The Indian rupee faced a modest depreciation on Friday, yet it resiliently stayed above its all-time low, buoyed by dollar sales from government banks. The currency concluded the month on a subdued note, while the Indian equity markets reflected a similar downturn.

Diagnostics services company Dr Lal Path Labs on Friday announced an interim dividend of Rs 7 per equity share for the financial year 2025-26.

Indian stocks concluded Friday with a decline, marking a second consecutive day of losses for the Sensex and Nifty. Investors engaged in profit-booking amidst mixed corporate results and cautious global sentiment, influenced by a stronger U.S. dollar and the Federal Reserve s dovish outlook on rate cuts.

Hyundai Motor Q2 Results: Revenue from operations inched up 1.2% YoY to Rs 17,460.82 crore, compared with Rs 17,260.38 crore in Q2 FY25.

A surge in bullish options trading has driven U.S. stocks higher, with the S&P 500 nearing 7,000, though analysts warn of rising volatility and potential short-term pullbacks amid investor exuberance.

In an impressive quarterly report, Aditya Birla Capital revealed a net profit surge for Q2 of FY26, reaching Rs 855 crore, up from Rs 834 crore year-on-year. This promising uptick in total income and a 10% increase in assets under management highlight the company s robust financial trajectory.

Global central banks are converging towards policy alignment as the Fed, Canada, and New Zealand ease rates, while Europe, Japan, and Australia maintain cautious or hawkish stances amid persistent inflation risks.

SBI Securities Sunny Agrawal highlighted Aditya Birla Capital s strong all-round performance, with robust growth across lending, asset management, and insurance segments. He expressed caution on LIC Housing Finance, favoring smaller players like PNB Housing, Home First, and India Shelter Finance. Agrawal is optimistic about Sagility, anticipating a 20% upside due to its healthcare play and reasonable valuation.

Reliance Industries Ltd. announced a significant partnership with Google to boost AI adoption in India, offering eligible Jio users free access to Google s AI Pro plan for 18 months. Reliance Intelligence is now a strategic partner for Google Cloud in India, aiming to enhance AI infrastructure and drive enterprise AI adoption.

Narendra Solanki, Head of Fundamental Research at Anand Rathi Shares, remains bullish on L&T and BHEL amid strong government capex momentum. Cipla’s results exceeded expectations despite a surprise leadership change, while Dr Reddy’s stock fell after a key GLP-1 drug approval was delayed. Solanki expects stable macros and selective sectoral opportunities ahead.