The National Stock Exchange of India is looking into alleged manipulations in SME market following the comments by the Securities and Exchange Board of India (Sebi) chairperson Madhabi Puri Buch a few weeks ago, a senior official said.

In March, Buch had flagged signs of manipulation in the initial public offering (IPO) and share trading in the SME segment of capital markets. “We are looking into SME manipulation claims by SEBI. We’ll the complete the process as per the requirement,” the official said.

Earlier in September, NSE had announced that it was bringing in stocks in SME market under the framework of Additional Surveillance Measure (ASM) and Trade-to-Trade (T2T) settlement, noting alleged manipulation and high speculation in the market.