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The Indian Rupee showed a slight recovery against the US Dollar on Friday. This movement was influenced by falling crude oil prices and a weaker American currency. However, foreign fund outflows and selling in equity markets limited a sharper gain for the domestic unit. The Rupee had previously seen a significant fall after the US Federal Reserve’s interest rate decision.
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Studds Accessories IPO: The IPO is entirely an offer for sale (OFS) by existing shareholders and will be open for subscription till November 3. The price band has been fixed at ₹557–585 per share, with investors required to bid for a minimum of 25 shares.
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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.
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Tata Investment Corporation shares have fallen nearly 25% post-split, amid profit-booking and growing unease over the Tata Group’s leadership turmoil. Technical experts suggest the stock is in a cooling-off phase, with Rs 760 being a crucial support level. The group’s internal disputes and operational challenges are weighing on investor sentiment.
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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.
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