Sebi bars two entities for ‘manipulating’ CAS

Sebi barred Copthall Mauritius Investment and Mansi Share and Stock Broking from securities market access. The regulator alleged manipulation of the Sensex during the new closing auction session. Sharp and unusual movements were detected in the index on August 13 expiry day. These actions aimed to benefit from outstanding Sensex options positions, Sebi stated. The entities allegedly generated wrongful gains totaling over Rs 3.6 crore.

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