MCX traders react to change in fees; Morgan Stanley projects a 50% downside target

Morgan Stanley said that large proprietary and high-frequency traders will be particularly sensitive to the increase in transaction fees.
Morgan Stanley said that large proprietary and high-frequency traders will be particularly sensitive to the increase in transaction fees.
Equity benchmarks rose in South Korea and Australia, while those for Japan were mixed after the yen strengthened against the dollar in the prior two sessions. The Golden Dragon index of US-listed Chinese companies rallied 9.1% in New York trading…
Brent crude traded above $75 a barrel after rising 1.7% on Tuesday, with West Texas Intermediate near $72.
Shares of this defence PSU will begin trading on the Nifty 50 index from September 30, leading to inflows.
Sensex Today | Stock Market LIVE Updates: Indian benchmark indices Nifty 50 and Sensex ended the previous trade session flat after hitting fresh record highs. Nifty 50 ended at 25,940.40, while Sensex ended at 84,914.04.
Stocks continued to surge despite consumer confidence suffering its biggest one-month decline in over three years, hitting levels of 98.7 in September, far below the expectations from economists, who pegged the figure at 104.
In its agreements with merchants, the Justice Department said, Visa imposed an anticompetitive pricing structure that essentially forced them to route all debit transactions through its network or face stiff penalties.
Shares of VIP Industries have already risen 16% in the last two trading sessions but still remain in the red for 2024.
Gold prices have surged some 27% so far this year to vault $2,600 per ounce, benefiting directly from looser central bank monetary policy and pockets of geo-political tension.
India has turned into a hotspot for dealmaking activity as around $9 billion has been raised via IPOs this year, according to data compiled by Bloomberg. The volume of deals involving Indian companies has climbed 28% to almost $78 billion,…