MSCI index inclusion drove passive investor demand for Adani stocks, while a recent report sparked a selloff in group shares.

The entities involved

• Adani Group →

  Indian conglomerate

  • Adani Group committed to investing over Rs 1,00,000 crore in West Bengal, including a proposed hospital in New Town.Fri 14:17
  • MLD and Adani Group consortium awarded a project to manage sewage entering the Mithi River.Fri 03:19
• MSCI →

  American financial service provider

  • MSCI downgraded information flow criteria for Indonesia, which influences the perception of the Philippine market.Mon 15:12
  • Market cap valuation of SpaceX is nearing parity with Amazon.com, while MSCI and FTSE Russell are considering adding SpaceX to their indices.Mon 03:37
• Hindenburg Research →

  Short-selling activist firm that publishes reports alleging fraud

  • The Central Election Commission faces criticism for its ruling style while the Adani Group is scrutinized over allegations published by Hindenburg Research.Wed 18:53

Related events

• Investors purchased Adani Group stocks during 2023.Aug 29
• Adani Group is based in India and operates globally, with Gautam Adani leading the conglomerate through market cycles.Jun 24
• Allegations by Hindenburg Research caused market value decline and investor concern regarding the Adani Group.Jun 7
• Adani Group and its subsidiaries are successfully raising capital through QIP, attracting increased exposure from global institutions like BlackRock.Jul 3
• Adani Power operates as a business arm of Adani Group in India, attracting investment from BlackRock and consortium Alpha Wave Global.Sep 9