Market regulator Security Exchange Board of India (Sebi) is looking into complaints that some bear cartels may be at play in beating down the share prices of some blue-chip companies through manipulations in the futures and options segment of the stock markets. The regulator is analysing the trading pattern of many such stocks to ascertain whether any manipulation has taken place, while data is also being collected for the brokers and traders having traded heavily on these counters, sources said.According to a senior official, the bear cartels generally resort to such manipulations whenever there is a sustained downtrend in the markets, as they seek to maximise their profits by taking huge short positions in derivatives market on stocks and indices expected to witness a fall.
Source : Financial Express
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