It was a day of rapid developments. SEBI finally brought in the much-anticipated change in F&O rules. The US markets ended the day in the red. Middle East tensions deepened. And the Gift Nifty was trading with a cut of more than half a percent. There is thus a high probability that when the market opens for trade on Thursday, it will be another day of decline. If there is any institutional-based selling, then even bank stocks could come under pressure. If not, it is likely that it will be the banks that play a role in any recovery – as and when it takes place. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components – earnings, fundamentals, relative valuation, risk, and price momentum – to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.
