GulfHindi English Desk: The Indian stock market is witnessing a remarkable surge in trading activity. Despite investors’ buying, the continuous rise in the stock market on the day of weekly expiry indicates that the market rally will continue. The Sensex opened with a jump of 377 points, while the Nifty started trading at 19,495 with a gain of 111 points. The Nifty has reached an all-time high of 19,567.
However, the Indian share market closed on Wednesday with a significant sell-off in the last hour. Although the market situation showed signs of a rally today, it ended up disappointing.
In other news, there have been significant changes in the National Stock Exchange’s rules for investors trading on the exchange. The trading time has been reduced, allowing investors more time to analyze their investments.
Here are the highlights:
👉Sensex started trading with a gain of 377 points.
👉Nifty started at 19,495 with a gain of 111 points.
👉The market closed on a bearish note, with Sensex falling 223.95 points to 65,393.90.
👉The National Stock Exchange has reduced trading time.
👉Nifty Bank weekly index options will now expire every Wednesday instead of Thursday.
👉Monthly contracts will expire on the last Thursday of the month.
👉Nifty Bank expiry contracts have remained unchanged for 4 weekly, 3 monthly, and 3 quarterly contracts.
👉Expiry days for September will be the first three Wednesdays and the last (monthly) will be on Thursday.
These changes will provide investors with more flexibility in managing their investments.
en.gulfhindi.com News Summary
👉The stock market is experiencing a surge despite investor buying on the weekly expiry day, indicating a sustained rally in the market.
👉Sensex opened with a 377-point jump, while Nifty started at 19,495 with a 111-point increase. Nifty has reached an all-time high of 19,567.
👉The Indian stock market closed with a significant decline due to strong selling pressure in the last hour of trading. However, the market’s bullish trend has boosted hopes.
👉The National Stock Exchange has introduced new rules that reduce trading time, giving investors more time to think.
👉The market highlights include a 377-point increase in Sensex, a 111-point increase in Nifty, a decline in the market due to selling pressure, and changes in trading time in the National Stock Exchange.
👉Other changes include the weekly expiration of Nifty Bank options on Wednesdays instead of Thursdays and the weekly expiration of all contracts on Wednesday instead of their respective expiry days.
👉The Nifty Bank expiration contracts will not undergo any changes in their four-weekly, three-monthly, and three-quarterly cycles, while the expiry day for all contracts will be on Wednesdays in September, with the final (monthly) expiry on Thursdays.
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