Sebi monitoring volatility spike

Mumbai: Sebi is closely monitoring the spike in volatility in the Indian stock markets amid the global Covid-19 scare, wholetime member SK Mohanty said. “The surveillance department is checking whether it (volatility) is due to fundamental factors or induced by fears of the virus,” he said. “We have not pressed the panic button or issued a press release of dos and dont’s but are monitoring the situation very closely.” Fear gauge India VIX hit a 9-month intraday high of 26.49 on March 3.