Market watchdog Sebi warned brokers against manipulations in the stock market, urgin them to keep an eye as "bad elements can come into the system".
"Manipulations are going on and Sebi cannot intervene in all of them," said Sebi Whole Time Member Kamlesh Chandra Varshney.
He told PTI that the Securities and Exchange Board of India is using AI for investigations, and that it will come out with a cyber security and cyber resilience framework for the regulated entities. Sebi has cracked down on various entities for manipulations, including front-running activities.
He pointed out that investor trust is important, cautioning that if there no trust, "everything will fail".
He was speaking at the 13th International Convention of the Association of National Exchanges Members of India (ANMI) in New Delhi. He remarks come as the country saw total number of demat accounts climbing to 13.9 crore in 2023 end
