The move is a part of efforts to curb manipulative practices in the market through the use of social media.
That apart, with increasing popularity of platforms like Twitter and Facebook, capital market regulators worldwide are also looking to tap such tools to understand overall trends and gather intelligence.
A senior Sebi official said it would take some time before the regulator finalises guidelines on social media use.
"It will take quite sometime to get our act together... We are starting something on a very, very preliminary level," the official said.
The International Organisation of Securities Commissions (IOSCO), the global grouping of capital market regulators, recently resolved to focus on the social media, which could also serve as a tool for gathering market intelligence and identifying trends.
Issues related to behavioural economics and the social media in the context of the securities market were discussed by the board members of IOSCO in their meeting held in June.