What’s Next for Adani Group After Short Seller Hindenburg Report Wipes Out Over $50 Billion in Market Value

Indian stock markets were rattled last week by the attack on the Adani Group from US activist investor and short-seller Hindenburg Research’s report into the Indian conglomerate caused Adani’s shares to fall spectacularly. Five of the seven listed Adani Group companies ended the day after 16% to 20% lower, and the other two were halted at the maximum 5% permitted by India’s exchanges for their stocks. Indian stocks had been at all-time highs just over a month ago, the market’s … Continue reading “What’s Next for Adani Group After Short Seller Hindenburg Report Wipes Out Over $50 Billion in Market Value”

India’s Sensex Stock Market Performed the Best in Asia in 2022, Closing Up 4.4% in 2022

India’s blue chip Sensex stock market ended up +4.4% at 60,840 for the year, it was the only major Asian stock market to finish green in 2022. The Indian market hit in all-time high in December. On the last day of the trading year the Sensex was down -0.5% and +1.7% for the week. This was the seventh consecutive year of gains but the smallest since 2018. Growth in the Indian economy overcame high inflation and interest rate hikes by the RBI … Continue reading “India’s Sensex Stock Market Performed the Best in Asia in 2022, Closing Up 4.4% in 2022”