New Delhi: The Sebi on Thursday said that it was studying information from its surveillance mechanism to find out if some entities had engineered the recent stock market crash.
"We have all the information about who bought and sold stocks in the short-term, but we are not saying at this stage whether they manipulated the stocks or the market," PTI quoted the Sebi Chairman M Damodaran as saying.
The Sensex had lost 1,700 points within minutes of opening on October 17, necessitating halt of trade for an hour.
On October 16, the Sebi had come out with proposals to regulate foreign investments.
The events of that day have made many of the top market players, especially foreign portfolio investors, suspects.
"I will not be able to comment till it (probe) is brought to the state of finality," Damodaran added.
He also said that some entities had bought and sold significantly at that time.
The probe would ascertain whether some of these players had indulged in price manipulation as it is possible that the same set of investors, who had put sell orders on opening, were also the first to snap up stocks after it reopened an hour later.
He said before reaching a conclusion, the regulator would have to listen to the accused, who may have an explanation for their large scale buying and selling.
Referring to the pending court cases, the SEBI chief said they "should not deflect" the probe.
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