SEBI makes alterations in P-note for FII'S

Securities Exchange board or SEBI directed all foreign institutional investors (FIIs) to report 'immediately' any short position they take in the Indian market, but allowed them to report all other participatory note (P-Note ) related transactions once a week.

Although a section of the market players feels this could, to some extent, deter FIIs from creating short positions, dealers and broking house officials dealing with FIIs said this might not have any major impact on FII trades in India.