SECONDARY MARKET DEPARTMENT
The Presidents/Executive Directors
all the stock exchanges.
Monitor and track net sales position
The prices on the stock exchanges in the country have been going down for sometime now and there has been a drop in the various indices. In these circumstances, the stock exchanges should
Ensure that open net sales positions are monitored. The stock exchanges should identify and track brokers with large net sales positions in the highly traded scrips. The exchanges may require brokers with large sales positions to show evidence of delivery or make ad-hoc margin payments.
Take such other regulatory measures under the powers vested in them that would reduce the risk in the market especially pertaining to short sales by members.
The exchanges, should keep SEBI informed of the steps that they have taken in this regard.