Art school teacher Sagar Kambli gives final touches to a painting of Indian businessman Gautam Adani highlighting the ongoing crisis of the Adani group in Mumbai on February 3, 2023.
Indian tycoon Gautam Adani's business empire has been targeted by a short seller.
  • India's market regulator tried to assure investors the country's markets are "stable".
  • It acknowledged there was an "unusual price movement in the stocks of a business conglomerate" in the past week.
  • Adani Group companies have lost $110 billion in market cap amid a short seller attack.

India's stock markets have been on a wild roller-coaster ride since tycoon Gautam Adani's business empire came under siege from a US short seller.