Will not let manipulators to cash in on market volatility: SEBI

PTI Mumbai | Updated on September 11, 2018

A file photo of SEBI Chairman, Ajay Tyagi.

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.

Published on September 11, 2018

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