India’s securities regulator said markets were stable and protected from further volatility, following a phenomenal share rout that hit the business empire of tycoon Gautam Adani. Photo: Reuters/File
After Adani stock market rout, Indian regulator tries to reassure investors
- Regulators said it they ‘put in place a set of well defined, publicly available surveillance measures’ for addressing excessive volatility in specific stocks’
- The combined market cap of Adani Group’s listed companies collapsed by US$120 billion since a US short-seller released an explosive report in late January
India’s securities regulator said markets were stable and protected from further volatility, following a phenomenal share rout that hit the business empire of tycoon Gautam Adani. Photo: Reuters/File
