Traders have placed a $430 million directional wager that oil prices will fall ahead of a Trump ceasefire extension tied to the Iran war. Analysts note this is the third such bet this month and the fourth overall, with prior large positions in March and April reaching $500 million and about $2.1 billion respectively.
India’s recent Securities Transaction Tax increase brings back a 2004-era levy meant to curb speculation and reduce capital-gains leakage. Originally designed to replace LTCG, STT now sits alongside it, aiming at a booming Gen Z-driven F&O market. The result: higher trading costs, cooler volumes, and pressure on market intermediaries.
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Lovable Lingerie has emerged as one of the standout performers among newly listed stocks, with shares doubling in value. Traders appear to be positioning for another success story, drawing comparisons to Page Industries, another high-flying stock. The rally has made the company the third-best performer among listings this year, fueling fresh speculation on its next leg of growth.
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