Bear squeeze in options may set stage for gains

boost to market sentiment came after the GST Council's 56th meeting on 4 September simplified the indirect tax to a twoslab structure of 5% and 18% from four slabs earlier, effective 22 September.

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While the fiscal tax sop resulted in the Nifty 50 gaining 2.7% to 25,423.6 from the Council's meeting through 18 September, the benchmark began to slip a day later.

The Nifty 50 recorded a 3.2% dip to 24,611.10 through 30 September, following US President Donald Trump's proclamation of a onetime $100,000 payment on new H-1B visa petitions, aimed largely at Indian software professionals who account for 70% of such visas.