Adani group issued a strong 413-page rebuttal against a Hindenburg Research report on its debt positioning.

Adani Enterprises and Adani Ports shares opened upside and hit upper circuit, while ACC and Ambuja Cements also witnessed buying interest.

 Adani Power and Adani Total Gas share prices opened downside and hit lower circuit.

Adani Green Energy shares hit a 52-week low.

Adani group stated that the Hindenburg report was made with the intention to profiteer and was neither "independent" nor "objective".

 The group claimed 68 out of 88 questions posed by Hindenburg were already disclosed by Adani companies and the remaining were baseless allegations.

Adani group considered the Hindenburg report as an attempt to sabotage their FPO and an attack on their stakeholders' trust.

 Hindenburg report led to increased scrutiny from SEBI and MSCI.