Market News

The governing board of the National Stock Exchange has approved its initial public offering through an offer for sale after receiving a no-objection certificate from SEBI. The IPO is expected to raise ~$2.5 billion.

SEBI has proposed changes that could make it easier for mutual fund investors who hold units in demat accounts to withdraw or transfer money on a fixed schedule.

Gold and silver prices fell sharply again, driven by a stronger U.S. dollar, rising Treasury yields, and stronger risk appetite in global markets. The sell-off reflects expectations of higher interest rates, making non-yielding metals less attractive, though some investors view the dip as a buying opportunity.

India and the US are set to finalise the first tranche of their trade agreement in the coming days, a move that will lead to a sharp cut in US tariffs on Indian exports to 18% from 50%.

Mazagon Dock Shipbuilders reported a 9% year-on-year rise in Q3 FY26 profit on strong revenue growth, though higher costs led to softer operating margins during the quarter.

US stocks slipped as investors grew uneasy over Alphabet’s plan to sharply increase capital spending. Technology shares led the decline, even as some smaller stocks saw modest gains.

Indian markets enter Friday after benchmarks closed lower, with broader markets under pressure and investors staying cautious ahead of the RBI policy decision.

Hero MotoCorp reported Q3 consolidated net profit up 14% YoY to ₹1,268 crore, with revenue rising 22%. The company also declared an ₹110 per share dividend, supported by strong festive demand, improved volumes, and price hikes.

Nykaa reported Q3 profit surging 142% year-on-year to ₹63 crore, driven by strong revenue growth, which climbed about 27%. The results reflect improved demand across its beauty and fashion segments, supporting healthy earnings expansion for the lifestyle retailer.

AI-led automation is reshaping India’s IT services model, pressuring large players like TCS and Infosys that rely on labour-heavy delivery. As repetitive work gets automated, margins and headcount face strain. Meanwhile, niche and mid-tier AI-focused firms are gaining deal wins, pricing power and faster growth.

Suzlon Energy shares fell nearly 6% after the company reported its Q3 results, as investors reacted cautiously despite growth in revenue and profits. The stock saw selling pressure amid concerns over margins, execution risks, and broader market sentiment around renewable energy stocks.

Sensex and Nifty snapped a three-day rally on Thursday, closing sharply lower as weak global cues and caution ahead of the RBI policy decision led investors to pare risk.