Adani Group stocks closed mostly in positive terrain on Wednesday, extending uptrend for the fourth consecutive sessions. Shares of six of the ten listed group entities ended in green zone, barring flagship Adani Enterprises, Adani Ports & SEZ, ACC, and Ambuja Cements. The total market capitalisation (m-cap) of ten listed entities rises to ₹10.91 lakh crore at the end of today’s trade.

Among group stocks, Adani Energy Solutions was the top performer with a 5.23% gain, followed by Adani Green Energy, which surged 4.63%. While Adani Total Gas and Adani Power rose 1.75% and 1.58%, respectively,  Adani Wilmar and NDTV settled with marginal gains.

On the flip side, ACC emerged as top laggard with a 1.93% loss, followed by Ambuja Cements, which dropped 0.55%. Adani Enterprises and Adani Ports & SEZ ended marginally lower in volatile trade.

Meanwhile, the benchmark indices, the BSE Sensex and Nifty50 ended higher in choppy trade. The BSE Sensex closed at 65880, up by 100 points, or 0.15%, and the NSE Nifty ended 36.15 points, or 0.18%, higher at 19,611 mark.

Shares of Adani group companies have made a smart recovery after a sharp sell-off on August 31, triggered by an adverse report by OCCRP, an investigative reporting platform, backed by George Soros and Rockefeller Brothers. On that day, the Gajarat-based conglomerate lost over ₹30,000 crore in market value as their commutative m-cap slipped to ₹10.58 lakh crore.

The OCCRP report alleged the Adani Family partners invested millions of dollars in some publicly traded stocks of the group via Mauritius-based "opaque" investment funds. The report claimed two men, Nasser Ali Shaban Ahli and Chang Chung-Ling, who have close ties to the Adani family and have served as directors and shareholders in affiliated companies and firms associated with Gautam Adani's elder brother, Vinod Adani, "spent years buying and selling Adani stock through offshore structures that obscured their involvement - and made considerable profits in the process."

The documents "show that the management company in charge of their investments paid a Vinod Adani company to advise them in their investment," it alleged.

The Adani group, however, categorically rejected the "recycled allegations" and said the news reports appear to be yet another concerted bid by Soros-funded interests supported by a section of the foreign media to revive the meritless Hindenburg report.

Countering the accusations, the Adani group said these claims were based on closed cases from a decade ago when the Directorate of Revenue Intelligence (DRI) probed allegations of over invoicing, transfer of funds abroad, related party transactions and investments through foreign portfolio investors (FPIs).

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