Adani Group shares are witnessing a sharp decline today. The biggest weakness is in Adani Energy Solutions. On Thursday, this stock was seen trading at ₹ 977 per share with a decline of more than 9% at one point. Actually, this stock has not been included in the MSCI Global Index. The reason behind this is being said to be the show cause notice issued by SEBI after the allegations leveled against the company by Hindenburg.

The market was expecting that this time in rebalancing, Adani Energy Solutions is expected to be included in the MSCI Global Index. During this time, Voltas, BES, Kalyan Jewellers, Oberoi Realty and Alkem Labs have got a place in the index.

What did MSCI say? MSCI said that according to the disclosure available in the public, SEBI has issued a show cause notice to Adani Energy Solutions regarding irregularities in the shareholding of some entities. In such a situation, given the uncertainty in the free float shareholding pattern, MSCI is assuming that foreign or domestic shares have not increased in the company's shareholding. MSCI also said that it is continuously monitoring the Adani Group and its related securities. Let us tell you that recently Adani Energy Solutions had informed about receiving a show cause notice from SEBI. These 2 stocks of Adani Group also declined MSCI has also reduced the float in two companies of Adani Group. These companies are Adani Green Energy and Adani Power. Adani Energy is also trading with a decline of 3%. Nuvama estimates that due to the reduction in weightage in it, an outflow of $ 173 million was seen. Similarly, Adani Power also saw a decline of about 1.6%. Nuvama estimates that this stock may see an outflow of $ 111 million. Meanwhile, MSCI has increased the weightage of HDFC Bank. After this, an inflow of $ 1.9 billion is expected in the stock.