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India’s government and the relevant regulatory bodies are in agreement that speculation in F&O, particularly by retail investors, needs to be curbed. This includes raising the Securities Transaction Tax (STT) on equity futures, limiting the number of weekly expiry contracts an exchange can offer, and raising the minimum contract sizes.

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The business plans to raise 254.98 crore at the upper end of the price range, which consists of an Offer for Sale (OFS) component of shares worth ₹76 crore and a new issue of shares totalling ₹179 crore.

Dow Futures has cut losses from a decline of over 500 points to now under 400 points

GIFT Nifty is on a volatile terrain, falling to 100 points now, recovering from a 250 point gap down.

Market Holiday 

The expiry of Nifty’s weekly contracts or the Nifty weekly expiry session will take place today, Monday, March 2, on account of a market holiday on Tuesday, March 3, on account of Holi.

On Monday, March 2, Clean Max Enviro Energy Solutions, supported by Brookfield, will list its shares on Dalal Street. It is anticipated that the stock will have a modest debut.

The US and Israel’s attacks on Iran over the weekend have escalated into a full-fledged crisis throughout the Middle East, with Iran retaliating with missile and drone attacks across Gulf nations, including the popular tourist destinations of Dubai and Abu Dhabi, as well as Qatar, Bahrain, Saudi Arabia, and even Oman. This has resulted in a sharp increase in global oil prices.

In an interview with The Atlantic, US President Donald Trump stated that Iran’s new leadership has shown interest in starting negotiations with him, and he has consented.

With the growing conflict between the US, Israel, and Iran threatening to suffocate the world’s energy sources, retail fuel prices in India are under tremendous pressure to rise. In over-the-counter trading on Sunday, Brent crude rose 10% to almost $80 a barrel, with analysts predicting a move near $100 in response to news of the Strait of Hormuz shutdown.

What was going to happen over the weekend was hinted at by the markets. This is demonstrated by the price movement that occurred in the final half hour of Friday’s trading session. The Nifty, trying to protect 25,300 for a better part of the session, slumped to 25,150, all in a matter of two minutes, and could not recover from that fall by close.

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