Won't allow market weakness to be leveraged, says Sebi chairman Ajay Tyagi

Sebi said the increase in oil prices, tighter global financial conditions, spillover risks from a global trade conflict are some of the key risks at this juncture

Market regulator Securities and Exchange Board of India (Sebi) on Tuesday said it won't allow manipulators to take advantage of the volatility in the stock market. "We have strong risk management systems in place. Manipulators will not be allowed to take advantage of the market weakness. We are vigilant," Sebi chairman Ajay Tyagi told reporters on the sidelines of capital markets conference organized by industry body FCCI.

Tyagi said the increase in international oil prices, tighter global financial conditions, spillover risks from a global trade conflict and rising regional geopolitical tensions are some of the key risks at this juncture.