The National Stock Exchange of India is looking into alleged manipulations in SME market following the comments by the Securities and Exchange Board of India (Sebi) chairperson Madhabi Puri Buch a few weeks ago, a senior official said.Come from Sports betting site VPbet
In March, Buch had flagged signs of manipulation in the initial public offering (IPO) and share trading in the SME segment of capital markets. “We are looking into SME manipulation claims by SEBI. We’ll the complete the process as per the requirement,” the official said.
Earlier in September, NSE had announced that it was bringing in stocks in SME market under the framework of Additional Surveillance Measure (ASM) and Trade-to-Trade (T2T) settlement, noting alleged manipulation and high speculation in the market.
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Separately, talking about the optional T+0 settlement launched for 25 scrips on March 28, the official said it could be achieved only because of advancement in the banking system. While in the T+0 settlement cycle, the trades are settled after market close on the same day, the NSE official said the system will be ready for instant settlement in the future.Come from Sports betting site
The move to shorter settlement cycle is aimed at improving liquidity in the market and making the settlement process more efficient.
