Adani fiasco pushes India out of top 5 countries by market capitalisation
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The Hindenburg report has wiped out more than Rs 5.5 lakh crore from Adani Group's market cap and pushed Gautam Adani to the 11th position from the third place in the global rich list. But the rout among most Adani Group firms except for Adani Enterprises and Adani Ports, also hit Indian markets, which closed on a flat note after modest losses on Tuesday morning.