Three of Adani Group stocks see circuit limit revised to 10 per cent!

On the daily chart, the Nifty formed a bullish candle with long lower shadow, indicating sharp recovery from the lower levels.

The Nifty witnessed high volatility on Monday and closed the day with modest gains of 0.25 per cent. After opening the session on a negative note, the Nifty made an intraday low of 17,405.55 and thereafter, the index made a recovery to close above the 17,600 mark.

On the daily chart, the Nifty formed a bullish candle with long lower shadow, indicating sharp recovery from the lower levels. Going forward, the level of 17,740-17,800 level is likely to act as a strong resistance for the Nifty in the near term.

Talking about stock specific action, Adani Group stocks were in limelight and some of the stocks from this group hit lower circuit limit and in view of high volatility seen in these stocks, BSE has decided to revise circuit limit of 10 stocks which includes three stocks of Adani Group.

These are 10 stocks where the circuit limit has been revised : Adani Total Gas, Adani Transmission, Adani Green Energy, GTL, Hanman Fit, Family Care Hospitals, Link Pharma Chem, Sharanam Infraprojects and Trading, Capitan Pipes & Vaxfab Enterprises. Cricuit limit will be effective from January 31. 

Adani Total Gas, Adani Transmission, Adani Green Energy, GTL, Hanman Fit & Family Care Hospitals circuit limit has been revised to 10 per cent.