MESSAGES

Market will react to Israel - Iran war escalation which is termed proportionate response but USA warned IRAN not to respond. It is high time that GoI wakes up and does something more for production of oil and gas in D6. ONGC has started small production but why not encourage RIL and BP and withdraw all the silly road blocks. The consortium was willing to drill two kilometres deep and other infrastructure is readily available. What has GoI to lose. There is a lot of unnecessary and useless ego crash.

However, derivatives adjustment will take place from Monday only

No impact on nifty to the extent of half of bonus shares which will be credited on Wednesday. Nifty will trade considering weigh of 2 shares of ril

Nice observation but I don’t think there will be any impact on the NIFTY only your portfolio will be half so that you won’t be able to trade much. Also anyone selling at that price will not have much impact for next two days. Maybe blessing in disguise.

I little amused to see being Monday is ex date for bonus and no bonus shares will be available for market and price gets reduced to half how and where does the Nifty index will get opened because of reduction in valuation due to price reduction. RIL has big weightage on Nifty index. Any view welcome for academic interest.