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In a recent investor meeting, Adani officials stated that the reduction in borrowing costs is due to several credit rating upgrades, a more stable earnings profile, and a resilient business model that has weathered external volatility.

The market is witnessing a broad-based recovery, led by banking, midcap capital goods, and power sectors. Hemang Jani highlights opportunities in white goods amid heatwave demand, while cautioning on autos due to margin pressures. He remains selective on Paytm and aviation stocks.

Bitcoin reserves are gaining traction globally, with nations like the US and El Salvador integrating crypto into financial policies. India could benefit by diversifying reserves, enhancing financial resilience, and fostering blockchain innovation while carefully managing volatility and regulatory concerns.

India aims to expand nuclear power capacity to 21,980 MW by 2031-32, emphasizing thorium utilization, safety, and private-sector participation. The Nuclear Energy Mission, backed by Rs 20,200 crore, promotes indigenous reactor development and legislative amendments for investment facilitation.

Ravi Dharamshi, CIO of ValueQuest Investment, believes the worst of the market correction is over with valuations corrected to fair value. He sees opportunities in sectors such as private sector banks, insurance, and renewables, with optimism for growth in private equity sectors like energy transition.

The SEC dropped its appeal against Ripple, boosting XRP to $2.56 and strengthening investor confidence. Ripple sees this as a major win for crypto regulation. The ruling lifted Bitcoin and Ethereum, while Fed rate signals added to market optimism. Ripple aims for broader blockchain adoption.

Shares of Paytm’s parent company, One97 Communications, fell 5.5% after the Union Cabinet approved a Rs 1,500 crore incentive to promote low-value UPI transactions. The scheme offers small merchants a 0.15% incentive on UPI transactions up to Rs 2,000. Motilal Oswal lowered its target price for Paytm due to concerns over the macro-environment and UPI market share.

KEI share price: Shares of KEI Industries plunged 14.3% after Adani Enterprises announced its entry into the cables and wires sector via a JV with Praneetha Ventures. Rival stocks Polycab and Havells also fell up to 8.5% on competition fears. KEI, already under pressure, extended its YTD decline to 14%, while Adani Enterprises traded higher at **Rs 2,

The Nifty Realty index was trading 0.72 per cent up at 851.45.

PSU stocks are set to conclude FY25 weakly, marking their poorest performance in three years with 73% of stocks falling up to 48%. Mazagon Dock Shipbuilders stands out as the sole multibagger, while sectors like defence and power show potential for recovery.