On the first trading day of the week, today, Monday (17 April), the Indian stock market is experiencing a significant decline. The Sensex is declining by more than 700 points It is trading under sixty thousand In addition, the Nifty has lost over 150 points.

Earlier, the Sensex opened at 60,385, 46 points lower. Nifty also opened at 17,863, a loss of 35 points. Sensex’s 20 shares are gaining momentum, while 10 of the index’s 30 shares declined during opening trading

9 out of 10 shares of Adani Group fell.

Today, nine out of ten Adani Group shares are declining and only one is increasing in value. At 9:30 in the morning, shares of Adani Enterprises, the group’s flagship entity, were down 0.73 percent. NDTV shares also declined by 1.20 percent. Shares of Adani Green Energy are gaining 1.

0.73 % decline in Adani Enterprises’ share price

Adani Enterprises-0.73%
Adani transmission-0.64%
Adani Ports-0.34%
Adani Wilmer-1.29%
Adani Power-0.37%
Adani Total Gas-0.06
Adani Green Energy+1.00%
Ambuja Cement-1.11%

The market surge on April 13

Earlier on Thursday, April 13, it was observed that the stock market was gaining momentum. Sensex was off at 60,431 with a lead of 38 points. Simultaneously, there was a 15-point increase in Nifty’s speed. It closed with a value of 17,828 Sensex had experienced a significant decline in 18 of 30 stocks and a decline in 12 stocks.

Today's stock market drop: Fall of almost 700 points in Sensex, weakness in 9 of 10 Adani Group shares 2023 2

Weekly forecast of the market

The Indian stock market may also experience a surge the following week. Several companies, including ICICI Bank, Yes Bank, HCL Tech, and Tata Communication, are expected to report their Q4 earnings in the upcoming week, which will be the bull’s-eye.

These traders will determine the market’s next move.

On Monday, April 17, results from Angel One, Just Dial, Network-18, and Quick Heal Technologies are expected. Crisil, ICICI Lombard General Insurance Company, and Tata Coffee will also relist on April 18. On April 19, the results of the communication between Mastek and Tata will be announced.

Siente, HCL Technologies, and ICICI Prudential Life Insurance Company will also release results on April 20; Tejas Network, ICICI Bank, Yes Bank, and Hindustan Zinc will do so on April 21.