Asset management and broking stocks surged on Thursday following Sebi’s revised mutual fund fee structure and broking fee caps. The regulator’s less severe overhaul, with reduced expense ratio cuts and lower brokerage fee limits, led to a relief rally, with several AMC and brokerage firms seeing significant gains.
US stocks: US market ends mixed as investors focus on Big Tech earnings
Wall Street closed mixed as investors awaited tech earnings and feared rate hikes. Oil prices fell after President Trump discussed peace talks with Iran. Major