Equity indices dropped nearly 1% due to heavy selling in major stocks. TCS fell 1.6%, Tata Elxsi declined 0.4%, and IREDA plummeted 3.4%. Analysts advise against purchasing TCS and Tata Elxsi but recommend buying IREDA with a target price of 245 and a stop loss at 208.
Sebi relaxes F&O monitoring norms for intraday limits, removes penalty for breach
Sebi has mandated exchanges to monitor at least four intraday position limits for index derivatives starting April 1, 2025. While breaches won’t incur penalties yet,