Share Market Today / Will there be chaos in the stock market again after Hindenburg's new allegations? Find out

In a new report by American short seller company Hindenburg Research, several allegations have been made against SEBI Chairperson Madhavi Puri Buch and her husband Dhawal Buch regarding the Adani Group. The SEBI chief and her husband have issued a joint statement rejecting Hindenburg's allegations outright and calling it completely baseless. Adani Group has also described the new allegations of Hindenburg Research

Vikrant Shekhawat : Aug 12, 2024, 08:38 AM
Share Market Today: In a new report by American short seller company Hindenburg Research, several allegations have been made against SEBI Chairperson Madhavi Puri Buch and her husband Dhawal Buch regarding the Adani Group. The SEBI chief and her husband have issued a joint statement rejecting Hindenburg's allegations outright and calling it completely baseless. Adani Group has also described the new allegations of Hindenburg Research as malicious and selectively manipulating public information. Adani Group has clarified that it has no commercial relationship with the chairperson of market regulator SEBI or her husband. SEBI has also advised investors not to panic and sell shares out of fear. SEBI has said that one should not get caught in the confusion of the Hindenburg report. However, despite this, big fluctuations can be seen in the Indian market today. Let us know how the market can move today? What can be seen in the market today?

Nifty-50 and BSE Sensex have seen big fluctuations during the last one week. Market experts say that after Hindenburg's new allegations, the market may see volatility even today. The market may see a decline in early trade on Monday. However, there is no possibility of a big decline right now. There is also full hope of improvement in the market after early trade.

Risk will be high in mid and small caps

Market experts say that small caps, mid caps are trading at very high valuations in the Indian stock market. If the market falls, then a big correction can be seen here. Small cap, mid cap investors need to be careful but there is no possibility of a big decline in the market. This time the panic atmosphere will not be seen like before.

Fall in GIFT Nifty

Let us tell you that GIFT Nifty is trading at 24,370 with a decline of 10.50 points or 0.04%, indicating a negative start for domestic indices NSE Nifty 50 and BSE Sensex. On Monday morning, Asian markets opened with gains after a volatile week that saw a sharp recovery after a massive sell-off. Japan's Nikkei 225 rose 0.51% to 35,025. Korean index Kospi rose 1.24% to 2,588.43. However, Asia Dow was trading 1.91% higher at 3,387.54. Benchmark Chinese index Shanghai Composite fell 0.27% to 2,862.19.