Adani Enterprises lost more than 3%, followed by Adani Power, Adani Total Gas, and Adani Wilmar, which fell more than 1%, and Adani Ports & SEZ, Adani Energy Solutions, and Adani Green Energy, which sank 0.7%-1%.

The Supreme Court will hear the Adani-Hindenburg issue today, taking up the market regulator Securities & Exchange Board of India's (SEBI) new status report.

Last month, a PIL in the Adani-Hindenburg case accused SEBI of withholding critical information from the Supreme Court and concealing the Directorate of Revenue Intelligence's (DRI) letter on alleged stock manipulation by the Adani entities.

Sebi informed the Supreme Court in August that it had concluded its investigation into all but two claims against the Adani Group, and that it is still awaiting information from five tax havens on the actual owners of the foreign organizations that have invested in the conglomerate.

Meanwhile, the Supreme Court of India got a new petition last month contesting the credibility of the existing expert committee investigating the Hindenburg report on Adani Group, which accused it of stock manipulation. 

The petition requested that the Supreme Court appoint a fresh panel of individuals with pristine integrity and no conflicts of interest in the Hindenburg report subject.

In January of this year, US-based short seller Hindenburg Research accused Adani Group of accounting fraud, stock price manipulation, and unlawful use of tax havens. The story sparked a stock market rout of Adani group shares, wiping away about $150 billion in market value at its lowest point.

Following this, the Supreme Court directed SEBI to investigate the accusations and report back. In March, a separate six-member expert team was formed to investigate the regulatory aspects of the claims, which comprised a former judge and seasoned bankers.

That panel stated in May that the SEBI's investigations have so far yielded no results, and that the current inquiry is a "journey without a destination."