To use a tired but still applicable cliché right at the onset, we have indeed come a long way from watching one film and two chitrahaars in a week and Sundays dedicated to Ramayan or Mahabharat on Doordarshan. First came the cable explosion and then finally, binge nights facilitated by the Over-The-Top (OTT) content industry.

From Shyam Benegal, B R Chopra, Ramanand Sagar and Ramesh Sippy creating epics for Doordarshan to Ekta Kapoor recycling the great Indian dysfunctional family to build a soap opera empire to the likes of Anurag Kashyap, Dibakar Bannerjee, Zoya Akhtar and Karan Johar telling stories on Netflix that they cannot tell on the big screen , the meaning and consumption of content has undergone a massive change in India

In this podcast, we explore the OTT concept in the Indian context by trying to figure out why we need it in the first place.

It was another freaky session for the market on Friday as bears retained control over Dalal Street. The Monetary Policy Committee's surprise move to hold policy rates spooked stocks and currency alike. The BSE Sensex shed nearly 1,000 points intraday and the rupee fell to a fresh low of 74/$. Weak global cues also hit investor sentiment.

The selling was broadbased as all sectoral indices collapsed barring IT which got a boost from the currency depreciation. Index heavyweights like Reliance Industries, HDFC, ITC etc, considered most defensive plays for the market, also saw capitulation.

The 30-share BSE Sensex cracked 792.17 points or 2.25 percent to 34,376.99 and the 50-share NSE Nifty plunged 282.80 points or 2.67 percent to 10,316.50, continuing correction for third consecutive session.

Nearly Rs 4 lakh crore worth of investors' wealth eroded in today's fall, taking total weekly loss to over Rs 8 lakh crore. For the week, the Sensex lost 5 percent and the Nifty 6 percent.

Billions. That’s too much money. Or is it?

What can a billion dollars get you? Well, not a confirmed spot on the list of 100 richest Indians by Forbes, we can assure you of that. Thirty candidates worth over a billion dollars did not make it to this year’s list, a list consumed by the billion plus of the country with equal parts admiration and envy.

From the great philosophers – Sophocles to Socrates to Plato – to some of the wealthiest men history has seen – Andrew Carnegie to Henry Ford to John D. Rockefeller... we have heard them all emphasize the uselessness of wealth if it didn’t also contribute to the betterment of mankind.

We have heard them all, at various points, speak of happiness and contentment as the greatest wealth, far superior to material wealth. We read those quotes; we nod in agreement; say Om; and while participating in the morally superior act of denouncing the worth of wealth, we still entertain that small voice in our heads which asks, “What would I do with a billion dollars?”

On our Pick of the Day, we will entertain a slightly different question – what did these billionaires do to get to be billionaires?

**Hindalco Industries Ltd: Buy| Target: Rs 285| Stop Loss: Rs 236| Returns 13.5%**

The stock has broken out from the falling channel pattern on the weekly chart and has also sustained above the same. The breakout has been accompanied with a smart uptick in traded volumes.

Hindalco has also surpassed its long-term 200-DEMA which was placed around the Rs 230 levels. We expect the stock to move towards its potential target of Rs 285 in the medium-term.

**Piramal Enterprises Ltd (PEL): Buy| Target: Rs 2510| Stop Loss: Rs 2191| Returns 9%**

The stock has corrected significantly and has now reached the lower end of the entire trading range. The stock has also managed to hold above the previous lows of Rs 2,280 hit in June 2018 giving early signs of ‘Double Bottom’ formation.

If PEL manages to hold above the previous low's then the stock is expected to stage a meaningful bounce back towards the potential target of Rs 2510 in the medium-term.

**Adani Ports: Sell Oct Futs| Target: Rs 298| Stop Loss: Rs 330| Returns 6.5%**

The stock has broken down from its descending Triangle pattern on the daily chart and has also sustained below the breakdown zone for the second consecutive week.

Adani Ports has also broken below its long-term 200-DEMA which further adds conviction on the bearish stance on the stock.

It was nothing short of bloodbath on D-Street as the S&P BSE Sensex fell by over 800 points while the Nifty50 broke below its crucial support placed at 200-days SMA and closed at 10,559.

Selling was witnessed across all segments with OMCs taking a beating after the FM announced a cut in fuel prices by Rs 2.5 and the burden to be borne by OMC.

Earnings of OMCs will be negatively impacted as they will have to absorb Re 1/litre on the auto fuel price (petrol and diesel), which will result into sharp decline in the auto fuel marketing margin, suggest experts.

The rupee plunged to a new all-time low of 73.81 against the US dollar. In last 15 minutes of the trade, rupee recouped 23 from the low, to settle at 73.57\. On a year-to-date (YTD) basis, rupee has witnessed a fall of almost 16 percent against the dollar. The fall in the rupee led to a sharp rise in government bond yields, due to increasing expectations that the RBI's monetary policy committee (MPC) could go for a bigger rate increase than expected on Friday. Most economists feel that the RBI could well raise rates by 25 bps on Friday.

On the way down, the index bounced back from its swing low of 10,557. From short term perspective, 10400 shall now be the next level to watch out for. On the flip side, the gap area of 10850 shall now take the role of a key hurdle zone.

India VIX moved up by 4.39 percent at 18.91 levels. Volatility is not cooling down which is not giving the relief to bulls and suggests a tight bear grip in the market.

On September 26, the US Federal Reserve, the American counterpart of the RBI, lifted short-term rate by a quarter-point to a range of 2 percent to 2.25 percent. This is a benchmark for many consumer and business loans. It was the eighth such hike by the Fed since 2015\.

Rate hikes by the Federal Reserve are important news because they generally lead to a rise in US treasuries yield and act as incentives for foreign funds to park their money in US markets for higher rate of interest. That then leads to foreign fund outflows from emerging markets - like India, Turkey, Argentina etc - because rate hikes tend to lower investment returns for foreign investors and prompt them to sell. Such a development is bad news for our currency because the dollar grows stronger in the currency market.

That’s the briefest way to summarise the fallout of a US Fed rate hike. We are going to attempt in this deep dive to explain in a bit of detail how India is affected by the US Federal Reserve, and what the immediate future looks like for the Indian economy.

Bears further tightened their grip on Dalal Street as the Sensex plunged more than 800 points to close at four-month low on Thursday. Crude oil prices touched fresh four-year high and rupee hit record low raised fears of a broadening current account deficit.

In addition, the government asked oil marketing companies to absorb Re 1 per litre on petrol and diesel also dented investors sentiment. Traders also remained cautious ahead of three-day Monetary Policy Committee's rate decision due on Friday.

The fall in global markets on hawkish comments from the US central bank, too, caused selling pressure.

The 30-share BSE Sensex tanked 806.47 points or 2.24 percent to 35,169.16 and the 50-share NSE Nifty closed tad below 10,600 levels, falling 259 points or 2.39 percent to 10,599.30.

**Motherson Sumi: Buy| CMP: Rs.242.85 | Target Rs 267| Stop Loss Rs.233| Return 10% **

The stock, after a steep correction, is seen consolidating on the daily chart. On the weekly chart, the price has completed ABCD harmonic pattern which suggests a possibility of a bullish reversal in the stock.

A divergence in the daily RSI is being witnessed which may induce a positive shift in bullish momentum in the stock price. Traders can accumulate the stock in the range of Rs 240-245 for the target of Rs 267 and a stop loss below Rs 233.

**Adani Ports Ltd: Buy| CMP: Rs. 329.75 | Target Rs 357| Stop Loss Rs.316| Return 8%**

After prolong corrective phase, the stock has been consolidating at lower levels. On the daily chart, we saw the formation of an inverted hammer which suggests the possibility of a bullish reversal. The green candles on the daily chart were backed by decent volume. Traders can accumulate the stock in the range of Rs 327-332 for the target of Rs 357 and a stop loss below Rs 316.

**Bata India Ltd: Sell| CMP: Rs. 915.30| Target Rs 845| Stop Loss Rs.957| Return 7.65%**

The stock price has given a breakdown from the consolidation pattern which suggests increasing pessimism in the stock. The fall in price was backed by a rise in volume.

The momentum oscillator RSI (14) is in bearish crossover and falling suggesting a continuation of bearish momentum. Traders can accumulate the stock in the range of 930-910 for the target of 845 with a stop loss above 957.

A weak day for Indian markets. The S&P BSE Sensex breached its support placed at 36,000 while Nifty50 slipped below 10,900 but found support above 10,850 levels.

RBI’s refusal to open a special window for oil marketing companies (OMCs) affected market sentiments. The rupee touched a new low of Rs 73.40 to a dollar.

Technically speaking, the Nifty50 is now trading below crucial short-term moving averages. The next crucial support is placed at its 200-SMA placed at 10,777. A breach of which could see Nifty50 heading towards 10,700 levels and worse 10,557.

In forthcoming sessions, if Nifty50 doesn’t stabilise around its 200-Day EMA of 10,785 levels then traders investors should prepare themselves to see the index heading towards 10,557 levels.

On the upsides, bulls will able to revive their chances of coming back provided they manage a close above psychologically important level of 11,000\. Till then bears are likely to remain in control.