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The Indian rupee faces pressure, testing levels near 88.6. Currency experts, like Anindya Banerjee, draw parallels to 2013 s underperformance. Factors include FPI outflows, reduced FDI, and trade disputes with the U.S. Despite a weaker rupee compared to other currencies, optimism remains. The Reserve Bank of India may intervene if the rupee weakens further.

Defence company stocks experienced a surge. This was fueled by government spending and indigenisation efforts. Apollo Micro Systems and GRSE saw significant gains. Technology transfer deals and new orders boosted MTAR Technologies. HAL received engines for the Tejas Mk1A program. Experts highlight the sector s structural growth potential. They cite strong order books and profitability as key factors.

Japanese government bond yields showed mixed movements on Friday, with shorter-dated yields rising and longer-term yields falling. The 30-year JGB yield declined after hitting a record high, attracting dip buyers and international investors. Meanwhile, short-term JGB yields increased due to accelerating inflation and hawkish signals from the Bank of Japan, fueling speculation about potential interest rate hikes.

Japan s Nikkei share average ended at a closing high for a second straight session on Friday, as chip-related stocks tracked Wall Street s strong finish overnight.

Sigachi Industries shares surged 15% to Rs 43.24 on September 12, rising nearly 40% over two sessions. Gains were driven by US-India trade optimism, strong volumes, and an upcoming dividend record date. Q1 FY26 showed revenue growth but a net loss, while operations remain impacted by a June plant explosion.

VMS TMT announces price band for IPO opening next week. Check details

In CY25, select BSE500 stocks have significantly outperformed the broader market. Nine top performers, led by Godfrey Phillips India, have surged between 50% and 99%, rewarding investors. With bullish momentum continuing into the final quarter, market watchers are closely tracking these equity winners.

Infosys’ share buyback, though priced slightly lower than expected, is seen as a positive signal for the IT sector, with experts predicting similar moves from TCS and Wipro. The buybacks are expected to boost return ratios and benefit investors.

ICICI Securities forecasts a bullish outlook for the Indian stock market, projecting the Nifty to reach 28,500 by June 2026, a 14% increase. This optimism stems from strong technical patterns, historical trends, and supportive macro factors like GST reforms and potential global rate cuts.

HFCL shares rallied nearly 5% after the Andhra Pradesh government allotted 1,000 acres of land in Sri Sathya Sai district for setting up defence manufacturing facilities. Phase I will see 329 acres handed over, followed by 671 acres in Phase II. Broader defence stocks like Apollo Micro Systems and GRSE also surged on optimism over sectoral growth.