The shares of Adani Group companies witnessed an unprecedented surge on Friday. In this boom in the market, the shares of all the 11 listed companies of the Adani Group registered a tremendous rise, creating a positive atmosphere among the investors.

Adani Green shares rose sharply by 14.64%

Adani Green Energy shares rose by a whopping 14.64 percent on Friday, which proved to be a pleasant surprise for investors. Along with this, shares of Adani Energy Solutions also rose by 13.54 percent. Major stocks like Adani Total Gas, Adani Power, and NDTV also performed well. Adani Power rose by 4.90 percent and NDTV shares rose by 4.54 percent.

Other companies also gre.w

Apart from this, shares of other Adani Group companies like Ambuja Cements, Sanghi Industries, Adani Ports, Adani Wilmar, Adani Enterpris, es and ACC also rose. Ambuja Cements rose 2.90 percent, Sanghi Industries 2.44 percent, Adani Ports 2.25 percent, Adani Wilmar 2.24 percent, Adani Enterprises 2.11 percent and ACC 1.34 percent.

Sensex and Nifty also gai.ned

The effect of the rise in the stock market was also seen on the major index. The BSE Sensex closed at 79,732.05 points with a gain of 688.31 points and the NSE Nifty closed at 24,106.80 points with a gain of 192.65 points.

Positive attitude despite allegations on Adani Group

Although the Adani Group is facing indictment in the US, there has been positive news about the group despite this. Abu Dhabi's International Holding Company (IHC) has assured to continue investing in the group despite the US indictment on Adani Group founder Gautam Adani.

Sri Lanka Ports Authority and the Tanzanian government have also expressed their support to the Adani Group.

Clear defence of Adani Group

The Adani Group has completely denied the allegations against it. The group says that Gautam Adani and his nephew Sagar Adani are not accused of bribery, but rather they are accused of securities fraud, which generally may carry less severe penalties than bribery.

It is worth noting that the Adani Group has spoken of taking legal recourse to counter these allegations, and has tried to clarify the entire situation on this issue.