The Securities and Exchange Board of India (Sebi) is proposing to scrutinize market indices heavily used by mutual funds, particularly those with over ₹20,000 crore in assets. A new framework will identify ‘significant indices,’ requiring their providers to register with Sebi. This move aims to enhance investor protection by bringing key benchmarks under regulatory oversight.
Dow, S&P 500 slip as oil hovers near $100 despite Nasdaq’s record close
The Dow and S&P 500 declined sharply as oil prices rallied near the $100 mark, causing apprehension among investors. However, the Nasdaq soared to a