Sensex, Nifty to open on a flat note

The Nifty moved towards the 8,400 zone on four occasions in last three months. The action may now shift to the mid-cap and small-cap segments in the coming day. Global cues are mixed. US market managed to end positively. Asian markets too are in the green.

The creditors and euro zone finance ministers feel it is now late for any negotiations with Greece and any further steps would be taken only after the referendum. The sirens of destruction are blackmailing you to say yes to everything without any prospect of exiting the crisis, Greek Prime Minister Alexis Tsipras earlier said adding that the EU leaders were extremist conservative forces who had forced the shutdown of Greece’s banks because the country had dared to call the referendum. For now, Tsipras maintains that Athens could accept the bailout offer, if some conditions were altered. 

Indices may move into a range-bound trade as action could shift to side counters. The Nifty moved towards the 8,400 zone on four occasions in last three months. The action may now shift to the mid-cap and small-cap segments in the coming day. Global cues are mixed. US market managed to end positively. Asian markets too are in the green.

Public Sector Banks fired up on the likelihood of Government infusing significant additional capital in them over and above the amount earmarked in Budget FY16. Many PSU banks are expecting to receive the capital aid in ensuing months. Recent commentary from the FM and his ministry has also been empathetic towards the capital needs of public banks.”

The Supreme Court dismissed the special leave petition filed by the downstream regulator Petroleum & Natural Gas Regulatory Board (PNGRB). The petition was against the Delhi High Court order of June 2012 which quashed the regulator’s directions to IGL to slash tariffs and charges. PNGRB had, in April 2012, issued a directive to IGL to slash network tariff and compression charge by about 60 per cent — with retrospective effect from April 2008

The Securities and Exchange Board of India is contemplating introduction of a lock-in period for algo and high-frequency trading orders to help check manipulation by traders, said SEBI sources, according to a report in BL. However, according to market experts, the introduction of a lock-in period for algorithmic or high-frequency orders would not be a plausible solution, the report added.

The Central Government has notified the 30th day of September, 2015, as the date on or before which a person may make a declaration in respect of an undisclosed asset located outside India under the compliance provisions of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (‘Black Money Act’).

Prime Minister launched the Digital India Week on 1st of July with a view to empower the people of the country through the Digital India Programme.  Wipro Chairman Azim Premji reportedly said that the vision of PM for Digital India is a powerful One. The Digital India Will help Democratising Access to information, says Azim Premji.

Reliance Industries will make an investment of over Rs. 250,000 crore in the digital space, including rollout of wireless broadband infrastructure and manufacturing of mobile handsets, its chairman Mukesh Ambani said. Speaking at the launch of Digital India Week here, Ambani, whose $ 16 billion Reliance Jio Infocomm Ltd is set to launch telephony and broadband services by December, said the firm’s investments in digital space will create employment for over 5 lakh people.

Cyrus Mistry also stated that Govt's Policies must evolve rapidly to bring a change in Society, according to reports. Tata Group continues to invest in Digital Space, says Cyrus Mistry.

The health of the Indian manufacturing economy improved further in June, but output growth eased on the back of a weaker rise in new business inflows. India HSBC

Manufacturing PMI fell from 52.6 in May to 51.3 in June.

Fitch has cut its long-term rating on Greece to 'CC' from 'CCC' amid turmoil over the country's debt negotiations which resulted in fears that the nation could make an exit from the euro zone.

CRISIL expects the loans against property (LAP) business to grow at 22 per cent annually in the next four years, and double to Rs.5 lakh crore by March 2019.