The Indian rupee weakened to its lowest level since mid-March, reaching 86.23 against the U.S. dollar, amid concerns over potential U.S. tariffs on Indian exports. President Trump suggested tariffs of 20%-25%, adding pressure from ongoing foreign portfolio outflows. While the Reserve Bank of India s intervention limited losses, uncertainty persists.

The IPO, open from July 30 to August 1, is priced in the range of Rs 366 to Rs 385 per share. At the upper end, M&B Engineering’s estimated market capitalisation stands at Rs 2,200 crore. Proceeds will go towards capex, debt repayment, and tech upgrades at its Sanand and Cheyyar facilities.

NSDL IPO: With NSDL making its market debut today, investors are re-evaluating the valuation, growth prospects, and strategic advantages of both key players in India s depository sector.

NSDL’s IPO, a Rs 4,012 crore offer for sale, opened with strong grey market momentum, hinting at 15% listing gains. Brokerages are largely bullish, citing NSDL’s near-monopoly in depository services, strong financials, and long-term potential, despite caution over regulatory and volume-related risks.

GNG Electronics shares: The stock debuted at ₹355 on the NSE, trading at a 49.8% premium (₹118 above the ₹237 IPO price). On the BSE, it listed at ₹350, showing a 47.7% increase

Bank of India shares: Net Interest Income (NII) for the quarter saw a slight year-on-year decline of 3.29%, dropping to Rs 6,068 crore from Rs 6,275 crore in the same quarter last year. Despite this, the bank recorded a 9% year-on-year growth in operating profit, which reached Rs 4,009 crore in Q1FY26.

HDB Financial Services shares may be in focus as the lock-in period ends for certain shareholders, freeing up 23 million shares for trading—about 3% of total equity. The expiry could impact stock liquidity and investor sentiment amid recent muted price action.