Adani Group turns Out to be the Showstopper

With the year 2023 kicking off, market participants would have bear in mind the fact that they have seen everything in the last couple of years from the outbreak of the corona virus pandemic to high inflation and rate hikes. However, in their wildest imagination they would have not thought about what the last week had to offer them and, hence, this reminds us of the famous quote from Vladimir Lenin, “There are decades where nothing happens, and there are weeks where decades happen.” Why do we say so? First, it was the Adani Group fiasco, which was followed by the Union Budget and then the US’ Federal Reserve outcome.