'Sebi did not get specific info on unfair trading on LS poll results day'

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'Sebi did not get specific info on unfair trading on LS poll results day' - Business Standard

Quick Summary:

Capital markets regulator Sebi has not received any specific information on any 'unfair trading' in the stock market crash on the Lok Sabha poll results day on June 4, which wiped out billions of investors wealth, Parliament was informed on Monday.

"Though SEBI has received representations on the above stock market movements, no specific information on any unfair trading has been provided," Chaudhary said in his reply.

In a written reply to the Lok Sabha, Minister of State for Finance Pankaj Chaudhary said stock market movements are a function of investor perceptions along with other factors.