National Stock Exchange has offered ₹1,388 crore to SEBI for settling co-location and dark fibre cases. This move could clear the path for NSE’s initial public offering. The co-location case involved preferential access to NSE’s servers for some brokers. The dark fibre case concerned unauthorized installation of fibre optic lines. SEBI is yet to approve the settlement.
US stocks: US market closes down sharply after Fed holds rates unchanged
Wall Street experienced a sharp decline as the Federal Reserve maintained interest rates. AI-related chip stocks also saw further losses ahead of key earnings reports.