In May, Sebi had issued rules capping the weight of the top constituent in such indices at 20 per cent and the combined weight of the top three at 45 per cent
Long build up is seen in the Bank Nifty Futures where Open interest has risen by 2 per cent along with price rise of 0.10 per cent
Polycab and Jio Financial Services are among the top stocks to buy today, says Chandan Taparia
F&O strategy: Primary trend of the Bank Nifty remains positive as it is placed above its 50 and 100 day EMA
NTPC, SRF, Hindustan Petroleum are among the top stocks to buy today, says Chandan Taparia
Derivative strategy: How trade Bank Nifty and PFC today? Nandish Shah of HDFC Securities explains
the Bank Nifty index advanced 0.80 per cent from its previous close to scale a fresh peak of 57,076 during intraday deals on Thursday
Nifty Expiry Day: A breakout above the 25,300 level could result in swift short-covering and potentially drive the Nifty towards the 25,450 - 25,500 zone, said Dhupesh Dhameja of SAMCO Securities.
Stocks to buy today: Motilal Oswal's Chandan Taparia decodes how to trade Nifty, Bank Nifty; recommends three stocks to buy today
Technical chart shows that the Nifty Bank has near resistance at 57,000 levels; above which the index can potentially rally past the 60,000-mark. Here are 5 banking stocks that can potentially rally.
The short term trend of the Bank Nifty is positive as it is placed above its 5,11 and 20 day EMA
The short-term trend of the Bank Nifty index is positive as it is placed above its 5,11, and 20-day EMA
A Bull Call Spread is recommended to capture the anticipated rally while maintaining a defined risk-reward framework, says Sahaj Agrawal
The NSE F&O data shows that domestic institutional investors offloaded over 36,000 contracts of index futures in the last 8 days, while the Nifty 50 index rose nearly 4 per cent.
Shares of IndusInd Bank were on the rise today.It not only rallied over 2% in early trade today, but it has also recovered 41% from its March 12th low of ₹605.40.
Among the sectoral indices, Nifty Oil & Gas was the top performer, ending higher by 3.18 per cent, led by RIL (5.07 per cent) and BPCL (4.97 per cent)
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.