Hindenburg vs Sebi clash: How Sensex, Nifty and Adani stocks may react on Monday morning
Hindenburg's fresh claims against Sebi chief Madhabi Puri Buch's family in the Adani controversy.
When the stock market opens for trading on Monday morning, there could be an initial knee-jerk reaction as some big investors may choose to play safe by keeping positions light and then wait for the issue to unfold.
«The market can correct a bit. There could be some impact on Adani stocks as well but I don't think there will be a very sharp reaction just the way it happened when Hindenburg released its first report in January last year,» independent market expert Ambareesh Baliga told ET Markets.
Most analysts are not expecting any big impact on the stock market.
«By and large, this is not going to have a major impact on the market on Monday morning. The market has been behaving in a very matured fashion. It is not as if the sky is going to fall down,» Kranthi Bathini, Director of Equity Strategy at WealthMills Securities, said.
While pointing out that share prices are slaves to earnings, he said, «The report is not going to have any impact on the earnings of any Adani Group companies. It will be business as usual for them. But if there is any impact on earnings, the market is going to respond.»
PMS fund manager Gurmeet Chadha said one should not overreact and let facts come out.
«Systematic attack on our companies & now regulator to undermine and create doubt on India story. RBI, SEBI are amongst the finest in the world. Do not overreact and let facts come out. This is not in isolation!,» he said on social
