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Indian wages contracted last quarter for the first time since the pandemic. This curbed consumer spending and led to weaker corporate profits among major companies like Maruti Suzuki and Hindustan Unilever. The slowdown poses challenges for the governments growth goals. Opposition parties criticized the government for ignoring the economic difficulties of the middle class.
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Current Nifty rollovers are higher than 72.9% in the previous expiry and the three-month average of 76.4%, said Rajesh Palviya, head of technical and derivatives research at Axis Securities.
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The regulator said, in case of technical glitch, the affected exchange would have to intimate about the invocation of the instant business continuity mechanism to the alternative stock exchange and Sebi within 75 minutes of occurrence of impact.
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News and Media
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