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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.

OpenAI is reportedly planning a massive initial public offering. The artificial intelligence company could be valued at up to one trillion dollars. Preparations are underway for a potential listing as early as late 2026 or 2027. This move follows a significant restructuring. The company aims to raise substantial capital for future AI infrastructure investments.

Two-wheeler helmet major Studds Accessories launched its Rs 455.49 crore IPO today, an offer for sale with a price band of Rs 557–585 per share. The company, India s largest helmet manufacturer, reported steady growth with FY25 income at Rs 595.9 crore and PAT at Rs 69.6 crore.

We have collated a list of recommendations from top brokerage firms from ETNow and other sources.

The Reserve Bank of India has proposed measures to speed up cross-border inward remittances, aiming for same-day credit to beneficiaries accounts. Banks will be required to reconcile nostro accounts near real-time and implement straight-through processing for faster settlements, with new guidelines taking effect six months after finalization.

Reserve Bank of India deputy governor Poonam Gupta defended the central bank s currency management strategy. She stated that building foreign exchange reserves and intervening in the currency market yield better outcomes. Gupta also indicated that there is scope for easing monetary policy. This is due to growth being below aspirations and inflation remaining benign.

Federal Reserve Chair Jerome Powell indicated that a further interest rate cut in December is not guaranteed, citing "two-sided risks." He revealed that committee members held "strongly differing views" on the path forward, emphasizing that a rate reduction is "far from a foregone conclusion."

Citibank plans to significantly increase its capital deployment in India as it broadens its focus on the country. Viswas Raghavan, Citi s head of banking, highlighted that Indian companies are increasingly pursuing international deals, and Citi is poised to support these ambitions with both advice and capital.

The Federal Reserve has again cut interest rates by a quarter percentage point, citing a softening labour market and rising employment risks. Policymakers also announced an end to shrinking their asset portfolio by December 1. While economic growth is described as moderate, inflation remains elevated.