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

Mutual fund manager bullish despite conglomerate's legal difficulties

20241209 India economy

Shopkeepers wait for customers at a wholesale market in Kolkata. © Reuters

CHIHIRO ISHIKAWA, Nikkei staff writer

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.

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