If Adani crumbles will the Indian stock market take a >=20% hit? (see description)
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290Ṁ723resolved Jan 20
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If Adani Enterprises falls bellow 1676 INR (ie >=60% from all time highs)
will iShares MSCI India ETF, INDA, fall bellow $33.224 (ie >=20% from today) in the 18 months following the Adani crash?
sry this is kind of a mounthful. please suggest if you have a better way of expressing essence of question (is india fucked if adani crashes, defaults on loans, etc)
Close date updated to 2023-12-31 11:59 pm
This question is managed and resolved by Manifold.
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Adani fell, and is on it's way back up. INDA tougher at ~38 USD. I feel like the intent of the question has been answered and the market does not think India is screwed. Why are you holding out another 12 months?