Daily Brief Financials: NIFTY Index, Hopson Development and more

• Indian markets to implement T+0 settlement cycle starting 28-March-2024. Phase-wise transition planned .
• Upcoming long weekends causing drastic markdown in IV levels. This combined with “High & Down” vol regime – short gamma/ short vega trades recommended.  
• Contango shape of Volatility curves are an additional reason to be short gamma & earning theta

Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.

• China Vanke
• Hopson Development