Sebi chief Tuhin Kanta Pandey dismissed reports of curbs on weekly options expiry as speculative, emphasizing the need for structural reforms in equity derivatives. He clarified no communication occurred with the finance ministry regarding this matter. Pandey also urged portfolio managers to curb misleading performance claims to maintain industry trust and ensure clear client communication.
US markets fall as Middle East concerns offset earnings optimism
US markets saw a dip as American stocks fell. Early gains vanished due to renewed worries about the Middle East conflict. This overshadowed positive corporate