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No time set for Sebi report tabling, says FM

Indian Finance Minister Yashwant Sinha said on Monday no decision had been taken yet on when to introduce in Parliament a report by the country's stock market watchdog on a plunge in domestic shares prices.

"It's not known in which house (upper or lower) of Parliament it will be presented," Sinha told reporters.

Sinha said Parliament's business advisory committee, due to meet late on Monday, would decide when it would be tabled.

The Securities and Exchange Board of India presented the interim report to the finance ministry on Sunday.

Sinha refused to disclose the report's contents, saying he would only speak on the matter in Parliament.

Union finance ministry officials met to discuss what action to take over the report but were also tightlipped about its contents.

Media reports said Sebi had accused short sellers of helping trigger the stock crash.

Sebi began its probe after shares nosedived in early March following presentation of a market-friendly budget. The falls sparked allegations of insider trading and price rigging.

The Sensex has lost over 29 percent from its March 1 intra-day peak, a day after the budget was released.

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