SEBI cautions SEs

MUMBAI: Even as Sensex went into a tailspin, the Securities and Exchange Board of India today asked stock exchanges to take proactive surveillance measures to ensure not just safety but also integrity of markets.

The exchanges were also told to make full use of surveillance capability and stock watch system and ensure against manipulation. As volatility was spurred by rumours, it was felt that exchanges must verify rumours and disseminate the correct position.