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The Indian rupee is hovering near its record low against the US dollar. Concerns over US trade policies and slower investment are impacting the currency. Public sector banks, likely acting for the Reserve Bank of India, are selling dollars to support the rupee. The currency has been trading within a narrow range for several days.

Canara Robeco Asset Management Company s IPO will open on October 9. The issue is priced between ₹253 and ₹266 per share. This is an offer for sale by existing shareholders. Canara Bank and ORIX Corporation Europe are divesting their stakes. The IPO aims to raise ₹1,326 crore. The offer will close on October 13.

Copper prices have fallen after a strong weekly gain. The US dollar strengthened against the Japanese Yen and Euro. This was driven by political developments in Japan and France. A stronger dollar makes copper more expensive for international buyers. However, mine disruptions are tightening copper supply. Upcoming US economic data may be affected by a government shutdown.

Fino Payments Bank has settled a securities law violation case with Sebi for ₹5.8 lakh. The bank failed to promptly disclose material events concerning employee fraud, despite receiving an investigation report. Sebi noted the significant impact on the company s share price due to the delayed and incomplete disclosures.

​​Platforms such as Forge Global and Nasdaq Private Markets (NPM) have become key gateways to buy and sell these unlisted shares. NPM, which hosts shares of about 15,000 private firms, reported $60 billion in trading volumes. Forge’s Private Market Index — a benchmark for late-stage, venture-backed companies — has climbed 67.9% year-to-date.

Indian markets surged over half a percent, buoyed by strong domestic and global factors. The Nifty is poised to test higher levels, with analysts favoring PSU banks, oil marketing companies, and defense stocks. Several companies like Adani Green, M&M, and ONGC are in focus due to significant business developments and approvals.

Canara Bank is set for better recovery from Karanja Terminal & Logistics. A price discovery process attracted higher bids for the asset. The infrastructure company owes lenders around ₹600 crore. Prudent Asset Reconstruction Company made a binding offer of ₹520 crore. This offer trumped the promoter s settlement proposal. The sale is currently challenged in court.

India s sovereign bond market shows positive signs with a dovish monetary policy and lower state borrowing. However, market participants remain cautious, anticipating limited yield softening due to uncertainty around rate cut timing and potential foreign investor demand pressure. State borrowings for the third quarter are within expected limits, but any uneven distribution could impact rallies.

LG Electronics India is set to launch an IPO, aiming to raise over ₹11,000 crore. The company boasts strong financials, with higher revenue, Ebitda, and a remarkable 37.1% return on net worth for FY25 compared to rivals. Its attractive valuation, with a lower P/E multiple than peers, makes it a compelling long-term investment opportunity.

Global central banks added 15 tonnes to gold reserves in August, continuing a trend of diversifying away from US debt despite soaring prices. While Kazakhstan led purchases, India s central bank bought significantly less than in previous years. High gold prices may be a constraint on buying levels.