A bull run in the Indian stock market is usually cut short by a scam, and then a collapse. Yet, this time the market regulator seemed determined to check market abuse even as the Bombay Stock Exchange Sensex index climbed close to the 4000 mark.
Last month the Securities and Exchange Board of India (Sebi) barred Samir Arora, ex-head of Asian emerging markets equity at Alliance Capital, from the stock market alleging breach of fiduciary trust and violation of takeover rules.
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