News > Weak economic data: Indian shares slide on growth fears; Adani group stocks fall
Weak economic data: Indian shares slide on growth fears; Adani group stocks fall
25/01/2023 01:30 PM | Click to read full article
Thirty-seven of the Nifty 50 constituents declined, with Adani Ports and Adani Enterprises among the top losers. The slide comes after short-seller Hindenburg Research said it holds short positions in the Adani Group companies through U.S.-traded bonds and non-Indian-traded derivative instruments and flagged risks to the financials of key companies. Overnight, the S&P Global's Flash Composite Output index in the US rose to 46.6 in December, official data showed.