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Sebi, exchanges beef up surveillance mechanism amid market meltdown

Regulator and bourses are also keeping a close tab on the market manipulator who may take advantage of volatile trends

SEBI
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Photo: Reuters

BS Reporter Mumbai
Securities and Exchange Board of India (Sebi) and stock exchanges beefed up their surveillance mechanism amid spike in volatility in the market following a rout in the global markets.
 
According to the sources, regulator and bourses are also keeping a close tab on the market manipulator who may take advantage of volatile trends expected in both equity and the derivative segments.
 
Sebi and stock exchanges had a discussion on the ongoing sell-off in the market. The regulator expressed concerned over systemic risk to the market if margin calls get triggered due to stock volatility in the stock prices,