INDIA MARKET LENS
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Stockbrokers approach Union government over proposed UPI charges

SEBI convened.

24 Sept 2026 · LiveMint Markets

Sebi chief Tuhin Kanta Pandey said capital markets face distinct challenges compared to standard merchants, adding that the regulator has already gathered feedback to evaluate potential regulatory solutions.

Because the driver here is macro rather than company-specific, the read-through is to index-level positioning rather than to any single name — correlations tend to rise when the whole market faces the same signal.

  • With SEBI involved, this carries a regulatory dimension that can outlast the immediate market reaction.
  • This is a market-wide development — its reach goes beyond any single stock.