Summary of the Day's Market Performance

• Nifty & Sensex rebounded sharply after a weak opening, closing at the highest point of the day.

• Midcaps and Smallcaps saw moderate gains, continuing to show resilience.

Key Points from SEBI's Consultation Paper

• Objective: To curb speculative trading and manage market volatility.

• Proposed Measures:

  • Increase in Minimum Contract Size: From Rs 5 lakh to Rs 15-20 lakh initially, and Rs 20-30 lakh after six months.

  • Restriction on Weekly Options: Limit to one expiry per stock exchange per week.

  • Volatility-Reducing Steps: Higher margin requirements, upfront collection of option premiums, and fewer strike prices.

Performance of Key Sectors

• Top Gainers: Metals (+1.2%), Pharma (+1.1%).

• Underperformers: PSU Banks (-0.4%), Real Estate (-0.4%).

Market Transactions:

• 📉FII Sold: -3,462.36 cr.

• 📈DII Bought: 3,366.51 cr.

Key Stock Movements and News

• Top Nifty Gainers: NTPC, Asian Paints, BPCL, JSW Steel, Tata Motors.

• Top Nifty Losers: Britannia Industries, Dr Reddy's Labs, Tata Consumer, Reliance Industries, Grasim Industries.

• Life Insurance Stocks: HDFC Life, SBI Life, and ICICI Prudential rose 2%-3% amid reports of potential GST removal on insurance premiums.

• IDBI Bank: Receives RBI's 'fit and proper' nod; due diligence by bidders to commence soon.

• Adani Power: Q1 net profit fell 55.3% to Rs 3,912.8 crore YoY.

• RITES: The Board approves a bonus issue of 1 share for every 1 share held.

• Balu Forge: Shares jumped 6% post-Q1 earnings.

• Akums Drugs IPO: Subscribed 2.4X on day 2, strong retail interest.

• Aurionpro Solutions: Secures a USD 3 million deal with a leading Malaysian bank.

• Hindustan Zinc: Shares dipped on an I-T demand order of Rs 1,170 crore for AY 2020-21.

• Dixon Technologies: Set to start manufacturing Google Pixel from September, and confirms CCI nod for the Transsion deal.

• Trent: Shares hit a record high (+4%) on speculation of inclusion in the Nifty in September.

• Life Insurance Companies: Potential GST removal could boost the sector.

• Dixon Technologies: Expansion into Google Pixel production could drive growth.

• Trent: Potential Nifty inclusion makes it a stock to watch.

"Despite a volatile start, markets managed to recover strongly by the close. SEBI's proposed measures on F&O trading will be closely watched as they could significantly impact market dynamics. Investors should stay updated on regulatory changes and sectoral developments for strategic decision-making“.

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Disclaimer: The information provided in this newsletter is for informational purposes only and should not be considered financial advice.

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