On the back of mixed global cues and lack of major triggers from the domestic front, the Indian markets last week, remained sideways. Nifty closed down at around 1 per cent on the weekly basis. Nifty had a strong support at 5952 and if it fell further, it may witness crossing below its 200 DMA, at 5873 and 100 DMA, at 5862. The resistance of Nifty lies at 6025 and 6063. The sectoral losers for last week were Consumer Durables and Pharmaceuticals, which closed down at around 2.2 per cent and 2 per cent respectively.

Firm
Securities and Exchange Board of India (SEBI) tightened its regulations on mandatory disclosures made by the listed companies, on the back of large scale discrepancies. The companies were asked to provide details of their promoters, directors and/or key management personnel would be held responsible for ensuring compliance, with the disclosure norms. SEBI said that the stock exchanges would take appropriate actions, including imposing fines on the companies, in case of non compliance. The watchdog has also asked the bourses to set up a separate monitoring cell, with identified personnel, to ensure compliance with new norms. Stock exchanges have been asked to publish these details on their websites, in case of defaults.