For multi-billionaire Gautam Adani, Monday will be a critical day as the second day of auctions of his flagship company's $2.5 billion share sale is overshadowed by $48 billion in its shares that comes from the news from a short seller of US, Hindenburg Reported.

Bloomberg reported that the slide of the Adani Group company's dollar bonds rose on Monday after comments from the Indian group allayed concerns following the Hindenburg investigation report.

The Adani group returned to the Hindenburg by issuing a detailed response on Sunday evening. He said that the group follows all the laws of the country and made the necessary legal declarations. He called the report baseless and said he was considering taking action against Hindenburg.

Meanwhile, Indian stocks are set to open higher on Monday, following gains in global equities on expectations that the US Federal Reserve easing its aggressive monetary policy stance, erasing some of the losses over the previous two sessions due to a sell-off in Adani Group stocks.

Why will Monday's trading be so critical?

Ø  The group faces a critical session on Monday with secondary sales at flagship Adani Enterprises seeing just 1% take on Friday.

Ø  Seven listed companies owned by Adani, which is controlled by Asia's richest man, saw their values ​​fall after a Hindenburg Research report from last week highlighted concerns about high debt and the use of tax havens.

Ø  Adani Group told that the sale remained on schedule and at the expected price, although sources said that the sellers of assets in the country's second-largest market are consider extending the deadline beyond January 31 or change the price due to the decrease in its share price.

Ø  The Rupee is expected to open lower against the Dollar on Monday, focusing on the Union Budget and the fallout from the Adani Group.

Ø  So far, the impact on the rupee of the fall in the Indian currency due to the Adani Group report has not been limited. Still, analysts said Adani's development was a challenge for the rupiah, with foreign currency exports of Indian stocks rising following the Hindenburg probe report, Reuters reported.

Ø  The second sale of shares of Adani Enterprises was opened to retail and institutional investors on Friday, but saw only 1% registration as the company's stock fell 11% below the minimum offer price.

Ø  "It is important for the Adani team to ensure that the sale goes through. If they stick to the price and do not reduce it, and the product does not return, no one will want to put" said Mumbai - Based market analyst Ambaresh Baliga, told Reuters.

Ø  Indian stocks have fallen in the past two sessions and closed at a three-month low on Friday, led by a short-selling attack in Adani Group companies that triggered a sell-off in banks. Notes 2027 of Adani Ports Special Economic Zone Ltd. fell 7.1 cents to the dollar to 72 cents at 9:57 am in Hong Kong, hitting a new low after falling 11 cents last week, according to data compiled by Bloomberg.

Ø  The collapse of the Adani empire has already wiped more than $50 billion off the stock market as Asia's richest man struggles to contain the fall. The Adani Group issued a 413-page rebuttal to the Hindenburg fraud allegations on Sunday, but efforts to reassure investors as the group's flagship company seeks to complete a share sale will not allay concerns.

Hindenburg Research said on Sunday that the Adani Group's response to its report "strongly supports" the findings of short sellers. Hindenburg continues to short the Adani Group through US market bonds and non-Indian assets