Sebi has permitted Market Infrastructure Institutions (MIIs) to conduct joint inspections of stock brokers, streamlining the process. This move aims to reduce the burden on intermediaries caused by frequent, separate inspections by stock exchanges, depositories, and clearing corporations. MIIs are also required to establish information-sharing mechanisms for inspection observations.
US stocks today: Dow posts closing record high, S&P 500, Nasdaq muted as AI rally pauses
US stocks ended mixed as the Dow hit a record closing high driven by healthcare and consumer gains, while tech and chip stocks lagged. Banking