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Adani Group stocks fell as hopes of Australian government loan for coal mine fade.
Adani Enterprises Ltd shares dropped as much as 4.04 per cent to Rs 147.
The company faces likely block on A$900 million ($684 million) government loan to help build a giant coal mine in Australia, with the left-leaning Labor Party on track for re-election in a state poll.
The loan amounts to only fraction of the overall cost of constructing the Carmichael mine, but was seen as a first step in reaching financial close on a project that was delayed for years by environmental opposition.
Shares of Adani Ports & SEZ fell 1.7 per cent. However, Adani Power Ltd wiped off its initial losses and ended up by 3.25 per cent at Rs 36.55.
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