Indian shares muted at open; Adani stocks rise
Updates for market open
Nov 27 (Reuters) -Indian shares were subdued on Wednesday, tracking their Asianpeers as worries of a global tariff war lingered, while Adani Group stocks rose after tumbling in the recent sessions following the U.S. indictment of some of its top executives.
The NSE Nifty 50 .NSEI was down 0.14% to 24,165 points as of 9:40 a.m. IST, while the BSE Sensex .BSESN inched 0.1% lower to 79,894.
Nine of the 13 major sectors logged losses. The small-cap index .NIFSMCP100 was flat, while the mid-caps .NIFMDCP100 shed 0.3%.
All 10 listed Adani Group stocks rose between 0.4% and 2.4%.
They lost a combined $30-plus billion in the past few sessions after U.S. authorities, last week, indicted the conglomerate's billionaire founder Gautam Adani and other top executives over an alleged $265 million bribery scheme. The group has called the allegations "baseless".
Asian stocks were also muted, as investors fretted over what countries could be targeted for tariffs next by U.S. President-elect Donald Trump, a day after he pledged new levies on Canada, Mexico and China. MKTS/GLOB
Reporting by Bharath Rajeswaran in Bengaluru; Editing by Sumana Nandy
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