Sensex plunges over 750 points; Adani group stocks sink

Equity indices plunged on Wednesday with the benchmark BSE sensex falling over 750 points amid heavy selloff in financial and IT stocks. Adani group stocks were the biggest drags in the market today. Stocks of the seven listed Adani group companies fell between 1.5% and 9% after Hindenburg, a well-known US short-seller, said in a report that key listed companies in the group controlled by billionaire Gautam Adani had "substantial debt". https://ift.tt/3tC7WYT