Here are the key Indian market, economy and personal-finance developments to know this morning, compiled from leading business news sources.
Key points
- SEBI has relaxed KYC norms for NRIs, OCIs, and foreign nationals, allowing digital onboarding from overseas for individuals from FATF-compliant countries. [1]
- Indian government bonds rallied following a drop in oil prices after the US midterm elections, leading to a notable decline in benchmark bond yields. [2]
- India's services sector growth rose to a four-month high in October as the HSBC Services Business Activity Index increased to 55.8 amid robust demand. [3]
Top headlines
- Sebi eases KYC norms for NRIs, OCIs and foreign nationals, allows digital onboarding from overseas — Economic Times, 05 Nov, 00:25 IST
- Entering the new Samvat: How to position your portfolio for long-term wealth creation — Economic Times, 04 Nov, 10:43 IST
- Gold prices ahead of Dhanteras: Up 10% in a year, but is the worst of correction still ahead? — Economic Times, 04 Nov, 09:25 IST
- Indian bonds rally most since April as oil slides after US midterm verdict — Economic Times, 04 Nov, 20:45 IST
- ETMarkets Smart Talk| FDs, government bonds or debt mutual funds: How should investors choose in today's market? — Economic Times, 04 Nov, 09:02 IST
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This brief was prepared with AI assistance from publicly available news headlines; numbers in [brackets] link to the original articles. It is for information only and is not investment advice or a recommendation. Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Sahare Wealth, AMFI-registered Mutual Fund Distributor, ARN-151469.