The revised norms will allow banks to set aside lesser funds against retail deposits at 2.5% as against a 5% additional run-off factor that the draft guidelines had proposed, the RBI said in a release on Monday. The regulator says it provided adequate time to banks to comply with the new guidelines, which will come into force from April 1, 2026.
Global Stock Market Today
Benchmark Nifty index settled higher at 24125 levels after adding another 274 points to its previous closing values.
Broader markets outperformed the benchmark as Mid and Small cap indices gained over 2% each.
All sectoral indices, barring FMCG, settled in green. Amongst them, Auto, IT, Metal, Realty, Oil & Gas along with Private as well as PSU bank index rose over 2% each.
Technically, Nifty index witnessed a bullish breakout above 23900 spot levels, setting up targets in range 24350-24500 spot levels. Going ahead, we suggest to continue with cautiously bullish approach till it is trading above 23550 spot levels on closing basis.
Derivatives Overview & Outlook
Yesterday, Nifty and Banknifty futures added around 2% and 19% of open interest respectively as long buildup along with some short covering in Finnifty and Midcapnifty futures that shed around 6% and 2.5% of open interest respectively.
All F&O sectors, barring Nifty FMCG, settled higher. Amongst them, Capital Goods, Chemical, Pharma and Power stocks witnessed maximum addition of long positions along with some short covering in Oil & Gas and Textile stocks.
On option front, put writing along with some call addition was seen at multiple strikes. Maximum positions are at 24000 PE and 25500 CE followed by 25000 CE.
Institutional Trading Activity
Yesterday, FIIs bought stocks worth Rs 1970 Cr in the cash segment, bought index futures worth Rs 1099 Cr also bought stocks futures worth Rs 313 Cr. DIIs were net buyers in the cash segment to the tune of Rs 247 Cr.
Nifty Futures, Banknifty Futures and Finnifty Futures Key Levels
Nifty – Resistances 24220-24350; Supports 24020-23800
Banknifty – Resistances 55500-55800; Supports 55000-54500
Finnifty – Resistances 26500- 26600; Supports 26300-26200
F&O Security in Ban Today: ANGELONE, HINDCOPPER, IREDA, MANAPPURAM, TATAELXSI.
Important Results Today: AUBANK, CYIENTDLM, DELTACORP, HAVELLS, HCLTECH, M&MFIN, TATACOMM.
Disclosure
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