The domestic investors outperformed global investors for the third straight day, as the Indian markets on Thursday extended gain to end on a positive note. Sensex and Nifty50 both saw buying with each up around 1 per cent, almost all sectoral indices witnessed growth.   

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“On the technical front, the index has been trading higher highs & higher low formation from the last three trading sessions which suggest strength in the counter. Moreover, the index has given a breakout of the extended trend line as well as trading above 21&50-HMA which suggests strength in the counter,” Palak Kothari Research Associate Choice Broking in post market comment.  

“However, a momentum indicator STOCHASTIC trading with a positive crossover on the daily time-frame. At present, the Index has support at 16800 levels while resistance comes at 17180 levels, crossing above the same can show 17300-17400 levels. On the other hand, Bank nifty has support at 34800 levels while resistance at 35500 levels” he further added.  

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Stay tuned to Zeebiz.com to find out what could impact your trade today. We have collated a list of top 10 news points which could impact markets, companies, or economy:    

Global Markets:  

The US Markets closed yet another session on strong note. Dow Jones closed with gains of 0.55%, Nasdaq Composite added 0.85%, S&P 500 settled with gains of 0.62% and Russell 2000 surged 0.89% in Thursday's closing 

Asian Markets:  

The Asian markets largely traded in the green as Nikkei was trading 0.10% higher, Hang Seng Index was up 0.40% and Shanghai Composite was down 0.10% around 7.15 am on Friday. 

SGX Nifty:  

Hinting at positive opening for the Indian markets, the SGX Nifty Futures traded 64 points higher to 17,136.00around 7.15 am on Thursday.  

Sebi overhauls advisory panels on secondary mkts, MFs  

Markets regulator Sebi has restructured its three advisory committees pertaining to the secondary market, mutual funds, and corporate bonds and securitisation.  

Rejigging its secondary market committee, Sebi has listed Zerodha's co-founder and chief executive officer (CEO) Nithin Kamath among the new inductees in the 17-member panel, latest information on the regulator's website showed.  

The advisory committee will now be chaired by Madhabi Puri Buch, ex-whole time member of Sebi. The panel was earlier headed by IIM Ahmedabad professor and former whole-time member of Sebi, Jayanth R Varma.  

CMS Info Systems IPO subscribed 1.95 times on last day  

Cash management company CMS Info Systems Limited's initial public offering was subscribed 1.95 times on the last day of subscription on Thursday.  

The IPO received bids for 7,32,71,721 shares against 3,75,60,975 shares on offer, according to NSE data.  

The category for Retail Individual Investors (RIIs) was subscribed 2.15 times, while Qualified Institutional Buyers (QIBs) received 1.98 times subscription and Non Institutional Investors 1.45 times.  

The company's Rs 1,100-crore public issue is a pure offer-for-sale (OFS) by promoter Sion Investment Holdings Pte Limited, an affiliate of Baring Private Equity Asia.  

Rupee strengthens for 6th day, up 28 paise  

Rising for the sixth straight session, the rupee climbed 28 paise to close at 75.26 against the US dollar on Thursday as abating concerns over the Omicron variant improved risk appetite globally.  

At the interbank forex market, the local unit opened at 75.43 against the greenback and witnessed an intra-day high of 75.22 and a low of 75.44. On Wednesday, the rupee had appreciated by 5 paise to close at 75.54 against the US dollar.  

Meanwhile, the dollar index, which measures the greenback's strength against the basket of six currencies, rose 0.03 per cent to 96.10. Brent crude futures, the global oil benchmark, fell 0.20 per cent to USD 75.14 per barrel.  

RBI tokenisation deadline extended by 6 months  

In a major development, tokenisation deadline by RBI has been extended by 6 months. RBI in a statement said, "The timeline for storing of CoF data is extended by six months, i.e., till June 30, 2022."  

In a notification - Restriction on storage of actual card data [i.e. Card-on-File (CoF)] - RBI said, "In light of various representations received in this regard, we advise as under: a) the timeline for storing of CoF data is extended by six months, i.e., till June 30, 2022; post this, such data shall be purged; and b) in addition to tokenisation, industry stakeholders may devise alternate mechanism(s) to handle any use case (including recurring e-mandates, EMI option, etc.) or posttransaction activity (including chargeback handling, dispute resolution, reward / loyalty programme, etc.) that currently involves / requires storage of CoF data by entities other than card issuers and card networks."  

Earlier, RBI had given a deadline of December 31 for tokenisation. This meant that from January 1, merchants will not be able to store card information of users and will have to replace each card number with a randomised token number.   

Govt seeks comments on proposed changes to IBC law  

The government on Thursday invited comments on various amendments proposed to the insolvency law, including to provisions related to time period for approval of resolution plans as well as avoidable transactions and wrongful trading.  

The amendments have been proposed by the Insolvency Law Committee (ILC). The comments have been sought till January 13, 2022.  

According to a communication, changes have been proposed to enable a swift admission process, streamline provisions pertaining to avoidable transactions and wrongful trading and norms relating to time period for approval of resolution plans.  

Jayant Sinha says Govt working to bring changes in GST Act   

The government is working to bring changes in the GST Act and other public platforms so that companies can utilise data to grow big in size and scale, Jayant Sinha, Chairperson, Parliament Standing Committee on Finance, said on Thursday.  

"Public platforms such as UPI and Aadhaar are very important platforms. Even then, for us to leapfrog, we have to do more in terms of public platforms," Sinha said while speaking at the Assocham e-summit on 'Non-Banking Finance Companies & Infrastructure Financing: Transforming the Financial Lending Landscape'.  

When the Factoring Bill came to the Standing Committee on Finance, the government was opening up factoring to more non-banking financial companies and enabling more NBFCs to participate in that.  

FII & DII Data:  

Foreign portfolio investors (FPIs) remained net sellers for Rs 271.59 crore in the Indian markets while Domestic Institutional Investors (DIIs) were net buyers to the tune of Rs 1196.48 crore, provisional data showed on the NSE.   

Stocks under F&O ban on NSE    

Four stocks: Indiabulls Housing, Escorts, Idea and ZEEL are placed under the F&O ban on Friday. Securities in the ban period under the F&O segment include companies in which the security has crossed 95 percent of the market-wide position limit.   

(With inputs from PTI, Reuters and other agencies)  

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