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Aggressive new long positions in a stock indicates a bullish sentiment in the market, as the average traded and delivered quantity for 5 days along with the cumulative open interest and price for the underlying stock have increased.​

Oil prices increased slightly on Monday due to a weaker dollar and supply cuts made by Canada and OPEC+ producers. Brent crude futures rose by 0.2% to $75.72 per barrel, and U.S. West Texas Intermediate crude rose 0.2% to $71.84 per barrel. Last week saw gains of around 2% for both oil benchmarks, following Alberta fires, which cut off a significant amount of crude supply in Canada, and voluntary OPEC+ production cuts. A lack of crude supply may threaten the success of a new Nigerian facility, the Dangote Petroleum Refinery, where oil rig counts have reduced in the U.S.

Das met the board of directors of all public sector banks in New Delhi to discuss issues related to leadership and governance, and drive growth and sustainability. In a statement, the RBI said the governor acknowledged the role played by the banks in supporting the economy and maintaining resilience along with improved financial performance in the face of several adverse shocks in recent times.

The Reserve Bank of India (RBI) has said that banks should follow existing guidelines, leaving them to decide their own strategies while accepting ₹2,000 notes for exchange.

NHB is set to issue three-year non-convertible debentures (NCD) maturing in July 2026 with a base size of ₹500 crore with a green shoe option of ₹1,500 crore, sources aware of the development said. Bidding for the bonds will likely take place on May 24.

Mining company Vedanta has declared a 1,850% interim dividend for the financial year 2023-24, totalling Rs 6,877 crore. The dividend would be given as per law, the company said. Vedante reported poor Q4 profits, hit by declining metal prices as revenue from its core aluminium business dropped to 33% from 39% on year.

JPMorgan Chase expects to see its net interest income rise by $3bn after acquiring First Republic Bank, which was closed by regulators earlier this year. The bank now predicts its net interest income will increase to $84bn by 2023, up from a previous estimate of $81bn. The acquisition will also add $3.5 billion in integration costs to its expenses this year. JP Morgan is optimistic but warned of sources of uncertainty and challenges resulting from rising interest rates, inflation and the erosion of savings buffers by consumers. It also plans to modestly increase its number of branches.

Adani Group stocks moved sharply in Monday’s trade to rally up to 18%. ​

Benchmark equity indices in India rose for the second consecutive session, driven by strong performances from index heavyweight Reliance Industries and IT stocks. The 30-share BSE Sensex rose 234 points to settle at 61,963.68, while the Nifty surpassed the 18,300 level. Despite strong market gains, caution is advised around the important retracement resistance zone. Experts recommend buying Maruti Suzuki Futures and Infosys Futures, due to bullish indications and patterns on daily and 4-hourly time frames.

The Reserve Bank of India (RBI) has said that movements of government bond yields over recent quarters are a signal of neutral financial conditions, which could allow businesses to raise long-term debt resources more easily and benefit the Indian economy. The flat yield curve suggests inflation expectations have been re-anchored. While the near-term yields reflect slower growth in 2023-24, RBI expects a moderate 6.5% real GDP growth in 2023-24, down from the 7% rate in 2022-23. The RBI said it sounded positive for private capex decisions, as businesses look to raise long-term resources.