Sebi, stock exchanges step up vigil before Karnataka elections results - News Summed Up

Sebi, stock exchanges step up vigil before Karnataka elections results


NEW DELHI: Regulator Sebi as well as stock exchanges have stepped up surveillance to keep a close tab on possible manipulations and excessive volatility in the markets ahead of assembly elections results in Karnataka.The results of the single-phase assembly elections will be declared on May 15. However, before the formal announcement of the results, several agencies conducted exit polls, predicting the outcome. The Karnataka polls are also being seen by some as barometer for the prevailing public mood about the Narendra Modi government at the Centre.The enhanced vigil on the markets will continue till May 15, when the results of election will be declared. Poll results will start coming in during trading hours on May 15. Typically, manipulators tend to exploit such volatile situations in the stock market.


Source: Economic Times May 13, 2018 04:30 UTC



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