The Delhi High Court has dismissed a petition challenging the Securities and Exchange Board of India’s approval for the National Stock Exchange’s initial public offering. Justice Jasmeet Singh stated the petition aimed to halt the exchange’s IPO. The court found no grounds to interfere with Sebi’s decision.
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.