Shriram Finance Soars on MUFG Deal, Nifty Nears 26000; Market Confidence Returns

• Shriram Finance set for re-rating after MUFG Financial Group's 20% stake acquisition, a potential $4 billion deal.
• The ₹40,000 crore primary issue will boost Shriram Finance's book value and provide growth capital.
• Nifty climbed over 150 points, nearing 26000, with RIL, L&T, HDFC BANK, M&M driving market enthusiasm.
• Auto and defense stocks surged; mid and small-caps outperformed, while consumer durables and metal stocks were soft.
• Experts suggest Nifty's new stop loss is today's morning low; more short covering expected if it crosses 26,000.

Why It Matters: Shriram Finance deal fuels market rally, Nifty eyes 26000 amid renewed investor confidence.