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.