Sebi, exchanges beef up surveillance mechanism amid market meltdown

Securities and Exchange Board of India (Sebi) and stock exchanges beefed up their surveillance mechanism amid spike in volatility in the market following a rout in the global markets.
 
According to the sources, regulator and bourses are also keeping a close tab on the market manipulator who may take advantage of volatile trends expected in both equity and the derivative segments.
 
Sebi and stock exchanges had a discussion on the ongoing sell-off in the market. The regulator expressed concerned over systemic risk to the market if margin calls get triggered due to stock volatility in the stock prices,