Market Update at 9:50 AM: India’s equity benchmarks opened marginally lower on Friday after a recent rally driven by a U.S. rate cut and progress in India-US trade talks. Market participants took a cautious stance despite strong gains in the last three sessions.

Shares of Adani group companies surged between 0.7 per cent and 11.3 per cent after the Securities and Exchange Board of India (SEBI) dismissed two charges levelled against billionaire Gautam Adani and his companies by U.S.-based short-seller Hindenburg Research. The regulator’s decision provided relief to investors and helped lift Large-Cap stocks in the group.

As of 09:15 a.m. IST, the Nifty 50 eased 0.04 per cent to 25,414.35, while the BSE Sensex fell 0.11 per cent to 82,919.72. The 50-stock index had gained 1.4 per

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