Market reaction to Adani bribery charges is short-term: Bernstein

As Adani Group stocks tumbled after the bribery case in US, Bernstein India head of research Venugopal Garre said the market reaction was for the short-term. Garre added that markets are likely to move past the news within a day or a week. Gautam Adani and others allegedly promised $250-million bribes to Indian government officials for solar energy contracts.