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Out of the 11 Adani stocks listed then, seven are yet to recover to the pre-Hindenburg levels though the Nifty index has rallied 29% since then. Three stocks, such as Adani Total Gas, Adani Energy Solutions, and Adani Wilmar, are trading 50-83% lower; while NDTV, Adani Green and Adani Enterprise are down by 30-50%. Adani Power has doubled since the Hindenburg report while Adani Port gained 48%.

The regulator said the company was taken up for examination because the share price movement of PIFL did not appear consistent with the reported financials.

Similarly, Pricol surged 43% after FPIs increased their stake by 9.4%. Kalyan Jewellers India rallied 116% in 2024 as FPIs boosted their holdings by 7.8%. The benchmark Nifty gained 8.75% in 2024 while Nifty Midcap 150 and Nifty Smallcap 250 surged 23.15% and 25.64%, respectively.

Bank of America expects the rupee to weaken to 88/$1 by June 2025, while Barclays expects a level of 89.50/$1 by the end of this calendar year, reports said.

Wipro is expected to report a 12% YoY rise in Q3 PAT, but constant currency revenue may decline by 1% QoQ due to softness in communications and manufacturing, and furlough impacts. Analysts project a revenue growth guidance of -1% to +1% CC QoQ for Q4 FY25.

Infosys ADRs: Infosys ADRs dropped 6.3%, despite reporting higher than estimated profit and revenue. The company revised its revenue guidance upwards to 4.5%-5% for the current fiscal year, with an 11% YoY growth in net profit and 8% rise in revenue.

Jio Platforms Ltd reported a 25.95% rise in net profit for the third quarter, driven by tariff hikes, new subscriber additions, and strong data usage growth. The full impact of the price hikes is expected to be realized by Q4 FY25 and Q1 FY26. Consolidated net profit increased to Rs 6861 crore from Rs 5447 crore in the previous year.

The benchmark S&P 500 opened slightly higher on Thursday following strong gains in the previous session, as investors assessed softer-than-expected retail sales data and a set of strong bank earnings.

Infosys reported better-than-expected revenue and net profit growth for Q4 2024, increased its FY25 revenue guidance, and plans to hire more freshers. The steady recovery in discretionary spending, rising deal flow, and AI platform development are expected to drive sustained business momentum.