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The Indian rupee weakened slightly to 88.16 against the US dollar amid anticipation of India-US trade talks. The rupee is expected to fluctuate between 87.50 and 88.40 in the near term, influenced by tariff negotiations and potential RBI intervention. Market sentiment is also shaped by upcoming CPI data and expectations of a Federal Reserve rate cut.

BEML shares rose 2after reports suggested the state-run equipment maker may be upgraded from Miniratna to Navratna, granting greater financial and operational freedom. The stock trades above key SMAs despite disappointing June-quarter earnings and flat revenue performance.

SpiceJet shares surged 5% to Rs 34.85, ending a six-day losing streak, after the airline reached a financial settlement with Carlyle Aviation Partners. The deal provides $79.6 million for engine maintenance, $9.9 million in cash, and equity worth $50 million, strengthening the balance sheet. The airline reported a Rs 234 crore net loss in Q1 FY2026 amid geopolitical and operational challenges.

​The Fed is expected to begin interest-rate cuts next week after easing producer inflation. Traders foresee gradual reductions, though risks from tariffs and rising consumer prices may shape the pace ahead.

Reliance Communications shares fell after receiving a show-cause notice from the Central Bank of India proposing to classify Rs 400 crore of loan accounts as “fraud” and report to the RBI. The company is under ongoing insolvency proceedings.

Gold prices declined on MCX due to profit booking before US inflation data. October gold futures traded lower, while silver futures also showed weakness. US PPI data had previously cooled off, supporting prices. Market awaits CPI data for further direction. Geopolitical tensions and central bank buying support gold and silver. Experts suggest ranges for trading gold and silver on MCX.

Mumbai s real estate is poised for a major transformation. Redevelopment projects are expected to create over 44,000 new homes by 2030. Western suburbs will lead this growth. The state government anticipates significant revenue from stamp duty and GST. Knight Frank emphasizes the need for financial discipline and clear agreements for sustainable redevelopment.

Motilal Oswal initiates coverage on Bajaj Housing Finance with a neutral rating. The brokerage anticipates moderate growth and subdued return ratios. Valuations appear stretched, trading significantly above the IPO price. AUM and profit are expected to rise, but at a slower pace. NIMs may face pressure. The financier has a granular loan book with good asset quality.

US inflation eased as September PPI came in below expectations, strengthening the case for a 50-bps rate cut by the Federal Reserve. Market expert Manish Singh says disinflationary trends, normalised supply chains, and slower US GDP growth may prompt the Fed to act next week.

Amidst U.S.-India trade uncertainties, Sundaram Mutual Fund s Sunil Subramaniam views Trump s tariff tactics as business maneuvers, not solely India-centric. He suggests India is a pawn in broader geopolitical plays, particularly concerning Russia and the EU. Despite initial FII selling, recent inflows and domestic portfolio shifts signal a positive market outlook.