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State Bank of India could attract up to $466 million in passive inflows if the foreign investment limit for public-sector banks is raised from 20% to 26%, Nuvama Institutional Equities said. The move would allow higher MSCI index weightings. The government is reportedly considering the change as part of reforms to boost capital while retaining at least 51% public ownership in PSBs.
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Hindustan Copper shares surged sharply after global copper prices spiked due to a production halt at Grasberg, the worlds second-largest copper mine in Indonesia. The mine suspension, caused by a fatal mudflow, tightened global supply and pushed copper futures to 15-month highs.
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Sebi has intensified scrutiny of the options market following surveys highlighting significant retail losses. The regulator floated the idea of extending derivative contract tenures last month and recently introduced measures such as delta-based open interest calculation. These changes could impact major market participants, potentially moderating trading volumes and reducing volatility, while Kamath acknowledged possible restrictions on weekly options or stricter suitability norms.
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