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“As an Indian investor, we are always worried that even though the Nifty might do 15%, if my currency depreciates by 5-10%, my net returns in dollars are low. That is the point I have argued many times. Maybe after the US recession, we will enter a setup where INR assets, both bonds, credit as well as equities would actually look better than dollar assets. ”

The Future and options contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide position limits or MWPL. The ban on it is reversed only if the open interest falls below 80%.

“There is a possibility of the US economy heading for a slowdown in 2024. How far and to what extent the slowdown will be is a matter of debate because the US is also poised for elections in November 2024. So that will also be taken into account by the markets. The decline in yields is giving enough hints that all is not well for the global economy in terms of growth momentum.”

Positive setup was seen in stocks like Tata Power, IEX, Container Corporation, India Cement, MGL, MCX, Zydus Life, LIC Housing Finance, BEL, Voltas, BHEL, etc.

The decision to leave rates unchanged was unanimously voted by the 6-member MPC panel, while the need to retain the stance was voted by 5 out of 6 members.

A total of 8,716 shares changed hands on the counter till 10:10AM (IST)

Also, urban and metropolitan markets account for 80% of term deposits, indicating the skewed nature of the deposit mobilisation pattern in the country. Metropolitan markets are those with a population of over one million and urban centres with over 100,000 population.

REITs are vehicles that own and operate income-producing properties mainly office spaces and commercial real estate. Investors, who put money in REIT units, get dividends in addition to the capital appreciation in listed units. Unitholders hold REITs for a mix of dividends and capital appreciation.