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News Update as at 17.00 hrs (IST)

General
No cause for worry over stock market crash: SEBI

New Delhi: Market regulator SEBI said today there was no cause for worry over stock market slip.

"Any unusual movement is a matter of concern for us. But the market is doing very well today and there is no cause for worry," the Securities and Exchange Board of India Chairman, Mr G N Bajpai said when asked about the movement of the stock market yesterday.

After a bull run over the new year weekend, the BSE-30 Index lost nearly 200 points yesterday.

Asked if sharp movement in Sensex is a healthy trend, he said the regulator does not have a view on the market trend and that depends on the fundamentals of the economy. - PTI

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