COVID-19: Sebi says measures to tackle market volatility to be in force till September 24

By: |
Updated: August 26, 2020 9:04 PM

In the wake of the pandemic, Sebi in March, came out with various measures, including revision of market-wide position limit, to ensure orderly trading and settlement to contain high market volatility.

Sebi on market volatilityCapital markets regulator Sebi

Capital markets regulator Sebi on Wednesday said measures to deal with market volatility will be in place till September 24 after reviewing the coronavirus pandemic-related situation.

In the wake of the pandemic, the watchdog, in March, came out with various measures, including revision of market-wide position limit, to ensure orderly trading and settlement to contain high market volatility.

Besides ensuring orderly trading and settlement, these steps were aimed at effective risk management, price discovery, and maintenance of market integrity.

“On review of the COVID-19 pandemic related situation, it has been decided that the regulatory measures introduced vide Sebi press release dated March 20,2020, shall continue to be in force till September 24, 2020,” the regulator said in a release on Wednesday.

The stock exchanges and clearing corporations will be issuing necessary instructions to market participants in this regard, it added.

The measures were also aimed at limiting short-selling of shares as well as reduce volatility in individual stocks. All these measures had come into force from March 23.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Maharashtra mandis report 20% loss due to lockdown
2This 2-day old crypto is already worth $36 billion; among top-10 coins after Bitcoin, Ethereum, others
3India focused offshore funds, ETFs see USD 376 mn outflow in March quarter