1 day ago
Indian Stocks Slide as Adani Shares Fall; Fino and Senco Rise
Indian share prices mostly fell on October 8.
The Nifty and Sensex, two major stock-market measures, both moved lower.
Shares in several Adani Group companies dropped sharply.
Paytm and Ola Electric shares also fell during the day.
Ola Electric said it had approved a plan to raise up to Rs 1,000 crore from shareholders.
Fino Payments Bank shares rose after it reported higher loan disbursals and deposits.
Senco Gold shares also rose after its revenue grew compared with the same quarter a year earlier.
Senco said it expected strong seasonal demand in the coming months.
On October 8, the Nifty fell 1.2% to about 22,328, while the Sensex lost more than 750 points, or 1%, to around 71,880.
Adani Green Energy, Adani Enterprises and Adani Power fell 10%, 7% and 6% intraday, respectively; CARE Ratings upgraded Adani Enterprises’ long-term loan rating to AA from AA- with a stable outlook.
Paytm parent One 97 Communications fell as much as 10% before recovering some losses, amid attention to possible UPI merchant-fee delays; Goldman Sachs raised its target price.
Ola Electric Mobility shares dropped 10% after its board approved a rights issue of up to Rs 1,000 crore through partly paid-up shares.
Fino Payments Bank rose as much as 17% after reporting September loan disbursals of Rs 278 crore and average deposits of Rs 2,794 crore; Senco Gold climbed nearly 12% after reporting 31% year-on-year Q2FY27 revenue growth.
- Who
- Indian listed companies including Adani Group companies, One 97 Communications, Ola Electric Mobility, Fino Payments Bank and Senco Gold.
- What
- Stocks moved sharply in both directions, while the Nifty and Sensex fell.
- Where
- Indian equity markets.
- When
- October 8; the article does not specify the year.
- Why
- The article cites company updates and business developments, including a rights issue, operating figures and revenue growth; it does not give a single cause for the broader market decline.
Declining shares
Rising shares
Midday stock moves
Declining shares
Adani Group shares, Paytm and Ola Electric fell sharply during the session.
Rising shares
Fino Payments Bank and Senco Gold rose, with the article citing operating growth and revenue results.
Key facts
- Nifty
- Fell 1.2% to around 22,328 points.
- Sensex
- Lost more than 750 points, or 1%, and was around 71,880 points.
- Adani Enterprises rating
- CARE Ratings upgraded its long-term loan rating to AA from AA-, with a stable outlook.
- Ola Electric rights issue
- The board approved a rights issue of up to Rs 1,000 crore through partly paid-up equity shares.
- Fino September loan disbursals
- Rs 278 crore, more than triple the year-earlier figure.
- Fino average September deposits
- Rs 2,794 crore, up 13% year-on-year.
- Senco Q2FY27 revenue
- Rose 31% year-on-year, with existing stores growing 19%.
Sources
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