equity delivery trades

IT giants Cognizant and Capgemini are now valued below their annual revenues, signaling investor wariness of mid-teen margins. AI's rise and slowing client spending pressure traditional models. While efforts are underway to adapt, concerns linger about sustained growth and margin improvement amidst these shifts and sector-specific challenges.

Asian markets faced a downturn due to Middle East conflict fears, with oil prices soaring. However, Singapore's stock market shows remarkable resilience, nearing record highs. This strength is attributed to the safe-haven appeal of the Singapore dollar and supportive domestic policies, offering a stark contrast to regional volatility.

The Indian Rupee has fallen sharply against the US dollar. Geopolitical tensions in the Middle East are intensifying, causing oil prices to rise above $100 per barrel. Investor sentiment has turned cautious as ceasefire hopes fade. Foreign investors are withdrawing funds from Indian equities amid global uncertainty. Experts advise disciplined monthly investments through SIPs.

The Indian rupee rebounded strongly, gaining 151 paise to 93.19 against the US dollar after the Reserve Bank capped banks' net open positions. Despite this regulatory intervention, underlying pressures from foreign fund outflows, a firming dollar, and high crude oil prices persist, impacting equity markets as well.

The selloff by foreign institutional investors (FIIs) has been particularly pronounced. Rupee has seen its worst financial year in over 14 years, breaching the 95 per dollar mark in trade on the last trading day (March 30) of the fiscal year.

Zerodha's CEO Nithin Kamath has highlighted that Ahmedabad and Mumbai account for 80% of equity delivery trades, with significant participation from Gujarat despite it making up just 8% of total registered investors.

Foreign investors aggressively sold Indian stocks in early March, withdrawing over Rs 52,000 crore due to West Asian tensions, a weakening rupee, and rising oil prices. This follows a brief inflow in February, with analysts citing geopolitical risks and better prospects in other Asian markets. Despite outflows, opportunities arise for domestic investors.

Starting April 1, 2026, India will see increased Securities Transaction Tax (STT) on futures and options trading. The Finance Minister announced higher rates for options premium, exercise, and futures, aiming to moderate speculative activity. This change, part of Budget 2026, will slightly raise trading costs for derivatives participants, while equity and mutual fund STT rates remain untouched.

The government has expressed concerns over most trades in the stock market not resulting in delivery and the export of financial markets out of the country.

The government has notified uniform stamp duty rates — lower than earlier — across states for trading in stocks, derivatives currencies and commodities. The notification also makes it easier for consolidated payments through the exchanges where the products are traded. At present, individual brokers have to comply with stamp duty payments under the state's rates.

The increase coincides with higher inflows by foreign institutional investors (FIIs) and a marginal rise in retail participation. However, domestic institutions such as mutual funds have been net sellers during the period.

According to the Sebi, the permission is subject to risk management system and infrastructure of stock exchanges and clearing corporations commensurate to the trading hours. The decision comes after the markets watchdog in May permitted exchanges to extend the trading time in equity derivatives contracts by more than eight hours till almost midnight from October 1.

New Delhi, Aug 24 () With a view to facilitate physical settlement of equity derivatives contracts, markets regulator Sebi today extended the trading timings in securities lending and borrowing (SLB) segment by over two hours till 5 pm.

Reliance Capital has entered the fast growing financial broking business.

Continuing its slide, silver prices were down by another Rs 422 to Rs 45,650 per kg in futures trade today as participants engaged in trimming their positions, tracking a weak trend overseas.

Buoyed by a firm global trend, gold prices rose by 0.33 per cent to Rs 27,336 per 10 gm in futures trade today as speculators enlarged their positions.