With an aim to use latest technology in its probe and oversight on stock market deals, watchdog Sebi is putting in place new software tools that would analyse discussions on social networking platforms.
Besides social networking websites such as Facebook, Twitter and various blogs, the new software will also assist the regulator in analysis of traditional social neworks, which could be any forum where various people discuss matters related to stock markets.
In the recent past, a number of blogs have cropped up where their members discuss stock market trends and in many cases tips are also exchanged for buy or sell transactions.
Similarly, Facebook and Twitter — two of the most famous social networking websites in today’s world — are also full of such discussions and it is feared that some scrupulous elements could be using such forums for market manipulation activities.
