Morgan Stanley raised Adani Power’s target price to Rs 185, citing strong earnings visibility, new PPAs, and capacity expansion. The brokerage expects a 20% EBITDA CAGR over FY25–FY33, backed by a robust balance sheet and regulatory clarity. Adani Power’s 41.9 GW portfolio positions it to gain from India’s rising power demand.

Japan s Nikkei share average surged over 1% on Thursday, recovering from Wednesday s sharp losses, as a strong Wall Street performance boosted investor confidence. Advantest and SoftBank Group led the gains, though Tokyo Electron dipped. Konica Minolta jumped significantly after raising its profit forecast, while Nippon Steel fell on a projected profit decline.

Orkla India shares listed at Rs 750, about 2.7% above the issue price, before slipping below IPO levels. Analysts say the flat debut offers a good entry point for long-term investors, citing strong brands like MTR and Eastern, steady growth, and rising demand for packaged foods.

Anil Ambani group stocks, including Reliance Power and Reliance Infrastructure, tumbled up to 5% after the SFIO launched a fresh probe into alleged fund diversion and governance lapses. The action follows earlier investigations by the ED, CBI, and Sebi, deepening regulatory scrutiny of the debt-laden group.

Redington s stock soared over 14% following its record quarterly results, fueled by a 17% revenue jump to Rs 29,118 crore and a 32% net profit increase to Rs 388 crore. Strong growth across all segments, particularly Software Solutions, highlights the company s evolving role as a comprehensive technology solutions platform, enabling digital transformation for enterprises.

State Bank of India plans to sell a 6.3% stake in its asset management arm, SBI Funds Management Limited. This divestment will be carried out through an Initial Public Offering. The approval for this move was granted by the Executive Committee of the Central Board. The entire process is anticipated to conclude in 2026.

MSCI’s November 2025 semi-annual review has triggered major reshuffles across its India indices, with Nykaa and Paytm entering the MSCI India Standard Index alongside Fortis Healthcare, GE Vernova T&D India, Indian Bank and Siemens Energy India. Three stocks—Astral, CONCOR and Tata Elxsi—have been removed. The smallcap index saw a deeper churn with 7 additions and 33 deletions.

Elara Capital’s Jay Kale expects India’s auto sector to consolidate after strong festive sales and GST-cut-led demand. Maruti Suzuki, M&M, and TVS Motor continue to remain top picks as small-car sales rebound and tractor demand holds firm. Sustained growth beyond Q4 FY25 will drive the next upcycle in auto stocks.