Foreign Institutional Investors (FIIs) have continued their selling trend in August, offloading equities worth ₹25,564 crore, bringing the year’s total to ₹1,57,440 crore. High valuations in India compared to other emerging markets and concerns over IT sector growth are key drivers. However, a potential rate cut by the Federal Reserve may ease the selling pressure.
Sebi proposes changes to simplify nomination rules
Sebi has proposed simplifying nomination rules for demat accounts and mutual fund folios, making it the default option for new investors. This change aims to