Wall Street opened lower on Friday as investors continued to navigate the complex landscape of tariffs, with FedEx becoming the latest firm to adjust its annual projections due to economic uncertainties.

The Nifty Pharma index closed 1.34 per cent up at 21625.9.

Zerodha:Zerodha founder Nithin Kamath claims that clients have saved ₹2,000-₹20,000 crore in brokerage fees over 10 years due to zero charges on equity delivery. He highlights how brokerage costs impact overall returns and emphasizes cost-conscious investing for better profitability.

China stocks:Foreign investors pumped $1.2 billion into Chinese equities this week, the largest inflow since October 2024. The surge was driven by rallies in EV giant BYD and Chinese AI firms, boosting confidence in China’s market rebound and attracting global fund managers.

Indian equity indices rose for the fifth session, with Sensex up 557 points and Nifty50 closing above 23,350. HCC, Ola Electric, and Manappuram gained, while Tbo Tek and Jindal Stainless declined.

Jim O Neill predicts US equity markets will underperform for the rest of the decade. The rest of the world, especially Europe and China, is expected to outperform. He warns that the dollar will weaken, with possible implications for the US economy. Rising bond yields and debt ratios in Europe and Japan may also affect global financial markets.

Sebi:Sebi proposes removing the requirement for stock brokers to obtain a no-objection certificate (NOC) to operate in GIFT-IFSC under a Separate Business Unit (SBU). Regulatory oversight, risk management, and investor grievance redressal will fall under the respective authority’s jurisdiction.

Gold prices decreased Rs 400 to Rs 91,250 per 10 grams in the national capital on Friday due to profit-booking and a subdued trend in the global markets, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had settled at Rs 91,650 per 10 grams on Thursday.

The Indian rupee recorded its best day against the dollar in over a month due to dollar inflows and unwinding of long-dollar positions. Additionally, a revival in domestic equities and rebalancing of FTSE s All-World Index also contributed to the rupee s gain and it logged the best week in over two years.

US-based private investment firm Bain Capital has launched Rs 5,764 crore open offer to acquire an additional 26 per cent stake in gold loan financier Manappuram Finance.