Late November, the Gautam Adani-owned group was hit by indictment charges from the US judicial and regulatory platforms, although the management of the conglomerate denied the misdemeanour charges involving some entities.
The consecutive falls that resigned Nifty to a close below lower bollinger band on Friday raises the prospects of a mean reversion move. Further, 20-week
Brent crude futures dropped $4.89, or 5.05%, to $91.89, after briefly falling below the key $90 support level earlier in the session. US West Texas
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