Indian shares set for muted open; Adani Group stocks in focus
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 27 2024
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Source: Reuters
Adani Group Troubles: Indian shares are expected to open quietly as Adani Group faces significant challenges following U.S. indictments of its executives for alleged bribery, leading to a loss of approximately $34 billion in market value and downgrades from credit rating agencies.
Market Movements: The Nifty 50 index is about 8% below its record highs, with foreign institutional investors returning to buy Indian shares after a long selling streak, while NTPC Green prepares for its stock market debut amid positive bidding for its IPO.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
