The benchmark indices began the August F&O series in a spectacular manner on hopes of a rate cut by the Reserve Bank of India at its policy meet on August 4.
The roadmap unveiled by the government for recapitalisation of PSU banks, encouraging Q1 results from heavyweights such as ICICI Bank, the cabinet nod for an amended GST bill and favourable cues from the Asian front further bolstered the positive sentiment on Dalal Street.