Stock market analytics, financial forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

India dropped out of the top-5 markets in the world amid the collapse of Adani shares


February, 02 2023
watermark Economic news

The fall in the shares of the Indian industrial conglomerate Adani Group cost India a place in the top five world stock markets. As a result, the Indian stock market gave way to the French market, which rose to fifth place in the world.


Analysts note that the capitalization of the Indian stock market at the end of January fell to $3.2 trillion. The difference with the UK, which is in seventh place, is just over $100 billion.


It is noted that the Adani group units lost a total of about $75 billion in market value after four sessions of falling. India may fall even lower in the ranking of the world's largest stock markets if the trend of falling of their quotations continues.


Shares of Indian companies began to decline last week after the American company Hindenburg Research published a report on the alleged abuses of Adani Group. In response, the company stated that the Hindenburg Research report is «a combination of selective misinformation and outdated, baseless and discredited allegations that have been verified and rejected by the highest courts of India.»


Nevertheless, since January 25, eight Adani Group companies have made the main contribution to the decline in the MSCI India index by 3.6%. The founder of the conglomerate, Indian tycoon Gautam Adani, has lost $36.1 billion since the beginning of 2023.


Feedback

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.