ET NEWS

Mumbai: As stock exchanges shift to new expiry days for their derivative contracts this week, traders are bracing for a shake-up in the market patterns that they have been accustomed to for years.The National Stock Exchange's weekly and monthly derivatives contracts will now expire on Tuesdays, replacing long-followed Thursday expiries. Instead, Bombay Stock Exchange's contracts will expire on Thursdays from this month."This change will shift the rhythm of the weekly derivatives market," said Puneet Sharma, CEO and fund manager at Whitespace Alpha.123644355"With NSE's weekly expiry moving to Tuesday, we'll see more activity and sharper moves earlier in the week, especially on Mondays and Tuesdays. Essentially, what used to be the 'Thursday rush' now moves forward in the week, and that will become the new normal."Since Nifty derivatives are more widely traded than Sensex contracts, NSE's earlier expiry day of Thursday had seen heavier volumes accompanied by sharp swings. The expiry shifts by the exchanges follow Securities and Exchange Board's diktat to bourses to restrict the expiry days to either of the two days: Tuesday or Thursday. This is after exchanges kept separate expiry days for each contract, which resulted in heightened volatility in the market, forcing the regulator to step in.

Mumbai: India's equity benchmark bounced back on Monday after three sessions of losses as better-than-expected GDP data triggered a rebound in an oversold market. Analysts said, however, that the overhang from US tariffs, currency weakness, and subdued earnings expectations could keep gains under check.The NSE Nifty finished at 24,625, up 0.8%, or 198 points. The BSE Sensex closed at 80,364, 0.7%, or 554 points higher. Both indices fell around 1.5% in August.The Volatility Index (VIX) - the market's fear gauge - dropped 3.9% to 11.29 on Monday, in line with the market rebound."Benchmark Nifty fell a lot in the last three trading sessions, which led to a technical bounce in oversold markets," said Rohit Srivastava, founder, indiacharts.com. "In the near term, there is a downward risk towards 23,800 levels since the earnings growth is expected to be muted, despite the GDP numbers."123644317The broader market ended stronger than the blue chips with the Nifty Mid-cap 150 and the Small-cap 250 indices advancing 1.7% and 1.4%, respectively, on Monday. Out of the 4,380 shares traded on BSE, 2,705 advanced, while 1,495 declined.In the past week, the mid-cap and small-cap indices dropped 1.5% and 1.9%, respectively.All sectoral indices closed higher except the media and pharma indices. Nifty Auto and consumer durables indices gained 2.8% and 2.1%, respectively. Nifty Metals and IT indices rose 1.6% each, while the oil & gas index advanced 1.4%.Srivastava said the tariff threat from the US led to weakness in the rupee, which is a macroeconomic risk that could keep a lid on the gains. FPIs sold shares worth a net ₹1,430 crore on Monday. Their domestic counterparts bought shares worth ₹4,345 crore.. In August, global investors dumped shares worth ₹41,908 crore.

Mumbai | Kolkata: Several clothing retailers from Marks & Spencer and H&M to Zudio and Lifestyle are facing short supplies in their stores nearly three months after India banned road imports of readymade garments from Bangladesh, industry executives said.Readymade garments from the neighbouring country are now allowed only through seaports of Kolkata and Nhava Sheva in Mumbai. While the policy change has led to delays of 2-3 weeks in merchandise sourcing, especially in lower-priced fashion, the impact is felt now as retailers start stocking fresh collections alongside end-of-season sales."The shortfall is more visible now," a senior executive at a global apparel brand said on condition of anonymity.Bangladesh, the world's second-largest exporter of garments after China, is a crucial supplier for Indian brands, especially in the affordable segment.The Directorate General of Foreign Trade (DGFT), in a directive issued on May 17, prohibited imports of all kinds of readymade garments from Bangladesh through land ports.Most retailers including Lifestyle, Reliance and Aditya Birla have been gradually shifting some of their production domestically after the policy shift."While we have shifted some of our sourcing within the country, there are a few categories which we import from Bangladesh and have been delayed due to the policy change," said Devarajan Iyer, chief executive officer of Lifestyle International, India's biggest departmental chain. "We will have to plan ahead to ensure steady supplies of fresh merchandise to minimise its impact on sales."Rahul Mehta, chief mentor of Clothing Manufacturers Association of India (CMAI) and managing director of garment sourcing firm Creative Garments, warned that while cost will increase by 3-5% due to higher shipping costs, the impact will not be immediate as many Indian buyers had secured contracts few months in advance."However, smaller traders and grey market operators, who depend heavily on quick and low-cost supplies from Bangladesh, are expected to get impacted due to the policy shift," Mehta said.The move has led to significant delays in inventory replenishment, especially in the affordable fashion segment."Imports of readymade garments from Bangladesh have dwindled by 25% year-on-year," said Sanjay Jain, managing director of textile and apparel firm TT Industries and chairman of the textile expert panel of the Indian Chamber of Commerce. "These are garments which are priced lower than ₹1,000 and are sold by local retailers and brands."India imported apparels worth $254.44 million from Bangladesh during January-June 2025, up 3.5% from $245.84 million a year earlier, according to data from International Trade Centre (ITC) and Confederation of Indian Textile Industry (CITI).