PTI
Mumbai
To ring-fence the capital markets from any possible systemic issues and manipulations, markets regulator Securities and Exchange Board of India (SEBI) and the stock exchanges have beefed up their surveillance and risk management systems to tackle expected volatility in markets due to trouncing of BJP-led alliance in Bihar polls.
“SEBI as well as the bourses and other market entities have prepared an elaborate vigil mechanism for tomorrow's trading while the pre-market orders that might have been placed today or earlier will face extra scrutiny,” he added.
The manipulators typically tend to exploit such volatile situations in the stock market, which has led to the regulator and the exchanges being extra vigilant to tackle this scenario, a senior official said.
The market authorities have been already monitoring stock movements very closely for the last few days, which saw markets seeing significant volatility on the back of exit polls and other predictions during and after the five-phase polls in Bihar.
However, they are now mainly focusing on tackling any possible shock tomorrow, the official added.
