India’s defence sector is gaining momentum on the back of rising defence spending, localisation, strong order pipelines and growing exports. Bajaj Broking remains bullish on Bharat Dynamics and Hindustan Aeronautics, citing improving execution, robust order books and long-term military modernisation as key growth drivers.
Sebi has started hearing representations as it seeks to recover gains from trades it suspects were based on prior knowledge of Hindenburg Research’s 2023 report on the Adani Group. The regulator had alleged that Kingdon Capital built short positions in Adani-related stocks before the report triggered a selloff, wiping out $150 billion in group value. Adani denied wrongdoing.
Tesla shares rallied more than 5% ahead of the company’s closely watched Cybercab event in Austin, as investors focused on its robotaxi ambitions. The two-seat autonomous vehicle, designed without a steering wheel or pedals, is central to Tesla’s plans to scale its robotaxi network, although pricing, competition and regulatory hurdles remain key concerns.
JM Financial has initiated coverage on OnEMI Technology Solutions with a Buy rating and a target price of Rs 385, implying around 28% upside from its reference price of Rs 301. The brokerage values the stock at 2x estimated FY28 book value, citing its digital lending platform Kissht and mass-market borrower focus.
India’s value-stock universe is showing signs of recovery after a sharp decline during the previous bull run. ICICI Securities has identified 10 stocks, led by Vedanta, ONGC and Indian Oil, that meet its value criteria based on earnings yield, return on equity, valuations, earnings trends and potential catalysts.
IFCI Share Price: IFCI shares surged over 6% as optimism around the long-awaited NSE IPO boosted investor interest in the state-owned financial services company, which indirectly holds more than 4% of NSE through SHCIL. The stock has rallied nearly 35% in a month, while NSE’s potential IPO valuation and regulatory risks remain key factors for investors.
Japanese government bond yields extended their decline on Friday as a stronger yen and expectations of a hawkish Bank of Japan stance lifted sentiment. The benchmark 10-year JGB yield fell 5.5 basis points to 2.91%. Shifting US rate expectations also weighed on Treasury yields and supported the yen.
Indian government bond yields remained steady on Friday morning, with traders eyeing an impending debt sale that could reveal market demand. The recent stabilization of oil prices and U.S. Treasury yields is providing some influence on local markets. Banks are strategizing to cope with surplus liquidity, as ongoing global risks and inflation worries cast a shadow over bond market stability.
China’s mainland stocks gained on Friday, but major benchmarks remained on track for weekly losses as fading momentum in AI shares and elevated US Treasury yields weighed on sentiment. The CSI300 and Shanghai Composite rose 0.4%, while Hong Kong’s Hang Seng advanced 2.1%, led by a rebound in technology stocks.
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