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.

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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.

Avanti Feeds, Apex Frozen Foods, and Waterbase Ltd witnessed steep declines as investors priced in concerns over a potential impact on exports. Avanti Feeds tumbled 6.6% to Rs 645, Apex Frozen Foods slipped 6.5% to Rs 225.05, and Waterbase fell 4.5% to Rs 49.16.

When the closing price rises above the VWAP, it signifies that the closing price is higher than the average price at which it was traded throughout the day, with the average being weighted by trading volume.

The US has imposed a 25% tariff on India, a move seen as a pressure tactic to push India into trade negotiations. While surprising, it s viewed as manageable, with potential for Indian exporters and American importers to absorb the impact.