FUTURES TRADERS
Rupee falls 5 paise to 83.54 against US dollar in early trade
The rupee depreciated 5 paise to 83.54 against the dollar due to high crude prices, starting at 83.52. Positive equities, foreign fund inflows supported. Amit Pabari noted pressures like crude at USD 87. S&P's YeeFarn Phua mentioned fiscal deficit reduction need. NSE Nifty, Sensex surged; FIIs buying shares. Dollar index at 105.36, US yields at 4.35%.
Gold inches up after weak data fuels US rate cut bets
Dramatic gold price surge expected amid cautious Fed approach and weaker employment reports, signaling potential economic challenges ahead.
Sebi diktat: Big impact if brokerages do not change their revenue model: Ajay Kejriwal
The Sebi diktat on differential offerings could impact profit in the range of say 2% to 5% minimum to up to 30%. So, depending on the brokerage model, what they are offering, and what kind of model they are retaining. So the brokerage houses will have to tweak their models, says Ajay Kejriwal, CEO, Choice Equity Broking.
Rupee declines pressured by weak Asian peers, oil companies' dollar bids
Indian rupee weakens as Asian currencies fall amid strong dollar demand. US bond yield rise impacts currencies, with Chinese yuan and Korean won leading losses.
Traders' new fancy: Crypto F&O
Indian crypto traders are flocking to Futures & Options (F&O) markets, with leading exchanges like CoinDCX and Delta Exchange experiencing a volume surge. However, a cloud of uncertainty hangs over the regulatory landscape regarding F&O taxation. This shift is driven by a desire to avoid the 1% TDS imposed by the government on spot crypto trading.
Rupee falls 11 paise to 83.45 against US dollar
The central government's fiscal deficit reached 3% of the annual estimates by May-end 2024-25. India's forex reserves surged to USD 653.711 billion, with FIIs selling shares worth Rs 23.09 crore. The RBI confirmed the increase in reserves, reflecting a positive economic outlook.
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Rupee falls 9 paise to 83.43 against US dollar in early trade
The healthy expansion in infrastructure sectors' growth in May was driven by the production of coal, natural gas, and electricity, amidst rising crude oil prices impacting the rupee and positive equity market sentiment.
Asia stocks down, yen slump keeps markets on intervention alert
Asian shares fell on inflation worries, pushing bond yields higher. The yen's decline raised intervention fears. The dollar surged against major currencies. Markets reacted to unexpected inflation hikes. Uncertainties in commodity markets added to the jittery mood.
F&O Ban: India Cements, Indus Towers among 5 stocks under trade ban on Thursday
The Future & Options contracts of any stock enter a ban period when its open interest (OI) exceeds 95% of the market-wide position limits (MWPL). The ban is lifted only when the open interest falls below 80% of MWPL
Asia stocks down, yen slump keeps markets on intervention alert
Inflation concerns impact markets worldwide, driving bond yields up and Asian shares down. Currency markets watch as the yen weakens, prompting fears of intervention. Unexpected jumps in inflation in Australia and Canada add to market nerves before the Federal Reserve's upcoming data release.
Budget 2024: D-Street captains urge FM Sitharaman to hike STT charges on high frequency traders
Every sale and purchase of equities listed on exchanges incurs a Securities Transaction Tax. The STT rate is 0.017% on options sales and 0.01% on futures sales. Additionally, a proposal to discourage retail investors from trading futures and options by imposing an additional tax was reportedly not discussed, according to ETNow sources.
RBI monitoring F&O frenzy in India along with Sebi: Shaktikanta Das
The increased involvement of retail traders, many of whom are experiencing losses in the futures and options (F&O) market, has drawn regulatory scrutiny. A joint early warning group consisting of the Securities and Exchange Board of India (Sebi) and the Reserve Bank of India (RBI) is closely monitoring this situation.
Global traders flood American markets in search for safety
International investors are flooding American markets with $30 billion in stock funds, mainly targeting US tech shares. The S&P 500 and long-dated Treasuries are outperforming global markets amid economic and political uncertainties.
Currency traders readying for a ‘Vol Killer’ summer after Fed
Investors may be disappointed as currency volatility is expected to remain low despite initial signs of turbulence. The market reacted to weak inflation data and Powell's rate cut projection, causing the FX Volatility Index to fall. Traders now anticipate narrow currency ranges over the summer.
Rupee surges 38 paise to 83.04 against US dollar in early trade
The rupee strengthened to a three-month high of 83.04 against the US dollar on Monday, supported by positive sentiment in domestic equity markets fueled by strong macroeconomic data and exit poll results favoring PM Narendra Modi's government.
7 key mantras for young traders of Dalal Street to master the art of options trading
Trading can be a highly rewarding profession, but it is imperative to acknowledge that it is not a get-rich-quick scheme. Here are a few things that youngsters should keep in mind:
Rupee rises 5 paise to 83.24 against US dollar in early trade
Rupee appreciated 5 paise to 83.24 against US dollar in early trade on Friday due to robust sentiment in domestic equity markets and downward trend in crude oil prices overseas.
Traders bearish on June, Nifty slips 216 points
Analysts said foreign fund managers have predominantly rolled over bearish positions to June, while domestic traders remained bullish though the benchmark indices extended losses to the fifth straight trading session.
Rupee falls 9 paise to 83.27 against US dollar in early trade
Rupee depreciates 9 paise to 83.27 against USD on negative equities and high oil prices, influenced by domestic market sentiment and USD strength. Rupee opened at 83.22, traded at 83.27. Dollar index at 104.72, Brent crude at USD 84.40. Sensex down by 0.30%.
Rupee falls 9 paise to 83.27 against US dollar in early trade
The rupee declined to 83.27 against the US dollar on Wednesday, driven by negative equities trend and elevated crude oil prices, with interventions from RBI and anticipation of Lok Sabha election results.
Rupee rises 3 paise to 83.10 against US dollar in early trade
The rupee gained 3 paise against the US dollar, reaching 83.10, driven by positive domestic equities and USD weakness in global markets.
Rupee rises 4 paise to 83.06 against US dollar in early trade
The rupee appreciated by 4 paise to 83.06 against the US dollar on Monday, supported by the weakness of the American currency. Elevated crude oil prices restricted the upmove. The Adani Group plans to raise USD 3.5 billion through a Qualified Institutional Placement.
Are concerns over F&O retail activity overblown?
Options turnover in the total F&O turnover has been calculated on the basis of the premium and not the strike value (which is used by NSE and BSE to calculate their turnover officially).
Rupee rises 7 paise to 83.24 against US dollar in early trade
The rupee rose by 7 paise to 83.24 against the US dollar, aligning with its fundamentals. Medium-term target projected to range between 82.80 to 82.50 levels. Dollar index was trading lower at 104.63.
India’s $6 trillion derivatives frenzy has government worried
Finance Minister Nirmala Sitharaman and Chief Economic Advisor V. Anantha Nageswaran sounded caution in recent days about growing retail participation in the equity futures and options market.
Rupee opens on flat note against US dollar in early trade
At the interbank foreign exchange market, the local unit moved in a narrow range. It opened at 83.50 against the American currency and touched 83.49 in the initial trade.
F&O stocks to buy today: RIL, Axis Bank among top 9 trading ideas for 17 May 2024
Indian market is expected to rise Friday on positive global cues. Nifty futures are up 0.84% at 22473. Options data suggests a broader range of 21800-22800.
F&O stocks to buy today: Tata Steel, ACC among top 9 trading ideas for 16 May 2024
On the weekly options front, the maximum Call OI is placed at 22500 and then towards 22300 strikes while the maximum Put OI is placed at 22000 and then towards 22200 strikes.
US Fed vice chair says interest rates should remain on pause
The US Federal Reserve has hiked interest rates -- and held them -- at a 23-year high as it looks to bring inflation down to its long-term target of two percent.
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