The Indian rupee suffered its worst monthly drop in nearly three years on Thursday, weighed down by U.S. tariff concerns and persistent portfolio outflows, with traders and analysts seeing little relief for the currency in the near term.

Futures tied to the S&P 500 and Nasdaq surged to record highs on Thursday after strong earnings from tech giants Meta and Microsoft reinforced investor confidence that artificial intelligence investments are paying off.

FMCG major Dabur India on Thursday reported a 3% year-on-year (YoY) increase in its Q1 consolidated net profit to Rs 514 crore compared to Rs 500 crore in the year-ago period. The profit after tax (PAT) is attributable to the owners of the holding company.

Indian banking stocks rebounded sharply on Thursday, led by ICICI and Kotak Bank, as markets discounted US tariff concerns. Nifty Bank index swung from a 600-point drop to end in positive territory amid hopes of trade negotiations with the US.

Vikas Khemani of Carnelian Asset Management suggests that while U.S. tariffs may cause short-term earnings uncertainty for Indian exporters, a major structural risk to the overall market is unlikely. The markets have largely priced in the potential impact of a 25% tariff, and India s strong domestic consumption and infrastructure development provide a buffer.

U.S. Treasury yields rose as Fed Chair Powell signalled no imminent rate cuts, keeping markets on edge with a data-dependent stance.

India s GMR Airports has finalised the terms of what would be its biggest corporate debt issue as it aims to raise more than 60 billion rupees ($685.13 million), three sources aware of the developments said on Thursday.

Sun Pharma Q1 Results: Cons profit falls 20% YoY to Rs 2,278 crore, revenue gains 10%

Smallcap stocks see a rise in share prices after strong June quarter results. Eight stocks rally between 10% and 50%. Vimta Labs, Infobeans Technologies, and others lead the surge. FIIs reduce holdings in some, while MFs increase stakes in others. Technical indicators show bullish signals for several stocks. This highlights recovery and expansion in the smallcap space.