Comments
The Securities and Exchange Board of India (SEBI) has warned that manipulators will not be allowed to take advantage of the volatility in the stock market. A combination of global and domestic factors have affected investor sentiment, with the benchmark indices registering around 500 points decline in the last two days.
Renewed concerns over an escalation of trade war between the US and China pulled down global markets, while the domestic markets are witnessing a free fall due to sharp decline in rupee value.
“The domestic markets are volatile, but they are globally volatile too. Our risk management economics are in place and manipulators will not be allowed to take advantage,” SEBI chairman Ajay Tyagi told reporters on the sidelines of a capital market conference here today.
“The regulator is vigilant,” he added.
About extending the time for equity derivatives, Tyagi said: “We have received basic proposals but are awaiting details from the exchanges.’’
SEBI had earlier allowed domestic stock exchanges to extend the timing for equity derivatives trading till 11.55 pm with effect from October 1.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.