4 hrs ago
Adani CFO Says Infrastructure Outlasts Market Volatility Amid Sell-Off
Indian stocks fell sharply on Thursday.
Adani Group's finance chief, Jugeshinder Robbie Singh, said market moods can change quickly, but infrastructure assets last a long time.
He urged people to focus on assets rather than daily market noise.
The Nifty and Sensex both dropped by more than 1.5%.
Investors were concerned about higher oil prices and rising global bond yields.
Foreign investors also continued to pull money out of Indian stocks.
Brent crude became more expensive as tensions in the Middle East raised worries about supplies.
Adani Group CFO Jugeshinder Robbie Singh said short-term market sentiment should be distinguished from the lasting value of infrastructure assets.
Indian equities fell sharply on Thursday, October 8, with the Nifty down 1.71% and the Sensex down 1.62%.
The Nifty settled at 22,216, its lowest level in 2026, while the Sensex closed at 71,461.
Foreign portfolio investors withdrew ₹31,282 crore from Indian equities in October's first four trading sessions, following ₹35,857 crore of selling in September.
Brent crude rose nearly 4% as Middle East tensions fueled supply concerns; the article also cited rising global bond yields as a pressure on markets.
- Who
- Adani Group CFO Jugeshinder Robbie Singh commented on market volatility; Indian investors and foreign portfolio investors were involved in the market activity.
- What
- Singh emphasized the long-term value of infrastructure assets as Indian stock indices fell sharply.
- Where
- Indian stock markets; Singh shared his comments on X.
- When
- Thursday, October 8; the article identifies the market data as relating to 2026.
- Why
- The sell-off was linked to a sharp rise in crude oil prices and surging global bond yields; Middle East tensions also increased supply uncertainty.
Key facts
- Nifty 50 close
- 22,216, down 1.71%; the article says this was its lowest level in 2026.
- Sensex close
- 71,461, down 1.62% from the previous close.
- Nifty year-to-date loss
- 15%, according to the article.
- October FPI withdrawals
- ₹31,282 crore in four trading sessions.
- September FPI selling
- ₹35,857 crore, according to NSDL data cited in the article.
- 2026 FPI withdrawals
- ₹2.91 lakh crore from Indian equities, as reported in the article.
- Brent crude
- Rose nearly 4% on Thursday.
- Singh's message
- He said market mood is temporary and urged investors to focus on infrastructure assets rather than speculation.
Quotes
Jugeshinder Robbie Singh
Adani Group's Group CFO
“Mood is ephemeral; stone is eternal. While the crowd reacts to ticker noise, our infrastructure continues to weigh heavy and true.”
livemint.com
“In the end, substance always outlasts speculation. Look at the assets, not at the hyperventilating speculators.”
livemint.com
Sources
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