[ad_1]
Sebi should review its proposals on the regulation of investment advisers
The Securities and Exchange Board of India (Sebi) is likely to rethink most of its recent proposals to change the regulation of investment advisors, after the intervention of the community of distributors, including banks . The regulator had presented a consultation paper in January, proposing a general ban on individuals and their relatives who act as distributors to offer advice. READ MORE
Market verification
Index
Current
Pt. Change
% Change
S & P BSE SENSEX
35 360.56
+96.15
0.27
S & P BSE SENSEX 50
11,197.70
+26.16
0.23
S & P BSE SENSEX Next 50
31733.46
24.34
0.08
S & P BSE 100
10,955.85
+23.06
0.21
S & P BSE Bharat 22 Index
3,295.14
+6.12
+0.19
(Source: BSE)
INTERVIEW OF THE DAY The market correction is not due to the new rules of Sebi: CEO, Edelweiss AMC
Equity markets, particularly mid-cap and small-cap stocks, experienced a sharp decline in prices. Some blame the new categorization standards of the Securities and Exchange Board of India to proceed with liquidation.
In an interview with Jash Kriplani, RADHIKA GUPTA, CEO of Edelweiss Asset Management, talks about the issue and plans for his company's growth. CLICK HERE FOR MORE
Sebi charges ICICI Prudential MF to repay Rs 2.4 billion to five schemes
The Securities and Exchange Board of India (Sebi) issued a directive to ICICI Prudential Mutual Fund (MF) for violating MF 's code of conduct by making a significant investment in the initial public offering. savings of its group company ICICI Securities. The investment allowed the IPO to meet a minimum underwriting requirement, without which it would have failed.
The market regulator has ordered the fund home to repay Rs 2.4 billion with an annual interest of 15 percent to five MF schemes that have invested in the IPO. READ MORE
F & O Strategies
JUBLFOOD JULY FUTURES: Buy around 1410-1412 for a potential upside potential of 1450 with a stop below 1385 (spot levels)
RELCAPITAL JULY FUTURES: Sell around 370-372 for a potential downside potential of 352 with a stop loss above 380 (spot levels)
COVERED AT JINDALSTEL: Sell a lot of JINDALSTEL JUL FUT @ 207-208 and Sell a lot of JINDALSTEL JUL 190 PE @ 5.50-6 | Maximum profit: 50625 | Max Loss: Unlimited over BEP | BEP: 212.50 | SL positional: 220 (spot levels)
(Source: Karvy) Clever sectoral trend
Markets are trading marginally even though global markets fell on Tuesday. Asian stocks fell on Thursday in a timid move as confidence remained fragile in the face of tense trade relations between the US and major economies, as investors prepare for another potentially difficult day for Chinese markets.
MSCI Asia-Pacific ex-Japan indices fell 0.66% early in the day, while Japan's Nikkei average was little changed.
In China, the Shanghai Composite Index lost 0.23 percent and the CSI300 index fell 0.19 percent.
The Shanghai Stock Exchange fell more than two years on Monday, and the yuan fell On July 6, when the United States will impose a $ 34 billion rights of goods from China, the epicenter of A trade conflict between Washington and the major economies that has disrupted the financial markets In Canada, output growth in the eight major industries fell to a low of 3.6% in May, due to the drop in the pace growth of steel, cement and the contraction of crude oil and crude oil.
This could have a negative effect on the Industrial Production Index (IIP) since the base industries have a weighting of 40% in the index.
