India's Nifty in a Rut as Valuations Stall Recovery
Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at:
Good morning, this is Savio Shetty, an equities reporter in Mumbai. Indian equities look set for a muted start this morning, tracking a narrow range in Asian markets amid uncertainty surrounding US-China trade negotiations and concerns over stretched local valuations following the recent rally. Adani group stocks may be in focus after the Wall Street Journal reported that US prosecutors are probing billionaire Gautam Adani's conglomerate for importing liquefied petroleum gas from Iran through the Mundra port in India, a report Adani flagship has denied.
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