Adani group adds ₹66K cr in value amid choppy markets after Sebi relief

Group stocks gain between 0.3% and 12.4%

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 per cent, to close at 82,626.23, after falling as much as 528.04 points, or 0.63 per cent, intraday