Why Adani Total, Adani Transmission share hit lower circuit today — explained
Adani news: MSCI has declared to lower free float of these Adani group companies in its May index review
Adani group stocks — Adani Total Gas and Adani Transmission shares hit 5 per cent lower circuit in early morning deals on Monday. According to stock market experts, this selling was expected after MSCI's decision to lower the free float in these two Adani group stocks. Experts said that FIIs and FPIs who invest in index fund follow MSCI and they are expected to bring down their exposure in these two Adani shares on the basis of MSCI's May index review. Hence, there can be sharp sell off taking place from FPIs and FIIs when the Indian stock market opens on Monday.
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