As per the draft regulations, FPIs would need to inform Sebi about any penalty, pending litigations or proceedings or investigations for which action may have been taken or can be taken by an overseas regulator against it.
Talking to CNBC-TV18, Anand Tandon, CEO, JRG Securities says the market is range bound, and as there are no obvious domestic or international triggers, there is no reason why there would be a significant rally. He says there is no reason Infosys should cut its FY14 revenue guidance of 6-10 percent.