BSE shares witnessed an uptick on Monday after an ET report suggested that the exchange plans to launch new monthly index option products and revamp the Bankex index. The move aims to boost BSEs derivatives market share beyond weekly expiries, with management betting on cheaper monthly options and improved liquidity to deepen trader participation.
Indian equity markets are showing renewed strength, with the Nifty holding above key technical levels and poised to retest all-time highs. While the banking sector consolidates, IT, auto, and defence sectors are gaining traction. Tata Motors Passenger Vehicle and Hindalco are highlighted as attractive stock picks with bullish patterns and near-term targets.
Infosys American Depository Receipts saw a significant intraday surge. Experts attribute this spike primarily to derivative strategies and options trading mechanics. While the stock closed with a modest gain, reflecting underlying fundamentals, the dramatic intraday movement was largely driven by short gamma positions. Investors are advised to focus on end-of-day prices for a clearer picture of stock performance.
