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When one of mightiest conglomerates of a country calls off its fully subscribed follow on public offer (FPO), stating that it would be "morally incorrect", it is sure to spook investors. The Gautam Adani-led Adani Group, who's stocks were one of the key drivers of stock markets since the past 3 years, is now finding it hard to even stay in the positive zone. And, all of it happened in just 1 week. In other words, a major part of his over $100 billion earnings in the last 3 years was wiped out in the last week. The fall has been so massive that the group's market losses have now swelled to over $100 billion, sparking worries about their potential systemic impact. The market rout started January 25, after a US short-seller Hindenburg Research published a report alleging stock manipulation by the Adani Group and raised concerns about high debt and valuations. The market is going down and still not stable. Let see how it goes.