💡 Time decay is not linear. An option's time value erodes faster as expiry nears, so an out-of-the-money option can lose value in its final sessions even when the underlying barely moves.

☀️ Before the bell | Friday, 16 Oct
GIFT Nifty: 23,082, up 96 points, pointing to a higher start for the Nifty 50.
Global cues: Dow +1.08%, S&P 500 +0.33%, Nasdaq +0.08%. Nikkei +1.80% and Kospi +2.72% as chip stocks rebound.
Crude and rupee: Brent at $105.59. The rupee closed at 95.06 per dollar, its fifth straight gain.
FII/DII: FIIs net sold ₹5,285 crore, DIIs net bought ₹3,319 crore (provisional).
On the radar today: Q2 results from PNB, DLF and Federal Bank. Fusion CX and Ravita Engineering IPOs close for subscription.

🔔 Market open
NIFTY 23,034 (+0.16%)
BANK NIFTY 55,822 (+0.02%)

📈 NIFTY crosses 23,100
Now at 23,101 (+0.45%), at the day's high.

🌙 The week is closed, and the charts will still be there on Monday.
Use the weekend to step away. A rested mind reads the market more clearly than a tired one.

2 events happening at once on a Saturday morning 🙏⚡

☀️ Before the bell | Monday, 19 Oct
GIFT Nifty: Near 23,112, against Friday's Nifty close of 23,146.15. Points to a flat open.
Global cues: Wall Street fell on Friday (Dow -0.34%, S&P 500 -1.09%, Nasdaq -2.14%). Nikkei -1.15%, Kospi -0.12% this morning.
Crude and rupee: Brent near $108.10 (-1.50%). Rupee closed at 94.92 per dollar on Friday.
FII/DII: Net flows on Friday were FIIs +₹1,166 crore and DIIs -₹3,661 crore.
📌 On the radar today: Nifty weekly contracts expire today, a day early as markets are shut tomorrow for Dussehra. Q2 results from UltraTech Cement, Bajaj Finance, Hindustan Zinc and Union Bank of India.

🔔 Market open
NIFTY 23,108 (-0.16%)
BANK NIFTY 55,661 (-0.33%)

Jio Platforms IPO is here!

One of the most awaited IPOs is opening for subscription. We’ve broken down the key details, financials, ownership, growth drivers and risks you should know before applying.

Read the full breakdown on Instagram 👇
View the Instagram post

Trichy, thank you! 🙌

Here's what the audience had to say about stop 2 of our Tamil Nadu Tour: https://www.instagram.com/p/DeqwTg9jUJQ/?img_index=1

Next stop is Madurai, on 24th October. Register now on events.dhan.co

🔻 NIFTY down 1% today
Now at 22,913 (-1.01%).