GAGA Share Market News

[hfe_template id='11223'] [ad_1] Mumbai: The capital market regulator is cracking down on gaming apps providing virtual trading services and fantasy games based on the movement of real-time share prices of listed companies, which have mushroomed over the past few years in the wake of high retail investor appetite for stock trading. The Securities and Exchange Board of India (Sebi) has asked exchanges and depositories not to share real-time price data with third parties in a move aimed at quashing such activities. "If the data is used for education or fun purposes it's fine, but monetary incentives can't be allowed based on the performance of the virtual stock portfolio," said a regulatory official. "Then it's like dabba trading, which is illegal." The Sebi action, however, will not impact media agencies providing real-time data feeds. Agencies 'Precautionary Measure' Several stock gaming online platforms have been launched in Ind...