Chief Justice of India DY Chandrachud has advised market regulator SEBI and the Securities Appellate Tribunal (SAT) to exercise caution amid a significant surge in equity markets and called for more tribunals to ensure that the “backbone is stable”.
Inaugurating the new SAT facility here, the CJI asked the authorities to consider opening new SAT rooms given the increased workload due to higher number of transactions and new regulations.
Referring to news articles describing the crossing of the 80k-point milestone by the BSE as a moment of ecstasy, where India is entering into stratospheric dominance, the CJI noted that such events emphasise the need for regulatory authorities to ensure that everyone maintains their “balance and nerves” amid the victories.
This story has been obtained from a third party syndicated feed, agencies. DailyNewsHype accepts no responsibility for the reliability, truthfulness, accuracy and data of the text. DailyNewsHype/DailyNewsHype.com management reserves the sole right to modify, delete or remove (without notice) the content at its absolute discretion for any reason.
