The iShares MSCI India exchange-traded fund sank 2.2% in afternoon trading Wednesday, putting it on track for the lowest close since July 18, 2022, amid plunges in shares of some Adani-named companies. The biggest loser was coal and power trader Adani Enterprise Ltd.’s stock IN:512599, which plummeted 28.5% in India trading, followed by shares of ports operator Adani Ports & Special Economic Zone Ltd. IN:532921, which slumped 19.7%.
2% in afternoon trading Wednesday, putting it on track for the lowest close since July 18, 2022, amid plunges in shares of some Adani-named companies. The biggest loser was coal and power trader Adani Enterprise Ltd.’s stock 512599 , which plummeted 28.5% in India trading, followed by shares of ports operator Adani Ports & Special Economic Zone Ltd. 532921 , which slumped 19.7%.
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