The weekly expiration of futures and options contracts of the BSE Bankex index has been rescheduled for Saturday due to the closure of the domestic stock market on Monday. This adjustment may favour option sellers, say experts.
The BSE Bankex showed positive momentum, gaining 0.47% and reaching 50,122.15. HDFC Bank played a significant role in driving the index higher, followed by State Bank of India, IndusInd Bank, Axis Bank, and ICICI Bank. These top-performing stocks showcased the resilience of the banking sector. However, Kotak Mahindra Bank, Bank of Baroda, Federal Bank, and AU Small Finance Bank experienced declines, affecting the overall performance of the index. Investors should monitor these stocks for long-term investment potential.
It is like a chicken-and-egg situation. All these product tweaks are innovative, but traders won t move unless there is liquidity. And liquidity cannot be generated until traders move.