Mumbai, Dec 14: Warning a section of media which put out "agenda-driven" news, market regulator SEBI today said it would tighten its leash on such media to protect interests of the investing public.
"We will find a way to deal with this type of news in the interest of average investors," SEBI Chairman M Damodaran said after inaugurating the ticker showing BSE's live quotes and a video screen at the Bombay Stock Exchange here.
He was critical of a section of the electronic and print media which disseminated "agenda-driven" messages from "vested interest groups" as information.
Some personal views were projected by TV channels as expert advice on investment opportunities, he added.
NDTV Media, which has tied up with BSE in providing the technology, will display the contents of its business channel NDTV Profit on a screen put up below BSE's live ticker.
While commending the BSE's initiative as one more medium to communicate, Damodaran said: "This initiative is to enable the man on the street to read the writing on the wall".
BSE Managing Director and CEO Rajanikant Patel said the objective was to bring a new medium to raise the status of the BSE building and promised a more professional content on the ticker to be displayed till 8 o'clock in the evening daily.
Chairman of NDTV Media, Pranoy Roy said: "All stock markets must have transparency, credibility and provide information as widely as possible."
