BSE warns on volatility

The Bombay Stock Exchange on Thursday asked its members to be vigilant about the activities of their sub-brokers and clients and to monitor dealings closely.

"Members are advised to be vigilant about the activities of their sub-brokers and clients and monitor their dealings, including co-relation of their trading activity with the financial and other information provided by them," BSE Chief Operating Officer Rajnikant Patel said.

The exchange had also asked its members to put in place appropriate systems and procedures for monitoring, and to alert it in case of any unusual activity. came to notice, Patel said.

Patel said members should also advise their clients and investors to exercise caution in their dealings and not get carried away by unfounded rumours and tips.

The increased activity on the bourse both in terms of volatility and volumes could be due to various underlying factors, he said.