Tuesday 7 April 2015

(RBI) reviewed its monetary policy stance || Daily News Updates by Moneymaker Research


For the second time in a row, the markets have lost ground after the Reserve Bank of India (RBI) reviewed its monetary policy stance. The benchmark indices - the S&P BSE Sensex and the CNX Nifty - lost 0.7% each at 1250PM at 28,324 and 8,603 levels.

Nifty April 2015 futures closed at 8711.30 on Tuesday at a premium of 51.00 points over spot closing of 8660.30, while Nifty May 2015 futures ended at 8761.05 at a premium of 100.75 points over spot closing. Nifty April futures saw a contraction of 0.04 million (mn) units, taking the total outstanding open interest (OI) to 18.55 million (mn) units.

Highest open interest has been seen in 8800 and 8700 strike price for call option and in 8500 and 8600 strike price for put option.  

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