Adani, Reliance Group stocks trade weak; RIL, Adani Ports down over 3%

A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai (Photo: Kamlesh Pednekar)
Shares of Gautam Adani led- Adani Group, Anil Dhirubhai Ambani Group (ADAG) and Mukesh Ambani led - Reliance Group companies were under pressure on Monday, falling by up to 7% on the BSE on Monday as Friday's exit polls predicted a tight finish between the Bharatiya Janata Party (BJP) and the Congress in Madhya Pradesh and Chhattisgarh and a win for the opposition party in Rajasthan.

Adani Transmission, Adani Power, Adani Enterprises, Adani Green Energy, Adani Gas and Adani Ports and Special Economic Zone of Adani Group stocks were down in the range of 3% to 7% on the BSE. 

Reliance Power, Reliance Communications, Reliance Capital, Reliance Home Finance, Reliance Infrastructure and Reliance Nippon Life Asset Management from ADAG companies trading lower in the range of 3% and 7%.

Mukesh Ambani led- Reliance Industries was down 4% at Rs 1,088, was the second largest loser among the S&P BSE Sensex today. In comparison, the benchmark index was down 2% or 714 points at 34,960.

While election experts consider it fallacious to extrapolate the Assembly poll results to predict the outcome of the Lok Sabha elections, the results are likely to be interpreted as a barometer of the public mood for 2019, the Business Standard reported. CLICK HERE TO READ FULL REPORT

ADANI GREEN 41.10 44.35 -7.33
ADANI POWER 48.90 52.45 -6.77
ADANI ENTERP. 143.05 152.80 -6.38
ADANI GAS 94.55 100.10 -5.54
ADANI TRANSMISSI 210.00 217.65 -3.51
ADANI PORTS 361.00 373.75 -3.41
REL. COMM. 14.72 15.76 -6.60
RELIANCE HOME 37.95 40.35 -5.95
RELIANCE NIP.LIF 167.80 178.30 -5.89
RELIANCE NAV.ENG 11.86 12.57 -5.65
RELIANCE CAPITAL 200.80 208.95 -3.90
RELIANCE POWER 26.75 27.70 -3.43
RELIANCE INFRA. 297.75 307.85 -3.28
RELIANCE INDS. 1088.50 1133.25 -3.95
REL. INDL. INFRA 303.70 313.70 -3.19
TV18 BROADCAST 33.20 34.15 -2.78
NETWRK.18 MEDIA 36.65 37.15 -1.35

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