Share prices of Adani Group companies nosedived in the morning hours of trade on Monday amidst across-the-board selloff. Shares of Adani Power(48.80) and Adani Enterprises(142.75) plunged the most, losing nearly 7 per cent of its value.
Other shares such as those of Adani Transmission, Adani Gas, Adani Green Energy also suffered heavy losses.
Following the global markets where investors took back their money owing to global economic tensions between the US and China, domestic equities suffer huge cuts in the opening hours on Monday.
At 3:17 PM, the BSE Sensex reads 34,956.17, down by 717 points(2.00 %), whereas the Nifty has lost 204 points, sitting currently at 10,488.90.