Securities and Exchange Board of India (SEBI), recently imposed restrictions on Mohammad Nassiruddin, widely known as 'Baap of Charts' on social media, along with two other influencers. They were barred for offering investment advice without the necessary registration. However, two well-known financial influencers, Super Trader Lakshya and Sivakumar, expressed their views on CNBC-TV18. They acknowledged that becoming a registered investment advisor is a challenging process and might be an unreasonable demand on the industry. Still, they emphasised the importance of influencers refraining from offering stock tips.

From the September 15 peak of 20,222, the Nifty 50 is down nearly 1,400 points. Half of that drop has come courtesy of the heavyweights - HDFC Bank, Reliance Industries, ICICI Bank and Infosys.

Adani Group stocks have been under pressure recently with their overall group market capitalisation falling below the Rs 10 lakh crore mark on Monday for the first time since May this year.

The IPO's size remains consistent at Rs 1,700 crore, with Rs 400 crore allocated to fresh issue and the remaining amount earmarked for an offer for sale by existing shareholders.