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Under the Sebi Act, the regulator has the power to carry out search and seizure of books, registers, documents including electronics and digital devices from any person associated with the securities market. Stocks dropped on Friday afternoon, as gains made earlier in the day on hopes for diplomatic progress between Russia and Ukraine turned to losses. Technology stocks were hit particularly hard by higher bond yields. READ MORE Sebi said data, emails and other documents are being retrieved from the seized devices and detailed investigation is in progress. The Russian invasion of Ukraine has been a driving force in markets for the past few weeks.
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