Shares of Adani Group companies jumped sharply following SEBI’s announcement which dismissed key claims of wrongdoing in transactions flagged by earlier allegations. Adani Total Gas and Adani Power led gains with double-digit jumps, followed by steady improvements across other group firms. The decision is seen by market participants as reducing regulatory overhang and restoring some investor confidence. While stocks remain off their peaks, the recovery is viewed as significant. The clean-up could shift how international and institutional investors view the group going forward.