The Adani Group has seen its stock prices fall this week as two of its subsidiaries, Adani Transmission Ltd. and Adani Total Gas Ltd., were dropped from the MSCI India gauge. This move is likely to trigger around $390 million of selling by passive funds, Brian Freitas, an independent equities analyst who publishes on Smartkarma, predicted earlier. Adani Enterprises Ltd., the flagship of the group, is also set for a weekly loss of almost 4%.
US stocks today: US stocks rise as energy costs weigh on Fed rate decision; Dow ends 55 points higher
US stock markets saw gains as Wall Street closed higher. Travel stocks like Delta Air Lines and American Airlines Group rebounded. The Federal Reserve commenced