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The dollar declined following a softer U.S. producer price reading, fueling speculation of Federal Reserve rate cuts. Risk-sensitive currencies gained while traders anticipated U.S. CPI data. The Australian and New Zealand dollars rose, and markets priced in a rate cut by the RBNZ. Sterling and the euro remained stable amid varying market expectations.

Samvardhana Motherson Q1 Results: Auto components maker Samvardhana Motherson International on Tuesday posted a 65% year-on-year (YoY) jump in consolidated net profit to Rs 994 crore for the June quarter of FY25. The company had reported a net profit of Rs 601 crore in the June quarter of the last fiscal.

The National Stock Exchange has raised the Investor Protection Fund Trust compensation limit to Rs 35 lakh, up from Rs 25 lakh. The new limit applies to claims against trading members declared defaulter or expelled. The fund was established to compensate investors in such events and to promote investor education and awareness.

It had fixed August 9 as the record date for determining the entitlement and the names of equity shareholders who would be eligible to participate in the buyback.

The company said EBITDA growth was moderate due to the initial costs associated with new facilities, and expressed optimism in the long-term value of these investments.

Revenue from operations rose to Rs 2,093 crore for the April-June quarter, as compared to Rs 1,585 crore in the year-ago period, Ipca Laboratories said in a regulatory filing.

The healthcare services business (hospital business) revenue grew 15% YoY to Rs 2,637 crore in Q1FY25. The EBITDA margins stood at 23.57%.

Indian benchmark indices Sensex and Nifty finished lower, primarily due to a decline in HDFC Bank. The recent swing high of 24,472 appears to be a lower top on the Nifty’s daily chart. A drop below the next support level of 24,000-23,900 could lead to a notable downward correction. Immediate resistance is seen at 24,350.