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NIFTY 50 23,205.35 up stock 50.00 (0.22%)
NIFTY 100 23,823.25 up stock 84.85 (0.36%)
NIFTY 500 21,538.05 up stock 141.50 (0.66%)
NIFTY MIDCAP 50 15,008.20 up stock 233.45 (1.58%)
INDIA VIX 16.70 Down stock -0.07 (-0.46%)
NIFTY MIDCAP 150 20,047.95 up stock 351.05 (1.78%)
NIFTY SMALLCAP 50 8,346.10 up stock 108.75 (1.32%)
NIFTY BANK 48,589.00 Down stock -135.40 (-0.28%)
NIFTY AUTO 22,518.95 up stock 244.60 (1.10%)
NIFTY FMCG 55,781.80 up stock 185.75 (0.33%)
NIFTY IT 43,351.75 up stock 761.05 (1.79%)
NIFTY MEDIA 1,687.25 up stock 24.00 (1.44%)
NIFTY METAL 8,515.55 up stock 45.30 (0.53%)
NIFTY PHARMA 22,343.30 up stock 308.35 (1.40%)
NIFTY PRIVATE BANK 23,870.45 Down stock -95.50 (-0.40%)
NIFTY REALTY 873.70 up stock 8.65 (1.00%)
NIFTY OIL & GAS 10,702.00 Down stock -55.00 (-0.51%)
NIFTY COMMODITIES 8,098.00 up stock 79.95 (1.00%)
NIFTY ENERGY 33,866.60 up stock 61.40 (0.18%)
LEADMINI 188 up stock 0.20 (0.11%)
ZINCMINI 261.25 up stock 0.25 (0.1%)
SILVERMIC 89730 up stock 72.00 (0.08%)
GOLDGUINEA 59188 up stock 50.00 (0.08%)
GOLDM 72900 up stock 28.00 (0.04%)
COTTONCNDY 56540 up stock 20.00 (0.04%)
SILVER 89675 up stock 29.00 (0.03%)
CRUDEOIL 6609 Down stock -237.00 (-3.46%)
NATURALGAS 177.5 Down stock -0.30 (-0.17%)
NATGASMINI 177.5 Down stock -0.30 (-0.17%)
MENTHAOIL 942.2 Down stock -1.20 (-0.13%)
ZINC 260.7 Down stock -0.25 (-0.1%)
ALUMINIUM 220.5 Down stock -0.20 (-0.09%)
LEAD 187 Down stock -0.10 (-0.05%)

Published 11:51 IST, September 3rd 2024

SEBI probe into insider trading, market manipulation sees multifold rise in 2023-24

This spate of investigations also comes against the backdrop of increased deployment of technology by SEBI to improve its policing and enforcement.

Reported by: Business Desk
SEBI's regulation
Representative | Image: Republic Business

The Securities and Exchanges Board of India's (SEBI) investigation into insider trading and manipulation of markets have risen manifold in the financial year 2023-24. According to SEBI's recent annual report, the regulator took up 175 cases of insider trading-a sharp increase from 85 such cases in the previous fiscal. Investigations into market manipulation and price rigging have gone up to 160 in FY24 from 54 in FY23.

Source: SEBI annual report

This spate of investigations also comes against the backdrop of increased deployment of technology by SEBI to improve its policing and enforcement. At the core of this has been the setting up of a dedicated lab with multiple sources of data, data analytics software, and digital forensic capabilities. These various tools, many of which have been developed in-house, are harnessed together by state-of-the-art technologies such as AI and ML that enable screening through the masses of both structured and unstructured data.

"These tools have substantially augmented SEBI's capability to detect and connect the dots between the entities suspected of defeating securities market regulations," SEBI said in its annual report. The ability of the regulator to process large volumes of trade data and identify suspicious patterns therein has been instrumental in its proactive approach against market misconduct.

Market Intelligence portal

Further arming itself with ammunition, SEBI also introduced the Market Intelligence portal on 1 April 2024. This would be a common platform for inputs of market intelligence from citizens and stakeholders relating to issues regarding price/market manipulation, insider trading, corporate governance violations, among others. Hence, this marked further democratisation of the process of regulatory oversight since more people are allowed to participate in maintaining the integrity of the market.

Experts say that in this day and age, pro-active vigil and technology-driven investigations are what SEBI needs to conduct in order to preserve the sanctity of the country's capital markets.
 

Updated 15:30 IST, September 3rd 2024