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Sebi monitoring situation: Bhave

Source: PTI
September 30, 2008 11:14 IST
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The Securities and Exchange Board of India on Tuesday allayed fears of the US financial crisis affecting Indian markets, saying there was no panic as it was monitoring the situation very closely.

Sebi chairman C B Bhave made statement just before his meetings in North Block.

"There is no panic in Indian market and we are monitoring the situation closely," he told reporters in Mumbai.

Within minutes of Bhave's statement, the stock markets recovered early losses.

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