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Sebi will implement measures from April 1, 2025, to reduce unclaimed assets in the securities market. These include handling inactive accounts, mandating contact and bank details, nomination options, and simplifying transmission norms. DigiLocker will help investors manage their financial assets, and it is recommended for investors to appoint nominees in DigiLocker.
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India, we have seen domestic criteria improving very fast, both the macro, the fiscal, as well as the monetary policy where RBI has cut rates, has injected huge amounts of liquidity and has done micro prudential easing as well.
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Nifty itself managed to gain almost around 4% for the week. Looking at the overall sectoral behaviour as well as the indices, we believe that this traction can extend further and possible rally towards 23,600, 23,800 we may witness in the coming week or in the next coming weeks for the Nifty.
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