22
Jul
The government informed Parliament on Monday that the Securities and Exchange Board of India (Sebi) received representations over the market fall on June 4—the day the Lok Sabha election results were announced. However, the market regulator has no specific information on any 'unfair trading' that took place in the stock market on that day, which wiped out ₹30 lakh crores of investors' wealth. In a written reply to a question related to the moves registered on the Sensex and the Nifty on June 4, Minister of State for Finance Pankaj Chaudhary said, “Though SEBI has received representations on the above…