Most of the Adani Group companies fell in the morning trade on Friday and flagship Adani Enterprises tumbled 10 per cent after index provider MSCI decided to reduce the weightage of four firms in its indices following a review.
Amid volatile trading in the market, seven Adani Group firms were in the negative territory while three others were in the green.
Adani Enterprises plunged 10 per cent to Rs 1,734.60 per share, its lower price band on the BSE, and the company’s market valuation dropped to Rs 2.14 lakh crore.
In the morning session, Adani Power fell 5 per cent to Rs 164.30 and touched its lower price band. Similarly, Adani Transmission dropped to Rs 1,186.15, Adani Green Energy to Rs 723.90 and Adani Total Gas to Rs 1,258.25. All these scrips declined 5 per cent each.
