Regulatory Curbs Sink Equity Derivative Trading Volumes in India
Live MintBefore the trading day starts we bring you a digest of the key news and events that are likely to move markets. Bernstein and IIFL diverge on Nifty outlook Sanford C. Berntsein’s optimistic call on Indian stocks bottoming out was met by IIFL Securities’ view Thursday that the Nifty 50 index still has more room to fall. New rules cool equity derivatives market December marked the first full month since the regulatory curbs on equity derivatives took effect in India, and the impact is already evident. However, social media posts this week about fewer tourists in Goa on New Year’s Eve suggest high room rates may be starting to pinch consumers. Shares of Domino’s Pizza franchisee Jubilant Foodworks hit a three-year high on Tuesday, but this rally may not reflect a broader turnaround in sentiment for India’s quick-service restaurant sector.