Groww, a leading online brokerage, is set to launch its Initial Public Offering in the first week of November. The IPO aims for an $8 billion valuation. This move follows a strong financial performance and rapid client acquisition. Groww s diversified services offer a buffer against industry regulatory challenges.

The Federal Reserve cut interest rates by a quarter percentage point, but Fed Chair Jerome Powell signaled that a December cut is uncertain, leading the Dow lower and the S&P 500 flat. Nvidia reached a $5 trillion market value, boosting the Nasdaq to a record high, as strong earnings reports generally beat expectations.

Meta s stock declined after reporting strong Q3 results but forecasting significantly higher expenses in 2026 due to AI investments and talent acquisition. Despite the stock drop, analysts remain optimistic, viewing AI as a crucial growth engine for the company s advertising foundation. Meta also faces potential legal and regulatory challenges that could impact its financial performance.

Meta faced a substantial charge impacting its stock. The company is heavily investing in AI infrastructure, planning massive data centers. This aggressive spending, shared by major tech firms, raises concerns about an AI bubble. Meta is also streamlining its AI unit with job cuts. These moves signal a focus on long-term AI development despite current cost pressures.

Google-parent Alphabet surpassed revenue expectations for the third quarter. Its advertising and cloud computing divisions showed strong performance. Google Cloud s growth was fueled by enterprise demand for AI infrastructure. The company s advertising business also saw steady gains. This comes as competition in the AI and cloud market intensifies.

Microsoft announced impressive quarterly earnings, with revenue surging due to high demand for artificial intelligence services. This boosted its cloud computing business significantly. However, the company s stock saw a decline as investors worried about how quickly AI will generate profits. An Azure cloud service outage also impacted operations. Microsoft continues to invest heavily in AI, including its partnership with OpenAI.

Oil prices are steady as traders await crucial U.S.-China trade talks. Hopes are high for a de-escalation of trade tensions that have impacted global growth. Investors are also watching for signals from the U.S. Federal Reserve s recent interest rate cut. A significant drop in U.S. crude inventories also supports the market.

The dollar strengthened on Thursday. Federal Reserve Chair Jerome Powell indicated a potential pause in rate cuts. This pushed the yen to an eight-month low. Markets await the Bank of Japan s policy decision. A meeting between US President Donald Trump and China s leader Xi Jinping is also scheduled. Investors anticipate discussions to ease trade tensions.

Gold prices saw a rise on Thursday. This was due to a weaker dollar and a quarter percentage point rate cut by the U.S. Federal Reserve. Investors are watching for a meeting between U.S. President Trump and Chinese leader Xi Jinping. Other precious metals like silver, platinum, and palladium also gained. Economic data from Europe is also expected today.