The rupee has weakened against the dollar recently due to tariff uncertainties, foreign portfolio investor outflows, and central bank dollar purchases. The upcoming trade deal with the US and India s involvement in BRICS, along with oil imports from Russia, add complexity. Concerns about US fiscal sustainability are favoring developed markets over emerging ones, impacting the rupee.

Bajaj Finance reported a 22% surge in standalone net profit, reaching ₹4,133 crore for the June quarter, driven by robust loan growth. Despite this, provisions for bad loans increased by 24% to ₹2,078 crore, reflecting a slight weakening in asset quality. Anup Saha s resignation as managing director, just three months after his appointment, adds to the recent developments.

ACC Ltd reported a 4% YoY rise in Q1FY26 net profit to Rs 375 crore, driven by record-high sales volume of 11.5 million tonnes and 17% revenue growth. Despite strong demand and higher EBITDA, earnings missed expectations due to rising tax expenses.

Three Indian infrastructure investment trusts, including the National Highways Infrastructure Trust, are planning to raise up to 43 billion rupees ($499 million) through corporate bonds in the coming weeks, three sources familiar with the matter said.

Markets closed lower on weekly expiry as Nifty faced resistance near 25,260. Selling in IT, energy, and realty stocks triggered losses. Analysts suggest range-bound movement with key support at 24,900 and fresh rally possible above 25,260.

Anant Raj Limited posted a 38.3% YoY rise in Q1FY26 net profit to ₹125.90 crore, with consolidated revenue growing 25.5% to ₹592.41 crore. The company also highlighted its upcoming data center launch in Panchkula.

Bajaj Finance Q1 Results: PAT grows 22% YoY to Rs 4,765 crore, NII jumps 22%

Indian markets closed lower on Thursday, dragged by weak IT earnings and global cues. Major stock movers included Olectra, Canara Bank, IEX, and Nestle India, with sharp gains and losses.