INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Regulator Sebi as well as stock exchanges have stepped up surveillance to keep a close tab on possible manipulations and
excessive volatility in the markets ahead of assembly elections results in Karnataka.
The results of the single-phase assembly elections
will be declared on May 15
However, before the formal announcement of the results, several agencies conducted exit polls, predicting the outcome
The exit poll results for the election were announced after voting ended on May 12.
A senior official said the markets regulator and stock
exchanges have beefed up surveillance and risk management systems to check any manipulative activities and excessive volatility risks on
Monday and Tuesday.
Similar additional safeguards have been effectively used during polls in Gujarat, Uttar Pradesh and other states in the
recent past as also at the time of 2014 general elections.
The keenly-contested elections in Karnataka is likely to have a major bearing on
the central government's economic agenda as well as on the Lok Sabha polls next year
The Karnataka polls are also being seen by some as barometer for the prevailing public mood about the Narendra Modi government at the
Centre.
The enhanced vigil on the markets will continue till May 15, when the results of election will be declared
Poll results will start coming in during trading hours on May 15
Typically, manipulators tend to exploit such volatile situations in the stock market
