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“If cricket franchises were to list, we would have to understand the business models. Are they profitable? Sports franchises listed elsewhere often burn a lot of cash. It is an interesting sector, but one would probably need to understand the financials a bit better before being able to confirm whether to look at them.”

"AIFs may appoint a custodian who is an associate of manager or sponsor of the AIF, subject to conditions similar to those prescribed under Sebi (Mutual Funds) Regulations, 1996 for permitting related party of sponsor of a mutual fund to act as its custodian, "the regulator said in a statement after the board meeting.

The decisions were taken by the board of the Securities and Exchange Board of India (Sebi) during its meeting. On SM REITS, Sebi Chairperson Madhabi Puri Buch said the objective is to help expand the market significantly so that more retail investors can have fractional ownership in REIT units. Sebi is open to looking at creating more such products, Buch told reporters after the board meeting.

The regulatory framework approved by the board for SM REITs provides for the structure, migration of existing structures meeting certain specified criteria, obligations of the investment manager including net worth, experience and minimum unit holding requirement, investment conditions, minimum subscription, distribution norms and valuation of assets.

Sebi said it has also permitted NPOs to disclose past social impact report in the fundraising document as per their existing practice subject to disclosure of key parameters such as number of beneficiaries, cost per beneficiary and administrative overhead.

"After a long time, we have had massive activity in the IPO market, with Rs 2.6 lakh crore blocked in bank accounts for IPOs worth Rs 7,600 crore. If this was 2003, it would take 16 working days (or ~1 month), and the entire money would have moved to investment bankers and cost investors (an interest forego) at least 0.5% (assuming 6% pa) or Rs 1300 crores," Kamath tweeted.

"Markets will continue to trade between 19850 and 19700 next week as well. Something important to note will be the Bank Nifty. Next week, we could actually see Bank Nifty outperforming Nifty. We will be surprised if 43,800 is taken out, we could be inching closer to about 44,000 on the Bank Nifty."

"Speciality chemical stocks are coming back. There was a lot of dumping by the Chinese, but globally now we are seeing a recovery happening. So the theme for the first quarter could be chemicals and within that speciality chemicals could outperform that is worth a look, says Ajay Bagga"

Despite the overall market volatility, ETMarkets identified eight stocks from the BSE500 index that consistently demonstrated upward momentum.