Zerodha’s Kamath Flags India’s $17 Billion Margin-Trading Boom as a Market Risk

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‼️ 🇮🇳 Zerodha founder Nithin Kamath warned that India’s fast-growing margin trading facility market could amplify a market downturn through forced selling and broader contagion. The industry-wide MTF book reached about 1.4 trillion rupees on Tuesday, up 53% year on year, while Zerodha’s book rose to roughly 90 billion rupees in August; interest income from leverage now accounts for 10% of the broker’s revenue.

Sensex Flash Crash Sparks Auction Fears as Nifty Eyes Third Weekly Loss

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‼️ 🇮🇳 The Nifty fell for a second straight session on Thursday but held above 24,000, putting it on track for a third consecutive weekly loss. Meanwhile, the BSE Sensex briefly tumbled about 3% in a 20-minute closing auction, raising fresh concerns about thin liquidity and potential manipulation under the new auction-based closing-price mechanism covering more than 200 stocks.

Iran Links Hormuz Reopening to Regional Ceasefires as Trump Shuns June Deal

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‼️ 🇮🇷 Iran has tied reopening the Strait of Hormuz to ending regional conflicts, including a ceasefire in Gaza, Israel’s withdrawal from Lebanon, and an end to Israeli strikes in Syria, according to Supreme National Security Council Secretary Mohsen Rezaei. However, The Wall Street Journal reported that Trump is not interested in reviving the Iran deal framework agreed in June.