Measures in place to address excessive market volatility, says Sebi

Sebi has begun examining the crash in Adani group stocks and is said to have increased the scrutiny of the Adani group and its investors

The Securities and Exchange Board of India (Sebi) on Saturday said there are measures in place to deal with excessive volatility and it remains committed to maintain market integrity.

“During the past week, unusual price movement in the stocks of a business conglomerate has been observed. As part of its mandate, Sebi seeks to maintain orderly and efficient functioning of the market and has put in place a set of well defined, publicly available surveillance measures (including the additional surveillance measure framework) to address excessive volatility in specific stocks. This mechanism gets automatically triggered under certain conditions of price volatility