Adani Group stocks plummeted following Gautam Adani's indictment in New York for alleged bribery and fraud, leading to a significant sell-off in public sector lenders like SBI, BoB, and PNB. Analysts view this as a temporary reaction, suggesting it presents a buying opportunity due to the banks' strong fundamentals and improved asset quality. They anticipate recovery as the Adani Group provides further clarity on the situation.
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