SEBI takes first action against two firms for CAS trade manipulation

In its first interim order regarding the Closing Auction Session (CAS), SEBI has cracked down on alleged trade manipulation. The market regulator stated that Copthall Mauritius Investment Ltd and Mansi Share and Stock Broking used aggressive cash market orders to sway the Sensex. Additionally, SEBI has directed the impounding of ₹3.68 crore, which it claims were illicit profits.