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European shares were flat in early trade on Wednesday, as gains led by healthcare stocks following drugmaker Novo Nordisk s strong earnings were countered by losses in technology stocks.

Venugopal Garre, MD at Bernstein, points out the declining role of Foreign Institutional Investors (FIIs) in the Indian market and the increasing dominance of domestic institutional investors. He emphasizes the volatility affecting the market, the importance of index weights, and the FII sentiment regarding the Indian market, highlighting the challenges FIIs face, including rupee depreciation and allocation constraints.

LIC trimmed its stake in multiple NSE-listed firms in Q3 FY25, lowering its share by value to 3.51% from 3.59% in Q2 FY25, as per primeinfobase.com.

Amit Syngle, MD & CEO of Asian Paints, highlights the competitive environment with new market entrants and challenges like fluctuating crude oil prices affecting the industry. Asian Paints is launching new products, including an eco-friendly Ultima Suprema and a long-lasting waterproofing product, SmartCare Infinia, while keeping an eye on both demand recovery and material costs.

Bitcoin slipped below $100,000 amid U.S.-China trade tensions, while Ethereum and other altcoins saw mixed movements. Market sentiment remains cautious, with Bitcoin dominance at a four-year high. Analysts warn of potential downside to $86K but highlight February’s historically strong performance. Traders are advised to monitor support levels and global market conditions closely.

Before listing, the company s shares traded at a Rs 13 grey market premium on Wednesday, indicating a 26% premium over the IPO’s upper price band of Rs 50. Net proceeds from the IPO will be used for capital expenditure, including new testing kits and equipment, working capital support, debt repayment, and general corporate purposes.

​Autos, I already mentioned, they should do quite well. Even IT stocks, we believe should do much better. We will also have some benefit of the currency and US economy bouncing back very strongly, that is the expectation because of the confidence that the US Inc corporate leaders have at this point in time.

The Indian rupee weakened to a historic low of 87.35 against the U.S. dollar, influenced by expectations of an impending rate cut by the Reserve Bank of India and strong dollar demand from importers. Despite a softer dollar aiding other Asian currencies, India s persistent foreign portfolio outflows added further pressure, resulting in nearly 0.3% depreciation on the day.