Hindenburg vs Sebi, Adani stocks, global markets: Guide for Nifty on Aug 12 | News on Markets
Trading guide for Monday August 12, 2024: Indian stocks are likely to start trade for the week on a jittery note amid the fresh salvo from Hindenburg Research against investments in Adani stocks, and a direct attack on Sebi chief Madhabi Puri Buch; the latter has rebutted all such allegations.
Both Sebi and the Buch issued separate statements rebutting all the allegations, terming them baseless and an attempt at character assassination.
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Over the weekend, the US-based short-seller Hindenburg Research alleged that Securities and Exchange Board of India (Sebi) chairperson Madhabi Buch and her husband Dhaval Buch, had stake in obscure offshore entities used in the alleged Adani money…
