Markets regulator Sebi and stock exchanges are looking into possible manipulation in equity and derivatives trade of some public sector banks (PSBs) in the wake of circulation of a fake letter purportedly for misleading the investors. The fake notice bearing the regulator's logo and purportedly addressed to National Stock Exchange (NSE) was circulated on various WhatsApp groups and other social media platforms on February 21. A day after the circulation of the letter, NSE clarified that Sebi did not issue any letter and the exchange did not receive any such directive. Further, the exchange requested trading members to advise their clients to remain cautious on such unsolicited letter being circulated by unregistered and unauthorised entities. "It is clarified by Sebi that no such letter is issued and NSE has not received any such letter from Sebi," the exchange noted.

Source: dna February 25, 2018 05:26 UTC