After moving along the unchanged line, with stocks swinging between gains and losses till well past noon on Tuesday, the benchmark indices Sensex and the Nifty50 climbed higher in the final ninety minutes of the session to eventually end on a firm note.
The top gainer in the pack was Adani Total Gas which was up nearly 20% in the early trade and was followed by Adani Energy Solutions which had shot up 13%. Nifty stocks Adani Enterprises and Adani Ports and Special Economic Zones were also up 4% and 3%, respectively around this time.
Adani stocks: MSCI said for the avoidance of doubt, it would continue implementing any neutral corporate events including ones requiring application of a Price Adjustment Factor (PAF).
Adani Enterprises shares have entered a correction phase, having fallen over 10 per cent in the last one month. The stock fell 2.44 per cent to close at Rs 2,202.90 on Thursday.
Adani group strongly rejected the fresh report that suggested its businesses did not act as per the regulations and accounting standards of the jurisdictions in which they operate.