

Bank Nifty set for sharp rally amid ceasefire, RBI policy decision
₹2980 a share (30 shares make one contract) , implying a range of 49720- 55680 from yesterday through 28 April when the contracts expire.That works out to an 11.3% range over Tuesday's closing. Any breach of this range will expose them to huge losses.The Bank Nifty comprises 14 stocks led by HDFC Bank, ICICI Bank , Axis Bank , SBI and Kotak Mahindra Bank. Ram Sahgal is a deputy editor at Mint.
He has over 20 years of experience in journalism, with previous roles at The Intelligent Investor, Bombay Times, The Economic Times, and The New Indian Express. Between his media roles, he briefly worked at a commodities exchange before returning to his true passion, business journalism. Ram graduated in liberal arts from St Xavier’s College, Mumbai, where he studied films, which explains his move to Bombay Times, where he covered the film industry during the rise of Sunny Deol and Sanjay Dutt.
He took a leap of faith to transfer to The Economic Times, and thanks to his restless mind, later moved to cover the commodities beat. Over the past three years, Ram has been tracking the stock markets at Mint. His focus areas include writing about market infrastructure institutions, brokerages, derivatives, and related regulations.
His hobbies include spotting trains and understanding the locomotives that power them. In his free time, he takes his octogenarian mother out for drives and goes to the cinema with her on weekends. If he has a dream, it is to write a screenplay for a movie.
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