Indian stock market closed lower due to geopolitical concerns, with mid- and small-cap stocks hit hardest. Analysts suggest a cautious approach, citing risk-off sentiment amid escalating Indo-Pak tensions. The Nifty fell below its 200-DMA, signaling a potential bearish trend. US and European markets showed mixed but optimistic movements.
Adani Power shares may rally 18%, positioned as a pure play in India’s thermal power space: InCred Equities
InCred Equities has initiated coverage on Adani Power with an ‘add’ rating and a target price of Rs 649, citing a potential 17.8% upside. The