Commenting on the F&O expiry, Amar Ambani, Head of Research, IIFL, said, “Nifty futures rolled 67%, which were almost in line with average roll-overs while, Bank Nifty rolled 64% to the next series (provisional data). The push by SEBI to increase the minimum lot size from Rs. 2 lakh to Rs. 5 lakh led to lower market wide rollovers, which stood at 74% as against one year average of 82%. With retail participation likely to reduce in the F&O segment, we expect wild gyrations to continue in the next few weeks.”
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