Today the sensex gave some hope to Investors

The bse sensex closed 54 points above & Nifty just 31.30 points below the previous day closing.
17613.99 54.01 Nifty : 5184.00 -31.30

There were nine FIIs present at the conference call with the market regulator SEBI, reports CNBC-TV18. SEBI came up with some clarifications on its P-Note proposals today, though the final decision will be taken on October 25. But you have to wait until tomorrow to see what the market makes out of these clarifications.

SEBI to FIIs: No upper limit on sub accounts registering as FIIs; 3000+ exist now.

SEBI to FIIs: Revisiting category of entities that seek FII status. No need to wait till October 25 to apply for FII registrations. Multiple registrations from single FII group likely.

SEBI to FIIs: P-Note exercise not aimed at curbing capital flows. It is necessary to differentiate between corporate and FII sub accounts.