Mumbai, Jan 30 (UNI) The Security and Exchange Board of India (SEBI) did not visualise any need for its immediate intervention in the volatile capital market conditions, witnessed in the last few days, and said that it was closely watching the situation and interacting with the exchanges.
SEBI Chairman M Damodaran, speaking to newsmen after a Board meeting, said the Board need not make any frequent interventions and go in for any inquiry of violent fluctations. It was fully aware of the market conditions and was closely monitoring the situation, he said adding that SEBI would keenly review not only a steep fall but also a sudden upsurge.
Replying to a question, he said the Board would definitely look into the concern of retail investors, but had no swift mechanism to have a check on day traders keen to make fast buck from the market.
UNI VK OBB AG1957