The NBFC sector received its fair share of attention in the Union Budget 2019. The government has relieved non-banking finance companies (NBFCs) from creating debt redemption reserves (DRR) to raise fund from public issues.

The benchmark indices were upbeat in Friday's morning session. The BSE Sensex hit a high of 40,032.41, while Nifty50 inched closers to the 12,000 mark hitting 11,981.75 level.

Overall volumes in futures & options currently stand at 2,88,48,070 contracts with a turnover of Rs.19,71,511.37 crore.

Overall volumes in futures & options currently stand at 2,88,48,070 contracts with a turnover of Rs.19,71,511.37 crore.

The shares of Quess Corp sank 20 per cent in today’s trading session. However, this fall is most likely attributable only to market perception.

As long as it is above the 11,920 level, the targets are open towards 12,100-12,200. However, a close below 11765 will lead to the re-test of the swing low of 11,625. Stocks in news: L&T Infotech, Godrej Industries, GMR Infrastructure, L&T Finance Holding, Sobha.

The board of directors of Eris Lifesciences approved the buyback of the fully paid 17,39,130 equity shares of Re. 1 each. The buyback was initiated at a price of Rs. 575 per share, thereby resulting in a maximum consideration amount not exceeding Rs. 100 crore.

Friday morning has nothing positive to offer for the markets given the subdued and muted global sentiments. At the time of writing, the SGX Nifty was trading just below the dotted line down by 5 points at 11,974 level.

NCLAT on Thursday approved ArcelorMittal’s bid of Rs. 42,000 crore for Essar Steel India and also ruled that the resolution professional (RP) and not the CoC has to decide on the distribution of amount between financial creditors and operational creditors.

The stocks to watch out for July 5 include IndiaMart, McLeod Russel, Kolte-Patil Developers, Gravita India, Quess and Thomas Cook.