SEBI has released a statement on Market Stability intimating their mandate to maintain orderly and efficient functioning of the market

The Securities and Stock Exchange of India (“SEBI”) has released a statement on Market Stability. Through the Press Release SEBI has intimated that –

1. The Indian financial market has demonstrated ongoing stability and is continuing to function in a transparent, fair and efficient manner.
2. Across country comparison of dollar adjusted market returns with both peer and developed countries, during the past 3 years till date, places the Indian Market as a positive outlier.
3. Though unusual price movement in the stocks of a business conglomerate has been observed SEBI seeks to maintain orderly and efficient functioning of the market and has put in place a set of  well  defined,  publicly  available surveillance  measures  (including  the  ASM  framework)  to  address  excessive  volatility  in specific stocks. This mechanism gets automatically triggered under certain conditions of price volatility in any stock
4. For specific entity related matters, if any information comes to SEBI’s notice, then the same is examined and after due examination, appropriate action is taken.
5. SEBI is committed to ensuring market integrity and to ensuring that the markets continue to have the appropriate structural strength to function in an uninterrupted, transparent and efficient manner.

Source: Securities and Stock Exchange of India