HDFC AMC shares declined 3.5% after a profit booking session, following a 7% rally the previous day triggered by SEBI’s overhaul of mutual fund expense regulations. The new framework introduces the Base Expense Ratio (BER) and separates statutory and regulatory levies, providing greater transparency but raising questions about long-term profitability for asset managers.
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