The Indian government is emerging as a major force in the country's equity fundraising market, with plans to raise about 30 billion rupees by selling up to 6% of Hindustan Copper. This divestment push is positioning Prime Minister Narendra Modi's administration to meet its targets despite cautious market sentiment. The benchmark NSE Nifty 50 closed above 24,300, though it struggled to maintain levels above 24,500 amid geopolitical risks.

Traders expressed relief after the derivatives expiry passed without major issues. The government's stake-sale initiatives continue to fuel equity capital market activity, making it a potentially banner month for fundraising. Ashutosh Joshi reports from Mumbai where market attention turns to Nvidia's earnings following strong results from AI companies that failed to prevent share sell-offs. Global peers including Salesforce, Adobe, Workday and ServiceNow faced pressure after Intuit's 9% drop on disappointing forecasts.