ASSOCHAM
SEBI ready for all eventualities in markets on vote-counting day, says U.K. Sinha A day ahead of counting of votes for the Lok Sabha elections, SEBI Chairman Mr U K Sinha said today at the ASSOCHAM meeting that the stock market regulator along with the Reserve Bank and the government has prepared a strategy to deal with any unusual movement in the market tomorrow. “SEBI along with RBI and the government of India has prepared a strategy and we are ready for any unusual movement in the market. We are ready with the guidelines as to what action to take in what situation,” Mr Sinha said after his interaction with the ASSOCHAM members on the primary market. Asked about the possible risks to the market because of exuberance in the run-up to the election results and in the possible scenario of the results not going on the expected lines, the SEBI chairman said, “Exchanges are looking into as to what are the clients’ collateral positions, the brokers’ collateral positions....