Adani group adds ₹66,000 cr in value amid choppy markets

A day after Sebi relief, group stocks gain between 0.3% and 12.4%

- SAMIE MODAK

Adani group shares surged on Friday, adding nearly ₹66,000 crore in market capitalisation, a day after the Securities and Exchange Board of India (Sebi) dismissed key allegations made by now defunct US short-seller Hindenburg Research, even as the equity market slipped with the BSE Sensex ending nearly half a per cent lower on profit-taking after a 4 per cent rally over the past 12 sessions.

Banking stocks were the biggest drag on overall performance.

The 30-share Sensex slipped 387.73 points, or 0.47 percent, to close at 82,626.23, after falling as much as 528.04 points, or 0.63 per cent, intraday to 82,485.92. The Nifty 50 declined 96.55 points, or 0.38 per cent, to 25,327.05. Adani Enterprises was the standout performer among Nifty 50 stocks, climbing 5.3 per cent.

All nine listed Adani companies advanced, with gains ranging between 0.3 per cent and 12.4 per cent, led by Adani Power.