Indian shares muted on Fed rate-hike fears; Adani stocks resume fall

Adani Group shares had recouped losses for two consecutive sessions after a sharp selloff following U.S. short-seller Hindenburg Research's Jan. 24 report, which flagged concerns regarding the conglomerate's financials.

However, index provider MSCI on Thursday said it had determined that some Adani securities should no longer be designated free float. Several institutional investors and funds allocate per the MSCI index weighting and consider it a benchmark. If the weightage of Adani stocks slips following a review, it could lead to outflows and a further slide in value, two analysts said.Governor Christopher Waller said that the battle to reach Fed's 2% inflation target "

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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 group stocks surge after $113 billion market wipeoutShares in India's Adani Group rallied on Tuesday a day after it prepaid some loans, bringing relief to investors that have seen $113.6 billion wiped off the conglomerate's market value since a U.S. short-seller published a critical report two weeks ago. HindutvaTerrorism
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