Once the final approval for the demerger is granted, Vedanta group companies may seek fresh lines of credit from their current creditors to obtain growth capital
On the weekly options front, the maximum Call OI is placed at 23000 and then towards 22850 strikes while the maximum Put OI is placed at 22500 and then towards 22400 strikes.
Indian equities, led by Reliance Industries, showed gains. Various sectors surged, with expectations of steady Fed rates in May 2024. Trent rises over 6% post solid Q4 results.