SEBI to Ring-fence Against "Flash Crashes"
Market regulator Securities and Exchange Board of India (SEBI) has is looking to strengthen the risk management framework of stock markets to safeguard it against a "flash crash"- where value of a stock or index gets severely beaten due to a punching error or even a manipulative trade.
This follows three instances in the last few weeks when prices plunged in a matter of few seconds, reports said. The upcoming guidelines for stress testing of stock exchanges would ensure that appropriate systems are in place to safeguard the interests of investors, reports said.
FII’s Fancy Indian Equity Funds
International pension funds and insurance pools are bullish on domestic equity mutual funds in India due to better onshore fund management capabilities of Indian fund managers coupled with high levels of transparency and exposure to quality second line stocks, reports said.
FII investments in equity fund stood at Rs 1212 crore on March 31, 2012 against Rs 1048 crore in September 2011 and Rs 1027 crore in March 2011, reports said.
References: Hindustan Times, Times of India, The Hindu, Economic Times, Business Standard, Business line, India Today