India’s market regulator, SEBI, is tightening oversight on trading members following violation discoveries during regulatory inspections. Stock exchanges are now tasked with monitoring corrective actions taken by trading houses and brokerages. Non-compliance with SEBI’s directives will attract escalating penalties, potentially leading to a ban on new clients and trading terminal shutdowns.
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.