Indian shares are set to open lower on Monday on a strong U.S. jobs report which renewed fears that the Federal Reserve could continue with its aggressive rate hikes to tame inflation, while the ongoing uncertainty in Adani stocks remained an overhang.
Adding to the woes in domestic equities could be the ongoing selloff in Adani group stocks, which has caused ain market capitalisation after the U.S. short seller Hindenburg's report on Jan. 24.
Analysts said that the selloff in Adani stocks has created panic in Indian markets. Ratings agency Moody's warned that the tumble in Adani group stocks could hit the conglomerate's ability to raise capital. Foreign institutional investors sold 9.32 billion rupees worth of shares on a net basis on Friday, while domestic institutional investors purchased 12.65 billion rupees of stocks, official data showed.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Indian watchdog tells investors markets stable despite Adani routIndia's market regulator moved to calm investor concerns on Saturday, saying that its financial markets remain stable and continue to function in a transparent and efficient manner, despite recent dramatic stock falls in Adani Group companies.
Leer más »
Adani Enterprises shelves $122 million bond planA US-based short-seller's report last week accused the group of engaging “in a brazen stock manipulation and accounting fraud scheme over the course of decades.”
Leer más »
India's Axis Bank says it is comfortable with exposure to Adani GroupIndia's Axis Bank on Saturday said its exposure to Adani Group entities stood at 0.94% of its net advances on Dec. 31, adding that it remained comfortable with its exposure.
Leer más »
India's market regulator says markets stable amid Adani stock routIndia's market regulator on Saturday said that Indian financial markets remain stable and continue to function in a transparent and efficient manner.
Leer más »