Sebi watching 'unusual market movement'

Market regulator Securities and Exchange Board of India on Friday said the movements in the stock market during the past two days were 'slightly unusual' and "we are keeping a close watch on the trading pattern."

"The movements in the market were slightly unusual and we are keeping a close watch and analysing the data," Sebi Chairman G N Bajpai told newspersons at the Bombay Stock Exchange.

"We will take action for any inappropriate movement," he said referring to the sudden volatility in the market.