Mumbai, Jul 5 (PTI) Sebi chairman Tuhin Kanta Pandey on Saturday made it clear that market manipulation is not going to be tolerated.

Speaking with reporters a day after an interim order against New York-based hedge fund manager Jane Street, Pandey said surveillance has been increased both by the regulator and also at the exchange level.

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When asked if similar patterns have been seen with other foreign portfolio investors as well, Pandey said, "All what I can say that market manipulation is not going to be tolerated".

He was speaking on the sidelines of an event organised by the Bombay Chartered Accountants Society.

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)