday and Friday. Besides these two companies, the countrys largest life insurer holds significant stake in Adani Total Gas, ACC and Ambuja Cements.

If you are an investor, go ahead and deploy 40-50% of the cash and the rest post Budget. As a trader, you cannot take a lot of trading positions because you do not want to be on a gap up or a gap down without a view and an event is not something you have a view on because if you are trading technical, you are trading momentum and as of now the momentum is on the downside.

While Adani Total Gas, Adani Energy, and Adani Transmission shares plunged 20%-the lowest levels of the day, Adani Ports and Adani Enterprises dropped 16% and 19%, respectively. Adani Power and Adani Wilmer shares dropped 5% each.

Shares of Adani Transmission, Adani Green Energy, and Adani Total Gas were locked in the 20% lower circuit. Adani Ports and Special Economic Zone hit a 2-year low, and Adani Enterprises a 5-month low. Describing Hindenburg's 32,000-word report as maliciously mischievous and unresearched, Adani Group threatened to take punitive action against the firm in both US and Indian courts.

In September, the group pledged entire stakes in Ambuja Cements (63.2%) and in ACC (56.7%), worth about Rs 96,800 crore, with Deutsche Bank’s Hong Kong branch

In the last two trading days, Thursday being a market holiday, the 60-year-old Ahmedabad-based college dropout has been left poorer by around $29 billion, pushing him to the seventh slot in the elite list of world's richest billionaires.

A total of 2,250,353 shares changed hands on the counter till 01:58PM (IST).

In the last two trading sessions since the release of the report, which has been described as "maliciously mischievous and unresearched" by billionaire Gautam Adani's team, the market capitalisation erosion has been around Rs 4 lakh crore. Wednesday's crash itself wiped off Rs 1 lakh crore from Adani stocks. The selloff deepened on Friday, despite the Ahmedabad-based diversified conglomerate denying allegations and threatening court cases, with three out of 10 stocks hitting record low levels.

It looked like a ‘Black Friday sale on Dalal Street as traders dumped Adani Group stocks relentlessly with many counters hitting multi-month and multi-year lows.

“Nifty seems to have given a fresh breakdown. The 17,761-17,774 band is the immediate support for Nifty below which the downtrend could accelerate. On up moves, 18,145 could prove to be a resistance,” says Deepak Jasani, Retail Research Head- HDFC Securities

“You might be wondering, why isn't instant settlement like payments possible. This is because most trading volumes on the exchange are from intraday traders who buy and sell stocks without taking delivery or have the stocks to deliver immediately," said billionaire Kamath.

A total of 859,712 shares changed hands on the counter till 02:09PM (IST).

Shares of all the 10 Adani Group stocks, including the recent acquisition NDTV, were trading lower after Hindenburg revealed that it has been short-selling Adani Group companies through US-traded bonds and non-Indian-traded derivatives, along with other non-Indian-traded reference securities.

The government's focus to build infra, support real estate demand and ambitious plans under the national infrastructure pipeline (NIP) will increase the demand for cement companies as well.

Net Sales are expected to increase by 4.5 percent Y-o-Y (up 6.4 percent Q-o-Q) to Rs. 3,903.6 crore, according to Motilal Oswal.

On the technical charts, the RSI of the stock stood at 43.21.

Promoters held 0.0 per cent stake in the company as of 31-Dec-2022, while FII and DII ownership stood at 12.81 per cent and 7.04 per cent, respectively.

A total of 44,545 shares changed hands on the counter till 12:30PM (IST).

A total of 28,240 shares changed hands on the counter till time (IST).

“Till the time the index trades above 17,800 on a closing basis, the pattern is eventually expected to break out on the upside. Nifty will be set for a larger bounce, once it crosses the near term barrier of 18,050,” said Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas.

A total of 68,054 shares changed hands on the counter till 12:35PM (IST)

A total of 75,686 shares changed hands on the counter till 10:10AM (IST).

A total of 58,656 shares changed hands on the counter till 11:12AM (IST)

CLSA maintained its buy call on IRB Infrastructure and L&T. The global investment bank is of the view that the government CAPEX is likely to pick up ahead of elections.

A total of 85,881 shares changed hands on the counter till 12:29PM (IST)

A total of 72,623 shares changed hands on the counter till 12:56PM (IST)

Promoters held 0.0 per cent stake in the company as of 31-Dec-2022, while FII and DII ownership stood at 12.81 per cent and 7.04 per cent, respectively.

A total of 74,650 shares changed hands on the counter till 11:59AM (IST).

A total of 62,999 shares changed hands on the counter till 12:30PM (IST)

ABB India has remained resilient amid the market sell off on Wednesday. Besides, the price has been taking support around the 200-DMA (day moving average), suggesting a possibility of recovery over the short term.

A total of 102,792 shares changed hands on the counter till 10:52AM (IST).

A total of 45,454 shares changed hands on the counter till 11:59AM (IST).

A total of 76,388 shares changed hands on the counter till 11:53AM (IST).

A total of 103,981 shares changed hands on the counter till time (IST).

A total of 108,932 shares changed hands on the counter till time (IST).

A total of 119,447 shares changed hands on the counter till 12:59PM (IST).

A total of 141,760 shares changed hands on the counter till 01:22PM (IST)

A total of 210,077 shares changed hands on the counter till 11:47AM (IST).

A total of 75,300 shares changed hands on the counter till 10:30AM (IST)

While adopting the ESG framework, companies have maximum focus on environmental issues, then social issues and lastly governance aspects. According to the Morningstar Sustainalytics Corporate ESG Survey Report 2022, carbon emissions from operations; emissions, effluents and waste; and carbon emissions from products and services were the top three ESG issues that the companies intended to prioritise in the coming year.

On the technical charts, the 200-day moving average of the stock stood at Rs 425.15.

The Relative Strength Index of the stock stood at 45.31 on Tuesday.