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Adani Group stocks plummet as stock market crashes! M-cap falls by Rs 3 lakh crore
Credit: IndiaTimes- Published on June 4, 2024
Gautam Adani's conglomerate faced a significant decline in shares as Lok Sabha counting indicated that Modi-led NDA may not secure as many votes as predicted by exit polls . Adani Ports, led by Gautam Adani, tumbled by 20%.
Video credit: Oneindia
Published on June 4, 2024 - 08:53
LS Results 2024: Rahul Gandhi Says the Fight Was to Save The Constitution And I.N.D.I.A Has Won
As the counting trend suggested major gains for the Opposition's INDIA alliance in the Lok Sabha election, Rahul Gandhi slammed the Narendra Modi-led government and said that the Opposition fought this election not just against the BJP but all the institutions it had "captured." "We fought this election against the Bharatiya Janata Party, Indian governance structure, probe agencies, judiciary and other public institutions, since these all had been captured by the Modi government," Gandhi said. "The public directly related Modi and Adani. If Modi loses, the stock market says Modi is gone so Adani is gone. There is a direct relationship of corruption between them," he alleged. Indian stocks suffered their worst intraday fall since March 2020 on Tuesday, as vote counting trends in the general election suggested Prime Minister Narendra Modi's alliance was unlikely to win the overwhelming majority predicted by exit polls.
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