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Indian securities market has banned naked short selling; the impact of this SEBI decision will be felt on Monday's trading day
Following Friday's closing of the stock market, SEBI released a circular. Things like outlawing naked short sales on the Indian stock exchange are highlighted in this circular. Additionally, the impact of SEBI's judgement will be evident on Monday's trading day, which is tomorrow. The day trading of institutional investors has also been prohibited by SEBI with the new circular.
Following Friday's closing of the stock market, SEBI released a circular. Things like outlawing naked short sales on the Indian stock exchange are highlighted in this circular. As a result, the impact of this SEBI judgement will be evident tomorrow, or on Monday's trading day.
SEBI has prohibited institutional investors from engaging in day trading through the new circular. This circular states that delivering securities at the time of settlement will henceforth be required of all investors.
Furthermore, it has been reported that this circular includes universal rules for taking action against brokers who fail to deliver securities at the time of settlement. The obligations of brokers and exchanges have been discussed extensively in this SEBI circular.
