In a bid to calm nerves in stock markets, security market regulator SEBI on Friday said it is prepared to take ‘suitable’ action along with the exchanges when required.
The statement comes on the backdrop of the recent bloodbath in the Indian stock market in line with global indices. On Friday, trade was halted for 45 minutes both on the BSE and the National Stock Exchange (NSE) after the Sensex and Nifty50 touched the 10 per cent lower circuit.
SEBI also said that the fall in the Indian stock exchanges over the past one month has been lower than their global counterparts.
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