Indian equity markets experienced sharp profit-taking, with the Nifty slipping below the crucial 26,000 mark and breaching 25,950, signaling heightened near-term volatility. Experts anticipate this uncertainty to persist until early next week, awaiting U.S. Supreme Court developments. A potential downside to 25,700 is noted if the Nifty sustains below 26,000.
Adani Electricity Mumbai secures sovereign-grade rating after years of deleveraging
Adani Electricity Mumbai has secured a AAA credit rating from India Ratings, placing the private utility on par with India’s sovereign credit profile. The upgrade