Analysts attributed the rally in banking stocks to the underperformance in the sector compared to the benchmark and strong foreign inflows. Bank stocks have the highest weight on the Sensex and Nifty and a pick-up in overseas investor purchases of Indian equities benefit this sector the most.
BSE: Motilal Oswal said Sensex and Bankex derivative contracts are witnessing significant traction from market participants after the relaunch. It noted that BSE has increased transaction charges on Sensex options with effect from November 1
India Business News: MUMBAI: Bank stocks rose sharply on Monday as markets reacted positively to RBI's decision to gradually release Rs 1-lakh-crore deposits locked in by .
HDFC Institutional Equities on Wednesay noted that BSE's market share in the equity derivatives segment reached 3.4 per cent in August against nil in April.