Shares of Adani Transmission and Adani Total Gas plunged by their daily 5 per cent limit on Monday after global index provider Morgan Stanley Capital International (MSCI) said it would reduce their weights in its indices, following a review of the public float.
Shares of Adani Total Gas closed at Rs 872.4 and Adani Transmission Rs 949.3 — both down 5 per cent and the only sellers on the counter.
Market players said Adani’s electric utility service and city gas distribution unit stocks would continue to hit the lower circuit spawned by changes by MSCI.
