Sebi has proposed changes to non-benchmark indices like Bankex, Banknifty, and Finnifty, expanding individual stock weights. The regulator capped the top constituent s weight at 20% and the top three at 45%, with at least 14 constituents. These adjustments aim to enhance transparency and reduce single-stock risk in index derivatives.

The Indian rupee touched a two-week low of 88.74 against the dollar on Thursday. It later strengthened slightly to close at 88.70. This weakness followed month-end dollar demand and potential RBI position squaring. The central bank intervened to curb losses. A hawkish US Fed stance also added pressure on the rupee.

India s Deputy Governor T Rabi Sankar stated that the internationalisation of the Rupee has begun, with exporters increasingly invoicing in the local currency. This shift is crucial for India to achieve its developed economy ambitions and reduce global transaction risks.

India s 10-year government bond yield saw its biggest jump in six weeks. This happened as the US Federal Reserve s hawkish comments lowered expectations for interest rate cuts. Domestic market worries about demand and liquidity also contributed. Traders are watching for Reserve Bank of India actions to boost banking system liquidity.

Indian markets experienced a downturn, influenced by the US Federal Reserve s cautious stance on interest rates and ongoing US-China trade tensions. Analysts anticipate continued consolidation, advising investors to focus on quality stocks and sector-specific opportunities. Several companies, including ITC, Swiggy, and RIL, are in focus due to their recent financial results and corporate developments.

Lenskart Solutions is set to raise over ₹7,000 crore through its upcoming IPO. The eyewear retailer aims to fund expansion and acquisitions. Despite a growing revenue and a recent profit, the company s valuation appears high. Lenskart operates in a competitive market with a significant unorganised segment. Investors may observe financial clarity post-listing.

India s IPO market anticipates a blockbuster November, with over ₹76,000 crore in public issues expected across various sectors. This surge is driven by a strong Q4 trend, a rebound in the secondary market, and the urgency to comply with US financial statement regulations before year-end.

US equity futures climbed as strong earnings from Apple and Amazon fueled a post-market tech rally, offering a reprieve after Thursday s sharp selloff. Despite a brief boost from tech giants, concerns linger over the massive AI spending and its potential returns, leading to a cautious outlook for the market.

Apple announced strong financial results for its summer quarter. iPhone 17 sales exceeded expectations, boosting revenue and profit. Despite trade war tariffs, Apple maintained pricing. The company s performance surpassed analyst forecasts. Apple shares saw a significant surge following the announcement. CEO Tim Cook expressed optimism for continued iPhone sales, especially during the holiday season.