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Modi’s Slim Victory Wipes $45 Billion Off Adani Group Stocks in Worst One-Day Rout

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For the Adani empire’s stocks, an underwhelming election win for Narendra Modi’s party is worse than a short-seller attack.

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Adani Stocks Jump $20 Billion on Signs of Landslide Win for ModiIndian billionaire Gautam Adani’s firms rallied on Monday, adding almost $20 billion to the group’s market value, as exit polls strongly signaled a decisive victory for Prime Minister Narendra Modi’s party in the general elections that concluded Saturday.
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