Hi there! From ETMarkets.com, this is Abhinav Kaul with Your Evening Briefing.
LET’S START WITH THE TOP HEADLINES AT THIS HOUR
>> Sebi has tightend disclosure norms for pledged shares, approved DVR framework for tech startups and reduced sectoral cap for liquid funds
>> The markets regulator said it does not recognise standstill pacts between promoters and mutual funds
>> Monsoon rains were 24% below average this week, IMD has said.
>> Finance ministry has demanded that the EPFO cuts the 8.65% annual return it was planning to offer about 85 million member workers
>> Bitcoin’s price skidded 12% after hitting an 18-month high of nearly $14,000 earlier this week
Now, a quick look at what happened in the stock market.
Sensex settled 5.67 points down at 39,586. Likewise, the 50-share Nifty closed 6 points down at 11,841.
The market breadth leaned in favour of the buyers.
BSE Midcap jumped 0.36 per cent and BSE Smallcap 0.53 per cent, outperforming benchmark Sensex.
Vinod Nair of Geojit Financial Services will take us through market fundamentals.
Nifty50 settled June series f&o contracts on a flat note. The index formed an indecisive ‘Spinning Top’ on the daily chart.
We have Milan Vaishnav of Gemstone Equity Research and Advisory to decode the charts and derivatives segment.
What’s the outlook for tomorrow’s session? Milan will answer that.
That’s all for now, folks. Do check out ETMarkets.com for detailed market analysis and download the ETMarkets app on your phone for round-the-clock market coverage, investment tips and dozens of stock recommendations. Have a pleasant evening.
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