Trading on BSE (Bombay Stock Exchange) and NSE (National Stock Exchange) in India will remain closed for the entire session on Tuesday i.e. March 7, 2023. Trading will resume on Wednesday, March 8.
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Adani Group Fixed-Income Roadshow: The Adani Group will launch a worldwide launch this month in London, Dubai and several cities in the United States. fixed-income roadshow is organizing. Because the management wants to assure the investors that the financial condition of the company is completely under control. The Adani group management, including Adani Group Chief Financial Officer Jugshinder Singh, will participate in the roadshow, which will run from March 7 to March 15, the document showed. Investors are likely to seek assurance on this front during the roadshow.
The meetings could be crucial to Gautam Adani’s efforts to infuse confidence in his sprawling ports-to-power empire, which has been shaken by a report by US vendor Hindenburg Research that found stock manipulation and Allegations of accounting fraud have been made. The report reduced the group’s stock market value by $150 billion and caused a drop in bond prices.
Meanwhile, Indian shares gained for the second consecutive session on Monday. Most of Adani Group shares advanced after US boutique investment firm GQG Partners invested $1.87 billion in the group on Thursday. Group flagship firm Adani Enterprises was the top Nifty 50 gainer with a gain of 5.45%.
Share market will be closed today
Due to the festivals of Holi 2023 across the country, there will be no trading in the stock market today i.e. on 7th March 2023. According to the list of Stock Market Holidays 2023 available on BSE’s official website – bseindia.com, trading on BSE (Bombay Stock Exchange) and NSE (National Stock Exchange) will remain closed for the entire session on Tuesday i.e. March 7, 2023. Trading will resume on Wednesday, March 8.
These changes will be applicable from March 31
Let us tell you that in other news, NSE changed its indices on Monday. The exchange has dropped four Adani firms from its Nifty Alpha 50 list. Notably, NSE removed most of the Adani firms from its Alpha Index for Nifty 100 or Nifty 200. The replacement strategy is done on the basis of a quarterly review of the indices. These changes will be applicable from March 31, 2023.