In Q4FY25, FIIs trimmed stakes in several new-age stocks like Zomato and Policybazaar, while mutual funds increased their holdings, reflecting divergent strategies. CarTrade Tech saw the highest rise in FII holding, while MFs diluted their holdings in the same. Corporate earnings will be the next big trigger for price trajectory.
Sebi relaxes re-KYC process for NRIs; removes physical presence clause
Markets regulator Sebi on Wednesday eased the re-KYC process for Non-Resident Indians (NRIs) by removing the requirement for them to be physically present in India