Adani Group stocks are rebounding as overseas investors return amid the conglomerate's accelerated expansion plans. The recovery comes after a period of market turbulence that saw the benchmark Nifty 50 Index close at its lowest level since June 11. Traders in Mumbai, including Ashutosh Joshi, are growing anxious about the impact of rising oil prices on India's financial markets and broader economy.

Brent crude nearly touched $102 a barrel, adding pressure to Asian markets which opened weakly after inflation concerns dragged US stocks and bonds lower. Iran's escalating war rhetoric has further heightened market uncertainty. The Adani Group, headquartered in Ahmedabad, India, is stepping up fundraising efforts to support its expansion strategy, which appears to be restoring investor confidence in the group's securities.