Equity and derivatives trade violation of PSBs: SEBI investigates

Must Read

Howdy, Modi! : World media reactions on Modi-Trump’ grand Houston Event address

New Delhi, Sep 23: United States President Donald Trump and Indian Prime Minister Narendra Modi on late Sunday shared...

Howdy Modi : Modi-Trump mark history in US-India relationship with great show at Houston

Houston, Sep 22:  Modi, delivering his speech at the historic event, talks about the development underwent over five years...

ECI announces dates of Maharashtra & Haryana elections; Single Phase Election on October 21; Result on 24th

Election Commission of India has announced the dates of much-awaited state elections. According to the Chief Election Commissioner, Sunil...

SEBI, the market regulator along with the stock exchanges are looking for any sort of manipulation in the trade of some equity as well as derivative public sector banks ever since a fake letter has been circulated for misleading the investors. This fake notice comprised of the logo of the regulator and also addressed the National Stock Exchange which was doing the rounds on numerous WhatsApp groups and other social media platforms on February 21. After the PNB scam of Rs. 11,400 Crore, this letter created an upsurge and mislead the market community by suggesting that SEBI was investigating about the details of the future as well as options data of all those brokers and investors who had the various PSBs shares.

While this letter was found out to be fake, the regulator, as well as the exchanges, are still looking into the trade details of the bank stocks to find out whether any suspicious activities taking place or not. Details from the telecom as well as internet operators will be taken too if needed. NSE put a clear statement forward stating that SEBI did not issue any letter a day after the letter came into circulation and also stated that the exchange had not been notified of any such directive.

The exchange also requested the trading members to warn their clients and ask them to remain aware of such a letter being circulated by some unregistered and unauthorized individuals. The exchange also noted that SEBI has clarified about no such letter being issued and NSE too has not received any such letter from SEBI. According to the fake letter, SEBI had asked NSE to furnish the futures as well as options data of all the mutual funds, brokers, clients and institutions whoever is keeping their future position open at the end of the settlement on 22nd February of the PSU bank futures contracts.

- Advertisement -

Latest News

ED team in Tihar Jail to question P. Chidambaram

New Delhi, Oct 16 (IANS) A team of Enforcement Directorate (ED) officials on Wednesday arrived at the Tihar jail...

West Indies announce squads for Afghanistan challenge

St. Johns (Antigua), Oct 16 (IANS) West Indies have announced their squads for the upcoming tour against Afghanistan in which they have included several...

VHP stalls ‘Trishul Diksha’ in Ayodhya

Ayodhya, Oct 16 (IANS) The Vishwa Hindu Parishad has ended its 'Trishul Diksha' programme in Ayodhya and other places 15 days ahead of its...

Car bomb blast in Afghanistan, many feared killed

Mehtarlam, Afghanistan, Oct 16 (IANS) Several people were feared killed and injured after a car bomb blast rocked outside administrative office in Alishing district...

Markets open on positive note, PSU banks up (Lead)

Mumbai, Oct 16 (IANS) Indian markets opened higher on Wednesday led by gains in banks and financial sector stocks amid supportive global markets.At 9.45...
- Advertisement -

More Articles Like This