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  • Adani Energy Firms’ Stocks Fall Amid U.S. Court Rap
    Posted on November 23rd, 2024 in Exam Details (QP Included)

    Adani Energy Firms’ Stocks Fall Amid U.S. Court Rap

    • The BSE Sensex rose 2.54% on Friday, marking the biggest single-day rally in over five months.

    • Six group stocks, including Adani Enterprises Ltd. (AEL), recorded a mild recovery, but their energy businesses fell further.

    • Adani Green Energy, at the center of a fresh storm of bribery charges and securities fraud, fell 8.2% on the BSE.

    • Other energy-related firms — Adani Energy Solutions and Adani Power — also fell 6.9% and 3.23%, respectively.

    • The Nifty 50 index bounced 2.4% higher to close at 23,907 points, while the BSE Sensex saw a 2.54% increase to close at 79,117 points.

    • Adani Ports and SEZs moved up 2.1%, while Adani Total Gas closed 1.5% higher.

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