Adani Group Shares Latest News: DRAMA! Market Guru Anil Singhvi DECODES fall and recovery of these shares

In a special edition of Editor’s Take, Zee Business Managing Editor Anil Singhvi termed it as a drama with respect to the Adani group shares decline on Monday and said, it was an opportunity to mint money for traders by making their position short. 

Singhvi said, Maximum traders on the back of bad news regarding Adani should have made their position short and through a quick buck, an opportunity of making money was possible yesterday.  

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In such a situation, when markets change their route and recover after being bad, the short-covering becomes too fast, the market guru said while explaining yesterday’s Adani group stocks fall. 

Leading newspapers on Monday had reported that three FPI (foreign portfolio investment) accounts related to Adani Group, worth Rs 40,000 to 44,000 crore holdings, have been frozen by NSDL. 

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The negative news regarding Adani Group, then clarification by the group was like a drama, Singhvi said. He added, delivery marking compared to volumes was almost negligible.  

Singhvi pointed out, the FPI accounts freeze perhaps was a wrong news and they all are active and because of which exchanges saw huge reaction with respect to these stocks and we may see more recovery perhaps today too.