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

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.

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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.
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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
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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. 😃
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