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Indian shares fall as Adani stocks weigh; CPI data eyed

  • 📰 Reuters
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  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 97%

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Indian shares on Monday retreated from record highs hit in the previous session, weighed down by Adani Group stocks, with investors awaiting consumer price inflation data (CPI) for May due later in the day.

that the National Securities Depository Ltd had frozen the accounts of three foreign funds that have a total investment of 435 billion rupees in Adani group companies.

Both the indexes posted their fourth straight weekly gain, on hopes that the economy would return to normalcy as several states eased COVID-19 pandemic restrictions. Investors now eye the CPI data, with a Reuters poll showing that the country's retail inflation likely rose last month after a three-month low in April on higher food and energy prices.

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