SEBI

Solicitor General Tushar Mehta, representing the Centre, submitted before a bench headed by Chief Justice of India D.Y. Chandrachud that: "Our instructions are that existing structure - Sebi and other agencies - are fully equipped not only regime wise but otherwise also, in taking care of the situation.

The interim application, filed by advocate M.L. Sharma, said media hype has led to the Indian share market "crashing by more than 50 per cent and the allegations are creating panic amongst the investors". Sharma's application is a part of his PIL, which was filed last week. The plea has not been listed so far for hearing.

As per SEBI norms, short selling shall be defined as selling a stock which the seller does not own at the time of trade. All classes of investors, viz., retail and institutional investors, shall be permitted to short sell. The securities traded in the F & O segment shall be eligible for short selling. SEBI may review the list of stocks that are eligible for short selling transactions from time to time.

Sources said Indian markets have been under onslaught in the last few trading sessions and a probe will ascertain the role of short sellers in bringing the market down. According to a SEBI discussion paper, short selling -- the sale of a security that the seller does not own -- is one of the long-standing market practices, which has often been the subject of considerable debate and divergent views in most of the securities markets across the world.

There has been a significant increase of over 500 per cent in the number of individual traders in the equity F&O segment in FY 2021-22, as compared to FY 2018-19. Ninety-eight per cent of individual traders in the equity F&O segment traded in options during FY 2021-22. On average, loss makers registered net trading loss close to Rs 50,000 in FY 2021-22.

The raids comprising search and seizures were carried out at the homes and offices of around half a dozen entities reportedly engaged in front-running based on illegally obtained market information for profits. The SEBI sleuths swooped at multiple locations in Pune, Kolkata, NOIDA and Jaipur

In a new announcement, the SEBI has published a black-list of 'untraceable defaulters', some who are missing since 2014, and hence it has been unable to serve them the Notices of Demand. A few of the SEBI listers operating from tenements are: Prakash Gaurishankar Joshi, from Dilkhush Chawl No. 3 in Borivali east, untraceable since August 2018; Ashok Bhagat of H-19 Ramji Gupta Chawl in Santacruz west, unavailable since June 2014 and for another demand notice since August 2019. There is also Mahesh Mistry with an address at No. 1 Manraj Driver Chawl in Andheri east, and other addresses at Marine Lines, Fort, Vile Parle and in Thane, out of bounds since July 2014, August 2018 and May 2019 for multiple demand notices that remain unserved.

The matter came to light when the SEBI Recovery Officers attempted to serve the notices of demand on these defaulters against whom the Recovery Certificates have been drawn up.

In a short span of time, they have emerged as among the most preferred instruments of investment, offering high fixed returns. Experts, in fact, are of the view that InvITs are going to be crucial for long-term growth of the economy. InvITs consist of four elements, namely a trustee, sponsor(s), investment manager and a project manager.

The scrip had touched the 52 week high of Rs 567.85 and low of Rs 75.55. NDTV shares went up following the nod given by the Securities and Exchange Board of India (SEBI) to the Adani Group to float the open offer for 26 per cent stake in the channel company.