Adani Group stocks rose after India’s regulator dismissed some of Hindenburg Research’s stock manipulation claims. SEBI is still investigating other allegations against the conglomerate. All nine Adani entities saw gains, with Adani Power leading. Adani Power also received an “overweight” rating from Morgan Stanley. SEBI ruled that transactions between Adani Group and flagged companies were not market manipulation. The allegations caused a $150 billion market value drop, but some stocks have rebounded. Adani Enterprises remains below pre-allegation levels. Some group stocks are down 20-80% since the report.

Read more at Yahoo Finance: Adani Group stocks rise as SEBI’s dismissal signals end to Hindenburg overhang