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Stock <keyword id="20345915" type="General" weightage="20" keywordseo="exchanges" source="keywords">exchanges</keyword> and <keyword id="20710434" type="General" weightage="20" keywordseo="brokers" source="keywords">brokers</keyword>, catering to retail traders, could be hit hard by the regulator <keyword id="19901201" type="General" weightage="100" keywordseo="Sebi" source="keywords">SEBI</keyword>'s proposed measures for Futures &amp; Options (F&amp;O) <keyword id="22748189" type="General" weightage="20" keywordseo="trading-regulations" source="keywords">trading regulations</keyword>, with market volumes slumping 30-40 %, according to reports. If these measures are implemented, the number of investors could decrease, it added. Moreover, discount brokers, who depend heavily on retail investors, are expected to be more affected than traditional full-service brokers. SEBI, in its consultation paper in July, proposed seven measures, including increasing minimum contract size and upfront collection of option premiums, intra-day monitoring of position limits, rationalisation of strike prices, removal of calendar spread benefit on expiry day and increase in near contract expiry margin. SEBI stated that these measures are aimed at enhancing <keyword id="20775670" type="General" weightage="20" keywordseo="investor-protection" source="keywords">investor protection</keyword> and promoting <keyword id="20813757" type="General" weightage="20" keywordseo="market-stability" source="keywords">market stability</keyword> in derivative markets. According to a report by Jefferies, SEBI's proposed measures to reduce the number of weekly option contracts from 18 to 6 could impact around 35% of industry premiums. However, if trading shifts to the remaining contracts, the overall impact can be reduced to 20-25%. Among its 7 proposed measures, IIFL Securities see the highest impact from the withdrawal of <keyword id="22353333" type="General" weightage="20" keywordseo="weekly-options" source="keywords">weekly options</keyword> (only 1 per exchange allowed) as index Options account for 98% of the volumes. IIFL Securities expects the National Stock Exchange (NSE) to be more affected than the BSE because 60 % of NSE's revenue comes from options trading, compared to 40% for BSE. It estimates that by the financial year 2026, NSE's earnings could be reduced by 25-30% while BSE's earnings could drop by 15-18%. Jefferies also believes that the removal of Bankex weekly contract can impact BSE's earnings per share (EPS) by 7-9% over FY25-27. It further said that BSE might see a small decline in earnings, but if trading activity shifts from discontinued products, it could offset the impact or even lead to earnings growth. "We don't see any impact on MCX from these regulations. Within the value chain, discount brokers are likely to be more impacted than traditional full-service brokers given the former's dependence on retail investors," IIFL Securities said. Jefferies believes that clearing members like Nuvama, which caters to institutional players High-Frequency Traders (HFTs), and Foreign Portfolio Investors (FPIs) are less impacted. Rationalizing weekly options to only one benchmark index per exchange will significantly affect the NSE because it currently has four weekly index expiries, with "Bank Nifty" being the most important, contributing to 50 % of its options volume. The change could reduce NSE's overall trading volumes by 30-35 %, IIFL Securities said. On the other hand, BSE is expected to be less affected since it only has two contracts, with Sensex making up 85 % of its volumes in FY24. Even if "Bankex" contributes 30% by FY26, the impact on BSE's volumes is expected to be smaller compared to NSE, it said. Additionally, with just two expiries, BSE might gain market share and experience higher trading volumes, resulting in an estimated 20 % reduction in its overall volumes, it added. Jefferies said that SEBI's proposed measure of increasing lot sizes by 3-4 times over six months could lead to higher costs for retail traders, potentially reducing their participation in the market. The proposed margin increase for options sellers close to expiry could reduce leverage and profitability, especially for retail traders with limited funds. "Finally other measures like increasing ELM (extreme loss margin) around expiry, and withdrawal of calendar spread margin on expiry will increase the margin requirements and thereby could impact the liquidity. Based on our initial estimates we expect a 30-40 % impact on market volume," IIFL Securities said. SEBI Chief Madhabi Puri Buch recently mentioned that households are losing up to Rs 60,000 crore a year in the problematic futures and options segment. Earlier, SEBI research showed retail traders lose money in nine out of 10 trades in the F&amp;O segment Last month, the government in the Union Budget raised the securities transaction tax (STT) on both futures and options trade from October 1 to allay concerns about hyperactive interest in the derivative segment. Before that, the Economic Survey flagged concerns over rising retail investors' interest in derivative trading. The survey stated that speculative trade has no place in a developing country. It also pointed out that the sharp increase in retail investor participation in F&amp;O trading is likely driven by humans' gambling instincts.

SEBI proposed F&O norms to hit exchanges, brokers, says reports

<ul class="summary-list"><li>US stocks hit record highs as investors cheered Trump's election victory and market gains.</li><li>The Fed cut interest rates, Nvidia replaced Intel in the Dow, and the S&amp;P 500 briefly crossed 6,000.</li></ul>US stocks jumped on Friday to record highs, capping off a monumental week for markets as investors cheered Donald Trump's election victory.It was a big week for the market, and the momentum kept up even after the Dow Jones Industrial Average gained 1,500 points on Wednesday. The S&amp;P 500 briefly cross 6,000 for the first time, while the Dow topped 44,000 during the day, also a first as <a target="_blank" class="" href="https://www.businessinsider.com/nvidia-replace-intel-dow-jones-industrial-average-2024-11">Nvidia replaced Intel</a> in the index. On Thursday, traders had more to cheer with the Federal Reserve cutting interest rates again by 25 basis points. Chair Jerome Powell said the central bank was feeling good about the economy, with more easing on the table, even as <a target="_blank" class="" href="https://markets.businessinsider.com/news/bonds/surging-treasury-yields-after-trump-win-show-borrowers-may-not-get-relief-2024-11">bond markets repriced</a> this week in anticipation of higher borrowing costs under Trump's second term. At Friday's closing bell, stocks ended with their best weekly gain of 2024, with the <a target="_blank" class="" href="https://markets.businessinsider.com/index/s&amp;p_500">S&amp;P 500</a> and <a target="_blank" class="" href="https://markets.businessinsider.com/index/nasdaq_100">Nasdaq 100</a> jumping about 5%.Bitcoin, meanwhile, was continuing a record-setting run on Friday in the wake of Trump's win, with the token climbing past $76,500. "The Trump rally isn't over with stocks reaching fresh all-time highs as investors look ahead to tax cuts, deregulation. and Made in America policies to power future gains. Market participants are also catching a tailwind from a dovish Federal Reserve," said José Torres, senior economist at Interactive Brokers.Also helping push stocks to record this week were solid earnings, with third-quarter results starting to wrap up.So far, 90% of S&amp;P 500 companies have reported earnings results. According to Fundstrat data, 77% of those companies beat profit estimates by a median of 6%, while 59% beat revenue estimates by a median of 6%.Investors will turn their attention to inflation data next week, with the October consumer price index set to be released on Wednesday and the October producer price index set to be released on Thursday.Here's where US indexes stood at the 4:00 p.m. closing bell on Friday:<ul><li><a target="_blank" href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">S&amp;P 500</a>: 5,995.54, up 0.38% </li><li><a target="_blank" href="https://markets.businessinsider.com/index/dow_jones?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">Dow Jones Industrial Average</a>: 43,988.99, up 0.59% (+259.65 points)</li><li><a target="_blank" href="https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">Nasdaq composite</a>: 19,286.78, up 0.09%</li></ul>Here's what else happened today:<ul><li><a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/tesla-stock-price-trillion-valuation-donald-trump-election-win-tsla-2024-11">Tesla stock surged 7% to hit a $1 trillion market cap on Friday for the first time since April 2022.</a></li><li><a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/clean-energy-stocks-short-sellers-trump-us-election-renewables-evs-2024-11">Traders betting against clean-energy stocks have made $1.3 billion since Trump's election win.</a></li><li><a target="_blank" class="" href="https://www.businessinsider.com/big-tech-winners-losers-trump-election-win-according-to-market-2024-11">Here are mega-cap tech's winners and losers from Trump's election win, according to the stock market.</a></li><li><a target="_blank" class="" href="https://www.businessinsider.com/trumps-tariffs-threats-world-ceos-thoughts-trade-2024-11">CEOs worldwide are already talking about the potential impact of tariffs on their businesses.</a></li><li><a target="_blank" class="" href="https://www.businessinsider.com/polymarket-whale-banked-85-million-profit-trump-president-election-win-2024-11">The Polymarket 'whale' actually made $85 million on his Trump election bet, nearly double than originally thought.</a></li></ul>In commodities, bonds, and crypto:<ul><li><a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price">West Texas Intermediate</a> crude oil declined 2.52% to $70.54 a barrel. <a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price">Brent crude</a>, the international benchmark, was lower by 2.09% to $74.05 a barrel.</li><li><a target="_blank" href="https://markets.businessinsider.com/commodities/gold-price">Gold</a> dropped 0.40% to $2,695.10 an ounce.</li><li>The 10-year Treasury yield declined 3 basis points to 4.313%.</li><li><a target="_blank" href="https://markets.businessinsider.com/currencies/btc-usd">Bitcoin</a> gained 0.94% to $76,636.</li></ul>

Stock market today: Indexes end the week at records as investors cheer Trump's victory

<ul class="summary-list"><li>US stocks were mixed Friday, with the Dow closing at a record high while the S&amp;P 500 and Nasdaq edged lower.</li><li>All three major averages achieved a three-week win streak as investors cheer a resilient economy and cooling inflation.</li></ul>US stocks were mixed on Friday, with the <a target="_blank" class="" href="https://markets.businessinsider.com/index/dow_jones">Dow Jones</a> closing at a new all-time high while the <a target="_blank" class="" href="https://markets.businessinsider.com/index/nasdaq_100">Nasdaq 100</a> and <a target="_blank" class="" href="https://markets.businessinsider.com/index/s&amp;p_500">S&amp;P 500</a> traded lower.Despite Friday's mixed trading, all three major averages notched a three-week win streak as investors continue to bid up stocks on a resilient economy, Fed interest rate cuts, and cooling inflation.Investors got more evidence of cooling inflation with <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/stock-market-today-cool-inflation-data-supports-more-rate-cuts-2024-9">the release of the PCE index on Friday,</a> which is considered the Fed's preferred measure of inflation.The personal consumption expenditures price index increased by 0.1% in August from July, in-line with economist estimates. On a year-over-year basis, the PCE Index rose 2.2%, slightly below economist estimates of 2.3%."The Fed feels as though it has won the battle on inflation and its primary focus is making sure the job market stays steady," Bellwether Wealth chief investment officer Clark Bellin said.With the inflation battle potentially over, the main focus for investors and the Fed has turned to the jobs market. That's why next week is so important.On Tuesday, investors will get the Job Openings and Labor Turnover Survey, followed by the ADP Employment report on Wednesday and initial jobless claims on Thursday.But the main event is next Friday, when the September jobs report is released. Economists estimate expect about 145,000 jobs will be added to the economy in September.According to Interactive Brokers senior economist José Torres, the jobs report could have a big impact on the broader market."A sizable miss could undoubtedly lead to a narrative shift in markets of an upcoming downturn, but a sharp gain could push rate reductions further out on the curve. The ideal scenario for bullish investors is a figure close to projections, as it won't disturb current monetary policy easing expectations," Torres said on Friday.Here's where US indexes stood at the 4:00 p.m. closing bell on Friday:<ul><li><a target="_blank" href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">S&amp;P 500</a>: 5,738.17, down 0.1%</li><li><a target="_blank" href="https://markets.businessinsider.com/index/dow_jones?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">Dow Jones Industrial Average</a>: 42,313, up 0.3% (138 points)</li><li><a target="_blank" href="https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">Nasdaq composite</a>: 18,119.59, down 0.4%</li></ul>Here's what else happened today:<ul><li><a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/nvidia-stock-prediction-nvda-price-forecast-blackwell-ai-chips-web3-2024-9">Why Nvidia stock could soar 500% by the end of the decade, according to a former BCG executive.</a></li><li><a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/trump-media-insiders-litinsky-moss-donald-trump-truth-social-djt-2024-9">A major Trump Media shareholder dumped 11 million shares after the lock-up period expired.</a></li><li><a target="_blank" class="" href="https://www.businessinsider.com/job-market-unemployment-rate-interest-rates-fed-cuts-outlook-economy-2024-9">The job market is reaching a turning point that could lead to even steeper rate cuts from the Fed, an economist said.</a></li><li><a target="_blank" class="" href="https://www.businessinsider.com/russia-economy-outlook-stagflation-recession-inflation-gdp-growth-ukraine-war-2024-9">Russia's economy is showing signs of stagflation as it reels from the impact of its war against Ukraine.</a></li><li><a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/rare-bull-signal-perfect-track-record-just-flashed-stock-market-2024-9">A super-rare bullish signal with a perfect track record just flashed in the stock market.</a></li><li><a target="_blank" class="" href="https://www.businessinsider.com/majority-millionaires-plan-vote-for-harris-over-trump-november-election-2024-9">A majority of millionaires plan to vote for Harris over Trump, according to a new survey.</a></li></ul>In commodities, bonds, and crypto:<ul><li><a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price">West Texas Intermediate</a> crude oil was higher by 1.02% to $68.36 a barrel. <a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price">Brent crude</a>, the international benchmark, rose 0.68% to $72.09 a barrel.</li><li><a target="_blank" href="https://markets.businessinsider.com/commodities/gold-price">Gold</a> was down 0.85% to $2,672.00 an ounce.</li><li>The 10-year Treasury yield was lower by 4 basis points to 3.756%.</li><li><a target="_blank" href="https://markets.businessinsider.com/currencies/btc-usd">Bitcoin</a> was up 0.86% to $65,741.</li></ul>

Stock market today: Dow hits record high, stocks notch 3-week win streak ahead of key jobs report

<keyword id="6354947" type="General" weightage="100" keywordseo="bitcoin" source="Orion">Bitcoin</keyword> has smashed past the $94,000 mark for the first time, fuelled by a swirl of speculation surrounding former U.S. President Donald Trump and his potential influence on the cryptocurrency market, a Reuters report says. The surge, which has more than doubled bitcoin’s value this year, marks a historic moment for the digital currency and signals a renewed wave of investor interest. The milestone comes on the heels of reports that Trump Media and Technology Group (TMTG), the parent company of Truth Social, is nearing a deal to acquire crypto trading platform Bakkt. According to insiders cited by the Financial Times, the acquisition would be an all-stock transaction, signalling the Trump organisation’s potential pivot towards digital assets. Market experts suggest that the mere possibility of a Trump-led administration being more crypto-friendly is enough to excite traders. Since the U.S. election earlier this month, bitcoin’s rally has been largely attributed to bets on a more favourable regulatory environment for digital currencies. The buzz has also pushed the global cryptocurrency market valuation to an unprecedented $3 trillion, according to analytics platform CoinGecko. The timing of bitcoin’s ascent is notable. Tony Sycamore, a market analyst at IG, points out that the cryptocurrency has been buoyed not only by the Trump deal rumours but also by the launch of options trading for BlackRock’s Bitcoin ETF on the Nasdaq. These factors combined have created a perfect storm, propelling bitcoin to its highest-ever valuation of $94,078 during the latest trading session. Analysts see no signs of the momentum slowing. Chris Weston, head of research at Australian broker Pepperstone, highlighted the strong underlying demand for bitcoin. “A fresh breakout could spark another buying frenzy among investors who chase strength,” he said. As optimism surrounding cryptocurrencies grows, industry watchers will closely monitor Trump’s potential moves in the digital asset space. Whether his involvement marks a long-term boost or a short-lived surge remains to be seen, but for now, bitcoin’s meteoric rise is capturing headlines and imaginations alike.

Bitcoin soars to new heights, surpasses $94,000 for the first time

<ul class="summary-list"><li>Tesla stock surged 7% after Elon Musk's pay package neared approval.</li><li>Musk's compensation package is worth $46 billion based on Tesla's current stock price.</li></ul><a target="_blank" href="https://markets.businessinsider.com/stocks/tsla-stock">Tesla</a> stock surged as much as 7% on Thursday after Elon Musk's pay package looked likely to be approved at the company's annual shareholder meeting.The stock was trading at $188.31 shortly after the opening bell.Musk <a target="_blank" href="https://www.businessinsider.com/elon-musk-celebrate-early-triumph-tesla-shareholder-vote-2024-6">said Wednesday evening on X that the company received enough votes</a> to approve his compensation package, which is worth $46 billion based on Tesla's current stock price.The vote to reincorporate Tesla's business in Texas from Delaware also appears to have passed."Both Tesla shareholder resolutions are currently passing by wide margins!" <a target="_blank" href="https://x.com/elonmusk/status/1801084780035154058">Musk wrote Wednesday night on X</a>.The results are not certain until the annual shareholder meeting, as investors can change their votes at any time before its conclusion later on Thursday.According to The New York Times' DealBook, Tesla's passive investors Vanguard and BlackRock voted in favor of the deal. The asset-management titans own a combined 13% of the company's stock.The Wedbush analyst Dan Ives said the apparent shareholder approval of Musk's compensation package should remove an overhang on Tesla's stock price."This removes a $20-$25 overhang on the stock in our opinion that has weighed on shares since the head scratching Delaware ruling set this Twilight Zone soap opera on earlier this year," Ives said Thursday in a note.There had been concerns that if the vote was not approved, Musk would grow disinterested in Tesla and focus more on his other business ventures.Ives rated Tesla stock at "outperform" with a $275 price target, which would be an upside of 45% from current levels.

Tesla stock soars after Elon Musk says his pay package is likely to be approved and BlackRock and Vanguard reportedly vote in favor

<ul class="summary-list"><li>China's stock markets surged this week, marking the best weekly performance since late 2008.</li><li>The rally was driven by Beijing's aggressive stimulus measures to boost the struggling economy.</li></ul>China's stock markets closed sharply higher Friday, notching their best week in 16 years as investors joined the rally party.The euphoria was thanks to Beijing's big-bang stimulus announcement on Tuesday, which showed the authorities' urgent and concerted commitment to boosting its ailing economy.Since Tuesday, Chinese authorities have flooded the market with announcements of interest rate cuts, bank reserve ratio reductions, liquidity injections, and pledges to boost fiscal spending. The stimulus blitz has jolted investors into buying into the previously downtrodden market."The ante has been upped on China stimulus. Forget just monetary 'bazooka,' Beijing is mobilizing the fiscal arsenal too," wrote Vishnu Varathan, Mizuho's head of macro research for Asia, excluding Japan, in a Friday note.He added that this is "as close as Beijing gets to guns blazing." And markets have reacted by swinging from "despondency to delirium."Mainland China's benchmark <a target="_blank" class="" href="https://markets.businessinsider.com/index/csi-300">CSI 300 index</a> closed 4.5% higher on Friday, its best week since November 2008.Meanwhile, Hong Kong's <a target="_blank" class="" href="https://markets.businessinsider.com/index/hang_seng">Hang Seng Index</a> closed 3.6% higher in its best performance since 2009.<h2 id="873d4d1f-efda-4b09-8baa-171092af49d4">The stock market party overwhelmed tech systems</h2>The stock market party got too hot to handle."Due to surging trading volume, the Shanghai exchange and brokers report some trades have been delayed," Hao Hong, chief economist at Grow Investment Group, <a target="_blank" class="" href="https://x.com/HAOHONG_CFA/status/1839498669864923621">posted on X.</a>"The trading system is simply overwhelmed. There is a huge stampede of stock bulls," added Hong.The <a target="_blank" class="" href="https://www.sse.com.cn/disclosure/announcement/general/c/c_20240927_10762480.shtml">Shanghai Stock Exchange</a> said in an announcement that it was investigating the delays.The market euphoria — now into its fourth day — came despite reservations about China's aggressive stimulus that it rolled out on Tuesday — which some analysts suggested <a target="_blank" class="" href="https://www.businessinsider.com/china-economy-stock-market-bazooka-liquidity-stimulus-sparks-panic-speculation-2024-9">panic in Beijing</a> over the state of the world's second-largest economy.China's economy has struggled to sustain its growth momentum since the pandemic ended. It is battling multiple challenges, including an epic property crisis, high youth unemployment, and deflation.While Chinese authorities have introduced support measures earlier, its stock markets couldn't sustain gains convincingly following a massive <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/china-stock-market-meltdown-brutal-year-explainer-whats-happening-2024-1">meltdown</a> at the beginning of the year — a stark contrast to the hot money flowing elsewhere like the <a target="_blank" class="" href="https://www.businessinsider.com/stock-market-outlook-rally-sp500-recession-china-economy-interest-rates-2024-5">US, Japan, and India.</a>"Investors we spoke to generally have low conviction in the sustainability of the rally," acknowledged Bank of America analysts in a Friday note. However, the bank is more optimistic."Chinese financial regulators rarely encourage banks/financial institutions to increase leverage for the stock market but are doing so this time," the Bank of America analysts wrote, referring to Beijing's announcements of swap and re-lending facilities for stock buybacks.Furthermore, the US Federal Reserve has started cutting interest rates, which has historically benefited Chinese markets, they added.So even if Beijing's stimulus isn't enough for China's economy, a liquidity or leverage-driven market rally could still be "very powerful," they wrote.There's historical precedence, the Bank of America analysts added.The CSI 300 index more than doubled from the fourth quarter of 2014 to the first half of 2015 after Beijing used <a target="_blank" class="" href="https://www.businessinsider.com/china-mini-stimulus-2014-4">government stimulus</a> to arrest a slowdown. This preceded economic recovery that did not happen until the second half of 2016.<h2 id="a014ea6a-41e1-4a13-af63-bbc31fd09242">Top-down direction matters a lot in China</h2>Despite reservations about whether China's stimulus is enough — and if the current market rally is sustainable — it does look like Beijing is ready to do whatever it takes to revive its economy and markets.On Tuesday, <a target="_blank" class="" href="https://www.gov.cn/lianbo/fabu/202409/content_6976186.htm">People's Bank of China governor Pan Gongsheng</a> said at his stimulus announcement that authorities stand ready to inject more liquidity into the system if the support measures for swap and re-lending for share buybacks — collectively at $800 billion yuan, or $114 billion, prove successful."Indeed, while this isn't QE, moral suasion in China has somewhat more force than elsewhere. " wrote Global Data.TS Lombard economists Freya Beamish and Rory Green in a note on Thursday, referring to quantitative easing.After all, "Chinese companies live and die based on whether they are singled out as policy favorites, CEOs sometimes literally," they added.

China's stock markets are partying like it's 2008, overwhelming systems

The entire country celebrating Raksha Bandhan today. But are you one of those elder siblings still mulling and stuck over the perfect gift to give your younger ones? Well, then it is time for you to move beyond your traditional gift ideas like sweets, gadgets, clothes, and jewelry, and invest in their future prosperity. How? By gifting them <keyword id="19905382" type="General" weightage="20" keywordseo="stocks" source="keywords">stocks</keyword>, or even mutual fund units. Here's a deep dive into how you can lay the foundations of a lasting bond with your siblings, and cement their financial future, one stock and one mutual fund unit at a time. <h2>How can I gift shares ?</h2>You can swiftly transfer shares online, provided both you and your siblings have a <keyword id="19977340" type="General" weightage="20" keywordseo="demat" source="keywords">demat</keyword> account. Many brokerage firms like Zerodha, Groww and others also offer this facility. For this, you will need to input details like your sibling's name (who you wish should receive these shares), particulars of their demat account, the amount of shares you wish to give as gift, and the name and 12-digit ISIN number of the company whose stocks you want to transfer. In addition, you will also have to provide the beneficiary owner ID of your siblings, reason for transferring these shares, and bank account details. In order to kickstart the process, you'll have to initiate what is known as an off-market settlement. This means without the stock exchange coming into the picture, two parties i.e. you and your sibling will mutually settle shares. For this, you will have to submit a delivery instruction slip (DIS) to your DP, or depository participant, which serves as a bridge between you and the depository. When you are transferring shares, you are essentially transferring your ownership of such stocks to them, and thus, you need to inform your DP and depository of the same. At present, there are only 2 depositories present in the country, namely NSDL and CDSL. You can submit this DIS both online and offline. If you have more than one siblings you wish to transfer shares to, remember to use separate DIS for each recipient's account. Once you initiate the transfer, your broker will send an email and SMS to the recipient, who will have 7 days to accept this. But remember, once you've transferred these shares, there is no provision to revoke this transfer. And just like with your clothes, accessories and everything else in life, your siblings will have full freedom and ownership to do whatever they deem fit with these shares! However, what you can certainly do, and make this gift more meaningful, is drive home the value of holding these securities for the long term, so that they are able to make the most of this investments. Ideally, a good start would be to start investing in stocks of large-cap, blue-chip companies, and them eventually complement them with small and midcap stocks, which offer higher legroom for growth. Per brokerage firm Master Capital Services Ltd, "consider choosing stocks from well-established companies with a solid track record and growth potential. It is essential to consider risk tolerance, investment horizon, and financial goals before selecting stocks for your brothers and sisters. The finest present you could give your siblings this year would be long-lasting financial stability". If you're looking for some stock recommendations you can consider for your siblings, we have you covered as well: <h4>Larsen &amp; Toubro Ltd. </h4>Why you should consider this? The company has shown consistent revenue growth and profitability in the past years while maintaining stability with its ROCE &amp; ROE of around 19% and 15%. L&amp;T has a significant global presence, with projects and operations in various international markets. This geographic diversification helps in tapping into global opportunities and reduces dependence on the domestic market. <h4>HCL Technologies Ltd. </h4>Why you should consider this? HCL Technologies is one of the IT giants of India, which is ranked amongst the top five Indian IT services companies in terms of revenues. HCL offers a wide array of IT, business services, engineering, R&amp;D services, and software products with operations in 60 countries. The company has been investing heavily in digital technologies, including cloud computing, artificial intelligence (AI), and automation. This focus aligns with current industry trends and positions the company to capture growth in the high-demand areas. <h4>TATA Motors Ltd.</h4>Tata Motors Limited is a leading manufacturer of automobiles and one of the largest OEM in India offering a wide range of passenger and commercial vehicles. Tata motors owns the flagship brand of Jaguar and Land Rover (JLR) which is a dominant automobile player in the global market. Its early entry in the electric vehicle segment has positioned it well ahead of many competitors and currently, it enjoys the largest market share in the EV segment in India. The focus on innovation and sustainability, along with a robust product lineup, positions Tata Motors well for future growth and market opportunities. <h2 style="margin-bottom: 0.7em; line-height: 1.3; color: rgb(0, 0, 0); font-size: 24px; background: 0px 0px; text-rendering: optimizelegibility;">Tax Implications of gifting shares</h2>The best part about gifting shares is that it is tax-exempt, since you're giving it to your relative. This means your sibling will not be liable to pay any taxes on this gift. However, to be on the safer side, make sure that the market value of the shares that you gift them does not exceed Rs 50,000, or else your siblings, i.e. the recipient will have to incur a tax liability. If your siblings decide to sell these gifted shares, they will have to pay LTCG (long-term capital gains) tax at the rate of 12.5%, or STCG (short-term capital gains) tax at the rate of 20%, depending on how long they hold these securities for. <h2>Gifting mutual fund units? </h2>Unfortunately, you cant transfer your mutual fund units to your siblings. The transfer of mutual fund units is only possible in case the unitholder passes away. But the one thing you can certainly do is start an SIP, or systematic investment plan (SIP) in their name. With as much as Rs 5,000 per month, invested over a period of 10 years, you 'll have invested Rs 6,00,000 for you siblings, which would have earned returns worth Rs 5,61,695, taking their total corpus to Rs 11,61,695. You can even start an SIP with just Rs 500/month in their name. You can nudge them into continuing this, so that you instill the value of financial discipline and long-term investing in them. Remember, at the end of the day, the true value of your gift lies not just in its monetary worth, but in the knowledge, responsibility, and financial acumen that you will pass on to your siblings. So, this <keyword id="22639140" type="General" weightage="100" keywordseo="Rakshabandhan" source="keywords">Rakshabandhan</keyword>, consider tying not just a rakhi, but also a knot of financial empowerment.

Move over regular gifts! Gift your sister stocks, MF units this Rakhi

<ul class="summary-list"><li>US indexes edged higher as investors waited for a likely interest rate cut from the Fed. </li><li>The central bank will wrap up its policy meeting at 2 p.m. ET, with markets pricing in a 50 basis point move. </li></ul>US stocks rose on Wednesday as traders readied for what's likely to be the Federal Reserves's first rate cut in four years. Major indexes were slightly higher after the opening bell, with the S&amp;P 500 looking to hit a fresh record after touching all-time highs in Tuesday's session. Bond yields rose. The 10-year Treasury yield was up three basis points to 3.677%. Central bankers are set to conclude their policy meeting and announce their highly anticipated decision on interest rates at 2 p.m. ET, with markets betting on a rate cut with certainty. Investors are pricing in a 61% chance the Fed will cut rates 50 basis points, according to the <a target="_blank" href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">CME FedWatch tool</a>, down slightly from 63% odds priced in on Tuesday. The debate has swung in favor of a larger rate cut versus a 25 basis point move following recent data points that support more rapid Fed easing. Softer labor market condition in July and August and a slight rise in the monthly core consumer price index last month bolster the case for a 50 basis point move, traders say. Still, forecasters expect the Fed to tread cautiously given the upside risks to inflation stemming from loosening monetary policy too quickly. "Though consensus is leaning toward a 50 basis point move, we look for the Fed to cut by 25 basis points today. Inflation growth is not yet at the Fed's target for price stability, the unemployment rate still hovers around 4.0%, and federal deficit spending continues to surge," John Lynch, chief investment officer at Comerica Wealth Management, said in a note Wednesday morning. "We suspect this next rate cycle may resemble the non-recessionary 'tweaks' of 1995.""Sure, there are risks of further labor market cooling, but I see the reignition of price pressures as a graver danger," José Torres, a senior economist at Interactive Brokers, said, predicting a quarter-point cut.Following the interest rate decision, all eyes will be on Fed Chair Jerome Powell, who will deliver prepared remarks during a press conference. Whether he strikes a dovish or hawkish tone, his commentary is likely to sway markets. "Powell will face a communications challenge regardless of their chosen action. If the Fed opts for a 25bp reduction, the Chair will have to project confidence about the outlook and assuage concerns about the Fed falling behind the curve. Conversely, if they cut by 50bps, Powell will need to avoid sending negative signals about the economy and dissuade markets from pricing a sequence of large reductions. These will be challenging — but manageable — communications," Deutsche Bank strategists said.Investors should gear up for potential volatility whatever the Fed ends up deciding. While the market has been building toward this moment for most of the year, it shouldn't be assumed the move is fully priced in, and a sharp swing in either direction is possible. "The intraday path on Powell Fed Days has been interesting, to say the least," Bespoke Investment Group said in a note. "While the market has usually bounced immediately following the 2 PM rate decision, the sell-off usually starts at or near the end of Powell's post-FOMC press conference."Here's where US indexes stood shortly after the 9:30 a.m. opening bell on Wednesday:<ul><li><a target="_blank" href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">S&amp;P 500</a>: 5,635.51, up 0.02%</li><li><a target="_blank" href="https://markets.businessinsider.com/index/dow_jones?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">Dow Jones Industrial Average</a>: 41,537.05, down 0.17% (-69.13 points)</li><li><a target="_blank" href="https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">Nasdaq composite</a>: 17,664.14, up 0.21%</li></ul>Here's what else is going on:<ul><li><a target="_blank" class="" href="https://markets.businessinsider.com/news/commodities/bitcoin-price-increase-outlook-cryptocurrency-fed-rate-cut-risk-recession-2024-9">Bitcoin is surging on hopes rate cuts could drive a speculative rush</a> into the cryptocurrency.</li><li>The more <a target="_blank" class="" href="https://www.businessinsider.com/fed-rate-cuts-outlook-jerome-powell-fomc-economy-recession-bmo-2024-9">markets price in a jumbo rate cut</a>, the more likely the Fed is to deliver, according to BMO.</li><li>The <a target="_blank" class="" href="https://markets.businessinsider.com/news/currencies/us-debt-crisis-dedollarization-dollar-dominance-treasury-bond-china-jpmorgan-2024-9">biggest threat to the US dollar</a> is America's exorbitant debt load, according to JPMorgan.</li></ul>In commodities, bonds, and crypto:<ul><li>Oil futures edged down.<a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price"> West Texas Intermediate</a> crude oil dipped 0.7% to $70.69 a barrel. <a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price">Brent crude</a>, the international benchmark, edged lower 0.6% to $73.31 a barrel.</li><li><a target="_blank" href="https://markets.businessinsider.com/commodities/gold-price">Gold</a> ticked 0.4% higher to $2,604 an ounce.</li><li>The 10-year Treasury yield edged up three basis points to 3.677%.</li><li><a target="_blank" href="https://markets.businessinsider.com/currencies/btc-usd">Bitcoin</a> rose 1% to $60,041. </li></ul>

Stock market today: Indexes edge up ahead of major Fed interest rate decision

<ul class="summary-list"><li><a target="_blank" href="https://www.businessinsider.com/tesla-history-founders">Tesla</a> announced investors approved Elon Musk's pay package.</li><li>The package, initially approved in 2018, was voided by a Delaware judge in January.</li></ul>It's official — Tesla investors voted to approve <a target="_blank" href="https://www.businessinsider.com/tesla-ceo-elon-musk">Elon Musk's</a> pay package.The carmaker announced the results of the shareholder vote during the company's annual meeting on Thursday.Musk did a victory dance as he took the stage amid cheers from on-site investors."I just want to start off by saying: "Hot damn! I love you guys," Musk said.Tesla shares held after-hours gains of more than 1% after the vote.Investors had initially approved the compensation plan in 2018, but a Delaware judge <a target="_blank" href="https://www.businessinsider.com/judge-strikes-down-elon-musk-tesla-compensation-pay-package-2024-1">voided it in January</a> after a shareholder <a target="_blank" href="https://www.businessinsider.com/tesla-employee-survey-elon-musk-leadership-culture-compensation-complaints-2022-11">filed a lawsuit</a> alleging the agreement was "beyond the bounds of reasonable judgment."In January, Delaware Chancellor Kathaleen McCormick said she had decided to strike down the pay package because she believed Musk had undue influence over the agreement and its approval due to his close ties to several board members, one of which is his brother.Tesla has yet to appeal the decision, but the company hopes to use the shareholder approval to argue that the ruling is moot now — the question now is whether the Delaware court will agree. The company said in a <a target="_blank" href="https://www.sec.gov/Archives/edgar/data/1318605/000110465924048040/tm2326076d13_pre14a.htm">filing</a> with the Securities and Exchange Commission on Monday that it will seek to reverse the ruling and will use an affirmative vote to do so.When the compensation package was voided, it was <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-01-30/elon-musk-s-55-billion-tesla-pay-package-voided-by-judge">estimated</a> to be worth around $55 billion — making it the <a target="_blank" href="https://www.businessinsider.com/elon-musks-pay-package-compared-highest-paid-ceos-2024-6">largest pay package to ever be awarded to a CEO.</a>Musk does not receive a salary from Tesla. His pay was determined by his ability to hit a series of financial goalposts. It consists of a 10-year grant comprising 12 sets of stock options. These options become available to Musk when Tesla achieves the specific goals. Each time a milestone is met, Musk receives stock equivalent to 1% of Tesla's outstanding shares at the time of the grant. By 2023, Tesla said it had successfully reached all 12 milestones.<a target="_blank" rel="" href="https://www.businessinsider.com/why-tesla-wants-give-elon-musk-billion-pay-package-2024-4">Tesla has argued</a> that the pay package is both fair and necessary to maintain Musk's focus on the car company. And the company went all out in its efforts to promote Musk's pay package, paying for advertisements and even offering shareholders who voted a chance to win a tour of the Texas gigafactory alongside Musk.Some <a target="_blank" href="https://www.businessinsider.com/judge-strikes-down-elon-musk-tesla-compensation-pay-package-2024-1">Tesla fans</a> took to social media to promote the proposal, joining with some of the company's notable shareholders, such as <a target="_blank" href="https://www.businessinsider.com/tesla-shareholder-billionaire-ron-baron-supports-elon-musk-pay-package-2024-6">Ron Baron</a> of Baron Funds and Cathie Wood of Ark Investment Management, who were quick to rally around Musk."Elon is the ultimate 'key man' of key man risk. Without his relentless drive and uncompromising standards, there would be no Tesla," Baron wrote in an open letter last week.One big reason investors are rallying around Musk: they are afraid of losing him — or at least his attention. The <a target="_blank" href="https://www.businessinsider.com/elon-musk-tesla-leave-delaware-judge-blocks-pay-deal-2024-1">CEO has threatened</a> to take his plans for AI and robotics elsewhere, saying that unless he had about 25% of voting control, he would "prefer to build products outside of Tesla.""He is putting a knife at the throat of the company: 'You don't pay me what I want, then I am going to compete,'" Anat Alon-Beck, a corporate law expert at Case Western Reserve University, told BI.During the annual meeting, Tesla announced that a proposal to move Tesla's state of incorporation to Texas had been approved. Earlier this year, Musk moved SpaceX's state of incorporation from Delaware to Texas as well.Additionally, shareholders approved a proposal to reelect Tesla board members Kimbal Musk and James Murdoch.This is a developing story. Check back for updates.Do you work for Tesla or have a tip? Reach out to the reporter via a non-work email and device at <a target="_blank" href="mailto:gkay@businessinsider.com">gkay@businessinsider.com</a> or 248-894-6012.

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Move over regular gifts! Gift your sister stocks, MF units this Rakhi

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