India stock market to hold up despite Adani shock: HSBC exec

TOKYO -- India's stock market is expected to continue to perform, said HSBC Asset Management India's chief investment officer in an interview on Friday with Nikkei Asia, as the world's most populous nation grapples with sluggish growth and fallout from the U.S. indictment of Gautam Adani, chairman of Indian conglomerate the Adani Group.

Since hitting a record close of 85,836 points in late September, India's benchmark Sensex index was down as much as 10% following the indictment of Adani on bribery charges.