Market News

Nasdaq to invest $100M in Kraken parent for tokenized equities

Nasdaq announced a $100 million investment in Payward, Kraken's parent company, to build infrastructure for trading tokenized equities launching in 2027. The initiative reflects major financial infrastructure players moving into blockchain-based securities trading to capture emerging demand.

Sebi settles disclosure violations against Adani Ports executives

India's Securities and Exchange Board (Sebi) has resolved disclosure breach allegations against Adani Ports' CEO and CFO, with each executive settling by paying 1.37 million rupees without admitting fault. The settlement concludes a probe into banking operations and inter-corporate security deposits that was triggered by concerns over financial reporting violations.

Sebi settles disclosure violation charges against Adani Ports executives

India's Securities and Exchange Board (Sebi) has settled disclosure violation charges against the Chief Executive Officer and Chief Financial Officer of Adani Ports and Special Economic Zone Ltd (APSEZ). The settlement concludes an investigation into banking transactions and inter-corporate security deposits involving APSEZ, its subsidiaries, and PMC Projects (India) Private Limited.

Sonaselection India IPO launches at Rs 94-99 per share

Sonaselection India, a Rajasthan-based fabric manufacturer, is launching its initial public offering on September 17 with a price band of Rs 94-99 per share, targeting a raise of approximately Rs 141.6 crore. The company plans to allocate IPO proceeds toward debt repayment, machinery acquisition, and general corporate purposes ahead of its listing on NSE and BSE.

Sebi Retains Closing Auction Session but May Revise Derivatives Settlement

Sebi Chairman Tuhin Kanta Pandey confirmed the Closing Auction Session will remain in place while the regulator reviews derivative settlement price calculation methods to address trader concerns about sharp expiry-day volatility. The announcement came after the Sensex experienced significant swings, though index provider MSCI reported its recent rebalancing proceeded smoothly under the new framework.

Indian Equities Edge Higher Despite Oil Surge and Global Headwinds

Indian stock markets closed marginally higher on September 10, with the Nifty gaining 0.20% and Sensex rising 0.19%, even as Brent crude approached $102 per barrel and global sentiment remained weak. Technical analysts identified 23,600 as a key resistance level for the Nifty amid continued market pressure, while HDFC Life, Power Grid, HCL Tech, and Hindalco emerged as top movers on the benchmark indices.

Kahneman on investor bias: Why we sell winners too soon

Behavioral economist Daniel Kahneman highlights how investors tend to sell profitable stocks prematurely while holding onto losses, driven by the desire for immediate gratification. The insight underscores how loss aversion and emotional attachment to past prices distort investment decisions rather than rational assessment of future fundamentals.

Bitcoin Consolidates Near $78,000 Ahead of US Inflation Data

Bitcoin traded near $78,000 on Thursday as investors awaited key US inflation data and the Federal Reserve's September 16 rate decision announcement. The cryptocurrency remained range-bound amid macroeconomic uncertainty, with analysts noting that upcoming economic data and geopolitical tensions could determine the market's next directional move.

Rupee Weakens 38 Paise to 95.46 Against US Dollar

The Indian rupee depreciated by 38 paise to close at 95.46 per US dollar on Thursday, driven by elevated Brent crude oil prices above USD 102 per barrel amid offsetting currency pressures. The rupee's decline reflects conflicting market dynamics including portfolio outflows and elevated energy costs, even as domestic equities advanced.

Copper Rally Signals Mining-Smelting Mismatch, IPCPA Reports

Copper prices have reached record levels as global supply imbalances emerge between constrained mining operations and expanding smelting capacity, according to reports from the International Precious Metals Institute and Copper Producers Association. The structural mismatch, compounded by anticipated US tariff impacts, poses challenges for inventory management as copper demand continues to rise.

IndiGo shares fall 8% as oil prices surge; Ambit maintains buy rating

InterGlobe Aviation shares declined 8% over the past month as crude oil prices exceeded $100 per barrel, limiting near-term upside potential. Despite these headwinds, Ambit Capital retained its buy recommendation, citing the airline's market-share gains and robust aircraft order book, though flagging fuel, forex, and competitive risks.

India's Sensex, Nifty reverse losses to close higher despite oil surge

India's benchmark indices, Sensex and Nifty, closed positively on Thursday with the Sensex gaining 138 points and Nifty trading above 23,450, reversing intraday losses and ending a three-day decline. The recovery was driven by gains in major stocks including Power Grid and Axis Bank, which each surged nearly two percent, along with contributions from UltraTech Cement and NTPC.

European shares edge higher ahead of ECB rate decision

European equity markets recovered from their sharpest one-day decline in two months, advancing as investors braced for an anticipated ECB rate increase and guidance from President Christine Lagarde on inflation management. Oil prices remaining above $100 per barrel continued to weigh on market sentiment amid broader economic uncertainty.

India-listed US ETFs trade at 65% premium over iNAV

India-listed US exchange-traded funds are trading at steep premiums to their indicative net asset values, with some reaching 65% above fair value, driven by limited supply and strong demand for US equities. Investors purchasing at these elevated levels face significant downside risk if the pricing gap eventually normalizes.

US ETFs in India Trading at 65% Premium Over iNAV

India-listed US exchange-traded funds are trading at substantial premiums to their indicative net asset values, with some reaching 65% above fair value, driven by supply constraints and strong domestic demand for American equities. Investors purchasing at these elevated prices face significant downside risk if the premium compression occurs.

BSE Outage Disrupts Trading; Zerodha Users Report Persistent Price Issues

The Bombay Stock Exchange experienced a technical disruption on September 10 affecting cash segment partitions and specific securities, with operations subsequently restored. Zerodha users reported ongoing issues with outdated futures and options prices and order placements despite the exchange's confirmation of resolution.

Blackstone Acquires Majority Stake in South Korea Logistics Park

Blackstone has secured a dominant share in Sanha Logistics Park II in South Korea, with the facility expected to be completed by 2028, according to reports. The acquisition strengthens Blackstone's logistics real estate presence in East Asia, with ESR retaining management responsibilities for the development.

11 Indian Stocks Post 4-Quarter Profit Margins Above 10%, Rally Up to 120%

Eleven stocks listed on Indian exchanges have maintained profit margins exceeding 10% for four consecutive quarters, with some recording gains as high as 120% during the period. The sustained profitability metrics indicate resilience among select companies despite broader market volatility.

Burry Exits Near-Term Puts, Signals Cautious AI Stance

Michael Burry has closed his December 2026 put options on Nvidia and Palantir without rolling them forward, indicating a tactical pullback in near-term bearish positioning while maintaining longer-dated hedges. The move suggests the 'Big Short' investor is adopting a more defensive posture, willing to hold cash rather than aggressively bet against AI stocks in the near term.

Burry Exits Near-Term Puts, Sits on Cash Amid AI Valuation Concerns

Michael Burry, the investor famous for betting against the 2008 housing crisis, has reduced near-term portfolio risk by exiting December 2026 put options on Nvidia and Palantir without replacing them, while maintaining longer-dated 2027 positions. The move suggests a tactical retreat on timing rather than a fundamental reversal of his bearish stance on stretched artificial intelligence valuations.