Markets Rally on US Polls Boost, SEBI Relaxes KYC Rules, FSSAI Energy Drinks MoveIndian equity benchmarks surged at the opening bell, tracking a sharp tech-led rally in US markets following midterm election results. The Nifty opened higher above the 24,300 mark, supported by gains in banking, financial services, auto, and IT stocks, alongside an easing in crude oil prices and a stronger Indian rupee against the dollar.
Bullion prices also saw gains ahead of Dhanteras and Diwali. In regulatory developments, the Securities and Exchange Board of India announced relaxed Know Your Customer norms for Non-Resident Indians, Overseas Citizens of India, and eligible foreign nationals from Financial Action Task Force-compliant nations, enabling completely digital onboarding with video-based verification from 3 December.
Meanwhile, the Food Safety and Standards Authority of India accused prominent energy drink brands, including PepsiCo and Monster, of misleading consumers over high levels of caffeine, sugar, and taurine.