Listed broking firms faced significant profit declines in the March quarter due to stricter regulations imposed by SEBI, including the scrapping of popular derivative products and reduced trading activity following a stock market downturn. These regulatory changes, such as uniform fee structures and true-to-label norms, impacted retail participation and increased transaction costs.
Market expects one more rate cut as inflation stays benign
Indian economists and bond market experts expect another quarter percentage point cut in policy rates. This follows the Reserve Bank of India’s recent rate reduction