Nifty futures ended down by 6.12% at 21975 levels, with India VIX surging by 27.75%. Options data indicates major Call OI at 23000 and 22500, and significant Put OI at 21000 and 21500 strikes.
What does a rate cut after 5 years mean for the economy? Dinesh Kumar Khara explains
Dinesh Kumar Khara emphasizes that the adoption of the repo rate as an external benchmark by banks will ensure quick transmission of policy rate changes