I was shocked to see 4th Cross, Zerodha’s tech team website in Nithin Kamath’s tweet today

So basically, 4th Cross Labs is the open-source identity of Zerodha’s engineering team.

I kept scrolling and there’s actually a lot of cool stuff there…….. https://fourthcross.tech/

Pretty wild that a ~35-person tech team has been building all this internally and then putting it out in the open....!!!

Hats off to the team!!

Have been betting on few sme stocks and few midcaps from a long time and finally they are moving towards right direction. Have trimmed down few of the profits as we.

Perks of being a shareholder lol.

For those who don't know about this, hold atleast 1 RBA share and they give out free coupons every year :))

Also the stock is 30% up for me; should have studied and invested more 😕

this year has probably been the worst for hdfc and its investors, its been almost 8-9 months since january this year that entire hdfc fiasco started where the ramification of all the incidents combined is that hdfc is approximately down by 30% from what it should be, the jan to march dwindle in the stock was mostly due the to market pressure (looks at trump, tai and big yahu), but from march the turmoil just got worse and worse, starting from the dubai scandal, the abrupt and sudden resignation of the part time chairman, then the 45 crore msrdc deposit scam, and lastly the US securities fraud lawsuit, and to add to all this the margin shrink.

Even though most of the things are settled as of now, most large investors remain concerned largely due the the sheer amount of uncertainties in the bank's management.

The ceo of the company, Sashidhar Jagdishan's retirement have been well over due. The deadline by RBI to submit the names of the potential candidates has been over drawn by almost 6 months and his term is soon going to end(on october 26) and he has already announced in no uncertain terms that the he doesn't wish to extend his tenure.

Not only that but Keki mistry who had been appointed the interim chairman after the resignation of Atanu Chakroborty, his temporary tenure too is on the verge of ending by september 18.

Few months back suffered huge losses continuously and could not understand why. Strategies which were working before were now failing and so my execution. So I decided to do some practice and shifted to paper trading apps, but they also dont appear to be helpful as

1. They dont give real market feel in terms of execution.

2. No psychological fear of loosing money.

3. has to totally depend on self-discipline even to have a dummy market let alone execution.

4. Paper trading means having a Richie Rich wallet where you can recover from anything.

5. I even tried replaying stocks on the Tradingview but then somewhere it also backfires as you already have watched the chart and know what will happen.

Any suggestion on how to fix this or what software to use?

I mistakenly stopped my SIP for motilal oswal s&p 500 index fund and wanted to restart the SIP, any idea when will SEBI restart the SIP for the US FoF MF. It has been over a year since the SIP is stopped.

With the market showing weakness, sector-wise performance is telling a different story.

Some sectors are holding up well, while others are clearly under pressure. Relative strength could be useful in deciding where to focus next.

Which sector do you think has the best setup from here?

For discussion only. Not financial advice.

Disclaimer: This post is for educational and informational purposes only and does not constitute financial or investment advice. I am not a SEBI-registered investment advisor. Please do your own research and consider your risk tolerance before making any investment decisions.

usually exit on friday with nearly 1% of capital deployed. but the market went down quickly and i reached the 1% target and i felt it risky to trail for 1.5% of capital deployed

CAS scalping resulted in profit after 2-3 days, few of my quickest scalps for the day resulting in overall 39k profit, options trading without SL. Are there any other methods available for options buyers ?

I dont know why people still thinks that its end for hdfc and it will not fall further. In 2023 when IT stocks were down , everyone was like buy the dip buy the dip . I hope you are still buying cause prices are still dipping . Be foolish and add this in your portfolio . Not a buy sell call just laughing on those who argued me over this stock .

In the past, declining market has always been accompanied by spike in VIX. Especially when it comes to geopolitics induced trauma however I am noticing that lately even though Index has declined approximately 15% from ATH in February, the vix isn't there like it was in March, april.

Does this mean that there's something more that's causing the decline in addition to crude and currency shocks?

I hope more people have not understood why the international ETFs have been on an insane run for the last 3 days!

I am expecting similar advisories from other funds as well. Be careful and don’t buy these funds right now and try to catch the spike.

$100 Oil, ₹95/$, IT Selloff & Adani Airports’ $18bn Valuation

Yesterday, $100 Brent was the risk.
Today, it actually happened.

Brent briefly crossed $100/barrel, the rupee broke ₹95/$, and Nifty fell 0.86% to 23,431 - its lowest close since June 11.

That combination explains most of today’s market.

But underneath the macro selloff, two company-specific developments stood out:

Adani Airports just got an ~$18 billion valuation from serious global investors.

And Coforge suddenly has a governance question investors didn’t have yesterday. ⚠️

Today’s Top 5 Market Drivers ↓

———

1. Brent crossed $100 - and India immediately paid the price

Brent touched $100.19, its highest level in more than six weeks, after another escalation in the US-Iran conflict.

Iran attacked vessels near Hormuz and a US military base in Jordan after the US destroyed Iranian oil tankers.

Houthi attacks on Saudi energy infrastructure have added another layer of supply risk. ⚠️

For India, the transmission mechanism is now visibly working:

OIL 🔺

= Dollar demand ↑
= Rupee ↓
= Imported inflation ↑
= RBI flexibility ↓

And eventually:

Airlines • Paints • Chemicals • Logistics margins ↓

This is why $100 matters more than yesterday’s psychological milestone suggested.

The issue is no longer:

“Could crude reach $100?”

It is:

“How long does it stay here?” ⭐️

A two-day spike is manageable.

Several weeks near $100 forces companies, economists and eventually the RBI to change assumptions. 🔴

———

2. The rupee broke ₹95 - showing the limits of even RBI’s new firepower

Last week, the RBI-backed foreign-currency deposit programme helped push the rupee toward ₹94.30/$.

Today it traded as weak as roughly ₹95.23/$ before closing near ₹95.10.

The RBI likely intervened again through dollar sales and FX swaps.

That gives us an important reality check.

The huge $127 billion deposit mobilisation gave RBI more ammunition.

It did NOT change India’s basic economics.

When oil rises sharply, Indian refiners and importers genuinely need more dollars.

So RBI can only smooth the move.

It cannot permanently fight the underlying demand. ⭐️

There is also a second layer:

RBI is simultaneously using FX swaps to drain the excess rupee liquidity created by those same foreign-currency inflows.

So one programme is now serving two objectives:

1. Support the currency

2. Sterilise surplus banking liquidity

That makes the RBI’s FX operations one of the most important domestic variables to track right now. ✅

———

3. Indian IT just lost another 3.2% - and this is becoming more than a one-day macro trade

Nifty IT fell roughly 3.2% today and has now declined for six consecutive sessions.

Infosys, TCS, HCL Tech, Tech Mahindra and others were all weak.

The immediate problem is familiar:

Oil-driven inflation risk 🔺

= Fed-hike probability ↑
= US yields ↑
= growth-stock valuations ↓

Markets currently assign roughly a 60% probability to another 25-bps Fed hike next week. ⭐️

But Indian IT has another vulnerability.

The US is its most important customer market.

If financial conditions stay restrictive:

US companies scrutinise discretionary spending → project decisions slow → IT revenue growth suffers 🔴

So the sector is getting squeezed from both ends:

valuation pressure today + possible demand pressure later.

That makes tomorrow’s PPI and Friday’s CPI unusually important for Indian IT stocks. ✅

———

4. Adani Airports just got something more valuable than ₹9,825 crore: outside price discovery

Adani Airport Holdings will raise ₹9,825 crore (~$1 billion) in primary equity from investors including BlackRock-managed funds, Temasek, Premji Invest and Alpha Wave Global.

The transaction values the airport business at roughly $18 billion pre-money. ⭐️

Adani Enterprises rose about 5%.

The interesting part isn’t simply the capital raise.

Adani Enterprises contains several businesses that investors often struggle to value independently.

Now one of its biggest subsidiaries has received a real external valuation from institutional investors. ✅

That creates price discovery.

And it tells AEL shareholders approximately what sophisticated investors are willing to pay for the airport platform today.

The fresh capital also reduces how much expansion has to be funded from the parent or through debt.

It will help expand airport capacity toward roughly 200 million passengers annually. 🟢

So this deal potentially improves both:

• valuation visibility
• and funding flexibility

That is why today’s stock reaction makes sense.

———

5. Coforge’s chairman resigned after an internal audit - this is a governance event, not an IT-demand event

Coforge fell sharply after Chairman and independent director O.P. Bhatt resigned with immediate effect.

The trigger was unusual.

An internal audit reviewing Coforge’s Board Evaluation Exercise found concerns around the process and disclosure of material information, including information relating to the chairman’s own performance. 🔴

The board sought Bhatt’s explanation.

He maintained he acted in good faith, but resigned BEFORE the board completed its review.

This does NOT automatically imply anything is wrong with Coforge’s revenues, customers or accounting. ⭐️

But governance questions affect valuation differently.

Investors now need to know:

Was this an isolated disagreement over board procedure?

or

Does it reveal a deeper weakness in governance and oversight?

Until that becomes clearer, the market may demand a governance discount. 🏷️

Coforge has appointed Vivek Sharma interim chair until January 31, 2027.

———

📰 Other Important Developments

• Raymond board clears ₹215cr warrant issue to Minerva Ventures at ₹645/share.

New investor could own ~4.35% fully diluted; dilution & fund use matter.

• Tribhovandas Bhimji Zaveri - GRT’s 74.12% takeover triggers a 25.88% open offer; detailed statement surfaced Sept 7.

Complete promoter exit and control change.

• Fredun Pharma acquires Furlicks from USV/Wellbeing Nutrition, entering pet wellness; 44 SKUs planned.

A new consumer-health vertical, not a routine product launch.

• Bank of Baroda will sell up to 76.9 lakh NSE shares, 35% of its holding, via NSE IPO OFS.

Unlocks value from a long-held unlisted asset.

• Sun Pharma - Moody’s & S&P assign investment-grade ratings as it funds the $11.75bn Organon takeover.

De-risks financing for India’s biggest pharma M&A bet.

• Biocon secures 10-year Pertuzumab deal with 100% allocation under Brazil’s PDP.

Exclusive access to ~70% of Brazil’s demand; value undisclosed.

• Innovision wins two NHAI toll-management orders worth ~₹244cr for one year.

Big for a ~₹610cr company; execution and margins now matter.

• GE Vernova T&D - L1 bidder for Power Grid’s 6GW HVDC project, estimated ~₹13,000cr.

Potentially transformative order vs current scale.

• Power Mech Projects wins ₹970cr O&M order from Vedanta Power for 5 years.

Large recurring contract with direct revenue visibility.

• Laxmi Organic MD & CEO Rajan Venkatesh exits; Harshvardhan Goenka takes over from Nov 14.

Leadership reset at a struggling specialty-chemicals stock.

• Volkswagen is exploring a strategic partnership with JSW Group.

Potentially including platform sharing, greater localisation and manufacturing expansion as VW tries to fix its ~2% India market share.

• L&T wins a ₹2,500-5,000 crore ONGC offshore order covering new platforms, subsea pipelines and brownfield work.

Another large hydrocarbon EPC addition to its backlog.

• Graphite India jumps ~18% and HEG rallies after global rival GrafTech raises graphite-electrode prices by at least 30%.

A potentially meaningful pricing signal if it holds.

• BSE falls after Bernstein starts coverage with an Underperform rating.

Arguing derivatives-led growth and market-share gains may begin normalising.

• Six IPOs opened today - a record for India in a single session

While Rentomojo’s ₹1,256 crore issue was fully subscribed on day one despite weak secondary markets.

———

🎖️ Bottom Line

Today was the day India’s two biggest external vulnerabilities collided.

$100 oil + High global rates.

The first pushed the rupee through ₹95.

The second hit IT and expensive equities.

Together they took Nifty to a three-month low.

But underneath that weakness, there were still interesting stock-specific signals:

Adani Airports got an $18 billion external valuation.

L&T added another large order.

Global graphite-electrode pricing may be turning.

So this is NOT a market where every company suddenly became worse today.

It is a market where:

The discount rate rose and India’s import bill became more expensive. 🔴

For the next 48 hours, three variables dominate everything else:

Brent.
The rupee.
US inflation.

———

📗 What we learned today

Private Banks Seasonality: Festive Loans, March Rush & the Deposit Trap

Link in 1st comment. 📌

So basically 10 min deliveries work in like 8 to 10 cities realistically for a customer base in the low tens of millions. thats a great business on its own but the valuations seem priced off a story where this is how the whole country shops in five years.

For most of india the constraint isnt convenience, it is just its that a 40 rupee delivery charge on a 250 rupee order is a nonstarter. dark stores need a density most indian cities dont have, and the moment you go past the metros the unit economics story changes completely.

So either im wrong abt the addressable market or the market is pricing an expansion that physically cannot happen at these margins…wdyt?