adani ports

Stocks of several Adani Group firms, including Adani Enterprises, Adani Green, Adani Power, adani ports, Adani Energy and Adani Total Gas, rose by as much as 3.5% after the case was effectively closed the securities and wire alleged fraud case in New York.

Indian equity benchmarks Sensex and Nifty closed lower on Tuesday after a late sell-off in heavyweight stocks like HDFC Bank and Reliance Industries erased early gains. Concerns over the rupee hitting a fresh record low and elevated crude oil prices also weighed on investor sentiment, though IT stocks provided some support.

US authorities are reportedly moving to end fraud cases against Gautam Adani, with the Department of Justice potentially dropping criminal charges and the SEC nearing a settlement in its civil case. This development could offer a significant legal reprieve for the billionaire and the Adani Group, which has been facing regulatory scrutiny.

Indian equity benchmarks, Sensex and Nifty, extended their losses for a fourth consecutive session, plunging nearly 2% on Tuesday. Rising crude oil prices, sustained foreign fund outflows, and escalating West Asia conflict uncertainty contributed to the broad-based selloff, impacting IT, realty, and consumer durable stocks.

Analysts are bullish on adani ports, Indus Tower, and Voda Idea, citing strong performance and growth prospects. Kotak Bank shows solid operating metrics, though RoE lags peers. Bharti Airtel's outlook remains positive despite potential tariff hike delays, with industry repair seen as intact.

HSBC initiates SRF coverage with a buy, citing strong growth potential in specialty chemicals and performance films. Jefferies is bullish on Grasim, expecting increased capital availability for growth. Nomura sees adani ports expanding its marine business significantly in Europe. CLSA maintains a hold on Tata Power, believing the worst is over.

Indian-origin billionaires are increasingly powering the UAE's wealth, with nine individuals on Forbes Middle East's 2026 list commanding $49.9 billion. These entrepreneurs have built multi-billion-dollar businesses across various sectors, reflecting the UAE's appeal as a hub for global wealth due to its business-friendly policies and strategic location.

Indian equity markets experienced a downturn Friday, with both Sensex and Nifty closing lower. Renewed military tensions near the Strait of Hormuz dampened investor sentiment, leading to profit-booking across various sectors. While IT stocks showed resilience, PSU banks were significantly impacted. Global markets also reflected cautious sentiment.

Persistent foreign fund outflows and the rupee sliding to record lows have further dampened sentiment, prompting investors to stay cautious and intensify selling across equity markets.

Stock market recommendations: Lupin, Jio Financial Services, adani ports and Special Economic Zone are the top stocks that Somil Mehta, Head of Retail Research, Mirae Asset ShareKhan recommends for buying on April 28, 2026.

Stock market today: The BSE Sensex, comprising 30 stocks, advanced 355.90 points, or 0.46 per cent, to close at 77,269.40. During the session, it had surged as much as 997.25 points, or 1.29 per cent, reaching an intraday high of 77,910.75.