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Adani Group Stocks News: Shares of Adani Group companies posted significant gains on Tuesday, February 11, even as the broader market continued its downward trend. Flagship company Adani Enterprises rose 4% in early trade, while Adani Green Energy and Adani Power gained 3% and 1.5%, respectively. Adani Ports was also among the top gainers among Sensex-listed stocks.

The rally in the Adani group stocks came after US President Donald Trump recently signed an executive order temporarily suspending the Foreign Corrupt Practices Act (FCPA) of 1977. 

Adani Group Stocks Today (At around 12:20 Pm)

Adani Enterprises - Shares were trading 3.23% high at Rs 2,564.90 per share on NSE.

Adani Green Energy Share Price: The stock was trading at Rs 961.40 per share, up 0.77 per cent on NSE

Adani Power Share Price- The shares were trading at Rs 498.55 per share, up 1.46% On NSE

Trump’s FCPA Suspension Boosts Optimism

US President Donald Trump recently signed an executive order temporarily suspending the Foreign Corrupt Practices Act (FCPA) of 1977. The key anti-corruption law, the FCPA, prohibits US companies and citizens from bribing foreign officials to gain a business advantage. The suspension, which halts ongoing investigations and cases under the law, has far-reaching implications for companies around the world, including the Adani Group.

The Adani Group was recently embroiled in allegations of FCPA violations in connection with transactions with foreign officials. However, with the suspension of the law, the ongoing investigation has now been halted and market sentiment has shifted in the group’s favour.

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Broader Market Performance

Although Adani Group companies have bucked the trend, the broader market remains under pressure. Stocks like Zomato, Power Grid, Kotak Mahindra Bank, Bajaj Finserv and Tata Motors were among the top losers on the Sensex, led by losses in key sectors. In contrast, Adani Ports, Infosys, Maruti Suzuki, HCL Tech and IndusInd Bank were the top gainers.

Investor concerns remain

Despite gains in selected stocks, market sentiment remained cautious after four consecutive sessions of decline. The Sensex has fallen 1,272 points (1.61%) in the last four trading sessions, reflecting concerns over global economic uncertainties and corporate earnings.

Adani Group's rapid rise, especially after the US announcement, highlighted investor confidence amid a falling market. However, analysts cautioned that broader market volatility and global factors will continue to weigh on overall sentiment.

Also Read: Stock Market Today: Sensex, Nifty Decline In Early Trade Amid Relentless Foreign Fund Outflows