Adani Stocks and Mid-Caps Decline as Profit-Booking Persists in Indian Markets

Monday, 18 March 2024, 04:37

The Indian blue-chip shares witnessed a decline amidst ongoing profit-booking, following a challenging week. Small- and mid-cap stocks continued their losses, primarily driven by valuation concerns. Notably, the NSE Nifty 50 index decreased by 0.24% to 21,970.80, reflecting market uncertainties.

https://store.livarava.com/6d94b2e0-e4f4-11ee-967c-5254a2021b2b.jpe — Adani Stocks and Mid-Caps Decline as Profit-Booking Persists in Indian Markets

Market Update:

Indian blue-chip shares fell on Monday, as broad-based profit booking continued, after logging their worst week in five months on Friday, while small- and mid-caps extended losses on valuation concerns.

Key Points:

Adani Stocks: Experienced a decline amid profit-booking.
Small- and Mid-Caps: Extended losses due to valuation concerns.
Market Indices: NSE Nifty 50 index lost 0.24% to 21,970.80.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.