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Sebi, exchanges step-up vigil before Karnataka polls

Press Trust of India  |  New Delhi 

Regulator Sebi as well as stock exchanges have stepped up surveillance to keep a close tab on possible manipulations and excessive in the markets ahead of assembly elections results in

The results of the single-phase assembly elections will be declared on May 15. However, before the formal announcement of the results, several agencies conducted exit polls, predicting the outcome.

The exit poll results for the election were announced after

A said the markets regulator and stock exchanges have beefed up surveillance and to check any manipulative activities and excessive risks on Monday and Tuesday.

Similar additional safeguards have been effectively used during polls in Gujarat, and other states in the recent past as also at the time of 2014

The keenly-contested elections in is likely to have a major bearing on the central government's economic agenda as well as on the Lok Sabha polls next year. The polls are also being seen by some as barometer for the prevailing public mood about the at the Centre.

The enhanced vigil on the markets will continue till May 15, when the results of election will be declared. Poll results will start coming in during trading hours on May 15. Typically, manipulators tend to exploit such volatile situations in the stock market.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sun, May 13 2018. 10:05 IST