Trade Setup for October 4: Nifty poised for further downside after ₹10 lakh crore wipeout?

The Nifty has already corrected 1,000 points from last Thursday’s high of 26,277.

The Nifty has already corrected 1,000 points from last Thursday’s high of 26,277.

Leading brokerages have adjusted their charges as the Securities and Exchange Board of India (SEBI) introduced true-to-label norms starting October 1. This shift aims to enhance transparency in transaction fees.

Markets regulator SEBI has drastically reduced the trading lot size of privately placed infrastructure investment trusts (InvITs) to ₹25 lakh in a bid to boost investors’ participation and increase liquidity of such investment vehicles.

LIC MF CIO, Yogesh Patil, who manages close to $4 billion in funds sees better prospects for companies on the retail and distribution side of oil and gas companies.

As per the data available on BSE, this is the first instance of Bajaj Steel Industries issuing free shares to its shareholders.

The decline in OMCs, paint and tyre stocks are attributed to rising crude oil prices, as both industries rely heavily on petroleum-based raw materials for production.

Capital markets regulator SEBI has recently cleared the IPO papers for Hyundai Motor India Ltd.

Globally, gold futures declined by 0.44%, trading at $2,646 per ounce in New York.

Rajesh Baheti, MD of Crosseas Capital Services said NSE’s revenue loss will be larger if it chooses to keep Nifty as a weekly expiry product instead of Bank Nifty.

Probal Sen, energy analyst at ICICI Securities and MK Surana, Former CMD of HPCL shared insights with CNBC-TV18 on whether a petrol price cut is possible despite the sharp spike in crude oil prices.