Adani Group stocks climb after SEBI dismisses Hindenburg allegations

(Reuters) -Adani Group stocks gained between 1% and 9.6% on Friday, a day after India’s markets regulator dismissed short-seller Hindenburg Research’s allegations of stock manipulation against billionaire Gautam Adani and his group.

Adani Power led gains among the nine entities with its 9.6% climb. Adani Enterprises, the flagship firm, rose 4.4%.

(Reporting by Anuran Sadhu and Kashish Tandon in Bengaluru; Editing by Harikrishnan Nair)