Gautam Adani, founder of Indian energy conglomerate Adani Group, has denied allegations raised in a recent U.S. indictment. Adani has called the allegations of defrauding U.S. investors "baseless" while saying his company will seek "all possible legal recourse.

Adani Ports rose 2 per cent, Ambuja Cements gained 1.33 per cent, ACC climbed 1 per cent, and Sanghi Industries advanced 1 per cent

Gautam Adani breaks silence on US allegations to say his group is committed to compliance:: Gautam Adani, Adani Group founder"Less than two weeks back, we faced a set of allegations from the U.S. about compliance practices at Adani Green Energy.