Foreign institutional investors turned net sellers in Indian equities on Thursday, provisionally offloading ₹5,027.36 crore worth of shares after being net buyers in the previous session. The Nifty fell to its lowest level in five months, with 48 of its 50 constituents closing lower and insurance stocks leading declines after regulatory proposals. Domestic institutional investors were net buyers, with provisional purchases of ₹4,301.18 crore.

BlackBerry reported fiscal second-quarter net income of $33.9 million, or 5 cents per share, with adjusted earnings of 7 cents per share. Revenue for the quarter was $163.3 million. For the quarter ending in November, the company forecast earnings of 4 cents to 5 cents per share on revenue of $143 million to $154 million. BlackBerry lifted its full-year outlook to 19 cents to 22 cents per share, with revenue expected at $616 million to $636 million.

Starbucks said it will close roughly 250 coffeehouses across North America later this week, about 1% of its more than 18,000 locations in the region. The company said most of its North America stores are profitable but a small portion has struggled to meet performance expectations. Separately, Starbucks settled a Florida DEI lawsuit, agreeing to pay the state $1 million and stop using race- and sex-based goals, quotas and preferences in employment practices companywide, ending a case filed by the Florida attorney general in December 2025.

Sterling fell to a near three-month low of $1.3222 on Thursday as the dollar was repriced after a hawkish shift by the Federal Reserve. The pound is down about 1.25% since Monday and also edged lower against the euro. Money markets are pricing in roughly 100 basis points of Bank of England rate hikes over the next 12 months, with traders seeing about a 75% chance of a move in November.

MediciNova said it has completed the last patient’s final visit in the double-blind portion of COMBAT-ALS, its Phase 2b/3 trial of MN-166 (ibudilast) for amyotrophic lateral sclerosis. The study randomized 234 participants, and data collection for the double-blind phase has now finished, though efficacy results have not been released. The company’s shares are listed on Nasdaq and the Tokyo Stock Exchange.

The White House is preparing a 90-day ban on U.S. diesel exports, a move that could hit Europe’s fuel supply because more than half of its diesel imports come from the United States. Germany and the United Kingdom said supplies are secure in the near term, while not dismissing potential impacts. The proposed restriction could lift diesel and crude prices.

Bangladesh has ordered more than 200,000 tonnes of Indian wheat after New Delhi lifted export restrictions in August, marking its first large purchases from India since 2022. Supply disruptions from the Black Sea region have pushed up global grain prices, prompting Bangladesh to turn back to Indian supplies. Bangladesh imports more than 7 million tonnes of wheat a year and previously sourced nearly 70% from India. Delivered prices are expected to range between $305 and $326 per tonne, according to Bloomberg.

Global stocks were mostly lower, with U.S. futures pointing to a weaker open. Brent crude rose 2.77% to US$106.94 a barrel and WTI gained 2.35% to US$94.33 as investors worried the war with Iran could keep Middle East oil supplies constrained for a long time. With inflation still high, the Federal Reserve raised rates last week and officials signaled more increases may be needed. The euro was flat at US$1.1388.