SEBI Impounds Rs 3.68 Crore from Two Firms for Sensex Manipulation
· Business · Moneycontrol, Economic Times, ndtvprofit
The Securities and Exchange Board of India has issued an interim order to impound Rs 3.68 crore from two entities accused of manipulating the Sensex on expiry days. The regulator identified irregular trading patterns that allegedly influenced the price of the index during critical settlement periods. This swift action follows an investigation into market activities that undermined fair price discovery. The order mandates the freezing of funds to prevent further movement while the probe continues.
Why it matters
This action serves as a warning to market participants against manipulating index prices, directly protecting retail investors from artificial volatility on expiry days.
Read the original report — Moneycontrol
Join us on Telegram
Breaking news the moment it lands. At 10,000 members we ship the Android app.