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This suggests that traders are anticipating further price declines and are establishing short positions.

The Indian rupee weakened on Thursday, pressured by dollar demand by importers, even as the greenback lingered near a four-month low against its major peers amid concerns about a slowdown in the U.S. economy.

Stock Market Highlights: Indian benchmark indices closed in the green on Thursday for the second straight day, driven by domestic investors buying into oversold stocks, with financials advancing after the Reserve Bank of India announced a $21 billion liquidity infusion into the banking system, and energy stocks rallying on lower crude prices.

European shares extended their gains on Thursday on hopes of easing trade tensions after U.S. President Donald Trump exempted automakers from his 25% tariffs on Canada and Mexico for one month.

ICICI Securities observed that "the euphoria around President Trump’s victory appears to be fading," with the dollar index losing much of its gains since September 2024 and the Indian rupee strengthening. The brokerage also highlighted that "recent fiscal and monetary stimuli could pose upside risks to FY26 growth."

A White Marubozu is a bullish candlestick pattern in technical analysis. It occurs when the opening price is the lowest for a given period and the closing price is the highest.

Vivek Paul from BlackRock Investment Institute highlights India s strong structural and demographic opportunities for investors over the next decade, despite global uncertainties and cyclical challenges. He also emphasizes that Indian equities are not particularly expensive in the long run, suggesting international investors should focus on India and other markets beyond just the US.

Hong Kong shares rallied to a fresh three-year high on Thursday, led by tech stocks, as investors continued to pile into artificial intelligence shares and welcomed new policy support.