Indian shares muted on Fed rate-hike concerns; Adani stocks tumble

  • 📰 Reuters
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

Indian shares struggled for direction on Thursday, on concerns over the U.S. Federal Reserve's rate-hike trajectory, while a drop in Adani Group company stocks also dampened sentiment.

Adani Group shares had recouped losses for two consecutive sessions after witnessing a sharp selloff following the U.S. short-seller Hindenburg Research's report, which flagged concerns regarding the conglomerate's financials on Jan. 24.

Index provider MSCI said on Thursday it had determined that some Adani securities should no longer be designated as free float.Several institutional investors and funds allocate as per the MSCI index and consider it a benchmark. If the weightage of Adani stocks gets reduced in the index following a review, it would lead to outflows and likely result in a slide in the group's stock, two analysts said.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

got it

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 2. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Indian shares rise after RBI rate hike; Adani stocks jumpIndian shares held steady on Wednesday after the Reserve Bank of India delivered a smaller interest rate hike as widely expected, while embattled Adani Group shares recouped losses for a second straight day.
Fonte: Reuters - 🏆 2. / 97 Consulte Mais informação »

Adani to repay over $1bn in debt early in a bid to halt stock market routAdani says it will repay over $1 billion in debt ahead of schedule in a bid to halt stock-market rout
Fonte: BusinessInsider - 🏆 729. / 51 Consulte Mais informação »

Adani group shares rally after $113 billion market wipeoutAdani group shares surged on Tuesday, a day after it moved to prepay some loans, in a relief rally for the Indian conglomerate that lost more than $113 billion in market value in two weeks since a U.S. short-seller's critical report was published. 😃
Fonte: Reuters - 🏆 2. / 97 Consulte Mais informação »