 "Stock Market, BSE, NSE, Nifty, Capital")
A new study by the Securities and Exchange Board of India suggests that trading in derivatives is a losing proposition. In this regard, our lead editorial notes that a vibrant F&O market enables better price discovery, and participants can hedge more efficiently. In aggregate, traders help generate the volumes, which ensure high liquidity and low spreads. This is to the benefit of all traders, and especially useful for hedgers. However, retail traders would benefit from absorbing the lessons of this new study at an individual level. Read here
In other views
Examining the first 100 days of the second and third Modi governments, A K Bhattacharya notes that it would be reasonable to assume Modi 3.0 will focus more on projects and schemes that either do not require legislative changes or have the support of its coalition partners. This trajectory is evident from how Modi 3.0 celebrated its first 100 days in office. Read here
Sanjeev Krishan and Raghav Manohar Narsalay of PwC India note that any further delay in reinvesting profits would slowly eat into the competitiveness of enterprises and the Indian economy as a whole. Read here
 "Just how many self-regulatory organisations (SROs) are too many? Last week, the Reserve Bank of India (RBI) capped the number of such entities for non-banking financial companies (NBFCs) at “a maximum of two”. And to ensure the smaller NBFCs get a fa")
 "The drug Sofosbuvir is used to treat Hepatitis C, which is caused by a virus that kills 250,000 people every year. It is sold as “Sovaldi” by Gilead Sciences in the US. Many Hepatitis C treatments last up to a year, with cure rates of 70 per cent.")
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 "India is still a developing country with a low per capita income of $2,500, which also camouflages wide income and wealth inequalities. India currently ranks 134th out of 193 countries in the Human Development Index, which is a more accurate measure")
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 "Last week, the Modi government celebrated its achievements during the first 100 days since its formation on June 9. How different were they from similar celebrations held five years ago after it was sworn in for a second consecutive term on May 30, 2")
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 "According to Morgan Stanley, India crossed China to become the largest market in the emerging markets (EM) universe at the end of August. This is based on India's weight in the MSCI All Countries World IMI (investible large, mid and small cap) index.")
