The gains among the finance sector, analysts said, came from the Reserve Bank of India's (RBI) relaxed liquidity coverage ratio guidelines, which are anticipated to enhance credit growth
The long build-up is seen in the Bank Nifty futures, where we have seen a 3 per cent (Prov) rise in open interest with it rising by 2.2 per cent
The day also marked a historic milestone for the BSE, as it celebrated its sesquicentennial (150th) anniversary, marking its position as Asia's oldest stock exchange
In the past one month, HDFC Bank and ICICI Bank have outperformed the market by surging 10% and 9%, respectively, as against 4% rise in the Nifty 50.
HDFC Bank on Monday cut its savings interest rate by 25 basis points to 2.75 per cent for deposits of less than Rs 50 lakh - its first reduction after five years
Historical data shows that the Nifty has ended higher in most of the April F&O series in the last 12 years; the average gain for the NSE benchmark has been over 3 per cent.
Long build up is seen in the Bank Nifty futures, where we have seen 5 per cent(Prov) rise in open interest with it rising by 0.49 per cent, said Nandish Shah of HDFC Securities
NSE derivatives data shows that FIIs are least bearish since December 13; DIIs most bullish in more than a year, while retail investors have turned cautious.
Bank Nifty rollovers stood at 69.3 per cent, which was higher than the 3-month average and indicates positive sentiment at the counter, said Axis Securities report.
The Nifty Bank has given a breakout above 50,600 levels. Near-term bias is expected to remain positive as long as the index sustains above 50,350 and 49,865 support levels, suggests technical chart.
FIIs net bought 35,901 contracts of Nifty futures and 31,258 contracts of Bank Nifty in the last 4 days; DIIs bullish bets in index futures at highest in more than a year, shows NSE F&O data.
Long build-up is seen in the Bank Nifty futures during the series till now, where we have seen 35 per cent (Prov) rise in the open interest with it rising by 2.71 per cent
Technical chart hints up to 10% downside risk for the Bank Nifty; among private banking shares HDFC Bank looks weak; while ICICI Bank and Axis Bank may trade with a favourable bias in the near-term.
HDFC Bank and ICICI Bank hold over 53% weightage in the Bank Nifty, thus having a major impact on the likely trend in the banking index; check key support and resistance levels for these 3 here
Stock Market Today: Short-term trend in Bank Nifty has turned positive as the index is placed above its 5-day EMA
Key takeaways from F&O data: Substantial PUT accumulation at the Nifty 22,000 strike solidifies this level as a reliable support base, says Dhupesh Dhameja of SAMCO Securities.
Key takeaways from F&O data: FIIs bearish; retail, DIIs hold bullish bets in index futures. Nifty, Bank Nifty options data indicates a bearish stance in the market.
Cues from F&O data: Despite holding a bearish view in the February series, data shows FIIs may have added few long positions in Nifty, MidCap Nifty futures; while added short positions in Bank Nifty.
FIIs were net sellers in index futures for the fourth straight day yesterday. Open positions in Bank Nifty rose by nearly 12% amid the market fall. Here's what experts have to say.
Foreign institutional investors open interest in Nifty futures has increased by 4.8% since the start of February series, while the total OI in Nifty Feb futures dipped by 1.1%; shows NSE F&O data.