Stock Market Highlights today, Monday, August 12: After starting on the backfoot on Monday amid the Hindenburg-Sebi row, Indian benchmarks – BSE Sensex and NSE Nifty – pared initial losses to end Monday’s choppy session on a flat note.
30 out of the 50 constituent stocks of Nifty50 ended lower, with Adani Ports, NTPC, Dr. Reddy’s Labs, Britannia, and Adani Enterprises being the top laggards, falling by up to 2.33 per cent.
On the BSE, 18 out of the 30 listed stocks of the Sensex ended in the red, with Adani Ports, NTPC, and Power Grid being the top laggards, with a fall of up to 2.02 per cent. The fear index, India VIX, ended higher by 3.47 per cent at 15.87 points.
Among the broader indices, Smallcap and Midcap settled with marginal gains. Meanwhile, among the sectors, Media, PSU Bank, Auto, FMCG, Pharma, and Healthcare indices ended lower, while others settled in the green.
Markets kicked off this week lower amid recent allegations by US-based short-seller Hindenburg Research, claiming links between Sebi Chairperson Madhabi Puri Buch, her husband, and an offshore fund tied to the Adani Group. In response, Sebi and Buch have issued separate statements refuting Hindenburg Research’s allegations as baseless.
