MUMBAI: Equity markets have come a full circle since the announcement of demonetisation of higher denomination notes on November 8 last year. Rollover activity suggests the market is moving towards the Budget day with optimism.“The put-call ratio is close to year high levels. Bank Nifty posted its biggest one-day gain since November 10, ending up 2.4 per cent at 19473.20. The roll cost for Nifty was 14 basis points compared to average of 41 bps in last three expiries. Overall, high rollovers were seen with long side bias."

Source: Economic Times January 26, 2017 09:39 UTC