Latest Stock Market News

Cantor Fitzgerald, Tether, and SoftBank are launching a $3.6 billion crypto venture, Twenty One Capital, to acquire bitcoin, anticipating increased interest under President Trump. Tether and Bitfinex will hold majority ownership, while SoftBank will have a minority stake. Twenty One aims to replicate Strategy s success and will trade on the Nasdaq under the symbol "XXI".

According to data compiled by ET Bureau and insights from Jefferies Equity Research, the period from FY21 to FY25 witnessed market share realignments among the top four manufacturers — Hero MotoCorp, Honda Motorcycle, TVS Motor, and Bajaj Auto — reflecting the broader transformation underway in the industry.

Maruti Suzuki held a market share of 48% in FY21. This declined to 43% in FY22, remained steady at 43% in FY23, slightly dropped to 42% in FY24, and further declined to 41% in FY25.

Rakshit Ranjan of Marcellus Investment Managers is strategically allocating capital to companies with resilient business models, such as a hospital chain and a pharma company. They are focusing on companies with low uncertainty and are relatively insulated from broader economic factors. Valuations of some portfolio companies are 25% to 30% lower than their six-year average.

We have collated a list of recommendations from top brokerage firms from ETNow and other sources:

GreenEdge Wealth s Digant Haria suggests large IT stocks may outperform large banks in the next year, citing comfortable valuations and gradual AI changes. He favors second-tier BFSI stocks like Equitas and Ujjivan, anticipating a turnaround from easing regulations. Haria also highlights domestic consumption, including building materials and consumer durables, as a promising sector.

Bajaj Finance s board will consider a special interim dividend, stock split, and bonus share issue in an April 29, 2025 meeting, aiming to enhance shareholder value. Brokerages like CLSA and Elara Capital have a bullish outlook, with target prices of Rs 11,000 and Rs 11,161 respectively, citing strong growth prospects. The stock closed at Rs 9,326.

Bajaj Housing Finance reported a robust 54% surge in net profit, reaching Rs 587 crore, fueled by strong business growth and healthy asset quality. The company s net interest income climbed 31% to Rs 823 crore, with assets under management expanding 26% to Rs 1.15 lakh crore.