Bharat Express

US Department of Justice

After a major sell-off earlier in the week, Adani Group stocks, led by Ambuja Cements and ACC Ltd, rebounded strongly on Friday.

The Adani Group has rejected recent bribery allegations from the US DOJ and SEC, calling them baseless and unfounded.

The US Department of Justice charged Nikhil Gupta, an Indian, on Wednesday for conspiring to kill a resident of New York City "who advocated for a Sikh sovereign state in northern India."