The RBI has said that a single entity’s contribution to any AIF scheme must be capped at 10% of its corpus and collectively a ceiling of 15% must be applied for investment by all entities in an AIF scheme.
Investments by a regulated entity up to 5% of the corpus of an AIF scheme will be allowed without any restriction, but if the investment surpasses 5% and has a downstream debt investment in a debtor company of the entity, then it will be required to make 100% provisions to the extent of its proportionate exposure.
RBI issues revised draft norms for investments in AIFs by regulated entities- Daily Market Update 20th May 2025
Overview and Outlook
Global Stock Market Today
- US equity markets settled on a flat note.
- European equity markets also ended on a flat to positive note.
- Asian equity markets are trading on a positive note.
- GIFT Nifty is up by 85 points, Nifty futures likely to open around 25080 levels.
Benchmark Nifty index ended marginally lower at 24945 levels after a cut of 74 points from its previous closing values.
Broader markets outperformed the benchmark as Mid and Small cap indices settled on a flat to positive note.
Performance on the sectoral front was mix. Nifty Realty and PSU Bank index were the best performer, gained 2.26% & 1.46% respectively. On the flip side, Nifty IT index led the laggards, fell 1.30%.
Technically, Nifty index is well placed on multiple chart frames, trading in higher highs and higher lower formation above its long term as well as short term moving averages. Going ahead, we reiterate our bullish view on Nifty index intact till it is trading above 24480 spot levels on closing basis and expect it to test 25500 spot levels in immediate near term.
Derivatives Overview & Outlook
Yesterday, no significant activity was seen in index futures on price as well as open interest front. Nifty and Mid cap Nifty futures witnessed some unwinding, on the other hand, Banknifty and Finnifty futures further added some long positions.
Performance on the sectoral front was mix. Amongst them Banking and Reality stocks witnessed maximum addition of long positions while some short covering was seen among power and Textile stocks.
On options front, call writing was seen at multiple strikes. Maximum positions are at 24000 PE followed by 25000 PE and 26000 CE followed by 25000 CE.
Institutional Trading Activity
Yesterday, FIIs sold stocks worth Rs 526 Cr in the cash segment, sold index futures worth Rs 87 Cr also sold stocks futures worth Rs 3715 Cr. DIIs were too net sellers in the cash segment to the tune of Rs 238 Cr
Nifty Futures, Banknifty Futures and Finnifty Futures Key Levels
Nifty – Resistances 25100-25200; Supports 24700-24600
Banknifty – Resistances 55800-56000; Supports 55200-55000
Finnifty – Resistances 26700- 26800; Supports 26400-26300
F&O Security in Ban Today: MANAPPURAM, HINDCOPPER & TITAGARH.
Important Results Today: DIXON, EIHOTEL, FORTIS, GSFC, HINDALCO, JKTYRE, MAXHEALTH, ZYDUSLIFE.
Disclosure
Globe Capital Market Limited (“GCML”) is a Stock Broker registered with BSE, NSE, MCX, NCDEX, and MSEI in all the major segments viz. Capital, F & O and CDS segments. GCML is also a Depository Participant and registered with both the Depositories viz. CDSL and NSDL. Further, GCML is a SEBI registered Portfolio Manager and Research Analyst. GCML includes subsidiaries, group and associate companies, promoters, directors, employees and affiliates.
AY Securities and Commodities Limited, Globe Derivatives and Securities Limited & Globe Fincap Limited are subsidiaries of GCML. AtoZ Finstock Private Limited, A to Z Consultants Private Limited, A to Z Venture Capital Limited, M. Agarwal Stock Brokers Private Limited, A M Share Brokers Private Limited, Shri Adinath Advertising Company Pvt. Ltd., Orient Landbase Private Limited, Bolt Synthetic Private Limited, Price ponder Private Limited, Lakshya Impex Private Limited and Launchpad Fintech Private Limited are associates of GCML.
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