TRADERS
Rupee slips with traders clinging to equity cues, awaiting inflation data
The Indian rupee faced a setback on Thursday, dipping to 94.0425 against the dollar amidst rising oil prices and escalating inflation fears. Previously, it had seen a peak of 93.62 thanks to foreign portfolio inflows. Investors are now holding their breath for October's consumer inflation figures, as they could significantly influence upcoming policy decisions and market sentiment surrounding the rupee.
Indian bonds drift as US debt rout saps oil relief before CPI
On Thursday morning, Indian government bonds remained stable, reflecting a pause after recent volatility. Market sentiment is influenced by declining oil prices and climbing US Treasury yields, with inflation data on the horizon. The Reserve Bank of India is expected to modify its policy rate in light of these figures. Meanwhile, the ongoing Iran conflict could affect oil pricing, as traders prepare for a significant bond auction set for Friday.
India bonds to stay hemmed in by oil, Treasury moves ahead of inflation data
Indian government bonds are anticipated to trade between softer oil prices and rising US yields. The market is waiting for domestic inflation data that could influence the Reserve Bank of India's rate strategy. A Reuters poll estimates an increase in annual consumer inflation, potentially leading to further tightening by the RBI. Investors are cautious ahead of a significant bond auction scheduled for Friday.
Dollar firms as hot inflation, hawkish Fed talk lift rate-hike bets
The US dollar has gained against multiple currencies due to expectations of Federal Reserve interest rate hikes. Inflation data revealed an increase in consumer prices, prompting trader speculation about further monetary tightening. The Japanese yen has weakened to its lowest level in over two months, approaching significant mark. Many developed-market currencies are performing poorly against the dollar this year, attributed to widening interest-rate gaps.
US Treasury rout hands India's 10-year bond its worst day in a month
On Wednesday, the Indian rupee gained strength against the dollar, reaching its highest point since April. This improvement was influenced by foreign investments in local stocks and upbeat sentiment in the non-deliverable forward market. Although inflation concerns in the US led to a stronger dollar, traders remained focused on foreign portfolio investments in Indian equities.
Rupee touches strongest since April as foreign inflows offset firm dollar
On Wednesday, the Indian rupee surged to its healthiest value since April, closing at 93.69 against the dollar. This upswing was driven by a remarkable influx of foreign investments in local stocks, totaling nearly $6 billion in November. Even in light of a stronger dollar amid US inflation signals, the rupee stood firm. There's a notable optimistic shift in market sentiment, now eager for India's inflation data anticipated for October.
SC slams forum shopping, transfers commercial lawsuit from Delhi HC to Madras HC
The Supreme Court addressed the practice of forum shopping in its recent order regarding a commercial suit. The court transferred the case from Delhi High Court to Madras High Court to ensure appropriate jurisdiction. Both parties involved in the suit were located in neighboring states of Tamil Nadu and Karnataka. The ruling emphasized the importance of having cases heard in relevant local courts.
Zerodha users flag glitches in BSE F&O price update; broker says issue resolved
Zerodha experienced a technical setback on Wednesday, which hampered price updates within the futures and options sector of BSE. This situation concerned various brokers, leading to anxiety among derivatives traders who rely heavily on accurate real-time data. Zerodha quickly collaborated with the exchange to rectify the problem, successfully resolving it later in the day.
Traders raise odds of 50 bps Fed rate hike as CPI rise exceeds expectations
New data has revealed that US consumer prices rose faster than anticipated, prompting speculation about interest rate changes. Fed Governor Christopher Waller suggested a half percentage point hike may be necessary if core prices continue rising. The Consumer Price Index showed a month-over-month increase of 0.4% in October, with core inflation remaining persistent. The bond market reacted strongly to these developments, significantly affecting Treasury yields.
One year of Delhi Red Fort blast: Victims struggle to cope with trauma, traders recall the horrific day
One year ago, a devastating blast outside the Red Fort in Delhi resulted in numerous casualties and injuries. Families continue to mourn the loss of loved ones, struggling with emotional and financial difficulties. Survivors like Ankur face life-altering consequences from the incident, impacting their everyday lives. Local traders have reported decreased business and ongoing fears related to security after the blast.
Cement trader deposits Rs 14.74 lakh during demonetisation, gets tax notice over Rs 5.72 lakh unexplained cash; wins case in ITAT Cuttack
Mr. Patra, a cement trader from Balasore, encountered problems with the Income Tax Department over cash deposits that were deemed unexplained. Following an injury, he challenged the authorities' findings by presenting evidence from his cash books. The Income Tax Appellate Tribunal reviewed the case and confirmed that he had sufficient cash on hand, ultimately deciding to classify the disputed amount as explained, resolving the legal troubles.
Asia Rice: Vietnam, Thai rice prices hit near two-year highs as India slips
Vietnam and Thailand are experiencing a dramatic rise in rice export prices, reaching their highest levels in almost two years. This surge is predominantly fueled by supply uncertainties and increasing demand, notably from the Philippines.
CTI calls for round-the-clock fire engines and ₹100 crore fire assistance for Delhi markets
The Chamber of Trade and Industry has called for round-the-clock fire engine deployment in 20 crowded markets. This request follows a significant fire incident affecting multiple shops in Karol Bagh's Gaffar Market. Advocating for a ₹100 crore relief fund, CTI aims to assist small traders impacted by fire disasters. Fire safety in commercial areas during festive seasons like Diwali remains a major concern for traders.
Wall Street fear gauge soars and retail traders bolt as markets in tailspin
Retail investors experienced significant losses as they sold over $1 billion in stocks due to rising fears. The Cboe Volatility Index spiked sharply, indicating increased market anxiety among traders and investors. Major stock indexes declined, driven down by fears that a Democratic sweep could hinder AI spending. Options market activity reflected heightened demand for hedges, as retail investor sentiment shifted.
Rising oil prices cap India bond rally; traders cash in gains
Indian government bonds saw a rise as traders reacted to a US Treasury rally and falling crude prices. The benchmark 6.94% 2036 bond yield declined by nearly 2 basis points after intraday fluctuations. Oil prices rebounded after initially falling, causing traders to lock in profits. Attention will turn to upcoming inflation data, with expectations for an increase in October.
US midterm elections: Prediction markets give Democrats a 74% chance of sweeping Congress
Kalshi traders currently estimate a 74% likelihood of Democrats winning control of both the House and Senate. Recent polls indicate Democrats lead in key battleground states, impacting their chances positively. The prediction markets have experienced significant trading activity, exceeding $57 million. Republicans initially had a dominant position in the Senate-control market, but recent trends have reversed in favor of Democrats.
SC seeks Centre's response to plea against anti-CEC protests during festive season
The Supreme Court has called for responses regarding ongoing protests that are disrupting local businesses. Traders' organizations claimed that demonstrations at Ramlila Maidan are negatively impacting the area and affecting commerce. The Chief Justice emphasized the need for designated protest times while ensuring people's rights to protest are respected. Additionally, concerns were raised about massive detentions, police actions, and internet shutdowns linked to these protests.
Why traders are moving away from equity F&O to commodities? Nithin Kamath explains
Commodity derivatives traders in India surged nearly 62% to 21 lakh in FY26, while equity F&O participants fell 20% to 85 lakh. Zerodha's Nithin Kamath cited commodity volatility, options popularity and extended MCX trading hours.
Right to protest, right to trade: Trader's body CAIT urges Delhi LG to notify protest sites on city outskirts
CAIT has urged the Delhi Lieutenant Governor to notify designated protest sites to safeguard trade activities. They highlighted the growing disruptions caused by protests and their impact on daily economic life. The traders' body emphasized the need for a balanced solution that respects both the right to protest and the need for uninterrupted business.
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