The broader NSE Nifty fell 287.60 points or 1.61 per cent to end at 17,604.35, marking its worst single-day fall since December 23, 2022.
On Wednesday, the rupee had slipped 2 paise against the US dollar. The currency markets were closed on Thursday on account of Republic Day.
Adani met Azerbaijan President Ilham Aliyev in Davos last week, according to a statement from the office of the President of Azerbaijan.
"In the 36 hours since we released our report, Adani hasn't addressed a single substantive issue we raised," Hindenburg Research said on Twitter.
Shares of Adani Enterprises declined 2.23 per cent to Rs 3, 302.65 on January 27. Adani Green Energy, Adani Ports and Special Economic Zone, Adani Power also slipped anywhere between 5- 9 per cent.
At the interbank foreign exchange market, the rupee opened higher at 81.51 against the previous close of 81.61.
The 30-share BSE benchmark tanked 578.19 points to 59,626.87 in initial trade. The broader NSE Nifty fell 144.7 points to 17,747.25.
Adani Group mulls legal recourse against short-seller’s damaging report by US-based firm Hindenburg .
Investors are set to enter a new era from Friday with implementation of T+1 settlement cycle in the Indian stock exchanges.
The company’s arm Maruti Suzuki India is the largest passenger vehicle maker by sales in the country.
India is a significant market in LTIMindtree’s rest of the world segment, which contributed 12.8% of its revenues in Q3FY23.
The company is hopeful two-wheeler (2W) sales will pickup as per capita vehicle ownership in India is very low as against developed nations.
The editor’s body urged the government to expunge the amendment.
Health and motor insurance were the main drivers of growth, said the report.
Pakistan is seeking a crucial instalment of $1.1 billion from the fund — part of its $6 billion bailout package — to avoid default.