Sebi to relax norms for opening client-based sub-accounts by FIIs Securities and Exchange Board of India has decided to simplify procedural norms for opening new sub-accounts by foreign institutional investors (FIIs) on behalf of their clients, without changing the policy aspect. Sentiment turns positive; trend likely to continue Thanks to across-the-board buying, the Sensex managed to gain 104 points. Stocks like ACC, L&T, MTNL, Pentamedia, DSQ Soft, and SSI were the star performers on Monday.
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