Trade Setup for October 3: 25,750 key for Nifty as geopolitical tensions rise ahead of weekly expiry

Thursday will also be the weekly options expiry of the Nifty contracts and business updates for companies will continue as usual.

Thursday will also be the weekly options expiry of the Nifty contracts and business updates for companies will continue as usual.

Zydus Lifesciences has received tentative approval from the US Food and Drug Administration (USFDA) to manufacture Enzalutamide tablets (40 mg and 80 mg), the drug maker said in a regulatory filing.

Peak XV Partners said despite resizing vintage fund it would remain highly committed to investing in India and Southeast Asia, driven by strong portfolio performance and an optimistic outlook.

Jefferies’ Chris Wood said a deterioration in the geopolitical situation is the biggest risk to global equity markets.

Nike has been known for its innovation but in recent years, analysts have said that it has lost its focus on coming up with cool products.

The market hasn’t fully priced in the risk of a further jump in prices in the event of attacks on Iranian oil facilities, or if Tehran blocks the Strait of Hormuz, according to analysts and traders.

The U.S. dollar index rose about 0.5% overnight to 101.2, its largest rise since Sept. 25, which was also helped by a stronger-than-expected reading on U.S. job openings.

All trading activities, including equity, derivatives, and securities lending, are halted. The Multi Commodity Exchange (MCX) is also shut for the day.

China—the largest equity market after the US has added a whopping $2.3 trillion in the last two weeks, which is 37% of the entire gains made by all listed stocks during the same period.

To curb speculative trading, market regulator SEBI on Tuesday, October 1, introduced a stricter framework for equity index derivatives, which includes increasing the minimum contract size and mandating the upfront collection of option premiums. Additional measures announced by SEBI encompass…