The Indian market was poised for consolidation due to mixed global influences. FIIs registered substantial sales while DIIs made significant purchases. Focus was on key index levels and stock picks for short-term trading, including Cipla, Hindustan Unilever, and ONGC, with specific targets and stop-losses provided by experts.
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