Sensex & sensibility: Trading ring to AI, Dalal Street darling has seen it all

Markets regulator Sebi is using AI-driven tools to analyse compliance of its rules. Sebi is also in the process of developing one such tool that would test the cybersecurity preparedness of its regulated entities, chairman Tuhin Kanta Pandey said. The Sebi chief was speaking at an BSE event to commemorate the 40th year of the sensex.

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The regulator’s AI-based tools include Sebi Sudarshan for surveillance of unauthorised digital activity and sentiment analysis of corporate announcements. An AI-driven inspection tool is currently under development to strengthen risk-based supervision of regulated entities, Pandey said. He said that the Indian securities market was deeply intertwined with the history of BSE, one of the oldest stock exchanges in Asia. “Very few institutions anywhere in the world have witnessed and endured global crises such as the World Wars, the Great Depression of 1929, Oil shock, the Dot-com bubble-burst, the global financial crisis, and more recently the pandemic.”