The National Stock Exchange (NSE) has expanded its futures and options (F&O) segment by adding 45 new stocks, effective November 29, 2024, increasing the total to 223. This inclusion, following SEBI’s revised criteria, aims to enhance liquidity and market participation, featuring notable stocks like LIC, Jio Financial Services, and Zomato. Analysts anticipate that this move will boost trading volumes and improve price discovery for these stocks.
BSE Ltd has revised the price band of 44 stocks, including Adani Total, LIC, Zomato, and Paytm, to 10%, effective November 29, 2024. This change applies to various companies across sectors, aiming to standardize trading limits. The full list includes notable firms like DMart, Yes Bank, and Jio Financial Services.
Nifty PSU Bank index surged 7% over two days, driven by strong performances from SBI, Central Bank, PNB, and Bank of Baroda, following the BJP-led Mahayuti alliance's victory in Maharashtra elections. This rally occurred amid a positive market sentiment, with benchmark indices Sensex and Nifty also gaining up to 5%.
Investor optimism in PSU shares has surged following the BJP-led Mahayuti alliance's victory in the Maharashtra assembly elections. Sunil Subramaniam noted that the alignment between the Centre and the Maharashtra government is likely to enhance policy implementation and government spending, contributing to a nearly 3% rise in the BSE CPSE index, driven by gains in railway PSUs and banks like Central Bank and Indian Bank.
The Financial Services Institutions Bureau has recommended Binod Kumar as the new Managing Director and CEO of Indian Bank, as per a government notification. Currently an executive director at Punjab National Bank, Kumar will succeed S L Jain upon his retirement next month. The Bureau evaluated 15 candidates before making its decision, highlighting Kumar's performance and experience.
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