India's stock markets have been on a wild roller-coaster ride since tycoon Gautam Adani's business empire came under siege from a US short seller.has gotten so bad that even India's market regulator stepped into the fray on Saturday, to calm investor concerns.
Collectively, the rout wiped off more than $110 billion from 10 companies related to the Adani Group as of Friday, perJittery investors are keeping up the pressure on Indian stocks — the Sensex is trading 0.5% lower at 1.45 p.m. local time today while the Nifty 50 was down 0.5%. The benchmark Sensex and Nifty 50 indices have already lost 0.5% and 1.4% this year so far.
Pump and dump!
It’s pure politics and market manipulation by vested interests and nothing to do with reality
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Source: Reuters - 🏆 2. / 97 Read more »