Hindenburg vs Sebi clash: What could be the impact on Sensex, Nifty and Adani stocks on Monday morning
The Sensex and Nifty, which were under pressure due to global factors last week, will now face a domestic stress – Hindenburg’s fresh claims against the family of Sebi chief Madhabi Puri Buch in the Adani dispute.
When the stock market opens for trading on Monday morning, there could be some unexpected reaction initially, as some large investors may prefer to play safe by placing light bets and then wait for the matter to unfold.”The market might experience a minor correction. Adani stocks may also be impacted, but independent market analyst Ambareesh Baliga told ETMarkets, “I don’t think there will be any sharp reaction like when Hindenburg released its first report in January last year.” In general, the market on Monday morning won’t be significantly impacted. The market is acting in a very responsible way.
It is not like the sky is going to fall,” said Kranthi Bathini, director, equity strategy at Wealthmills Securities. Describing stock prices as slaves to earnings, he said, The findings of any Adani Group company will not be impacted in any way by the report. For them, it will be business as usual. However, the market will respond if earnings are impacted in any way.”
