Breaking News !
Another extension to Trump tariffs.
All tariffs to take effect on August 7th.
So some more time to negotiate.
#StockMarket#Nifty#BankNifty#GIFTNIFTY
*What Happened Overnight* - Chess history has a new move and Gukesh just played it.
18-year-old Gukesh defeated Magnus Carlsen in classical chess on his home turf at Norway Chess 2025. Registered his first-ever over-the-board classical win against the Norwegian.
He came back from a worse position to clinch a historic win on Carlsen’s home turf.
@DGukesh , who became a Grandmaster at just 12, has been rising with calm consistency and steely nerve. At 17, he has now done what few thought possible — defeating Magnus Carlsen in classical chess, on Carlsen’s home ground.
The Bulls certainly gave CNBC-TV18's Managing Editor Shereen Bhan & Executive Editor Prashant Nair one more reason to cheer on their birthday! Here's wishing you many, many happy returns of the day!
#birthdaywishes#cnbctv18digital@ShereenBhan@_prashantnair
Biden withdraws !
5 Points.
1. US President Joe Biden will drop out of the 2024 presidential election race & has endorsed VP Harris as the next nominee
2. Biden announces he will stay on as president but not be the Democrat presidential candidate for the 2024 elections
3. He has also endorsed his VP - “I want to offer my full support and endorsement for Kamala to be the nominee of our party this year. Democrats — it’s time to come together and beat Trump. Let’s do this.”
4. The Democratic presidential nominee selection process is not altogether clear. Biden can release all pledged delegates ahead of the party convention August 19-22. The party could choose to rally behind one candidate, or alternatively have an open convention of sorts.
5. The polling impact of a new Democratic candidate & campaign may be limited, though the VP pick will be relevant.
@CNBCTV18Live #BidenDroppedOut
#StockMarket #BankNiftyOptions
Apparently the advisory committee on derivatives has recommended:
* Increase in F&O contract size to 25 lakh (from 5)
* Only one expiry per week per exchange (from 2+3 today)
* Higher margins closer to expiry
These will help, undoubtedly, in reducing the froth in this market. I like the increase in contract size, which means more serious players will come in and you get a lot less of the gambler territory
The one expiry per week is a decent move to reduce speculative interest but honestly, it will still mean 2 days of the week (and we saw massive interest even with 1 day of the week earlier)
All this, and higher margins will reduce liquidity, which will increase volatility. We deservedly should see an increase in IVs (come on, 13 is way too little on the VIX).
But don't hold your breath. Based on this SEBI is likely to introduce a consultation paper, take comments and only then issue a circular to make this happen - at least six months from now, IMO.
A Frank and Fearless coversation with AM Naik on what it took to build and protect L&T. You don't want to miss this one - especially the part where @arijitbarman76 asks Mr Naik - does it take a bully to get the work done!
#AMNaik, @larsentoubro 's Chairman Emeritus & ET's lifetime achiever, is on the #ETMorningBriefPodcast. This maverick leader grew L&T 36X & fought off two takeover bids. Don't miss his inspiring story as he talks to @arijitbarman76! https://t.co/8fzbz0AHnF
#AMNaik, @larsentoubro 's Chairman Emeritus & ET's lifetime achiever, is on the #ETMorningBriefPodcast. This maverick leader grew L&T 36X & fought off two takeover bids. Don't miss his inspiring story as he talks to @arijitbarman76! https://t.co/8fzbz0AHnF
Breaking News !
Bank of Japan ends negative interest rate policy !
Last major Central Bank to do so !
This constitutes the first hike since 2007.
#StockMarket#InterestRate#BOJ@CNBCTV18News
#ETMorningBriefPodcast | RBI vs NBFCs: Positive step towards a healthier financial ecosystem, or an unnecessary hurdle for innovation? @anupria asks R Gandhi, Abizer Diwanji & @Kumar_Pratish on The Morning Brief podcast! [🎙️] https://t.co/hMOMo4sAHz