The Indian stock market recovered on Friday, with the Sensex rising 479.97 points to 77,635.76 and the Nifty gaining 152.50 points to reach 23,502.40.
This recovery follows a steep fall triggered by the US SEC’s fraud and bribery charges against Gautam Adani, alleging a $250 million bribery scheme with the Indian government. Adani group stocks saw further declines after losing $27 billion in market value on Thursday. Adani Green Energy shares fell another 7.90% to ₹1,055.80, while Adani Enterprises dropped 2.57% to ₹2,126.50. However, Ambuja Cements and ACC shares gained over 1%.