Analysts, however, said a sliver of positive news could result in a huge rally, given the massive bearish sentiment.
The value of calls sold exceeded that of puts by a record ₹8.43 trillion on Wednesday, according to IndiaCharts. These include index and stock call and put options on the NSE, the country's largest stock exchange.
In the past, whenever the value of calls sold has exceeded that of puts by a wide margin, markets have made a bottom.
This story is from the December 19, 2024 edition of Mint Hyderabad.
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This story is from the December 19, 2024 edition of Mint Hyderabad.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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