Sebi panel for short sales by institutionsOur Web Bureau / Mumbai December 29, 2005The Secondary Market Advisory Committee (SMAC) of Securities and Exchange Board of India (Sebi) has recommended that institutional investors, who are currently prohibited by respective regulations, be permitted to short sell shares to enable a level playing field for all classes of investors.According to a discussion paper released on the website of the market regulator, the present regulatory restrictions allow only retail investors to short sell shares."Short selling
