Sebi, NSE to take appropriate actions: FM on Nifty crash

October 06, 2012 19:18

A day after stock market benchmark Nifty witnessed a 900-point flash crash, Finance Minister P Chidambaram on Saturday said the matter is being investigated and regulator Sebi would take necessary actions in this regard.

Addressing the media after meeting Sebi top officials in New Delhi, he said that he has been told that there was no systemic risk in the capital market and the stock exchange NSE had come out with a statement explaining the incident.

He said the NSE had said it is investigating the matter and market regulator Sebi (Securities and Exchange Board of India) would take necessary actions.

He was replying to queries on fall of about 900 points or close to 16 per cent in Nifty within seconds in a flash crash like situation yesterday morning, which led to a halt in trading at NSE for about 15 minutes.

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