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Sachin Saluja, a CA student in 2014, became interested in finance after attending a class on derivative trading in Delhi. Eventually, his passion for trading overtook his interest in finance and he is now a full-time trader, earning 90-95% of his profits by betting on index falls, known by the community as a "bear". Saluja uses directional trading and focuses more on bearish trades as down moves are faster. His trading strategies have given him consistent profits.

The Securities and Exchange Board of India (SEBI) proposed in a consultation paper late on Sunday that if a share in the futures and options segment falls or rises by 10% a day, trading would be suspended for an hour, up from the current 15 minutes, and then allowed to move only a further 2%, down from the current 5%.

InterGlobe Aviation, SpiceJet, Jet Airways, and Global Vectra Helicorp are companies listed on Indian stock exchanges. InterGlobe Aviation has a 55.7% market share, SpiceJet has 6.9%, and Jet Airways is currently non-operational due to financial problems. Emkay Global Financial Services has recommended purchasing shares of InterGlobe Aviation with a target price of Rs 2,700. The last traded price of its shares was Rs 2,264.35. Global Vectra Helicorp issued shares for Rs 185 but its last traded price was Rs 59.45. SpiceJet was traded at Rs 29.20 with a 52-week high and low of Rs 52.45 and Rs 26.35, respectively.

The Reserve Bank of India (RBI) is expected to maintain its pause on monetary tightening through FY24, despite markets anticipating rate cuts. Soft inflation, real policy rates above 1%, easing external balance pressures and global monetary tightening at its peak have signaled a dovish turn by the RBI MPC, but concerns over monsoon and oil prices and resilient growth could cause further pause. Liquidity conditions are expected to ease in 2QFY24 with government spending trends continuing, but tighten yet again in 2HFY24 with seasonally higher currency in circulation leakage. The focus is on how the RBI will manage liquidity conditions and policy stance.

Six of the top 10 most valued companies witnessed a decrease of Rs 70,486.95 crore in their market valuation last week. The weak trend in equities caused Reliance Industries and Tata Consultancy Services (TCS) to suffer the biggest loss. ICICI Bank, Hindustan Unilever, Infosys and Bharti Airtel were the only gainers while Reliance Industries continued to dominate the list of most valued firms followed by TCS, HDFC Bank, ICICI Bank, Hindustan Unilever, Infosys, ITC, State Bank of India, HDFC Bank, and Bharti Airtel.

Several popular companies such as ONGC, M&M, Vodafone Idea, HUDCO, Shree Cements, BPCL, LIC, Nykaa, and Hindalco among others, are expected to release their quarterly earnings report later this week. The list of companies to report their results on each day include names such as Ashok Leyland, Sun Pharma, Aditya Birla Fashion and Retail, Grasim Industries, Radico Khaitan, Finolex Industries, and Hindustan Tin Works amongst others, during the period of May 22-27.

"When it comes to determining the price of an option, the current market price of the underlying asset is the key factor. When it comes to call options (right to buy), as the market price of the underlying asset rises, the value of the call option usually follows suit. Conversely, for put options (right to sell), as the market price of the underlying asset drops, the value of the put option generally increases."

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Going into the debt ceiling, if you look at 2011 when we had the last big fracas where the US lost its AAA rating, the S&P 500 went down 20%, the bond yields went down by 120 bps from 3% to 1.8%.

"It is a necessary and desirable move because it accelerates the exit of the 2000 rupee notes, especially those that are in storage. Because there has been no printing of these notes since 2018-2019, their quality has been deteriorating and therefore, it is a necessary and desirable step."