Bankers on the $2.5 billion share sale of India’s Adani Enterprises are considering extending the sale or cutting the issue price after shares plunged on a U.S. short seller’s report, said three people familiar with the deal. Among the options the bankers are considering are to extend the Tuesday closing date for the subscription of […]
Indian equity indices ended Wednesday’s session in the red. The Sensex closed below 61,000 while the Nifty settled below 18,150. The top gainers of the BSE Sensex were Titan (up 2.74%), Mahindra & Mahindra (up 1.81%), Power Grid (up 1.39%), Maruti (up 1.27%) and IndusInd Bank (up 0.72%) while Bharti Airtel (down 1.44%), Axis Bank […]
Bank Nifty has fallen sharply, by 3%, YTD and is struggling to regain momentum. Traders and investors alike were concerned about the Indian banking sector’s exposure to the Adani Group, heightened inflation, and a shift in FII’s behavior. Some experts believe that the index is stuck in a sideways consolidation, failing to surpass the Budget […]
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