Indian shares sink; Adani Group stocks plunge to lower circuit

  • 📰 Reuters
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 97%

مصر أخبار أخبار

مصر أحدث الأخبار,مصر عناوين

Indian shares fell more than 1% to an over three-month low on Friday as some Adani Group companies plunged 20% and hit their lower circuits in the wake of a short-seller attack on the conglomerate, which also dragged down financials.

were the worst performers on the Nifty 50, plunging more than 20% each.$2.45 billion follow-on public offering"The selloff is seriously extreme in the sense that day before yesterday Adani Group stocks saw a huge fall in market cap and today the same kind of episode is repeated," said Saurabh Jain, assistant vice-president, research, SMC Global Securities.

"It has clearly dented overall investor sentiment. The nervousness has led to a fall in stocks across the board. When a selloff of this kind of magnitude is seen in a very short span of time, investors sell other stocks where they are in the money."

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

its going to hurt lot of people invested in this crook AdaniOnline but hope and pray these m0f0s end up paying for their crimes.

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 2. in EG

مصر أحدث الأخبار, مصر عناوين