Jane Street faces scrutiny from India s Sebi over alleged manipulation in the options market, involving a hefty penalty and trading ban. The firm is appealing to SAT, arguing Sebi withheld exculpatory evidence. The outcome will determine Jane Street s future in India and test Sebi s enforcement transparency, impacting investor confidence in the booming options market.

Amanta Healthcare shares extended gains after debuting at a 7% premium, reflecting moderate investor optimism despite steep valuations at 46.6x FY25 earnings. The sterile injectables maker plans to use IPO proceeds for capacity expansion under its SteriPort brand and SVP facility. Strong margins, growing exports, and branded generics support growth, though supply risks and competition remain overhangs.

Sebi has introduced relaxed delisting norms for PSUs where the government holds over 90% stake, excluding banks, NBFCs, and insurance firms. The new rules waive the two-thirds public shareholder approval threshold and offer a fixed-price delisting option with a minimum 15% premium over the floor price.

Gold prices in India surged to Rs 1,09,500 per 10 grams, tracking COMEX highs of $3,700/oz. Driven by Fed rate cut expectations, dollar weakness, and geopolitical risks, analysts see the bull run continuing with further record highs likely.

Investor appetite for Adani Ports and JSW Infrastructure remains strong, Jefferies said, citing robust growth visibility, logistics synergies, and expansion plans. While investors welcome leverage reduction and capital allocation strategies, valuations remain a key concern with JSWI trading at a steep premium to ADSEZ.

The Indian equity market remains range-bound, with Nifty facing support at 24,600–24,800 and resistance near 25,000. Momentum is weak despite positive cues. Traders are advised to focus on select sectors and resilient stocks like AB Capital and Adani Ports, using appropriate stop losses for short-term trades.

Indian equities closed higher on Tuesday, fueled by Infosys share buyback announcement, which boosted IT stocks. Optimism surrounding potential GST cuts and growing expectations of a U.S. interest rate reduction further supported market sentiment. The Sensex and Nifty both gained, with IT and consumer discretionary sectors leading the advance.

The rupee weakened by 3 paise to close at 88.12 against the US dollar due to persistent foreign fund outflows and concerns over potential US tariffs on India. Global trade uncertainties and remarks from a White House trade advisor further pressured the rupee.

Data from the quarter reveals a worrying trend: most retail-favourite stocks have delivered negative returns despite their popularity. However, Tata Motors broke the pattern with a 4.5% gain in Q2FY26, while Tata Steel also managed a 5.7% rise, making them the only two gainers among the top ten.

Market expert Gautam Shah believes Indian equities are nearing a breakout after months of stagnation. With strong government reforms, supportive liquidity, and key resistance at 24,850, Nifty could soon test 25,000 and aim for lifetime highs of 26,200.