The rollover in Nifty futures to August was about 80% against the three-month average of 79%, according to provisional data. A rollover happens when a trader closes the position before expiry and opens a similar new position in the next month’s contract. The process happens only in futures contracts.
Asia stocks hold steady as more rate cuts loom
Asian stocks remained steady on Monday as investors awaited central bank meetings expected to result in two more rate cuts and key U.S. inflation data.