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Indian shares volatile as key Adani stocks arrest slide

  • 📰 Reuters
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  • 📊 Quality Score:
  • News: 10%
  • Publisher: 97%

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Indian shares were volatile in morning trading on Monday, mirroring financials, ahead of the Union budget, while select Adani Group stocks arrested the recent slide after a short-seller attack on group companies triggered a sell-off over the previous two sessions.

Twenty-one of the Nifty 50 constituents advanced while 29 declined. Shares of Bajaj FinanceForeign institutional investorsInvestors will also shift focus to India's Union budget on Feb. 1, with the government's fiscal consolidation path and borrowing calendar for fiscal 2024 as triggers.

Besides the Union budget, analysts also said rate decisions by global central banks and January automobile sales data would determine the mood in the market. The U.S. Federal Reserve, European Central Bank and the Bank of England are scheduled to announce their rate decisions, later this week.

 

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Indian shares set to rise after a rout set off by Adani stocksIndian shares are set to open higher on Monday tracking gains in global equities on hopes of the U.S. Federal Reserve easing its aggressive monetary policy stance, erasing some of the losses over the previous two sessions due to a sell off in Adani Group stocks. You're obsessed with this stock, in bed with the short sellers? Adami stocks went down because of B.B.C propaganda. All western media outlets have become propaganda outlets including Reuters. People are not willing to believe anything that your lot says anymore
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