Sebi has permitted Market Infrastructure Institutions (MIIs) to conduct joint inspections of stock brokers, streamlining the process. This move aims to reduce the burden on intermediaries caused by frequent, separate inspections by stock exchanges, depositories, and clearing corporations. MIIs are also required to establish information-sharing mechanisms for inspection observations.
US Stocks: Nasdaq, S&P end lower as tech megacap declines outweigh upbeat chip outlook
Indian markets saw a mixed close on Thursday. While the Nasdaq and S&P dipped due to Big Tech’s AI spending concerns, the Dow edged higher.