
India's stock market has shown significant resilience, adding $1.6 trillion in value since the Hindenburg report accused the Adani conglomerate of fraud. On October 4, 2024, the market saw a sharp recovery with the Sensex rising 1% and the Nifty hitting the day's high, recovering over 250 points from its low. Key contributors to the Nifty's rise included Infosys, Axis Bank, and TCS. The Nifty Bank index also hit a day's high, recovering over 620 points from its low, with notable gains from Bank of Baroda (+3.7%), Canara Bank (+1.9%), and Axis Bank (+1.9%). Meanwhile, shares of Mahindra & Mahindra Financial Services slipped over 6% following a weak Q2 update, and Bajaj Finance shares dropped over 3% amid predictions of lower margins and moderate AUM growth. Additionally, Dabur shares fell over 4%, Bandhan Bank dipped 3.55%, Shilpa Medicare gained 3.13%, Suryoday Small Finance Bank fell 3.43%, and Aarti Drugs climbed 2.95%.
⚠️ INDIA'S S&P BSE SENSEX INDEX .BSESN UP 1.00%
India’s stock market has added $1.6 trillion in value since short seller Hindenburg accused the Adani conglomerate of fraud https://t.co/2cpNUGgnxm
India’s stock market has added $1.6 trillion in value since short seller Hindenburg accused the Adani conglomerate of fraud https://t.co/HfwaXe8nPZ




