The Indian Rupee weakened against the US dollar in early trading. This decline occurred due to month-end dollar demand and continuous foreign fund outflows. Importers demand for dollars kept the American currency strong. Domestic equities showed a muted trend. Foreign fund outflows further impacted investor sentiment. Brent crude oil prices saw a slight increase.

​​State spending-driven flows are revolving in nature and add to liquidity surplus. However, the surplus drains out once the monthly GST and other tax payments start in the middle of the month.

Aditya Infotech, a security products manufacturer, is planning an IPO. The company aims to raise funds through fresh equity and an offer for sale. New regulations are expected to benefit Indian manufacturers. Aditya s financials show revenue growth. A recent acquisition boosted net profit. The company s valuation and market position suggest it is suitable for long-term investors.

Sri Lotus Developers plans to raise ₹792 crore through an IPO to fund projects. The Mumbai-based developer boasts a high 53% Ebitda margin, exceeding peers, and operates primarily in the luxury segment. Despite geographic concentration, strong financial growth and a lower debt-equity ratio make the IPO potentially attractive for high-risk investors.

Kotak Mahindra Bank s shares plunged over 7% following disappointing Q1 results, marking the largest single-day drop in 15 months. Analysts see potential upside despite concerns over credit costs and asset quality. While brokerages maintain neutral ratings, some suggest a buy-on-dips strategy, anticipating improved performance from Q3 onwards with the lifting of restrictions on the Kotak 811 platform.

Asian stocks are expected to open lower following Wall Street s pause, as investors await key economic data and earnings reports. Trade deal optimism fades, while the dollar strengthens and Treasuries decline. The Fed s upcoming rate decision and a flurry of economic reports will be crucial for market direction amid political pressure and evolving trade policies.

Markets experienced a decline, extending the corrective phase. Several companies, including L&T and Asian Paints, are set to announce their first-quarter results. Mazagon Dock, Waaree Energies, IndusInd Bank, GAIL, and RailTel have already reported their Q1 earnings, showcasing varied performance from profit declines to significant surges.

U.S. stocks closed at record highs on Monday, fueled by optimism surrounding potential AI technology and trade pacts. The S&P 500 marked its sixth straight record close, while the Nasdaq also advanced. A new U.S.-EU trade framework was unveiled, though met with some resistance.

Gold prices experienced a slight dip due to receding concerns about a global tariff war and a stronger U.S. dollar. Investors are keenly awaiting the Federal Reserve s policy meeting for insights into potential interest rate adjustments. Trade discussions between the U.S. and China, along with a trade agreement between the U.S. and EU, are also influencing market sentiment.

Oil prices rose due to optimism surrounding a U.S.-EU trade agreement, potential U.S.-China tariff truce, and a shorter deadline from President Trump for Russia to resolve the Ukraine war. The U.S.-EU deal averted a major trade war, while U.S. and China are continuing trade discussions.