SEBI assures that markets are safe
By Our Markets Bureau | 18 May 2004
"We held a meeting this morning to review the settlement problem and risk management. To our mind, there is no problem in settlement," SEBI Chairman G N Bajpai said. SEBI also ruled out the operation of any bear cartel in the fall of the sensex yesterday. "Our data does not state any market misconduct. If anyone is found guilty, we will take action," he said. "The Indian financial markets are very safe for investors, he added.
Bajpai
further said that domestic and overseas investors responded
to the market sentiments on political uncertainty over
reforms.
"We do not advise investors to invest or not to invest.
Our concern is how safe the markets are and we believe
there is nothing to worry about. The Indian financial
markets are very safe and sound," he said.
Bajpai
did not find any fault with the broking community and
said: "So far the data doesn't show any misconduct.
There is no settlement crisis."
.jpg "RBI keeps repo rate unchanged as focus remains on inflation")
.jpg "Indian Oil, Panasonic team up for lithium-ion cell production in India")
