Adani Group stocks climb for second consecutive day; Adani Green, Adani Energy hit upper circuits

For the second consecutive day, all Adani Group shares traded in positive territory on Thursday. The Adani Green Energy stock hit the 10% upper circuit, while Adani Power shares were up 9.35%.

Adani Total Gas surged 16.9%, Adani Energy Solutions zoomed 10%, Adani Enterprises soared 4.6%, and Adani Wilmar rallied 2.7% on the National Stock Exchange.

Shares of NDTV, Ambuja Cements, Sanghi Industries, and ACC were up 2.6%, 0.6%, 2% and 0.2%, respectively.

On Wednesday, the Adani Group clarified that billionaire Gautam Adani and his aides have not been charged with violations of the United States Foreign Corrupt Practices Act.

"These directors have been charged on three counts in the criminal indictment, namely (i) alleged securities fraud conspiracy, (ii) alleged wire fraud conspiracy, and (iii) alleged securities fraud," the conglomerate said.

The US Department of Justice's indictment does not mention Adani Group Chairman Gautam Adani, his nephew Sagar, or Director Vneet Jaain in any count related to conspiracy to violate the FCPA, Adani Green said in a regulatory filing.

NIFTY, SENSEX decline amid selling in IT stocks

Equity benchmark indices NIFTY50 and SENSEX declined on Thursday amid declines in information technology stocks such as Infosys, Tata Consultancy Services, HCLTech, and Tech Mahindra.

The BSE benchmark SENSEX shed 640 points to 79,596. The NSE NIFTY slumped 0.77% to 24,088.

From the NIFTY pack, Infosys, Tech Mahindra, Mahindra & Mahindra, Eicher Motors, and HCL Technologies were among the laggards.

Adani Enterprises, State Bank of India, Coal India, SBI Life and BPCL were among the gainers.

In Asian markets, Tokyo and Seoul traded in the positive territory while Shanghai and Hong Kong descended.

The US markets settled lower on Wednesday.

Global oil benchmark Brent crude sank 0.21% to USD 72.68 a barrel.