Indian shares are set for a muted start on Wednesday, with focus on Adani Group stocks amid deepening trouble at the conglomerate after the U.S. indicted its top executives over alleged bribery.

Adani Group stocks will be in focus on Wednesday after Moody's Ratings revised the outlook on seven of its companies, including Adani Green Energy and Adani Ports, to negative from stable."We have changed the outlook on all seven issuers to negative from stable,

Adani Group stocks experienced a drop of up to 7% in morning trade on November 26 on BSE, following Fitch’s warning on group bonds. Adani Green Energy led the decline with a 7% fall, while other companies in the group also saw significant losses.