Street signs: Mkts see Santa's smile, hotel stocks to gain further, & more

After closing three weeks with losses, the benchmark indices ended the last week of 2022 with gains

T+1 deadline for F&O stocks will see no further extensions

The new year will mark a transition of all futures and options (F&O) stocks to a T+1 (trading plus one day) settlement to bring in operational efficiency. Earlier it was planned in two tranches - the first to begin in December 2022. Foreign portfolio investors (FPIs) have been at odds with the regulator over the shift to a shorter trade settlement cycle. However, industry sources say there will be no further extension as the year has been provided already. “Custodians are working on the system. Eventually, they will have to