The Nifty closed below 25,000, signaling potential short-term weakness, with support around 24,500 and resistance in the 25,200-25,500 range. Pharma stocks are expected to continue their upward trend, while the Nifty Defence index shows bearish signals. Investors might consider accumulating specific stocks like Capri Global Capital and NLC India.
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