Business Standard

Retail investors keep faith on India stocks despite recent Adani rout

Retail investors such as Mistri are part of a groundswell that is changing the face of the world's second-biggest emerging market

Photo: Bloomberg

Photo: Bloomberg

Ashutosh Joshi & Abhishek Vishnoi | Bloomberg
Individual stock investors in India are keeping faith in the country’s $3.1 trillion equity market even after a punishing selloff in Adani Group shares threatened to drag down one of the world’s best-performing indexes since the pandemic.
Hanoz Mistri is among the small investors in India who believe the carnage that has wiped off about $131 billion from the value of Adani shares won’t damp the long-term prospects for the nation’s equities. The ship-broker, who previously owned Adani group stocks, plans to continue investing in companies such as commodity businesses that benefit from India’s expanding middle class.

“India is a

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 15 2023 | 10:12 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to