Latest Stock Market News

Vedanta Ltd is in focus as parent Vedanta Resources considers a U.S. IPO for its Zambian unit, Konkola Copper Mines, aiming to raise $1 billion for expansion. With copper output recovery underway post-legal battles and plans to boost annual production, the move aligns with the group’s global restructuring and strategic financing plans.

Krishnan Ramachandran s reappointment as CEO and MD of Niva Bupa Health Insurance has been approved by the IRDAI for a five-year term, starting May 1, 2025. With over two decades of experience in health insurance and healthcare, Ramachandran previously held leadership roles at Deloitte Consulting L.P., Arthur Andersen and Apollo DKV Insurance.

Adani Green Energy is in focus after its subsidiary signed a PPA with Uttar Pradesh Power Corporation to supply 1,250 MW of pumped hydro storage capacity. This adds to its recent clean energy wins, including a 400 MW solar deal. In FY25, energy sales rose 28%, and capacity hit 14.2 GW, despite the stock declining over the year.

Indian market is expected to consolidate, mirroring mixed global cues. Nifty futures closed positively, while India VIX saw a rise. Option data suggests a trading range between 23,800 and 24,700. Analysts recommend holding above 24,250 for an upward move. Experts suggest buying IRFC, Torrent Pharma, CDSL, Bharat Forge, and Delhivery, with specific targets and stop losses for short-term trading.

Indian benchmark equity indices began Thursday on a weak note, pulled down by Reliance Industries and banking stocks. Foreign inflows and hopes of easing US-China trade tensions offered some support. Eternal shares fell sharply after its food delivery CEO resigned. U.S. Treasury Secretary hinted at de-escalating trade war between the United States and China, potentially easing recession fears.

ICICI Securities is optimistic about IDFC First Bank. They maintain a Buy call. The target price is revised to Rs 75. A large capital infusion is expected to boost loan growth. This infusion will also improve operating leverage. Warburg and ADIA s investment should strengthen the bank s CET1. The bank s fixed-rate loans position it well for Net Interest Margin.

Biocon shares: The board approved a hike in the company’s authorised share capital from Rs 625 crore to Rs 700 crore, along with a corresponding amendment to the capital clause in its Memorandum of Association.

India s stock and gold markets are simultaneously surging, defying traditional investment strategies. The Sensex and Nifty have soared, while gold prices have skyrocketed due to a weakening US dollar and global uncertainty. Experts advise investors to maintain a long-term asset allocation, stagger investments, and avoid chasing short-term highs, suggesting profit booking if gold holdings exceed 20-25% of the portfolio.

JM Financial maintains a buy call on HDFC Life, revising the target price to Rs 850. The brokerage anticipates continued growth in banca and agency channels, projecting 15% APE growth and 100bps margin expansion over FY25-FY27e. This valuation is based on 2.4x FY27e EVPS of Rs 349, with a reiterated BUY rating.