The Securities and Exchange Board of India (SEBI) board is scheduled to meet today, where it is expected to discuss a range of measures, including stricter norms for Futures & Options (F&O) trading, the introduction of a "New Asset Class," and mutual fund lite regulations. In anticipation of these potential measures, the benchmark indices, the Sensex and the Nifty, have each fallen by over 1 percent ahead of the meeting.