Sebi is pushing for broader banking and financial services indices, aiming to reduce the dominance of a few large banks. This move will cap individual stock weights at 20% and top three at 45%, potentially benefiting smaller and mid-sized banks. Investors and traders can expect shifts in portfolio rebalancing and new trading opportunities as the indices adapt.
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.
July 29, 2026