India’s market regulator Sebi will proceed cautiously on restricting weekly futures and options expiries. Sebi chief Tuhin Kanta Pandey stated an outright shutdown is impractical. The regulator has already implemented measures to control speculative trading by retail investors. Further policy interventions will follow extensive data analysis and public consultation.
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.