Adani Group stocks made a strong comeback after recent consolidations, with key stocks like Adani Enterprises and Adani Ports emerging as top NIFTY 50 gainers on December 12. Adani Enterprises rose 2%, while Adani Ports closed 1% higher. Adani Green Energy saw an impressive surge of 6.5%, followed by Adani Power up 4.6%, and Adani Total Gas gaining 2%. Kunal Rambhia, Founder of The Streets, highlighted Adani Green and Adani Ports as his preferred picks within the group. He also shared insights on potential triggers and strategies for Adani stocks going forward. Separately, market speculation emerged after FBI Director Chris Wray announced his resignation, possibly following a potential dismissal by President-elect Trump. Reports also surfaced about the US SEC charging Gautam Adani with alleged investor fraud and bribery, claims the Adani Group has firmly denied. The SEC’s indictment reportedly mentions alleged bribes to Indian officials linked to a multi-billion-dollar solar energy project.
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