All Adani Group stocks ended lower on Monday led by Adani Ports Ltd. and Adani Power Ltd., both of which fell between 5% to 6%.

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Overall, the group lost Rs 34,000 crore in market capitalisation. Adani Power lost over Rs 9,000 crore in market capitalisation, while Adani Ports lost Rs 8,600 crore in overall market capitalisation.

Adani Ports ended as the top loser on the Nifty 50 index due to the impact of the Israel-Palestine war. The company is the owner and operator of the Haifa port in Israel.

In a clarification to the exchanges this afternoon, Adani Ports said that it is closely monitoring the situation on ground in South Israel. The Haifa port is situated in North of Israel and contributes 3% to the company's total cargo volume.

For the first half of financial year 2024, Adani Ports reported total cargo volumes of 203 MT, of which 6 MT came from the Haifa port.

The Port of Haifa is the second largest port in Israel in terms of shipping containers and the biggest in shipping tourist cruise ships.

Here's a look at how the Adani Group stocks ended on Monday:

At the end of the day, the Adani Group ended with a combined market capitalisation of Rs 10.5 lakh crore.

First Published:Oct 9, 2023 3:33 PM IST