Positive setup was seen in HPCL, Ambuja Cement, Eicher Motors, BPCL, ICICI Bank, IOC, GAIL, Canara Bank, REC, L&T, HDFC Bank, DLF, Bajaj Auto, Bharti Airtel, etc, among others. Since it is the beginning of the new expiry, Options data is scattered at various strike prices. On the weekly options front, the maximum Call OI is placed at 21,000 and then towards 20,700 strikes.
Market expects one more rate cut as inflation stays benign
Indian economists and bond market experts expect another quarter percentage point cut in policy rates. This follows the Reserve Bank of India’s recent rate reduction