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SEBI issues show-cause notices to top brass of NSE & BSE

SEBI issues show-cause notices to top brass of NSE & BSE



The Securities and Exchange Board of India (SEBI) has issued show-case notices to the top brass of the Bombay Stock Exchange (BSE) and the National Stock Exchange(NSE) for their failure to detect and check price manipulation in three scripts ,in its notice dated February 10, SEBI asked to explain lapses in detecting the abnormalities in price and volume in the scrips -Sterile Industries, BPL Ltd and Videocon Industries.