Adani Ports falls on budget proposal for new ports
Reuters Market Eye - Shares in Adani Ports and Special Economic Zone Ltd(APSE.NS) slump 3 percent after Finance Minster P. Chidambaram proposed to set up two new ports in Andhra Pradesh and West Bengal in the 2013/14 union budget.
Dealers say that may reduce traffic through Adani-operated ports.
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The Congress party was headed for a bruising defeat in key state elections, including in the capital, early results showed on Sunday, underlining the struggle it will face to cling to power in a national election due by May. Full Article