India's stocks slipped despite rate cut optimism, while Adani shares surged after the regulator cleared charges.

• Nifty fell 0.39% to 25,323.7; Sensex dropped 0.44% to 82,641 following the recent rally and sell‑off.
• Adani Enterprises and Ports rose up to 9%, after SEBI dismissed two Hindenburg allegations seriously.
• Analysts expect an institutional confidence boost; however, 22 SEBI orders remain pending due to insider trading concerns.