At 01:17 PM on Wednesday, the BSE Utilities index was the top gainer among sectoral indices up 1.2 per cent, compared to a 0.65 per cent decline in the BSE Sensex.
Adani Green Energy emerged as the biggest gainer among Adani Group stocks in intraday trade, rising as much as 4.69 per cent intraday.
Brooklyn-based US District Judge Nicholas Garaufis dismissed conspiracy, securities and wire fraud charges brought against them in a late-night order, marking an end to Adani's US legal troubles.
Brokerage firm JM Financial noted that Adani Green's reduced arbitrage potential from its merchant and BESS portfolio could lower Ebitda by 3-5 per cent going forward.
The renewable energy company reported higher June-quarter profit as revenue rose 16.4%, while operational capacity expanded with 848 MW of new additions
According to the June 2026 shareholding pattern, domestic mutual funds have increased their stake in four Adani Group stocks.
While renewed geopolitical tensions in West Asia are likely to keep markets choppy, the Nifty 50 could rise to 26,500 by June 2027, around 10 per cent upside from current levels, Goldman Sachs said.
The company is in early talks with lenders and advisors to raise a dollar loan, which may be raised in two tranches over the next three months
Siemens Energy, CG Power and Industrial Solutions, GE Vernova T&D India, Thermax, ABB India, Hitachi Energy India, Siemens and Adani Green Energy were up in the range of 4-8% in Wednesday's trade.
Adani Energy Solutions, Adani Total Gas and Adani Green Energy were up in the range of 4-7% on the BSE in Wednesday's intra-day trade.
Adani Green Energy shares climbed 3.5 per cent to ₹1,407, while Adani Total Gas advanced 2.65 per cent.
The Gautam Adani bribery and fraud case in the US is nearing closure after reports said the Adani Group chairman has agreed to settle the SEC's civil lawsuit
Adani Green Energy in an exchange filing said the US SEC, Gautam Adani and Sagar Adani filed their request for entry of final judgment, on consent, before the US Eastern District NY Court on May 15.
Adani and his nephew Sagar agreed to pay a total of $18 million to settle Securities and Exchange Commission allegations that they made false and misleading representations about Adani Green Energy
Till 02:53 PM on Monday, as many as 52.52 million equity shares representing 2.3% of total equity of Adani Ports changed hands on the NSE and BSE.
Analysts at ICICI Securities downgraded Adani Green and Adani Energy to 'Add' rating post Q4 results, citing a sharp rally in the share prices.
The green energy arm of billionaire Gautam Adani's group posted a consolidated profit of ₹3,420 crore ($362.8 million) for the quarter ended March 31, up from ₹383 crore a year ago
ABB India, Samvardhana Motherson International and Adani Power from the Nifty Next 50 index surged in the range of 5 per cent to 8 per cent in intra-day deals on Wednesday.
Technical analyst at Bonanza believes that power stocks NTPC, Adani Power, Tata Power, Adani Green and Power Grid are showing strong bullish structure and can potentially surge up to 24% from here.
Adani Group shares rallied up to 3% in Wednesday's intra-day trade, and have outperformed the market thus far in April with gains up to 19 per cent.