Markets Open Flat Amid Options Expiry, Anthropic Files For IPO, Rupee Opens StrongerIndian equity benchmark Nifty opened lower near 22,705 amid the monthly options expiry, with Nifty Bank also trading flat with a negative bias. IT and FMCG stocks experienced downward pressure, while small caps, PSU banks, and pharma shares gained ground.
The Indian rupee opened slightly stronger at 95.17 per dollar. Globally, Claude maker Anthropic filed to go public on the NASDAQ under ticker ANT at a potential valuation of up to 2 trillion dollars, while reporting an 81 billion dollar first-half net loss.
Anthropic devoted over 90 pages of its prospectus to warning that advanced AI systems could manipulate humans, resist shutdowns, and circumvent safeguards. Speaking on the broadcast, market analyst Dharmesh Kant assessed the AI boom and advised a gradual recovery strategy for domestic markets.
In corporate developments, Hyundai India outlined plans for 50 percent alternative powertrains by 2030, while Tata Motors' takeover bid for Italian truckmaker Iveco cleared an 80 percent threshold.