The market closed mixed with Sensex and Nifty underperforming the broader markets

Nifty 50 started today’s trading session 786.9 points below its record high of 25,078.30.

Reliance, NTPC, SBI, M&M and Bharti Airtel were the stocks that contributed the most to the decline in the Nifty 50 index

While the past week was full of anxiety, this new, shortened week is likely to bring many surprises as well.

Over the weekend, US short-seller Hindenburg Research alleged that market regulator SEBI’s reluctance to act against Adani Group could be linked to its chief executive Madhabi Puri Buch having stakes in offshore funds linked to the company. In response, Buch called the claims “baseless” and said they were an attempt at “character assassination.”

Shares of most Adani Group companies have recovered losses suffered after Hindenburg’s first report in January 2023. However, the latest report will put the group’s shares in the spotlight again this week.

Apart from this, REITs will also be in the spotlight as a new report also claimed that SEBI regulations on REITs have benefited Backstone, which sponsors three of the four listed REITs in India. Buch’s husband Dhaval Buch was a senior advisor at Blackstone.

Today, stocks in focus include Bharat Dynamics, 360 One WAM, Embassy Office Parks, MindspaceREIT, Nexus Select Trust, Jubilant Foodworks, Siemens, Honasa Consumer, Sun TV, Balkrishna Industries, Sterling & Wilson Renewable Energy, ONGC, Shipping Corporation of India, Mazagon Dock Shipbuilders, Metropolis Healthcare, IOL Chemicals and Metro Brands.