Thu Nov 21 07:37:30 UTC 2024: ## Adani Indictment Weighs on Indian Markets

**MUMBAI, INDIA** – Indian stock markets experienced a downturn today, with the Sensex and Nifty 50 indices trading lower. The decline is attributed to the indictment of Adani Group chairman Gautam Adani in New York on charges of multibillion-dollar bribery and fraud. The news triggered a sell-off in Adani Group stocks, impacting the broader market performance. Pranav Mer, Vice President of Commodity & Currency Research at JM Financial Services, noted the impact of the indictment. Moody’s ratings on the Adani Group are also being closely watched.

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