Rounak Jain27 Jan 2023, 16:25
The world’s fourth richest man, Gautam Adani, is now poorer by $22.6 billion after his companies lost nearly ₹3.22 lakh crore in market value. The benchmark indices Sensex and Nifty50, too, witnessed a sharp decline by 1.61% and 1.45% respectively, while the fear gauge, India VIX, shot up 18%. Five out of the seven Adani Group companies closed at their respective lower circuits on Friday.