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Signs that Adani shock for India's $3.1 trn stock market is ebbing fast

Fund managers see India's main equity indexes both ending the year higher than current levels, according to a Bloomberg News survey, as strong domestic demand boosts corporate earnings

Adani companies
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Photo: Bloomberg

Abhishek Vishnoi, Ashutosh Joshi and Ishika Mookerjee | Bloomberg
Signs are fast emerging that investors in Indian stocks are moving beyond the Adani Group’s woes. Local money managers are bullish on the outlook for the year ahead and overseas funds are starting to trickle back into the $3.1 trillion equity market.
 
A key share benchmark is climbing back toward an all-time high after retreating for a second month in January, when a scathing report on billionaire Gautam Adani’s empire by US short seller Hindenburg Research shook sentiment across the broader market. Fund managers see India’s main equity indexes both ending the year higher than current levels, according to a

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First Published: Feb 18 2023 | 8:05 AM IST

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