Part of the nervousness in the market over the last few days is attributed to this imminent action on the part of the securities watchdog.
Most of the large broking houses, especially those with a huge retail client base, accommodate their clients by providing them with funds. Since the arrangement is mostly bilateral, figures are hard to come by.
According to industry insiders, the figure outstanding at any point of time could be between Rs 2,000 crore and Rs 3,000 crore.
