RBI puts Adani Group on watchlist, asks Indian banks for details of exposure

[JackSeal]

The Reserve Bank of India (RBI) has sought details from local banks about their exposure to Adani Group companies, following a $100 billion wipeout in the cumulative market valuation of the conglomerate since last week.

Shares of Adani Group companies continued their downward spiral on the stock market on Thursday, even as the conglomerate’s billionaire owner, Gautam Adani released a video statement to calm investors.

[yemdoing]

If adani companies are over leveraged then shouldn’t they have done this before ? Not after one small company puts their research out in open . Haven’t they learned from malya, modi etc. ? 
 

if this is just to assure public things are monitored and under control then shouldn’t RBI issue a statement saying everything will be fine even adani goes belly up ? RBI waking up now is ridiculous,. 
 

yedo matlab jaruguthundi, they are playing with  public wealth . 

[Mr Mirchi]

Idhantha thusssss evvaaram le

[jalsa01]

27 minutes ago, JackSeal said:

The Reserve Bank of India (RBI) has sought details from local banks about their exposure to Adani Group companies, following a $100 billion wipeout in the cumulative market valuation of the conglomerate since last week.

Shares of Adani Group companies continued their downward spiral on the stock market on Thursday, even as the conglomerate’s billionaire owner, Gautam Adani released a video statement to calm investors.

IF Adani pumped up the stock price through shell companies by buying them then who is selling the shares now?

[yemdoing]

Just now, jalsa01 said:

IF Adani pumped up the stock price through shell companies by buying them then who is selling the shares now?

Interesting question 

[mettastar]

7 minutes ago, jalsa01 said:

IF Adani pumped up the stock price through shell companies by buying them then who is selling the shares now?

He is selling to book profits emo before it falls further 

[andhra_jp]

NSE puts Adani Enterprises, Adani Ports, Ambuja Cements under ASM framework amid stock rout

[yemdoing]

Just now, andhra_jp said:

NSE puts Adani Enterprises, Adani Ports, Ambuja Cements under ASM framework amid stock rout

Meaning ?

[JackSeal]

1 minute ago, yemdoing said:

Meaning ?

Stock exchange NSE has shortlisted a host of stocks under its Additional Surveillance Measure (ASM) framework on a short-term basis with effect from February 3rd. This would mean that intraday trading will also require a 100% upfront margin and will likely curb a lot of speculation and short selling.

[andhra_jp]

1 minute ago, yemdoing said:

Meaning ?

The ASM list is a list of securities that get monitored due to factors like price fluctuation, volatility, volume variance, etc. Stocks that are shortlisted for inclusion on the ASM list serve as a warning to investors about unusual price movement. There are certain trading restrictions on these stocks to put an end to any potential conjecture.

[yemdoing]

1 hour ago, JackSeal said:

Stock exchange NSE has shortlisted a host of stocks under its Additional Surveillance Measure (ASM) framework on a short-term basis with effect from February 3rd. This would mean that intraday trading will also require a 100% upfront margin and will likely curb a lot of speculation and short selling.

So essentially stock exchange is protecting adani from falling faster . Is this practice followed in USA exchanges ?

[TOM_BHAYYA]

Raguramarajan chemchas still working in rbi antunna true nationalists