In a letter to the market regulator, leading funds have said that they fear the planned move may create fragmentation of market volumes and distort prices due to two settlement cycles.
The recent surge in global bond yields, particularly in the US, has raised concerns and triggered selling in the cash market, , Foreign Portfolio Investors (FPIs), equities, selling
Selling by FPIs has led to questions about whether it is on account of the enhanced disclosure norms prescribed by Sebi that will come into effect from February 1