Indian stock markets shrugged off the allegations raised by the OCCRP report alleging "opaque" trading by Adani Group.
After the initial reaction on the day the report was released, there was no follow through selling in the Adani group stocks. The general perception in the market is that the allegations may not have a major impact on the group.
Adani Group termed OCCRP's report as "rehashed" allegations that were reported and clarified earlier.
Eight out of the 10 Adani Group stocks ended higher on Friday. The flagship Adani Enterprises Ltd. and Adani Ports and Special Economic Zone were up 1.3% and 0.9%, respectively. Ambuja Cement Ltd., New Delhi Television Ltd., Adani Energy Solutions Ltd., Adani Green Energy Ltd., Adani Power Ltd and ACC Ltd. also ended higher.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
Adani Total Gas Ltd. and Adani Wilmar Ltd. ended 0.28% and 2% lower, respectively.
Incidentally, OCCRP also came out with a note on Vedanta Ltd., which was also trading higher in the post-noon trading.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.