In August, HDFC Bank experienced short covering and a 96% rollover, while SBI saw a significant short build-up and a 95% rollover. The Bank Nifty rose 0.5% to 50,889, but the PSU Bank index fell 2.6%. Nifty 50 climbed 3.1% with a 77% rollover.
Life Insurance Corporation of India will not sell its stake in the National Stock Exchange’s IPO. LIC holds a significant 10.7% stake in NSE. The
Zee Entertainment Enterprises pulled off a surprise win by securing India’s broadcast and digital rights for multiple FIFA events through 2034, including the FIFA World
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