Sebi, stock exchanges step up surveillance of intra-day trading

NEW DELHI: Capital markets watchdog Sebi and stock exchanges have stepped up their live surveillance of intra-day trading in select stocks in the wake of increased volatility seen in these scrips; and any manipulator would face strict regulatory action. Sources said the Sebi has asked the exchanges to beef up their vigil for any possible manipulation in stocks that are witnessing huge volatility and to report any irregularity urgently to the regulator for further action. These surveillance measures include identification of unusual concentration of positions intraday, stepping up of the already existing order-level surveillance in addition to the trade-level surveillance, a source said.