Despite Adani's $129 billion decline, retail investors continue to believe in Indian stocks

 Even after a painful selloff in Adani Group shares threatened to bring down one of the world's best-performing indices since the recession, individual stock investors in India are still confident in the country's $3.1 trillion equity market. 

Hanoz Mistri is one of the Indian small investors who doesn't think the destruction that has reduced the value of Adani shares by around $130 billion would harm the long-term prospects for the country's stocks. The shipbroker, who formerly owned shares in the Adani Group, intends to keep investing in enterprises that make money off of commodities and India's growing middle class. 

In a phone conversation, Mumbai-based Mistri asserted, "India is a tremendous consumption story and I am convinced this journey will continue."

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