Midcaps and smallcaps to drive next bull run: Gautam Shah

Market expert Gautam Shah believes Indian equities are nearing a breakout after months of stagnation. With strong government reforms, supportive liquidity, and key resistance at 24,850, Nifty could soon test 25,000 and aim for lifetime highs of 26,200.

Sebi says investigation into Jane Street could be wider

Securities and Exchange Board of India stated that the investigation and final order on Jane Street could be much wider. SEBI will not release documents not relied upon for the order. Jane Street appealed against SEBI, seeking document release to rebut market manipulation allegations. The hearing started on Tuesday.

Adani Power shares rally 8% in 2 days. Here’s what’s driving the rally

Adani Power’s stock value increased following a deal with Bhutan’s Druk Green Power Corp for a hydroelectric project. The companies will jointly establish a public company in Bhutan. Adani Power shareholders approved a stock split. Each share of Rs 10 will be subdivided into five shares of Rs 2 each.

Morgan Stanley initiates coverage on newly-listed Birla stock, upgrades another

Morgan Stanley is optimistic about Aditya Birla Group’s retail ventures, initiating coverage on Aditya Birla Lifestyle Brands Ltd (ABLBL) with an “Overweight” rating, projecting a 23% upside. Simultaneously, Aditya Birla Fashion and Retail Ltd (ABFRL) was upgraded to “Overweight,” anticipating a 53% potential increase. This upgrade is due to improved profitability.