Exchanges beef up vigil against unusual price movements

In 2016, BSE and NSE sent far more queries in this regard to listed firms

Amid growing instances of media reports triggering wild swings in stock prices, stock exchanges have raised their watch on this.

In 2016, the two major ones, BSE and the National Stock Exchange, sent 42 per cent and eight per cent more queries, respectively, over the previous year to listed companies, seeking clarity on rumours and for information verification. In the past two months itself, the exchanges have sent many more such queries.

The exchanges have put in place systems which generate alerts on company-specific news in the media. And, then follow up with companies to verify the news. Similarly, if