Indian stocks opened lower on Wednesday on weak economic data from the United States that hinted at a possible recession, and downbeat growth outlook from companies.
said it holds short positions in the Adani Group companies through U.S.-traded bonds and non-Indian-traded derivative instruments, and flagged risks to the financials of key companies.
"Key listed Adani companies have also taken on substantial debt, including pledging shares of their inflated stock for loans, putting the entire group on precarious financial footing," Hindenburg said. Overnight, the S&P Global's Flash Composite Output index in the U.S. rose to 46.6 in December, official data showed. A reading below 50 indicates aWall Street equities ended mostly lower with S&P 500
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