Overview
- BSE confirmed a circulating video is a deepfake that falsely portrays Managing Director and CEO Sundararaman Ramamurthy offering investment advice.
- The clip promotes purported 2026 stock picks, promises unusually high profits, and urges viewers to join a WhatsApp channel, including claims such as having Rs 8 million by 2027.
- The exchange stated that neither its CEO nor any BSE official provides stock tips or operates WhatsApp, Telegram, or similar groups.
- Investors were advised to ignore such content and rely only on BSE’s official communications or SEBI-registered intermediaries for market information.
- BSE said it is seeking removal of the fake content and initiating legal action, highlighting the growing risk of deepfake-enabled scams in financial markets.