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Get the latest news and updates for markets in one place from wealthy broking
*News Headlines from Business News Agencies:*
*Business Standard*
📝 Private sector capex likely to improve among rising biz confidence: CII
📝 Canara Bank invites EoIs for counter bids on exposure to 3 NSL companies
📝 Tata Digital's financial services bet pays off as credit cards top 1.5 mn
📝 In a first, India's foreign exchange reserves surge past $700 billion
📝 Samsung strike talks hit CITU roadblock; firm willing to accept key demands
📝 Sebi gives in-principle nod to Jio Fin-BlackRock for mutual fund entry
📝 For Rado, India could remain number one market: Global CEO Adrian Bosshard
📝 Banks' group entities cannot be used to circumvent guidelines: RBI
📝 Demand slowdown pulls down services PMI to 10-month low in September
📝 Affordable housing supply in India's top 6 cities slows to a trickle
📝 Dev Accelerator plans Rs 125 cr IPO amid high demand for office spaces
📝 Solar power companies growing fast in Africa, where 600 mn without power
📝 NAREDCO signs MoU with FSAI to improve safety standards in realty projects
📝 Hong Kong surpasses India in market cap as Chinese equities rebound
*Economic Times*
📝 Need clear laws, standard operating procedures to protect workers, manufacturers' interests: GTRI
📝 Exicom acquires US EV charging company Tritium for Rs 310 cr
📝 Paytm focusing on consumer payments business: CEO
📝 Haldiram's Stake Sale: Temasek in talks for over $1 bn stake in India’s biggest snack maker
📝 Vodafone Idea deploys 4G network on underground Mumbai Metro Line 3
📝 Adani Wilmar sees 10% total volume growth in Q2; Food & FMCG segment grows 31%
📝 Apple to open four more flagship stores in India, starts making all iPhone models here
📝 Green GST tax may help buyers shift towards greener cars, says Vikram Pawah, president of BMW Group India
📝 Meja Urja Nigam pays first dividend of Rs 102 cr to NTPC, UPRVUNL
📝 DroneAcharya to foray into US, European markets; eyes $50 mn revenue
📝 Karnataka HC grants interim stay on CCI proceedings against Flipkart, Amazon
📝 Suzuki Motorcycle sept sales rise 1 percent to 99,185 units
📝 SC dismisses plea against order allowing states to levy tax on minerals
*Mint*
📝 L&T Precision Engineering eyes supply chain role for the next US space station
📝 Govt plans crackdown to ensure fair pricing in besan market
📝 Gail, AM Green forge 350 KTPA e-methanol deal to drive clean energy growth
📝 SBI classifies MTNL loan a/c as sub-standard NPA, threatens legal action
📝 SpiceJet clears four-month pending salary of employees, 10-month PF deposited
📝 Titan Q2 update: Tata Group firm posts 25% YoY growth in business
📝 Power Finance Corp. raises $1.27 bn loan to fuel its green energy transition
📝 Centrum predicts 7-8% QoQ ARPU rise for telecom cos in Q2FY25
📝 Amazon to cut 14,000 manager roles by early 2025: Report
📝 JioCinema appoints YouTube’s Ishan Chatterjee as chief business officer
📝 HDFC Bank Q2 Update: Advances rise 7% to ₹25.2 lakh crore, deposits up 15% YoY
📝 India's digital economy to surpass $1 trillion by 2028: Report
📝 Govt to soon open bids for remaining PLI sops for battery manufacturing
Securities in Ban For Trade Date 07-OCT-2024:
1 BANDHANBNK
2 BSOFT
3 GNFC
4 GRANULES
5 HINDCOPPER
6 MANAPPURAM
7 RBLBANK
Today's Headline :
*Economic Times*
📝 Sri Lanka reaches debt-restructuring agreement
📝 Foxconn beats estimates with record Q3 revenue on AI demand
📝 China home sales rise after string of stimulus measures
📝 Dev Accelerator plans Rs 125 cr IPO amid high demand for flexible office spaces
📝 Piramal Finance raises $150 million from international market
📝 RBI Deputy Governor Rajeshwar Rao gets one-year extension
📝 REC disburses Rs 90,955 cr as loan in April-June
📝 ICMR to study efficacy of Metformin, Inositol in PCOS treatment
📝 Centre to finance 65 pc of Chennai Metro Phase 2 project: FinMin
📝 Domestic road logistics industry revenues likely to grow up to 9 pc in FY25: Icra
*Business Standard*
📝 India to further strengthen fintech support to Bhutan: FM Sitharaman
📝 SBI declares MTNL a non-performing asset amid Rs 325.53 crore debt
📝 PM Modi unveils L3 Mumbai Metro, laid stone for Thane ring metro project
📝 India contributes to Nepal PM Fund to support victims of floods, landslides
📝 Karnataka HC halts CCI probe against Flipkart, Amazon over procedural error
📝 Saarc not moving forward, 1 member spreading cross-border terror: EAM
*Financial Express*
📝 CG Power buys RF components biz for $36 million
📝 Vande Bharat Metro train successfully completes 145 kmph trial run in Kota
📝 Tencent-backed Pratilipi targets Rs 110 crore annual revenue run rate by FY25
📝 Zomato to allot 12 million shares to employees
📝 RBI intervention keeps rupee below 84/$
*Mint*
📝 Italgas signs $5.8 bln deal to buy smaller rival 2i Rete Gas
📝 FPIs take U-turn in Oct, offload ₹27,142 crore in Indian equities
📝 Oil soars 10% in 5 days, logs biggest weekly gain in one year; Brent sits at $78
📝 IPO-bound Swiggy launches XL fleet for bulk orders in festive season
📝 Mark Zuckerberg beats Jeff Bezos to become world’s 2nd-richest person
📝 India successfully flight tests VSHORADS missile in Pokhran
📝 Meta takes on Google, OpenAI with new text to video generation model.
Flows in Cash Market on 4th October 2024 👇
👎 FII net sold ₹9896cr
👍 DII net bought ₹8905 cr
Things to know before trade: 4th october 📰
👉GIFT nifty down 70 points indicating weak start
👉Dow down 184 points overnight
👉S&P 500, Nasdaq end flat
👉all eyes on September jobs report due Friday morning in the US
👉Large foreign investor selling yesterday
👉FIIs sold 15243cr in cash market yesterday
👉U.S. crude oil jumps as Biden comments on possible Israel retaliation against Iran
👉Brent crude above 77$/bbl
BSE - WEEKLY INDEX DERIVATIVES CONTRACTS ON SENSEX 50 WILL BE DISCONTINUED EFFECTIVE NOV 14 END OF DAY
BSE: WEEKLY INDEX DERIVATIVES CONTRACTS ON BANKEX WILL BE DISCONTINUED EFFECTIVE NOV 18 END OF DAY
INTRADAY CALL UPDATE : BOOK PROFITS IN BANKNIFTY PUT OPT 52400 9OCT SERIES AT 440 RECO LONGS GIVEN AT 380
Читать полностью…
Q2 Earnings Date
10th Oct: GM Breweries
10th Oct: AnandRathi
10th Oct: IREDA
10th Oct: Tata Elxsi
10th Oct: TCS
14th Oct: Angel One
14th Oct: Gopal Snacks
14th Oct: HCL Tech
15th Oct: HDFC AMC
15th Oct: HCFC Life
16th Oct: Bajaj Auto
16th Oct: CRISIL
16th Oct: LTTS
16th Oct: Mphasis
17th Oct: Nestle
17th Oct: Infosys
17th Oct: Wipro
18th Oct: ICICI General
19th Oct: HDFC Bank
19th Oct: Tech Mahindra
21st Oct: Ultratech
22nd Oct: Coforge
22nd Oct: ICICI Pru
22nd Oct: Persistent
22nd Oct: Zensar
23rd Oct: KPIT Tech
23rd Oct: Navin Fluorine
23rd Oct: Pidilite
24th Oct: Cyient
24th Oct: Max India
24th Oct: NAM India
24th Oct: UBL
25th Oct: Atul
25th Oct: Novartis
25th Oct: Poonawala Fincorp
26th Oct: ICICI Bank
26th Oct: JK Cement
26th Oct: IDFC First Bank
28th Oct: CAMS
28th Oct: Gillette
29th Oct: Cipla
29th Oct: Dabur
29th Oct: Honeywell
INTRADAY CALL : BUY AXISBANK AT 1208,SL-1196,TRGT-1233
Читать полностью…
5 Imp Stocks in the news : 3rd October
1⃣Hero moto 👍
strong sales in September , better than expected
September 2024: total sales growth of 18.8% YoY at 6.37 lakh vs 5.36 lakh units YoY
Growth is led by motorcycle segment , at 20.8% YoY
Scooter segment is weak , down 6.4% YoY at 39521 vs 42229 units
2⃣Dabur - Weak Q2 quarterly update 👎
Company is expected to post mid single digit decline in consolidated revenues for the quarter
Operating margin is expected to decline in a range of mid to high teens due to deleverage and continued investment behind brands
3⃣Marico👍
domestic business posted mid-single digit volume growth
Saffola Oils posted low single digit revenue growth
Company expects to deliver double-digit revenue growth in this year
4⃣KPIT tech 👍
JP morgan upgrades KPIT tech to overweight from Neutral
target price 2000rs
5⃣Maruti 👎
September sales lacklustre, In line with expectations
total sales up 1.9% to 1.84 lakh units, in-line with poll of 1.83 lakh units.
Domestic sales down 1.5% YoY
Things to know before trade: 3rd October 📰
👉US markets close flat overnight
👉all eyes on US jobs report due later this week
👉middle east tensions weigh on global markets
👉Brent crude prices above 74$/bbl
👉Israel vows 'painful' response to Iran missile attack
👉Nikkei rises 2.5% as Yen weakens
👉Markets in mainland China will remain closed until Oct. 8 for a week-long holiday
👉Nifty closed below 25800 on Tuesday
👉Large foreign selling seen
👉FIIs sold 5579cr in cash on Tuesday , DIIs bought 4609cr in cash
👉Jefferies' Chris Wood has reduced his weightage on India by 1% and increased his weightage on China by 2%
👉Indian markets to react to new SEBI rules on F&O trading
SEBI issues circular on F&O
F&O related rules will be applicable from 20th November
Upfront premium from option buyers from February 1
Monitoring of Intra-day Position Limits
Derivatives minimum trading amount raised to `15 Lk
Minimum trading amount increased from `5 Lk to `15 Lk
News Headlines from Business News Agencies:
Business Standard
📝 Mankind Pharma board approves fundraising plan of up to Rs 10,000 cr
📝 India, US may sign pact on critical minerals to bolster trade ties
📝 Bharti Airtel prepays Rs 8,465 crore to DoT for spectrum acquired in 2016
📝 Govt extends income tax audit report deadline to Oct 7
📝 India's current account deficit widens to 1.1% of GDP in April-June 2024
📝 Aurobindo Pharma subsidiary gets 10 observations from USFDA for API plant
📝 India's fiscal deficit for Apr-Aug at Rs 4.35 trn, 27% of full-year target
📝 Wedding rush: 4.8 million couples to spark Rs 5.9 trillion economic surge
📝 AT&T sells 70% stake in DirecTV to private equity firm TPG for $7.6 bn
📝 Adani Airport Holdings raises Rs 1,950 crore through biggest bond issue
📝 Vodafone and Hutchison offer price pledge to answer UK's merger concerns
Economic Times
📝 Oil companies making Rs 15/ltr profit on petrol even as consumers await big price cuts
📝 India moves to current account deficit of $9.7 bn in Q1FY25 from surplus in previous quarter
📝 RBI deputy governor calls for strengthening governance at small finance banks
📝 Delhi government sets up 24x7 'Green War Room' to tackle winter pollution
📝 Tata Power to invest Rs 1.2 lk crore in power distribution, transmission and renewables in Rajasthan
📝 India's core sector declines by 1.8% in August
📝 Kalpataru Projects International bags orders worth Rs 1,241 crore
📝 Swiggy, Hyundai, Vishal Mega Mart among 5 IPOs approved by Sebi; Innovision prospectus returned
📝 Dr Reddy's completes acquisition of Haleon's NRT portfolio
📝 Dwarka Expressway to become India's first free flow tolling system with no toll plazas in next few months
Mint
📝 Indian Oil Corporation withdraws ₹22,000 crore rights issue
📝 India’s core sector output growth contracts by 1.8% in August
📝 Cred eyes new products as revenue surges, losses shrink in FY24
📝 Monsoon ends with 8% surplus, rains 14% below normal in east and northeast
📝 Epic Games to sue Google, Samsung over alleged app-store scheme
📝 Metro Brands is treading slowly on the growth track
📝 Govt to unveil Business Reforms Action Plan 2024 to boost ease of doing business
📝 China markets surge in wild end to the quarter
📝 Peak XV, Google, Hillhouse eye part exits as CarDekho plans IPO
📝 Wakefit enters Rs 1,000 crore revenue club, returns to Ebitda profitability
📝 Tata Power to invest ₹1.2 trillion in Rajasthan for renewable energy projects
SEBI TODAY DID NOT DISCUSS F&O TRADING NORMS IN TODAYS BOARD MEET
Читать полностью…
Stocks Shifted to T Group
Reliance Infra
Reliance Power
PC Jewellers
Aarti Surfactants
Epack Durable
HCL Info
Motisons Jewellers
Optimus Infra
Panacea Biotech
Sequent Scientific
Zaggle Prepaid
Zee Media
Zenotech Lab
Stocks out from T Group
Atul Auto
Black Box
BPL
Dredging Corp
Exicom
IFB Agro
Moschip
Prime Focus
Wockhard
Websol Energy
Q2 earning season starts this week 💹
Timeline of Imp results ⏰
👉TCS: 10th October Thursday
👉DMart: 12th October Saturday
👉HCL tech : 14th October Monday
👉Bajaj auto : 16th October Wednesday
👉Infosys, Wipro: 17th October Thursday
👉HDFC bank : 19th October Saturday
Today's Headlines :
*Economic Times*
📝 Sebi gives in-principle approval to set up Jio Financial-Black Rock's proposed mutual fund
📝 FM calls for faster cap investment rollout by states
📝 Hyundai seeks $19 billion value in India’s biggest ever IPO: Report
📝 RBI to conduct govt bond buyback auction worth Rs 25,000 crore on Oct 10
📝 Piramal Capital raises $ 150 million from bond sale
📝 India's forex reserves hit all-time high of $704.89 billion, up $12.5 billion as of Sept 27
📝 CBDT detects non-compliance by state govt entities in filing returns
📝 PFC secures largest-ever foreign currency term loan of $1.265 bn
📝 GAIL inks deal with AM Green to set up 2.5 GW of renewable projects
📝 MS Dhoni invests Rs 4 crore in IPO-bound drone startup Garuda Aerospace
📝 Startup funding drops 54% on year to $77 million this week
*Business Standard*
📝 Temasek in talks to pick minority stake in Haldiram's at $11 bn valuation
📝 BMW India targets to double electric vehicle penetration by next year
📝 Ace Aviation acquires another plane as Jet Airways deal gets delayed
📝 Macrotech Developers posts highest-ever quarterly pre-sales of Rs 4,290 cr
📝 HDFC Bank to see MSCI weight rise with increased FPI investment headroom
📝 SAMHI Hotels to acquire Innmar Tourism for enterprise value of Rs 205 cr
📝 Committed to structural reforms in third term, says PM Narendra Modi
📝 Demand slowdown pulls down services PMI to 10-month low in September
📝 Private lenders securitise loans worth Rs 21,000 crore in Q2 FY25
📝 Sebi proposes measures to boost retail participation in G-Sec market
📝 DoT launches new system to stop fraudulent international calls with telcos
📝 World Food Price Index registers biggest increase since March 2022
📝 US job growth accelerates in Sep, unemployment rate declines to 4.1%
*Financial Express*
📝 Airport Authority opposes spectrum allocation proposal for telecom services
📝 ID verification startup IDfy expects to cross Rs 200 crore revenue mark in FY25
📝 Per capita income will rise by $2000 in 5 years: FM Nirmala Sitharaman
📝 Vedanta records highest ever aluminium production in Q2, zinc, iron ore output rise too
📝 Services PMI drops to a 10-month low of 57.7 in September on slowed demand
*Mint*
📝 SBI classifies MTNL loan a/c as sub-standard NPA, threatens legal action
📝 Bengaluru sees ₹485 crore in hotel asset sales in a single day
📝 Sebi approves ₹643 crore settlement for NSE, former chief Vikram Limaye
📝 Govt to soon open bids for remaining PLI sops for battery manufacturing
📝 High vegetable prices make vegetarian thali dearer by 11% from last year.
US jobs very strong, Fed repriced !
1. September NFP at 254k vs 150k expected, 159k revised up prior
2. Unemployment rate falls to 4.1% vs 4.2% prior
3. Average hourly earnings sticky & prior month's revised up
US yields soar, equities in the green !
*GIFT Nifty -70 pts (25408) from last trade 25478 ,*
Nikkei +7 pts ,
Hangseng -98 pts ,
Now @6.52am .
Dow -184.93 pts ,Nsdq -6.65 pts, S&P
-9.60 pts , Bovespa -1843 pts , Ftse -8 pts , Dax -149 pts , Cac -99 pts , Crude @ $73.90 brl (+0.19), Brent @ $77.62 brl (+0.00) , Gold @ 2675.00 (-4.20), Silver $32.29 (-0.17), Euro @ $1.1036, JPY @ $146.89, INR @ 83.975
*Today's Corporate Action*
*4th Oct Ex Date*
ACCELYA
Final Dividend - Rs. - 40.0000
CLASELE
Bonus issue 5:1
GPIL
Stock Split From Rs.5/- to Rs.1/-
KPIGREEN
Final Dividend - Rs. - 0.2000
REALECO
Stock Split From Rs.10/- to Rs.2/-
SHIKHARLETR
Bonus issue 3:1
*Today's Key Results/Board Meetings*
*04-Oct-24*
ARISE
A.G.M.;General
GRAVITA
General
NRBBEARING
Interim Dividend
RDBRIL
Increase in Authorised Capital;Preferential Issue of shares
*Stock under F&O ban on NSE*
*04-Oct-24*
1 BANDHANBNK
2 BSOFT
3 GRANULES
4 HINDCOPPER
5 MANAPPURAM
6 RBLBANK
INTRADAY CALL UPDATE : BOOK PROFITS IN NIFTY PUT OPT 25500 3OCT SERIES AT 194 RECO LONGS GIVEN AT 108
Читать полностью…
INTRADAY CALL : BUY NIFTY PUT OPT 25500 3OCT SERIES AT-108,SL-69,TRGT-222
Читать полностью…
INTRADAY CALL : BUY BANKNIFTY PUT OPT 52400 9OCT SER AT 380,SL-313,TRGT-525
Читать полностью…
CUES FOR TODAY
Gift Nifty -300 Pts
Key Hurdles Today:
• Escalating tensions b/w Iran & Israel
• Nifty Weekly Expiry
• SEBI’s circular to tighten F&O norms
• Q2 Dampener from Dabur
Chris Wood: Cuts India weight by 1% citing global geopolitical tensions
Can the bull market climb this wall of worry?
Cash Flows
- FII sold 5579 Cr; DII bought 4610 Cr on Tuesday
- FIIs have sold $2 Bn in last 2 sessions
Index Futures
- FIIs net Sold 1495 Cr on Tuesday, unwound 14000 Longs, Added 6300 Shorts
- FII Long Exposure down from 82% to 79% in 3 sessions
- HNIs, Clients Long Exposure up from 34% to 38% in 3 sessions
Nifty
Options Based Expiry Range: 25550-25850
20 DMA: Key Level to Track
Nifty 25505
Nifty Bank 52538
Stocks in Focus
- Dabur: Q2 Revenue down in mid-single digits, margins to decline
- Marico Q2: Revenue higher in mid-single digits, Bangladesh grew in double digits
- VMART Q2: Overall Revenue +20%, SSSG +15%
- Hero Moto & Eicher: Sep Sales > Estimates
- Oil related stocks in focus due to higher crude price, Iran-Israel tension
- BirlaSoft: Enters F&O Ban
- Balrampur Chini: Exits F&O Ban
*News Headlines from Business News Agencies :*
*Business Standard :*
📝 Institutional investments in real estate rise 45% in Jul-Sep: Colliers
📝 Govt discussing proposal to formulate scheme for 'Made in India' label
📝 NBFC loan sanctions rise 12% in Q1FY25, home and auto loans drive growth
📝 THDCIL to invest Rs 8,800 cr in pumped storage projects in Raj: CMD Vishnoi
📝 Cap goods, engineering firms see new order wins worth Rs 2 trn in H1FY25
📝 WJ Towell & Co raises claim in arbitration from Blue Star to Rs 461.74 cr
📝 Banks to seek govt guarantee on equity conversion before lending to Vi
📝 Samsung India workers observe one-day token fast near Chennai factory
📝 Zydus Lifesciences receives USFDA approval to produce prostrate cancer drug
📝 Pharmaceutical firms up their game to crackdown on spurious drugs
*Economic Times :*
📝 Tata Motors to accelerate maintenance shutdown amid rising stockpiles, declining sales
📝 SBI to add 600 branches in its network during FY25: Chairman Setty
📝 DGGI sends 300 notices to cos' top brass over input tax credit
📝 Company registrations decline 21% in Sept, LLPs rise 8%
📝 Shining bright: Gold loans are the fastest growing category for NBFCs, industry data shows
📝 JSW MG Motor retail sales fall 8% to 4,588 units in September
📝 GNPAs to improve to decadal low in FY25; MFI loans, unsecured need to be watched: Crisil
📝 Petrol sales rises 2.8% in September, diesel drops 2%
📝 Delhi govt to audit DISCOMs on pension surcharge issue
*Mint :*
📝 Reliance Group to build solar and hydro-power projects in Bhutan
📝 Tribunal orders lenders of insolvent Siti Networks to return ₹148 cr to company
📝 Tesla misses estimates, demand hit amid competition in China & Europe market
📝 CRISIL removes IIFL Finance from ‘Rating Watch’, reaffirms long-term rating
📝 Grover Zampa sharpens focus on premium wines after ₹90 cr capital boost
📝 Titan’s Helios to launch exclusive luxury watch stores as demand surges
📝 Mankind Pharma secures CCI approval for ₹13,360-crore worth acquisition of BSV
📝 Dabur India expects mid-single digit revenue dip due to floods, inventory issues
📝 Google offers to settle anti-trust case in smart TV probe
📝 Jet Airways' winning bidder claims lenders want to sell airline assets as scrap
*News Headlines from Business News Agencies:*
*Business Standard*
📝 IIFL Home Finance to raise up to Rs 3,000 cr via public issue of bonds
📝 Ashiana Housing bets on senior housing facilities to drive profit
📝 Varindera Constructions files draft papers to secure Rs 1,200-cr via IPO
📝 Digi Yatra to be made available in regional, int'l languages: Official
📝 Ashok Leyland, travel tech firm FlixBus sign deal for inter-city mobility
📝 Ahead of festive season, 19 kg commercial LPG price hiked by Rs 48
📝 Govt proposes to amend Geographical Indications law, seeks comments
📝 Ireda sees 303% surge in loan sanctions, reaching Rs 17,860 cr in Apr-Sept
📝 FCI to install modern video surveillance system at 561 storage depots
📝 UPI crosses 500 million daily transactions; value falls flat in September
📝 Boeing considers raising at least $10 billion by selling stock: Report
*Economic Times*
📝 Tata Motors total domestic sales down 15 pc at 69,694 units in Sep
📝 NCLAT upholds tribunal’s order of Sarda Energy’s acquisition of SKS Power Generation
📝 Oil prices drop over 2% to $70/bbl as prospects of additional supply offset Mideast fears
📝 Rupee ends little changed, exporter dollar sales help counter dip in Asia FX
📝 Avaada Group commits Rs 1 lakh cr investment in Rajasthan
📝 NTPC arms commission 50 MW solar project in MP, 98.78 MW in Rajasthan
📝 Ola Electric's dominance fades as Indian e-scooter battle intensifies
📝 Kia India sales up 17 pc in September at 23,523 units
📝 Highway Infrastructure, Jaro Education file DRHPs with Sebi to raise funds through IPO
📝 Corporate credit profile robust in H1; 202 issuers got rating upgrades: Ind-Ra
📝 German competition watchdog vows closer eye on Microsoft
*Mint*
📝 RVNL secures order worth ₹283.69 crore from East Coast Railway
📝 Ford in talks with Tamil Nadu govt. for potential EV manufacturing in India
📝 Sony Pictures CEO Tony Vinciquerra to step down; Ravi Ahuja named successor
📝 China’s housing glut collides with its shrinking population
📝 NCLAT issues notice to ICICI Securities in delisting case
📝 India’s manufacturing activity eases to an eight-month low in September
📝 Samsung may introduce fees for Galaxy AI features by late 2025: Report
📝 GST-related anti-profiteering regime ends in March, marks shift to free pricing
📝 M&M auto sales rise 16% YoY to 87,839 units in September; tractor sales up 2%
📝 SoftBank to invest $500 million in OpenAI amid $6.5 bn funding round: Report
📝 Kharif sowing reaches 110.85 million hectares, exceeding five-year average
SEBI RELEASES NEW RULES FOR EQUITY DERIVATIVE SEGMENT || SEBI INCREASES THE MINIMUM TRADING AMOUNT FOR DERIVATIVES FROM 500,000 RUPEES TO 1.5 MILLION RUPEES
SEBI REDUCES EXPIRIES OF DERIVATIVES CONTRACT TO ONE PER EXCHANGE PER WEEK SEBI - NEW MEASURES FOR DERIVATIVES TRADING TO BE EFFECTIVE SEBI ASKS EXCHANGES TO MONITOR INTRADAY POSITION LIMITS FOR EQUITY INDEX DERIVATIVES
SEBI - UPFRONT COLLECTION OF OPTIONS PREMIUM AND INCREASED MARGINS TO BE EFFECTIVE FEB 2025 || SEBI MANDATES ADDITIONAL MARGIN REQUIREMENT OF 2% FOR SHORT OPTIONS CONTRACTS ON DAY OF OPTIONS EXPIRY
US Markets recover after a slipping in reaction to Powell speech 💪
S&P 500 posts record close 🍾
+2% in Sep 2024, notching its first positive September since 2019
🤩 Gained 20% in first 3 quarters of 2024
🇺🇸 Markets on Monday
#Dowjones +0.04%
#Nasdaq +0.38%
S&P500 +0.42%
Commentary from Federal Reserve Chair made traders a little skittish intraday as Jerome Powell said
🎤 Recent 50 bps cut shouldn’t be interpreted as a sign that future moves will be as aggressive
🎤 Added that Fed is not on any preset course
🎤Expressed confidence in economic strength & believes inflation will continue to cool
Other Asset Classes
🇺🇸 10-year yield at 3.77%
⛽️ Brent Crude at 72$/barrel
🪙 Gold at $2,627/ounce
💲 Dollar Index at 100.84
💸 Bitcoin at 63300$
Economic Data due on Tuesday
🇺🇸 Bureau of Labor Statistics’ Job Openings & Labor Turnover Survey for August
👉 S&P Global U.S. Manufacturing Purchasing Managers’ Index
👉 ISM Manufacturing PMI readings
BREAKING NEWS : SEBI BOARD MEETING
SEBI PRESS RELEASE ON TODAY'S BOARD MEETING DOESNT HAVE CHANGES IN F&O SEGMENT
NO RULES CHANGE FOR DERIVATIVES EXPIRY YET