After a short-lived recovery in the previous couple of sessions, shares of Adani Group stocks tanked up to 8% during the trading session on Tuesday. Reuters reported that global rating agency Moody's has cut its outlook on as many as seven Adani Group entities to negative from stable.

Moody’s has shifted the rating outlook of seven Adani Group companies to "negative" from "stable" following bribery charges against chairman Gautam Adani in the US. The move signals potential challenges in funding access,