SEBI has set deadlines for exchanges to align BANKNIFTY, FINNIFTY, and BANKEX with new diversification norms for derivative eligibility. BANKEX and FINNIFTY must comply by Dec 2025, while BANKNIFTY will adjust in phases until Mar 2026.
In October last year, Sebi had enhanced the overall position limit for brokers, and now, the regulator wants to align the same with a delta-based measurement, or an option's sensitivity to changes in underlying asset's price.
Rajat Rajgarhia said at Motilal Institutional will be watching out for three themes during 2025, and is hopeful of another good year for equities. The markets have turned bottom up and are seeking earnings growth, he added.
The exchange said that the weekly contracts of Sensex will expire on Tuesday of every week from Friday
BSE issued the circular on October 3
Transaction fee for Sensex Options and Bankex Options for all expiries will be Rs 3,250 per crore of premium turnover value, said the exchange circular
The brokerage has a hold call on the stock and has reduced its price target to Rs 2,850 from Rs 3,000.
Transaction charges as per the current methodology for S&P BSE Sensex Options and S&P BSE Bankex Options will continue to be levied from May 1 to May 10, 2024
Levels near 21,950 will remain crucial for the bullish camp, whereas a close below 21,900 will confirm weakness and trigger further fall towards 20,700.
New contracts of S&P BSE Bankex with Monday expiry will be generated on October 13, 2023 end of day and will be available for trading with effect from October 16, 2023, BSE said
A joint statement says that BSE requested NSE to consider shifting of the Bank Nifty expiry to any day other than Friday, as it would otherwise potentially impact the growth of Sensex or Bankex derivatives
This surge in trading activity was accompanied by an Open Interest (OI) value exceeding Rs 1,350 crore
Merely repackaging its derivative contracts may not be enough for the BSE to lure investors away from its rival exchange.
Contradicting the perception that low volatility in the BSE SME exchange is resulting in blatant price manipulation, Ramamurthy said price manipulation can also happen in a liquid exchange.
Catch Mahalakshmi Narayanaswamy live with BSE MD & CEO Sundararaman Ramamurthy on Moneycontrol.
BSE’s previous efforts in this direction have come a cropper, and market participants feel the odds are heavily stacked against the exchange this time around too.
Harendra Kumar of Elara Capital says Bankex at the moment is looking rather vulnerable and ICICI Bank may see further downside. According to him, the stress in ICICI Bank assets is higher than expected. He prefers Kotak and Axis Bank to ICICI Bank.
Sensex hits intra-day record high of 21,961. Nifty hits intra-day record high of 6538 . Nifty, Sensex mark biggest intra-day gain since November 2013. Realty, Bank Nifty, Cap Goods lead the market rally. ICICI Bank, HDFC Bank contribute over 60 percent to Bank Nifty gain. ICICI Bank, RIL, HDFC Bank contribute over 60 percent to the Nifty gain.
Punita K Sinha believes the main reason for the rupee to perform better than other emerging market currencies is due to tightening measures taken by the RBI to tame inflation. Because if inflation rises, rupee will weaken further.
Gautam Trivedi of Religare Capital Markets recommends long-term investors to be cautious because he feels that the market has run ahead of its fundamentals.
Reserve Bank of India hiked repo rate -- the rate at which the RBI lends money to commercial banks -- by 25 bps to 7.5 percent, which was the surprising move for the street. The central bank cut marginal standing facility rate (MSF) by 75 bps to 9.5 percent.
Bulls retained their hold on the Dalal Street in afternoon trade with the equity benchmarks surging more than 3.5 percent, supported largely by rate sensitives.
Parag Thakkar, head of sales at HDFC Securities does not expect that the rally is really sustainable at this point. The Sensex closed at 19229.84, while the Nifty rose 86.90 points or 1.55 percent to finish at 5,699.30 after hitting an intraday high of 5704.75.
Experts do not see any major action from the much-awaited monetary policy review as the central bank had already taken liquidity measures in past one month to curb rupee depreciation.
Country's largest lenders State Bank of India, ICICI Bank and HDFC Bank were down between 2-3 percent after the RBI, just ahead of its first quarter monetary policy review on July 30, announced another set of measures to curb the rupee volatility.