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.

Gautam Trivedi of Nepean Capital discusses the recent market correction, attributing it to necessary adjustments and highlighting value in power, real estate, and travel sectors. He expresses caution regarding the IT sector s future due to AI s potential impact and anticipates significant power demand growth.

Ajay Bagga asserts that sectors such as gems, jewellery, electronics, and pharma could be hit by Trump s tariffs, affecting $80 billion in annual exports to the US. He believes the market will bottom out by June, with price levels stabilizing around 21,800. Key opportunities lie in the defense sector and private financials.

As of 10:36 am IST, Bitcoin was up 3.25% at $85,659, while Ethereum gained nearly 4.5% to reach $2,020. The global crypto market cap rose 3.4% to $2.81 trillion in the past 24 hours.