Friday, September 25
U.S. President Donald Trump said on Sunday his administration is close to finalizing several trade agreements in the coming days and will notify other countries of higher tariff rates by July 9, with the higher rates scheduled to take effect on August 1. Despite promises to work on 90 deals in 90 days, Trump and his team have been able to complete only a limited deal with Britain and a not well-defined agreement with Vietnam. A long-promised deal with India has remained elusive. Here's the state of play for several U.S. trading partners facing deadlines this week: EUROPEAN UNION U.S. officials said they were making good progress with the 27-member European Union, after its top trade negotiator Maros Sefcovic met with officials in Washington last week. EU diplomats said talks were continui
Indian market is likely to consolidate on Monday, tracking muted global cues.The Nifty future closed positively with gains of 0.17% at 25,552 levels on Friday. India VIX fell 0.5% to close at 12.32.On the options front, the maximum Call OI is placed at 25,500 and then towards 26,000 strikes, while the maximum Put OI is placed at 25,400 and then towards 25,200 strikes.Call writing is seen at 25,400 and then towards 26,000 strikes, while Put writing is seen at 25,300 and then towards 25200 strikes.“Options data suggests a broader trading range in between 25,000 to 26,000 zones while an immediate range between 25,300 to 25,700 levels,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.“On the daily chart, Nifty formed a Hammer candlestick with a pron
Even as fintech companies scramble to add AI features in their broking platforms, Zerodha has intentionally held back from enabling AI-driven order placement, founder and CEO Nithin Kamath said in a tweet on his official X handle.It is a deliberate choice the discount brokerage is making as a long-term vision of staying relevant in an industry which is big on automation."...we've intentionally held back on enabling AI-driven order placement," Kamath said, adding that "in a future where everything is automated, trust and infrastructure will be our only real moats".Kamath believes that humanity is at the brink of a massive shift where investing, trading, banking, and payments will increasingly happen through custom AI-powered apps built by users themselves, simply by typing natural language
Markets regulator Sebi on Monday proposed allowing asset management companies (AMCs) or their subsidiaries to offer additional services related to fund management, such as acting as Points of Presence (POP) for pension schemes and serving as global distributors for the funds they manage or advise.Presently, AMCs and their subsidiaries are only allowed to provide services which are in the nature of management and advisory of pooled funds.On Points of Presence (POP) for pension funds, Sebi proposed that subsidiaries of AMCs registered as pension fund managers may be allowed to offer POP services and receive compensation as permitted by PFRDA, according to its consultation paper.However, AMCs should ensure that the interests of mutual fund investors are not affected.Currently, AMC subsidiarie
