SEBI has unveiled a new rule that labels an index “significant” when mutual funds track it with more than Rs 20,000 crore in daily average AUM for six straight months. The framework is designed to improve transparency and strengthen accountability in index governance. Providers of such significant indices must register with SEBI under the new process.
Indian stock indices ended flat as investors reacted to mixed earnings and debut performances. Muthoot Finance, Pfizer and Prime Focus climbed on strong Q1 results, while JSW Cement, NMDC and Vodafone Idea declined. The market’s tepid close underscores how corporate updates and trading history shaped day-to-day sentiment across sectors.
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