The Sensex closed higher by 196.19 points, or 0.54, to 36519.96, while the Nifty rose 71.10 points, or 0.65%, to 11008.00
On a year-on-year basis, average AUM increased 19.8 percent (Rs 3.9 trillion) in June 2018
The global investment bank in its base case scenario (with 50% probability) expects Sensex to trade at 36,000 by June 2019 which is under 16x one-year forward P/E, and below historical averages.
The current trends on global macros do indicate that there will be pressure on the rupee along with other EM currencies in times to come
Repos collateralised by high-quality corporate bonds will be a valuable tool for risk-averse end-investors to park temporary cash balances. They will also be another avenue for banks to deploy surplus liquidity.
In the broader markets, midcaps had a good day of trade as they outperformed frontliners.
The breadth of the market favoured advances, with 1236 stocks advancing, 462 declining and 377 remaining unchanged. On BSE, 1572 stocks advanced, 774 declined and 106 remained unchanged.
The upcoming week will see earnings season getting kicked off for the June quarter, as heavyweights such as TCS, Infosys and IndusInd Bank announce their results.
SEBI has given them four weeks' time to reply, before it begins the adjudication process.
The market will reward those companies which can weather the uncertainties by having sustainable earnings with robust business outlook and quality management.
According to three separate NSE circulars, the mock trading sessions will be conducted from the disaster recovery site on July 7 and live trading sessions on July 9 and 10.
Singaporean finance minister Heng Swee Keat also made a pitch for regulatory certainty, especially when it comes to long-term infra projects saying ensuring it can also lower the cost of capital.
As per the options data, immediate support is seen around 10,700 and 10,600 whereas 10,800 and 11,000 will act as a hurdle before June expiry, says Abhishek Mondal of Guiness Securities
The volatility index is trading at the lower end of the range indicating indecisiveness among the bulls and the bears, says Aditya Agarwala of YES Securities
The focus of investors should be on buying quality which could withstand the correction and outperform index when the market starts rising.
The move comes within a month of markets regulator Sebi initiating a probe into alleged leak of 37 companies being brought under enhanced surveillance before stock exchanges made the list public.
Smallcap stocks are always vulnerable and toxic in nature as compared to the midcap and largecap stocks, said Jaydeb Dey of Stewart & Mackertich Wealth
Algorithmic or algo trading refers to high-frequency and automated execution of trades on the stock exchanges through pre-programmed software platforms installed on servers.
investigation at the National Stock Exchange (NSE) into whether high-frequency traders were getting unfair access to some network servers at the exchange SEBI to start action against entities and individuals.
Both bourses are locked in a tussle after Singapore Exchange (SGX), in April, announced listing of new Indian equity derivative products from June.
Stock specific moves likely to happen in selective IT, pharma, NBFC stocks and heavyweights stocks are likely to take the lead while PSU, Auto, Cement, Mid and Small Cap stocks would be under pressure with limited upside.
NSE is actively working with investors to encourage them to trade in GIFT City
NSE is hopeful of consolidating trading volume at its subsidiary NSE IFSC Exchange in Gujarat's GIFT City in the long term even as it awaits the outcome of offshore derivative tussle with the Singapore Exchange.
The restraint would be till three weeks after the arbitration process is completed even as the tribunal allowed continuation of existing SGX-Nifty contracts.
The market traded in a narrow range amid domestic data announcements including inflation data for the month of May while global cues included ECB meet, Fed meet