Adani Risk Clouds Wall Street’s Star Emerging-Market Bet
- Selloff in Adani Group weighs on nation’s broader market
- Sensex index trades at a premium versus emerging-market peers
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The start of 2023 was meant to be India’s. The nation’s fast-growing economy and rapidly expanding equity markets had convinced money managers from Morgan Stanley Investment Management to State Street Global Advisors to call it a top investment destination.