In the year 2023, Hindunberg has released a report on Adani and because of that Adani shares have fallen by over 70% and thus Indian Stock market have taken a hit. And yesterday they have released one more research in lines of Adani, accusing current SEBI Chief.
PC: Pixabay.com
Hindunberg are short seller and thus they create the research and thus earn money by short selling. Previously they have earned heavily because of Adani research. And now with the SEBI chief they might earn a lot. This time it might impact the whole Indian Stock market and not just the Adani shares. Actually it is line with the Sdan8 research.
Hindunberg are accusing SEBI chief because they have given a clean cheat to the Adani. The research shows that the SEBI Chief Madhabi Buch and her husband are part of Adani Offshore company and they are getting income from it. And because of that the SEBI Chief has not taken any action till now. And that's why there is one more research including both the Adani and the Sebi chief.
And because of that the stock market might react badly tomorrow and thus we might see some action from the government too. I know the government doesn't support an US firm rather than the Indian SEBI chief but what if there is a protest from the government and we will see some action. So overall, for me tomorrow might be just a wait and watch game and see how the market reacts.
In my opinion the market will be down but not that much. May be because the foreign investors have pulled out a lot of the money from Indian market and now it's mostly DIIs and Retail investors. And if they dont think Hindunberg reaseach as worthy, then there will be minor down and then the market will fly again.
