Sebi has intensified scrutiny of the options market following surveys highlighting significant retail losses. The regulator floated the idea of extending derivative contract tenures last month and recently introduced measures such as delta-based open interest calculation. These changes could impact major market participants, potentially moderating trading volumes and reducing volatility, while Kamath acknowledged possible restrictions on weekly options or stricter suitability norms.
Adani Power shares rose sharply on Thursday after a two-day, 21% decline triggered by profit booking post-stock split and rally. Investor sentiment improved following Sebis regulatory clearance, a shareholder letter from Gautam Adani, and strong group financials, highlighting robust growth and key operational milestones.
Dixon Technologies shares: UBS upgraded the stock to a Buy with a 23,000 target, implying ~27% upside. UBS highlighted Dixons expansion into non-semiconductor smartphone components, expecting EBITDA margins to rise 110 bps by FY28, outperforming consensus estimates.
Citi has re-initiated coverage on State Bank of India (SBI) with a Buy rating and a target price of Rs 1,050, citing strong credit growth, improved returns, and operational efficiencies. The brokerage expects FY26FY27 loan growth of 1314%, NIMs of 2.82.9%, and ROE of 1415%. Risks include asset slippages, lower NIMs, and higher credit costs.
Gold futures eased 0.14% to 1,12,400/10g on MCX Thursday after a strong rally, while silver gained 0.26% to 1,34,355/kg. Globally, gold held steady ahead of U.S. economic data, supported by a weaker dollar.
Indian equity markets are navigating a sideways trend due to valuation concerns and liquidity dynamics, according to Dipan Mehta. Continuous mutual fund inflows are preventing corrections, while fundamentals are hindering strong rallies. GST cuts are expected to boost consumer lending, benefiting banks and NBFCs through increased demand for high-ticket items on EMI.
What is clear from the new data is that Europes shift to electrification is accelerating. The question is who will emerge as the long-term winners in a market that no longer belongs to just Europe or America.
Ivalue Infosolutions, an enterprise technology services provider, experienced a discounted listing on the NSE and BSE, debuting at Rs 284.95 against an IPO price of Rs 299. The Rs 560-crore IPO, an offer-for-sale, was subscribed 1.82 times, with tepid grey market activity preceding the listing.
U.S. stocks closed lower on Wednesday as investors took profits amid concerns about high valuations flagged by Fed Chair Powell. The market awaits key inflation data, while sectors showed mixed performance, with materials declining and energy rising. Company news included a surge for Lithium Americas and a drop for Micron Technology, influencing overall market sentiment.
Asian stocks showed mixed performance following Wall Street's losses, as an AI-driven rally showed signs of fatigue. Investors are closely watching policy risks, including US investigations into imports and concerns over visa issues affecting Korean investments. Attention is now shifting to upcoming economic data and potential impacts on market direction as October approaches.
