Sanjay Asher, Senior Partner at Crawford Bayley & Co, states that there is a legal divide among international banks regarding their support for the Adani Group. Japanese and Middle Eastern banks seem supportive after thorough analysis, while some European banks like Barclays and Jefferies are cautious. Investors should view these developments from a medium to long-term perspective.
West Asia tensions rattle capital goods stocks; L&T, KEC slide
Engineering and capital goods stocks are under pressure due to the Iran-Israel conflict, with the BSE Capital Goods index falling nearly 4%. Companies like Larsen