Today’s Market News :
The Indian stock market is trading mixed, with Nifty 50 struggling to breach the 25,000 resistance level.
Global markets are suggesting Negative signals, so our Indian markets are likely to start with a “Gap-Down” opening today.
Gift Nifty 24,801 (+21)
Dow Jones 42,931 (-344)
Nasdaq 18,540 (+50)
India VIX 13.76 (+5.56%)
SEBI has introduced new regulations on Futures and Options trading, imposing tighter restrictions on retail traders, including reduced weekly expiries and increased contract sizes.
* The changes aim to address the alarming rise in retail participation in high-stakes trading and the significant losses traders have faced.
* Experts discuss the implications of these regulations and the potential impact on the trading landscape in India.
Hyundai India shares are set to debut today following the country’s largest IPO, with expectations of a 3-5% gain over the issue price despite being fully subscribed only on the last day.
* The company’s strong market position as the second-largest passenger vehicle manufacturer in India, along with its focus on electric vehicles, suggests promising long-term investment potential.
Zomato is set to announce its Q2FY25 earnings today, with expectations of a significant net profit increase between 585% and 662% year-on-year, estimated at Rs 247 crore to Rs 274 crore.
* Revenue growth is projected to be between 61% and 80%, with estimates ranging from Rs 4,571 crore to Rs 5,111 crore, driven by strong volume growth in food delivery and associated businesses.
Adani Energy Solutions is set to announce its Q2 FY25 results today, highlighting a system availability of 99.7% for its transmission business and three new project wins.
* The company has raised Rs 8,373 crore through qualified institutional placement, marking the largest fundraise in the Indian power sector.
