Market Update at 12:30 PM: Indian stock markets paused their three-day winning streak on Friday as profit booking emerged at higher levels. At 12 PM, the BSE Sensex was trading at 82,540, down 474 points or 0.57 per cent. The Nifty50 slipped 123 points or 0.48 per cent to 25,300.

Adani Group stocks were in focus, soaring up to 8 per cent. The rally was led by Adani Power, Adani Enterprises, Adani Green, and Adani Ports. The surge came after the Securities and Exchange Board of India (Sebi) closed proceedings against Adani group companies, Group Chairman Gautam Adani, and related entities in cases linked to fund diversion, related-party transactions (RPTs), and fraud.

On the Sensex, Adani Ports, State Bank of India, Asian Paints, NTPC, and Sun Pharma were the Top Gainers , advan

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