The Indian market watchdog is increasing its inspection of online marketplaces catering to small and medium-sized enterprises.
Stock Market News
Dated:-26-09-2023
The Securities and Exchange Board of India (SEBI), India's market regulator, decided during a surveillance meeting on Tuesday to increase its monitoring of trading platforms for small and medium-sized enterprises (SMEs). Concerns about stock-price manipulation in the increasingly popular small and medium-sized enterprise (SME) sector prompted the decision.
In response to these worries, the major exchanges in the nation, including BSE Ltd. and the National Stock Exchange of India, have extended their short-term surveillance regulations to cover companies listed on their SME platforms. This program is an enhancement of a monitoring system these exchanges introduced in 2018 for equities trading on their major boards. By reducing trading ranges, raising margins, and moving assets to a trade-to-trade group where quick delivery is required to curb speculation, the framework was created to protect investors' interests.
Despite the fact that India's SME IPO Index (of which there are 63 members) has greatly outperformed the country's main equities indices, regulators have recently tightened their grip. The SME IPO Index has increased by almost 1,900% since the end of 2018, far outpacing the increase of 59% seen in the BSE Sensex Index over the same time period.
According to information found on exchange websites, 135 small and medium-sized enterprises (SME) have debuted on the market this year, with another 20 expected to do so in the near future.
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