Business Standard

NSE removes Adani Ports, Ambuja Cements from surveillance framework

Shares of eight of the 10 group firms closed in the red, while two companies settled in the green territory on Friday

National Stock exchange, NSE
Premium

BS Reporter
National Stock Exchange (NSE) on Friday announced Adani Ports & SEZ and Ambuja Cements from the so-called short term ASM framework.

The move will reduce the margin requirement for traders while dealing in these stocks. These stocks were moved to the ASM list following the sharp correction seen triggered by the Hindenburg Research report on January 24.

Meanwhile. shares of most of the Adani group companies settled lower on Friday, with flagship company Adani Enterprises registering a 4 per cent slump, after index provider MSCI decision to cut the free-float weight of some companies of the conglomerate in their indices.

Shares of eight

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in