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Adani Group companies added more than Rs 69000 crore in market capitalisation in a single session on 19th September after a buying momentum led by a SEBI’s clean chit in the Hindenburg case. The regulator dismissed charges of stock manipulation and related-party misuse gave more confidence to the investor and triggered a rally in all Adani stocks. Adani Group MCAP Jump Adani Power surged 12.40 per cent and became the top gainer of the group’s listed companies. Adani Total Gas jumped 7.35 per cent while Adani Green Energy and Adani Enterprises climbed 5.33 per cent and 5.04 per cent respectively according to stock exchange data. Adani Energy Solutions rose 4.70 per cent joining the list of companies that saw gains above the 4.5 per cent mark. At the same time Morgan Stanley initiated coverage on Adani Power marking the first such recommendation in more than a decade by the research house. The move is being considered as a signal that confidence is returning not just among retail investors but also across global institutional stakeholders who had largely stayed on the sidelines since the Hindenburg-triggered crash. How SEBI’s Clean Chit Helped Adani Group? The rally came just a day after SEBI concluded its investigation stating that it found no evidence to support the accusations raised by US-based short seller Hindenburg Research in early 2023. Those allegations had erased nearly USD 150 billion in market value across Adani Group stocks at their peak. The clean chit is being seen as a watershed moment for the conglomerate and a major relief for investors who had been waiting for regulatory clarity before taking fresh positions. Adani Group companies dominated the top gainers list on the exchanges and the trading volumes in these counters reflected heightened investor activity. The surge was particularly notable in energy-related stocks but the impact was broad-based across the group from its flagship incubator company to its media arm. Adani Power Hit its 52-week high during the day. The stock of Sanghi Industries advanced 1.41 per cent ACC rose 1.21 per cent Adani Ports went up by 1.09 per cent and Ambuja Cements inched up 0.28 per cent.