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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