SEBI Didn't Get Specific Info On Unfair Trading On Poll Results Day: Minister
NDTV
Equity markets witnessed a bloodbath on June 4 with Sensex tanking 4,390 points or nearly 6 per cent. This was the worst single-day fall in four years.
Capital markets regulator Sebi has not received any specific information on any 'unfair trading' in the stock market crash on the Lok Sabha poll results day on June 4, which wiped out billions of investors' wealth, Parliament was informed on Monday.
In a written reply to the Lok Sabha, Minister of State for Finance Pankaj Chaudhary said stock market movements are a function of investor perceptions along with other factors.
He was replying to a question whether it is a fact that there is an unprecedented fall in stock prices and points amounting to a loss of Rs 30 lakh crores to investors immediately after the general elections-2024 results.
