Bitcoin held above $118,500 and Ethereum outperformed on strong ETF inflows and institutional interest. Market sentiment remained cautiously bullish despite Fed-induced volatility. Regulatory updates offered partial clarity, while mixed altcoin performance reflected cautious optimism. Traders are watching macroeconomic signals, including geopolitical risks and U.S. tariff developments.

Indian markets initially stumbled but recovered following Trump s tariff announcement, with export-heavy sectors like textiles, pharma, and auto facing the brunt. While some companies anticipate minimal impact, others, particularly in textiles and solar, brace for significant challenges. Pharma faces complex tariff equations, while IT anticipates indirect effects. Refiners may need to diversify sourcing, and the metal sector awaits clarity.

Japan s Nikkei share average gained on Thursday as the Bank of Japan kept interest rates steady as was widely expected, while revising up inflation forecasts.

European shares edged higher on Thursday, helped by a slate of upbeat corporate updates, with investors keeping an eye on last minute trade deals after U.S. President Donald Trump issued a blitz of tariff announcements.

The Rs 254.26 crore initial public offering (IPO) of Laxmi India Finance fully subscribed on the final day of the subscription period, registering an overall subscription rate of 1.05 times.

Amid US tariff tensions, investor Vijay Kedia responded with a motivational song on X, urging resilience and national pride. His lyrics celebrated India’s strength, self-reliance, and determination to overcome challenges. The post struck a chord online, echoing sentiments of “rewriting history” and building a stronger, self-sufficient India.

Gautam Duggad suggests that Indian stock markets are reacting steadily to tariff impacts, with financials and IT remaining stable. Earnings growth will be driven by domestic economic factors and a shift towards consumption-focused policies. Smaller sectors like EMS and cement are projected to lead earnings, while large sectors face limited growth.

Ambuja Cements Q1 Results: Cons profit rises 24% YoY to Rs 970 crore, revenue up 23%

A significant uptick in futures open interest signifies a substantial growth in the number of active, unexpired futures contracts in a specific security. This uptrend reflects an increasing number of participants either initiating new positions or expanding the size of their existing positions within the futures market.