Indian shares slide on growth fears; Adani group stocks fall

📆 1/25/2023 8:45 AM
📰 Reuters

⏱ Reading Time:
22 sec. here
2 min. at publisher
📊 Quality Score:
News: 12%
Publisher: 97%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Indian stocks opened lower on Wednesday on weak economic data from the United States that hinted at a possible recession, and downbeat growth outlook from companies.

said it holds short positions in the Adani Group companies through U.S.-traded bonds and non-Indian-traded derivative instruments, and flagged risks to the financials of key companies.

"Key listed Adani companies have also taken on substantial debt, including pledging shares of their inflated stock for loans, putting the entire group on precarious financial footing," Hindenburg said. Overnight, the S&P Global's Flash Composite Output index in the U.S. rose to 46.6 in December, official data showed. A reading below 50 indicates aWall Street equities ended mostly lower with S&P 500

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hindenburg says holds short positions in India's AdaniShort-seller Hindenburg Research said it holds short positions in India's Adani Group companies through U.S.-traded bonds and non-Indian-traded derivative instruments, sending shares of companies in the Indian conglomerate sliding Now we have Evergrande (Adani group) of India.
Source: Reuters - 🏆 2. / 97 Read more »