Indian stock markets experienced a significant downturn on Monday, with major indices falling sharply and erasing substantial market value. This decline was attributed to escalating West Asian hostilities and global uncertainties. However, a potential relief rally is anticipated for Tuesday following conciliatory remarks from the US President regarding Iran.
Explained: How BSE traded fewer contracts after CAS but premiums rose 75% in first week
BSE’s derivatives activity fell sharply in the first week of the Closing Auction Session, but higher premiums more than offset the decline in contracts. Premium