Shares of Adani Group companies, including Adani Enterprises, Adani Green Energy, and Adani Ports, experienced a significant rally of up to 13% on Wednesday. This surge followed Gautam Adani's (India's second richest person) request to a U.S. court to dismiss a civil fraud case filed by the Securities and Exchange Commission (SEC). The SEC had previously charged Adani and his nephew, Sagar Adani, with allegations of bribery to benefit Adani Green Energy. The court's agreement to hold a pre-motion conference on the matter further fueled investor optimism. The rally added approximately ₹96,000 crore to the market capitalization of Adani Group companies, with Adani Green Energy shares hitting an intraday high of ₹1,046. Global brokerage Macquarie upgraded its target price for Adani Green Energy to ₹1,320, suggesting a potential upside of around 43%. Additionally, the ceasefire in Iran, which is crucial for Adani Ports' operations at Haifa Port, contributed to the positive sentiment, as the port is a significant trade gateway. The broader market also rose, with the Nifty and Sensex increasing by 4% each, following the announcement of the ceasefire and declining crude prices.