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However, it remained on track for a fourth straight monthly loss of 1.5%, pressured downward by expectations that the Fed was nearing the end of its rate-hike cycle and that interest rates would not have to rise as high as previously feared.

In a detailed point-by-point rebuttal, the group maintained that the charges levelled in the report appeared to be "selective and manipulative presentation of matters already in the public domain to create a false narrative". It also shows complete ignorance or deliberate disregard for applicable legal and accounting standards as well as industry practices, the group said.

China resumes business this week after its Lunar New Year holidays. The number of passengers travelling prior to the holidays rose above levels in the past two years but is still below 2019, Citi analysts said in a note, citing data from the Ministry of Transport.

In response to a 106-page report by Hindenburg, the Gautam Adani-led conglomerate has issued a 413-page long response answering all the 88 questions asked by the US-based research firm. Hindenburg took “short positions” and then, to effect a downward spiral of share price and make a wrongful gain, Hindenburg published a document to manipulate and depress the price of stock, and create a false market," Adani said.

India’s stocks now account for more than 14% of MSCI’s emerging-market equities index, trailing only China, after it surpassed the weightings of Taiwan and South Korea last year. Morgan Stanley predicts India’s equity market is set to be the world’s third largest before the end of the decade. The downfall of one of India’s most-sprawling businesses could be what holds the nation back as it competes against China as an investment magnet.

From the rollover perspective, Nifty has started the new series with six-month low open interest ahead of crucial events. At the same time, Nifty near month premium remained on higher side amid high VIX (17%), which need to be subside significantly from current levels. We believe post events, we may see decline in volatility and premium both, which should provide support to the market.

In the equity segment, exchange traded funds (ETFs) daily average turnover stood at Rs 470 crores in CY2022, an increase of 51% YoY. Sovereign Gold Bonds daily average turnover in the secondary market stood at Rs 7 crores in CY 2022, an increase of 59% YoY. Government securities which have been made available in the equity segment of NSE is also seeing significant growth, albeit on a lower base with volumes touching a daily average turnover of Rs 3 crores in the last month.

"I am a Nifty Bank option seller but whenever I find momentum in Nifty, I buy Nifty futures. The strategy there is to hold for 2 months. Sometimes if the market is trending, you may not get anything by selling options. Then you have to sell in the money option or buy options with the right position sizing. Mostly, in a mild market, non-directional option selling works. But if the market is trending, then I am ready to go in futures or option buying as well."

"It is widely acknowledged that India remains at risk tactically because of the need to fund increased positions in China but there is widespread agreement that India remains the best long-term equity story in the Asia and emerging market context. To deal with this conundrum, investors seem to be reducing exposure to high PE Indian consumer discretionary stocks rather than reducing core bank holdings. This makes sense to GREED & fear, most particularly as Indian banks are looking cheap relative to the Indian market."

In 2020, the government realised the lacunas of the previous initiatives, came back to the drawing board alongside the ministries and drafted the Production