breaking news Reaction to withdrawal of Rs 2,000 notes expected on Nifty 50, Nifty Bank
Despite Friday’s gains, the Nifty 50 put-call ratio, which is a sentiment indicator, fell below 1 for the first time in a month.
The Nifty 50 ended a three-week winning streak on Friday despite ending the last week of trading with gains. The index is now flat year-to-date, just slightly above the 18,197 mark.
This week will also be the last week of the May F&O series. The Nifty 50 has earned over 150 points in the series so far. The last time the Nifty 50 won in back-to-back F&O series was in October and November 2022.
Despite Friday’s gains, the Nifty 50 put-call ratio, which is a sentiment indicator, fell below 1 for the first time in a month. A put-call ratio greater than 1 indicates bearish sentiments in the market and vice versa.
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