Nifty Outlook : Which Stocks To Buy Tomorrow 17 aug

The markets traded in a narrow range today and closed with moderate declines. FMCG, metal, consumer durables and banking were the biggest laggards in today's session while capital goods, oil & gas and auto gained significantly. The Sensex closed at 17657, down 71 points from its previous close, and the Nifty shut shop at 5363, down 17 points. The CNX Midcap index was down 0.2% 

SEBI Board Key Takeaways :-

• 20 bps to be added to total expense ratio
• Service tax on MF schemes to be charged to investors
• To set up product labelling mechanism for MFs
• Additional disclosures to be made by AMCs
• AMCs to disclose more on fund inflow data
• To recommend RGEs to govt to make it available to equity MFs
• To ask govt to okay MF eligible under Rajiv scheme
• SEBI clears details for e-IPO
• Long-term growth strategy needed for MFs
• Aim to ensure all IPO applications filed via ASBA
• All IPO applicants must get minimum allocation of shares
• Minimum IPO application limit hiked to Rs 10,000-15,000
• e-IPO facility to be available at 1,000 points initially
• Bonus, right shares eligible for 25% public float norm
• Can decide public float norm on case-to-case basis
• To set up self-regulation body for MF distribution
• No need to file new DRHP if issue size changes up to 20%
• Compulsory book build issue to have 75% for QIBs
• Board approves criteria for rejection of share offer docu
• Non-retail investors cannot cut, withdraw IPO bid
• Non-retail investors can enhance IPO bid price, size
• To cap general corp purpose fund raising at 25% of IPO
• To regulate investment advisors who levy fees
• Standardised disclosure formats for debt issues
• Minimum profit norm for IPOs at Rs 15 crore
• Price band to be disclosed 5 days before IPO opens
• Service tax on MF investor will not be over 2-3 bps

Searching for WHICH STOCKS TO BUY TOMORROW 17 

Aug ????? CLICK HERE