Sebi has formed a working group to review mutual fund distributor regulations and address overlaps with investment advisers. The regulator is also developing a common advertisement code and a digital platform, Sebi Setu, for investment advisers. A standardized penalty structure and simplified NISM module are also planned, amidst concerns over a decline in registered investment advisers.
Market Wrap: Sensex falls 142 points, Nifty holds 23,900; HDFC Bank shares tumble 3%
Indian stock market closed in the red, with benchmark indices Sensex and Nifty falling up to 0.2% as Iran-US tensions simmered and rupee declined. Broader