Hindenburg-Adani case: Sebi said all monitoring arrangements are in place to deal with the situation
SEBI has given a big statement regarding the uproar in the stock market due to the Hindenburg report and the issue related to the Adani group. SEBI said in the Adani case that it is committed to maintaining fairness, efficiency and sound fundamentals in the market. We are committed to ensure that the stock market functions in a seamless, transparent, efficient manner, as it has been doing so far.Securities and Exchange Board of India (SEBI) said that during the last week the shares of a trading group Unusual volatility was observed in the price. All monitoring mechanisms are in place to deal with extreme volatility in particular stocks for smooth and efficient functioning of the market.
This arrangement gets activated automatically under certain conditions when there is a fluctuation in the prices of any share. After all specific cases are brought to its notice, the regulator examines them as per the extant policies and takes appropriate action. Stock exchanges BSE and NSE have listed Adani Group companies Adani Enterprises, Adani Ports and Special Economic Zone and Ambuja Cements as their short-term holders. placed under Additional Monitoring Measures (ASM). This means that 100 per cent upfront margin will be applicable for ‘intra-day trading’ to prevent speculation and ‘short-selling’ in these shares. PLC/GT