Ashutosh Joshi

Stock brokers are emerging as a major force in India’s short-term debt market, borrowing billions of dollars to finance investors’ growing appetite for leveraged equity bets.

Indian equities slumped as elevated oil prices, higher bond yields and rising borrowings costs fuel persistent selling by investors.

Indian stocks jumped on Tuesday after Finance Minister Nirmala Sitharaman said she’s keen to listen to discussions around a transaction tax imposed on trading shares as the country seeks to boost capital inflows.

Nifty jumps as traders seize on a rather noncommittal remark by Sitharaman about the securities transaction tax.

Indian asset managers are restricting fresh investments into gold products ahead of the key festive season when demand is strong, adding to the nation’s efforts to curb appetite for the precious metal amid a historic slide in the local currency.

For generations of Indians, Reliance Industries Ltd. was their introduction to the stock market. Founder Dhirubhai Ambani drew middle-income savers into shares, building a following that endured for decades.

Leveraged bets on Indian stocks are heading for their first monthly drop since March, a sign retail traders are cutting risk as the rally in some of the market’s most speculative corners unravels.

A gray-market premium of about 22% suggests investors are betting on a strong start.

What began as a banner year is turning into a reckoning for Adani Enterprises Ltd., the flagship arm of India’s richest man Gautam Adani, which needs to deliver on multiple infrastructure projects to fulfill its earnings promise.

Jio Platforms Ltd.’s blockbuster stock market debut has propelled the digital company as well as its parent Reliance Industries Ltd. into rarified air. It also helped Mukesh Ambani’s conglomerate topple Tata Group as India’s largest conglomerate by market value.