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Supreme Court reviews Adani gold jewellery trading allegations

pre-market1 source ↓written by the desknot a recommendation

The Supreme Court of India is reviewing the Customs Department's appeal against a CESTAT ruling favoring Adani Exports in a case of alleged circular trading of gold jewellery. The DRI accused the company of inflating export values through lower purity jewellery, impacting duty-free import benefits. This scrutiny may affect market sentiment around the company’s operations and compliance.

• Allegations involve exporting gold jewellery with glued stones

• Claims of misuse of duty-free benefits under the Advance Licence Scheme

• Adani Exports maintains exports were genuine, backed by documentation.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 3 Nov 2025, 07:07 IST.

Sourcesnews.google.com

The market after the news

ADANIGREEN closed −3.0% on the day of the news, from ₹1,140.00 to ₹1,105.20; Nifty +0.2% over the same session; futures OI +1.5%.

Bulletin at 07:07 IST on 3 Nov 2025. Every change is measured from ₹1,140.00, the last close before it, on 31 Oct. Nifty 50 is measured over the same sessions.

  • ADANIGREEN close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
ADANIGREEN closes around the bulletin against the close before the news, with Nifty 50 rebased to it100411381272axis spans 27%before the news · 31 Oct1140Nifty 50ADANIGREENbulletinD0+1+3+527 Oct7 Nov18 NovFutures open interest, lotspeak 41,000Reference close ₹1,140.00. 16 sessions from 27 Oct to 18 Nov; the price axis spans 27 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before31 Oct₹1,140.00basebase
On the day3 Nov₹1,105.20▼ −3.0%▲ +0.2%−3.2 pp difference
+1 session4 Nov₹1,086.40▼ −4.7%▼ −0.5%−4.2 pp difference
+3 sessions7 Nov₹1,059.80▼ −7.0%▼ −0.9%−6.2 pp difference
+5 sessions11 Nov₹1,044.20▼ −8.4%▼ −0.1%−8.3 pp difference
Gap at the open, % · ₹
0.0%0.00 on 3 Nov
Day's range, % · ₹
6.1%≈ 69 high to low
Volume on the day
1.36×the 20-session average
Futures OI on the day
▲ +1.5%+450 lots · short build-up · price −3.0%
Futures OI open, lots
30,0003 Nov · 25 Nov expiry
Futures premium, ₹
+4.80+0.4% to spot
Puts per call, by OI
0.67from 0.85 the session before
Max pain
1,100from 1,100 the session before

Source NSE UDiFF bhavcopy · ADANIGREEN on the desk →

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