Shares of Adani group companies declined as MSCI is set to release its review on the free float status of group securities after market participants raised concerns.
Only Adani Wilmar Ltd. advanced in trade, whereas all the other group company stocks declined.
Adani Wilmar Rises In Trade
- Shares of Adani Wilmar Ltd. were the only respite in trade amongst all the Adani group company stocks that declined.
- Adani Wilmar was locked in a 5% upper circuit at Rs 439.7 a piece.
Rupee Weakens Against The U.S. Dollar
The local currency weakens by 11 paise against the greenback on Thursday to 82.60 at open. It closed 82.49 on Wednesday.
Source: Bloomberg
Angel One Gets SEBI Nod For Sponsoring A Mutual Fund
- Angel One has received an in-principle nod from SEBI for sponsoring a mutual fund.
- The company will be setting up an asset management company and a trustee company.
Source: Exchange filing