SEBI, Stock Exchanges improve Surveillance before Exit Poll Results

Stock exchanges and SEBI have enhanced their surveillance mechanism to monitor any illegal activities in the market in view of the high-octane elections.

The enhanced monitoring and surveillance systems were already in place on Monday, the first trading session after the declaration of the exit poll results. These systems will be ramped up on 23 May 2019 when the Lok Sabha election results are out.

The exit poll results may have a bearing on trading and the increased surveillance will help monitor any possible volatility and manipulations in the stock markets. Manipulators are known to exploit such situations to their advantage.

Also Read: SEBI tightens margin requirements for equity derivatives

As per an official, “Movements in Nifty futures and options on the Singapore exchange will also be closely monitored. Trading in Singapore stock exchange starts much before Indian markets open and their trends generally have an impact on domestic markets.”

The BSE Sensex soared a whopping 537 points and the NSE Nifty regained the 11,400 level Friday in a broad-based rally before the poll results. During this week, the Sensex received 467.78 points or 1.24% and the Nifty advanced 128.25 points or 1.13%.

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