Summons have been sent to Adani’s Shantivan Farm residence in Ahmedabad and his nephew Sagar’s Bodakdev residence in the same city for a reply to SEC within 21 days.
According to analysts, the Nifty50 index witnessed a strong recovery as the index moved back above the 200-day moving average, indicating an improving trend. Additionally, the Nifty has broken out of a few days of congestion on the daily timeframe.