Investors don39;t see systemic risk from Adani charges
Near term sentiment to remain dim, investors say
Investors shrug off earnings disappointments, valuation worries

SINGAPORE, Reuters Worries of a wider spillover from bribery charges against the Adani Group will hurt sentiment in India but not the longterm outlook, global investors say, as they wager one of the world39;s bestperforming markets will get back on track next year.

U.S. allegations, denied by the company, are that Gautam Adani39;s colossal portstoenergy conglomerate paid bribes to secure power sales and made misleading disclosures, roiling the stocks and debts of Adani companies.

Investors expect a stronger spotlight on governance and disclosure, and perhaps some volatility, but say the affair has not challenged the reasons they are in India in the first place for exposure to a growing economy and a huge consumer market.

Foreign investors may grow more cautious about the transparency and governance practices of Indian companies, said Steve Lawrence, chief investment officer at Balfour Capital.

Still, he pointed to a roughly 3 rise in the Nifty 50 index since the Adani news broke as signalling confidence. In the same period, 14 billion has been wiped off the value of shares in 10 companies owned by Adani.

Foreigners are relatively small players in India39;s over 5.5 trillion equity space with a share of less than a fifth, but are sensitive to the mood and performance of a market seen as…