As an institution, it is important for fund houses and other financial companies to have your KYC but as an investor, it is important for you to have a KYP. So, what is it all about? Let’s find out.

Mahindra & Mahindra Limited has announced that it would hike the prices of its personal vehicles range by up to Rs. 36,000 across models to be effective from July 1, 2019. The price hike is led by the implementation of AIS 145 Safety Norms across all passenger vehicles in India.

Following stocks are close to their 52-weeks low as at 2:32 p.m. on June 19, 2019.

The markets on June 19, 2019 opened gap up. BSE Sensex is trading at 39,068.15, up by 21.81 points and the Nifty is trading at 11,676.80, down by 14.70 points. 

ONGC Limited’s wholly-owned subsidiary ONG Videsh Limited has announced that Rovuma Offshore Area 1 consortium, has taken a Final Investment Decision (FID) for the two trains Golfinho/Atum Mozambique LNG Project. The FID denotes that the LNG project will now advance to the construction phase.

The Reserve Bank of India (RBI) would conduct purchases of five government bonds under open market operations (OMOs) on June 20, 2019.

Overall volumes in futures & options currently stand at 1,71,63,685 contracts with a turnover of Rs.11,74,332.30 crore.

Overall volumes in futures & options currently stand at 1,71,63,685 contracts with a turnover of Rs.11,74,332.30 crore.

As long as the index manages to defend its 50-DMA, a technical pullback cannot be ruled out. In case it fails to hold and stays below the 50-DMA (11,681), the selling pressure is likely to accelerate. On the other side, the zone of 11,730-11,770 will be a strong supply zone.  Stocks in news: NLC India, NMDC, Canara Bank.

The outlook for the Indian markets is a gap-up opening on the back of optimism in the global markets. The US and China will restart trade negotiations to reach a deal, Also, the ECB President surprised the markets by hinting at more stimulus if needed. At the time of writing, the SGX Nifty was trading higher by 50 points at 11,762.