Indian stock markets saw gains on Friday, recovering from earlier dips and defying global trends. The NDA’s decisive win in Bihar elections fueled investor optimism and short covering. Both the NSE Nifty and BSE Sensex closed higher, marking weekly gains.
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