Wall Street s main indexes opened lower on Tuesday as investors awaited commentary from Federal Reserve officials through the day to assess the potential impact of U.S. President Donald Trump s tariffs in the second half of 2025.

Zerodha CEO Nithin Kamath cautions against misreading KYC data suggesting a rural trading boom. He says real-time IP data shows most trading still happens in India’s top 20 cities, led by migrant professionals in metros like Bengaluru and Pune.

Schloss Bangalore, owner of The Leela luxury hotel brand, will open its ₹3,500 crore IPO on May 26, comprising a ₹2,500 crore fresh issue and ₹1,000 crore OFS. The offer closes on May 28, with listing expected on June 2.

Dredging Corporation of India (DCI) on Tuesday reported a net profit of Rs 21.39 crore for the March 2025 quarter, mainly on the back of increased income. It had posted a loss of Rs 25.97 crore in January-March period of preceding 2023-24 fiscal, the company said in an exchange filing.

Equities may outshine other assets in FY26, with Nifty expected to return 12–15%, supported by 6.2–6.5% GDP growth, strong domestic demand, stable inflation, and returning FII flows, despite global trade and geopolitical uncertainties.

Fortis Healthcare Ltd on Tuesday reported a 7.44 per cent decline in consolidated net profit at Rs 188.02 crore in the fourth quarter ended March 2025 impacted by impairment on investment in an associate firm, property, plant and equipment, besides higher expenses.

Belrise Industries plans a ₹2,150 crore IPO to repay debt, reducing promoter stake to 73%. Despite stable revenues, margins have declined and profit dipped due to rising costs. Investors may await improved financial performance post-listing.

United Spirits reported a 17.4% YoY rise in Q4FY25 net profit to ₹451 crore, aided by resumed Andhra Pradesh operations and strong premium segment growth. Annual profit touched ₹1,558 crore with 9.9% growth in prestige category sales.

Ugro Capital will raise up to ₹1,315 crore through a mix of CCDs and a rights issue to strengthen its lending business. Samena Capital committed ₹500 crore, becoming a key institutional investor. Terms of the rights issue are pending.

Markets soared as geopolitical relief, soft inflation, and strong FII flows lifted Sensex and Nifty sharply. Broader gains in midcaps, defence, and infrastructure fuelled optimism, though experts warn of valuation risks and advise caution amid expensive mid- and small-cap levels.