Deloitte Exit Sparked Sell-Off: Adani Group Stocks Tumble; SEBI Requests SC for 15 Days Extension in Probe Adani-Hindenburg Case

RBI Data Reveals: India's Forex Reserves Dip by $2.41 Billion to $601.453 Billion.

Market Summary

Closing Bell: Nifty below 19500, BANKNIFTY slips below 44100, Sensex gains 80 pts, Metal, Reality, and PSU Banks slips.

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Market News

Deloitte Steps Down as Adani Ports(-1.74%) Auditor Amid Hindenburg Report Concerns; Firm Appoints MSKA & Associates as Statutory Auditor. 🔍🔔

Jindal Steel and Power(-5.15%) Reports 14.4% Decline in Q1 Net Profit, Revenue Down by 3.5% Stock Falls 5%. 📉

ARBL(-0.69%) Shares Surge 3% Intraday on Robust Q1 Performance with 46% Profit Spike and 14% Revenue Surge. ⚡🚀

JK Cement(-3.40%) Shares Slide 3% as Q2 Profits Drop 29.5%, Revenue Surges 21.57% to Rs 2,762.62 Crore. 📉

Patanjali Foods(-1.38%) Profits Dip 64% YoY, Revenue Grows 8% Stock Slides 5% Intraday. 📉🥗

Muthoot Finance(-5.03%) Shares Dive 5% Following Morgan Stanley Downgrade. 📉🧾

SEBI Asks Supreme Court for 15-Day Delay to Examine Adani Group's Probe. ⏳🕵️‍♂️

Divi's Laboratories(+1.40%) Q1 Profit Plunges 49% YoY, Revenue Down by 9% QoQ. 📉

Axis AMC Ventures into Private Credit: Aims to Raise Rs 1,250 Crore in New Fund.🧾💸