Jane Street’s success in India was said to be due to a “secret strategy.” India’s market regulator says the high-frequency trader’s big gains are on account of market manipulation.
Stocks
BUY HDFC 1755 TRG 1770-1800-1840 SL PAID – NEAL BHAI REPORTS
BUY HDFC 1755 TRG 1770-1800-1840 SL PAID – Shares of HDFC climbed over 3 percent in the morning trade on BSE on October 1 even as a day ago the company said National Housing Bank (NHB) a monetary penalty on it.
Goldman Says Narrow Breadth in S&P 500 a Bad Sign for Stocks
The U.S. benchmark is around 17% below its February record, but the median stock trades 28% from its peak, Goldman strategists including David Kostin wrote in a note Friday.
U.S. officials are set to Travel to China Next Monday for the First High-Level, Face-to-Face Trade Negotiations Talks
Lighthizer and a small team will be in Shanghai through Wednesday, according to people familiar with the plans who asked not to be identified. The meeting will involve a broad discussion of the issues outstanding and isn’t expected to yield major breakthroughs, a senior administration official said.
Buy Gold, Sell Stocks Is the ‘Trade of Century’ Says One Hedge Fund
One of last year’s best-performing hedge funds says the “trade of the century” is to buy gold and sell stocks as risk assets are due for another meltdown.