On the broader market outlook, the technical & derivative analyst from HDFC Securities expects the near term trend on the Nifty to remain bearish as long as the index stays below 18,141.

According to the technical analyst, the if the Bank Nifty fails to hold 41,569 the trend may bearish in the short term.

Multi Commodity Exchange of India (MCX India) has launched an online web-based platform for expediting arbitration processes of investors and members’ complaints.
The platform will also facilitate easy access to information on ongoing as well as closed arbitration and appellate arbitration matters, the exchange said in a statement.
According to MCX India, the platform has been integrated with the existing online-based Investor Grievance Redressal System (IGRS).
“This is another step towards ease of doing business that will facilitate hassle-free filing of arbitration applications and rejoinders,” MCX Managing Director and CEO P S Reddy said on Tuesday.

In order to enhance liquidity in the bond market and to provide opportunity to the investors to hedge their positions, Sebi on Tuesday allowed stock exchanges to launch future contracts on corporate bond indices.
The index should composed of corporate debt securities, constituents of the index should have adequate liquidity and diversification at issuer level and the constituents of the index should be periodically reviewed, Sebi said in a circular.
Further, single issuer should not have more than 15 per cent weight in the index, there should be at least 8 issuers in the index, and the index should not have more than 25 per cent weight in a particular group of issuers (excluding securities issued by public sector undertakings, public financial institutions and public sector banks).
“The value of the Cash Settled Corporate Bond Index Futures (CBIF) contracts shall not be less than Rs 2 lakh at the time of introduction,” Sebi said.
The stock exchanges may introduce contracts of up to