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India VIX was up by 4.12% from 11.52 to 11.99 levels in the previous trading session. Volatility spiked to 12.75 during the day but later cooled off thus paving the way for the bulls at support zones.

So, if you look at this I think the last time when SEBI SAT came up with the statement I think they had given a timelines of almost about five weeks to complete the process.

"As for elections, this is one place where I feel a change will not be seen positively. We need continuity. Numbers can vary. Some may even argue that a coalition with moderated numbers may be a better thing. I am not a political pundit. All I know is that many of these do not stand the test way beyond a couple of weeks. Unless something drastic happens, it will come and go; that too will pass."

The decline in gold has reached an oversold condition, which may lead to an increase in short-covering risk at this juncture, Reuters reported quoting Kelvin Wong, Senior Market Analyst, Asia Pacific, OANDA.

Taken support at the 20-day moving average alongwith a breakout from the inside bar pattern.

“India will do very well for the next 10 years. You will find portfolios which do not do well. And there are portfolios which will do well. What will distinguish them is the courage to have an asset allocation geared towards the growth asset of equity,” says Anand Rathi Financial Services Deputy CEO.

Led by the robust institutional response, the initial public offer (IPO) of SBFC Finance was subscribed by a massive 70.16 times at close. Monday was the last day of bidding for investors.

Sensex’s non-stop run northwards since March saw the 30-stock index rally close to 15% and hit a lifetime high of 67,619.20 points on July 20. This rally was backed by strong inflows of nearly $19 billion from foreign institutional investors, and steady inflows from domestic institutional investors.

Actually it does not matter what is the share entitlement ratio and let me explain you why. See, this is a demerger where all the shareholders of ITC will have direct and indirect 100% economic ownership in the new ITC Hotels business. So what the company is doing is that they are demerging the ITC Hotels into a separate wholly owned subsidiary.

Maruti Suzuki India, incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 281588.46 Crore) operating in Auto sector.