Conspiracy ? SEBI probing Friday market crash for trading irregularities

The Securities and Exchange Board of India (SEBI) is investigating whether brokers and investors conspired to cause the sharp sell-off that saw Friday markets crash after opening on a strong note.

Shares such as DHFl(fell 50 percent), Yes Bank and other lenders recovered from plunge towards the end without apparent reason.

According to sources, the market regulator is reviewing data from BSE Sensex and NSE Nifty 50 to find which parties bought and sold shares as well as sequence of their trades.

 

Leave a Reply

Your email address will not be published. Required fields are marked *