In the past, such a “pivot whipsaw” would normally have been due to some off-the-cuff dovish comment by Fed Chair Jerome Powell that suggested a replay of his big U-turn in the middle of the market volatility of the fourth quarter of 2018 — that is, the notion that the long-standing Fed “put” was back in the money.
Sebi plans simpler rulebook for stock exchanges, doing away with obsolete provisions
Sebi is simplifying stock exchange rules to boost business ease. The regulator plans to consolidate multiple circulars into a single master document, removing outdated provisions