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Nov 22, 2024 | 
yahoo.com | Ashutosh Joshi |Savio Shetty
(Bloomberg) -- India’s benchmark equity gauge headed for its biggest gain since early June, boosted by lenders and market heavyweight Reliance Industries. Most Read from BloombergThe NSE’s Nifty 50 index rose as much as 2.6% to 23,946.95, while the BSE Sensex rose over 2%. Friday’s gain helped the Nifty halt two straight weeks of losses. The rally was also aided by optimism that an alliance led by Prime Minister Narendra Modi’s Bharatiya Janata Party may win in the Maharashtra state election.
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Nov 22, 2024 | 
bloomberg.com | Ashutosh Joshi |Savio Shetty
India’s benchmark equity gauge headed for its biggest gain since early June, boosted by lenders and market heavyweight Reliance Industries. The NSE’s Nifty 50 index rose as much as 2.6% to 23,946.95, while the BSE Sensex rose over 2%. Friday’s gain helped the Nifty halt two straight weeks of losses.
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Nov 13, 2024 | 
bnnbloomberg.ca | Savio Shetty
(Bloomberg) -- Wednesday will mark the end of the contract that turned India into the world’s largest options market. The National Stock Exchange of India Ltd. is discontinuing weekly contracts on the Nifty Bank Index of major lenders — derivatives that represented about one-third of total index options volume — as the nation’s regulator is seeking to rein in an industry that grew more than 40 times over the past five years.
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Nov 13, 2024 | 
bloomberg.com | Savio Shetty
Wednesday will mark the end of the contract that turned India into the world’s largest options market. The National Stock Exchange of India Ltd. is discontinuing weekly contracts on the Nifty Bank Index of major lenders — derivatives that represented about one-third of total index options volume — as the nation’s regulator is seeking to rein in an industry that grew more than 40 times over the past five years.
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Oct 30, 2024 | 
msn.com | Savio Shetty
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Oct 30, 2024 | 
bloomberg.com | Savio Shetty
Options traders are betting the US election will trigger a wild move in the Indian stock market. Among the NSE Nifty 50 Index options expiring next week after the vote, calls with an exercise level of 24,500 and 24,400 puts have added more than 60,000 contracts each in the past week, becoming some of the most owned, data compiled by the local exchange and Bloomberg show.
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Jun 6, 2024 | 
reuters.com | Savio Shetty
June 6 (Reuters) - The Indian banking sector is a preferred bet on the back of an upcoming favourable interest rate cycle and bottoming of net interest margins (NIMs), a top executive at Avendus Capital said on Thursday. The banking sector has been a laggard in 2023, as well as so far in 2024. The 12-member bellwether Bank Nifty (.NSEBANK), opens new tab index has returned 1.9% this year, compared with a 4.6% rally in the broader Nifty 50 (.NSEI), opens new tab.
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May 2, 2024 | 
finance.yahoo.com | Savio Shetty
By Savio Shetty(Reuters) - India's equity markets could fall from current levels in the June-to-August period if Prime Minister Narendra Modi's Bharatiya Janata Party (BJP) wins fewer seats than expected, a chief investment officer at Incred Capital said on Tuesday. Opinion polls suggest the BJP will easily win a majority despite worries over unemployment, inflation and rural distress in the world's most populous country.
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Apr 30, 2024 | 
reuters.com | Savio Shetty
A security guard walks past the logo of the National Stock Exchange (NSE) inside its building in Mumbai, India, May 28, 2019. REUTERS/Francis Mascarenhas/File Photo April 30 (Reuters) - India's equity markets could fall from current levels in the June-to-August period if Prime Minister Narendra Modi's Bharatiya Janata Party (BJP) wins fewer seats than expected, a chief investment officer at Incred Capital said on Tuesday.
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Apr 4, 2024 | 
aol.com | Savio Shetty
By Savio ShettyMUMBAI (Reuters) - Sports technology-focussed fund Centre Court Capital said on Thursday that it has launched a 3.5 billion rupees (around $42 million) venture capital fund that includes investments from the owners of India's JSW Group and billionaire Azim Premji's wealth fund.
