As the Hindenburg saga resurfaces, here's a technical check on Gautam Adani-led Group stocks for the likely trend ahead.
Hindenburg has escalated its attack by targeting Sebi Chairperson Madhabi Puri Buch. The short-seller alleges conflicts of interest and undue favoritism towards the Adani Group.
All you need to know before market opens on Monday: GIFT Nifty hints at a marginal dip in the aftermath of Hindenburg attack; FIIs remain net long in index futures; 15 stocks in F&O ban period today.
Madhabi Puri Buch on Sunday rebutted fresh allegations made by New York-headquartered Hindenburg Research in the Adani matter
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Says fund in which the Buchs invested focused on debt, maintains no investor had any role in its ops
The Congress said the Supreme Court should take suo motu cognisance of the "entire scam" and investigate it under its aegis
The Securities and Exchange Board of India (Sebi) has intensified its crackdown on financial influencers who spread misinformation or violate its guidelines
Regulator asks investors to exercise due diligence before reacting to reports
Opposition parties claimed govt cut short Budget session to avoid questions on the issue
Sebi chair proves to be a hot seat
Dhaval Buch's association with PE major Blackstone not on real estate side, clarifies couple
In a statement to the stock exchanges on Sunday, an Adani group spokesperson said the latest allegations by Hindenburg are malicious, mischievous, and manipulative
A decade ago, Sebi approved a long-pending proposal to introduce REITs in India, creating a new investment avenue for institutional investors, wealthy individuals, and eventually ordinary investors
The statement also said that Madhabi's two consulting companies immediately became "dormant" on her appointment at Sebi in 2017 as a whole-time member
Hindenburg accused Buch and her husband of having undisclosed investments in obscure offshore funds in Bermuda and Mauritius
Analysts believe that these statements are mere allegations, which, at best, can trigger a knee-jerk reaction in the markets when they open for trade on Monday
Amidst allegations from Hindenburg, the couple stated that they never had exposure to Adani firms
Custodians say investment in Adani-linked offshore fund could be a case of bad luck
Sebi stated that these measures are aimed at enhancing investor protection and promote market stability in derivative markets