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Wall Street s main indexes opened higher on Thursday as AI bellwether Nvidia s upbeat forecast soothed concerns of cooling demand in the industry, though a jump in weekly jobless claims kept a check on gains.

Ad group WPP expects its revenue and profit to be flat at best this year because of a weak Chinese market and uncertainty in the United States, it said on Thursday, as its shares hit a four-year low following disappointing results.

Elon Musk s net worth has dropped by $83 billion in 2025, falling to $349 billion as Tesla shares plunged 8%. Weighed down by weak European sales and investor concerns over Musk s political activities, Tesla s stock is down 27% year-to-date.

The Indian rupee closed at 87.20/$1, recovering from an intraday low of 87.40/$1 due to RBI intervention. Asian currencies weakened as the U.S. dollar strengthened amid tariff uncertainties. Traders now await key U.S. economic data and Fed policy cues.

HSBC slashed target prices for top Indian wires and cables firms by up to 23%, citing competitive risks from UltraTech Cement’s unexpected entry into the sector. Polycab, KEI Industries, and R R Kabel saw the biggest cuts, impacting investor sentiment.

Sensex ended nearly flat on Thursday, rising just 10 points to 74,612. Despite this, eight stocks from the BSE Healthcare index hit 52-week lows, reflecting investor caution and potential concerns about sector-specific challenges.

When it comes to stock markets around the world, this year has clearly not been "America First." The US stock market has risen in 2025 and isn t far from its all-time high set last week. But it s climbed less than stock indexes in Mexico City, Paris and Hong Kong.

India s market regulator said it will allow asset managers with more than a three-year track record to offer a range of investment strategies under its newly created specialised investment fund (SIF) category, aimed at wealthier investors.

The Nifty Bank index closed 0.28 per cent up at 48743.8.

Indian markets closed mixed on Thursday, with Sensex gaining while Nifty50 ended flat. Telecom and metal stocks saw buying, while power, auto, and realty stocks declined. RR Kabel, Havells India, and Varun Beverages hit fresh 52-week lows.