Online Trading
AI stocks drove the market's growth, with Super Micro Computer shares surging 19% after reporting earnings per share that exceeded expectations by 84%. CoreWeave's shares rose 19.3% due to better-than-expected revenue and a smaller loss, as CEO Michael Intrator noted increased demand for AI technology. Nvidia also saw a 3% rise, contributing significantly to the S&P 500's performance.
Conversely, construction companies like D.R. Horton and PulteGroup experienced declines of 3.3% and 2.5%, respectively. Internationally, European indexes dropped while South Korea's Kospi gained 3.7%. U.S. Treasury yields decreased after inflation was reported at 3.4% year-over-year, slightly better than June's 3.5% rate, affecting the housing market negatively.
*9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
*On an average, loss makers registered net trading loss close to ₹ 50,000.
*Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
*Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
SEBI study dated January 25, 2023 on “Analysis of Profit and Loss of Individual Traders dealing in equity Futures and Options (F&O) Segment”, wherein Aggregate Level findings are based on annual Profit/Loss incurred by individual traders in equity F&O during FY 2021-22.
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