Indian indices closed higher on Thursday, with the Nifty surpassing 25,000 for the first time in three weeks, driven by positive sentiment despite mixed global cues and concerns about slowing earnings. The Nifty gained 0.1% to close at 25,005.5, while the Sensex rose 0.1% to end at 81,548.73, marking the fourth consecutive day of gains.

Tata Capital is planning an IPO in early October, aiming to raise up to ₹17,000 crore through a fresh issue and offer for sale. Tata Sons and IFC are expected to offload shares in the OFS. The IPO is driven by RBI s directive for large NBFCs to list, enhancing transparency and supporting future lending growth.

Indian government bonds gained slightly on Thursday before inflation data in both the U.S. and India.

India’s home textile sector faces a 5–10% revenue drop this fiscal after the US imposed 50% tariffs. While frontloaded orders, limited rival capacity, and new markets offer some cushion, profitability may shrink. Crisil warns of weaker credit metrics, though optimism over India–US trade talks briefly lifted textile stocks.

The European Central Bank maintained steady interest rates. Inflation is under control. The Eurozone economy shows slight growth despite Trump s tariffs. Focus shifts to Christine Lagarde s comments on France s fiscal issues. The ECB might intervene if France faces market turmoil. France s high deficit poses a challenge. Lagarde must balance market stability with fiscal responsibility.

August proved volatile for PMS funds, with several small and midcap strategies logging steep losses—Valcreate’s Lifesciences fund plunged 10.19%. Yet, a few portfolios like Wallfort’s Avenue Fund and Valcreate’s Digital Disruption strategy posted modest gains, highlighting sharp performance divergence.

Indian indices closed with modest gains as auto and IT weakness capped momentum. OFSS slid, Waaree Energies hit Rs 1 lakh crore m-cap, Jupiter Wagons and Aurobindo Pharma rallied, while BSE declined.

JP Morgan raised Eternal’s price target to Rs 390 from Rs 310, maintaining an “Overweight” stance. The upgrade reflects Blinkit’s accelerating growth, national footprint expansion, strong service levels, and superior customer acquisition, prioritizing market share and long-term growth durability over near-term profits.

Seven Nifty 50 companies — including TCS, Infosys, Titan, Coal India, BEL, ITC, and Bajaj Finserv — have consistently delivered RoE above 20% for four straight years, signaling strong profitability, efficient capital use, and sustainable growth.

On Thursday, Wall Street witnessed a positive start. Major indexes like Dow Jones, S&P 500, and Nasdaq Composite showed gains at the opening. This upward movement followed the release of the latest inflation data. The data suggests that the U.S. central bank is likely to proceed with an interest rate cut later this month.