Global markets are witnessing the unwinding of Trump-era trades, with U.S. treasury yields cooling, the dollar weakening, and equities correcting. Key themes include trade policies, defense spending, and central banks diversifying reserves, driving gold to record highs.

Emkay Global removed IndusInd Bank from its model portfolio, citing leadership uncertainty and derivatives accounting concerns. The brokerage also downgraded the stock and added Power Finance Corporation, citing attractive valuations and bullish exposure to the power sector.

The reshuffle, coinciding with Nifty s derivatives expiry, will result in Bharat Petroleum Corp Ltd (BPCL) and Britannia Industries Ltd exiting the index, causing significant outflows, while Grasim Industries and Bajaj Finance will undergo weightage adjustments.

India s central bank plans to double the investment cap for individual foreign investors in listed companies to 10% to boost capital inflows. This move broadens the scope to include all foreign investors and aims to increase the combined holding limit to 24%, as discussions with the government and SEBI continue.

Shares of Samvardhana Motherson International recovered some morning losses after CLSA s positive outlook, predicting the stock could double over the next three years. Earlier, the stock plunged nearly 7%, hitting Rs 124.73 on the NSE, amid fears of Trump s 25% auto tariffs impacting the auto sector, particularly Motherson and Tata Motors.

Mihir Vora, CIO at Trust Mutual Fund, discusses market trends, highlighting the end of the correction phase and the potential growth in various sectors such as large banks, NBFCs, construction, and capital goods. He also mentions optimistic earnings forecasts for FY26 and the positive impact of government spending and liquidity adjustments, while reflecting on cautious optimism in the auto sector.

L&T shares rose 2.4% after BNP Paribas and CLSA reaffirmed "outperform" ratings, citing strong Gulf capex and major order wins. The company secured a $4 billion QatarEnergy LNG contract, its largest offshore deal. Stock remains below long-term SMAs but nears overbought territory.

Studds Accessories has filed preliminary papers with Sebi for an IPO, marking their second attempt. The IPO will be an offer for sale with promoters and other shareholders selling 77.9 lakh shares. Studds designs and sells helmets and accessories in over 70 countries. The company will not receive any funds from the IPO.