Market players said the new norms were more suited for online brokers, where clients were typically internet savvy.
According to market regulator Securities and Exchange Board of India's regulations, FIIs are required to post collaterals for their transactions in the cash segment of the market.
The current market hours stand from 9.55 am to 3.30 pm.
Soon, you will see the birth of the hottest commodity futures in the world -- diamond derivatives.
The Bombay Stock Exchange may longer enjoy the exclusivity over the reporting platform for the corporate bond market
He also said the Forward Contracts (Regulation) Act would be amended to strengthen the regulatory framework of the commodity derivatives market.
"We will complete the transformation within May 2007 and are talking to select foreign exchanges for a possible partnership," Bombay Stock Exchange Ltd managing director and CEO Rajnikant Patel said.
The decline in stock values has created room for the issue of fresh participatory notes, but there are not many takers. P-notes are off-shore derivative instruments issued to foreign investors having securities as underlying. Sebi had banned the issue of derivative P-notes on October 25 last year. Brokers have started focusing on direct FII money rather than the P-note investments. New P-note regime & FII registration procedures are being implemented based on Sebi circular.
Stock markets regulator Securities & Exchange Board of India on Thursday rejected an application by MCX Stock Exchange (MCX-SX) to offer trading in segments like equities and equity derivatives, citing failure to comply with shareholding norms and illegal buyback agreements by promoters, among several other issues.
NTPC was the top gainer in the Sensex pack, rallying 3.44 per cent. Bharti Airtel, Bajaj Finance, TCS, HDFC twins, Yes Bank and RIL too gained up to 2.33 per cent.
FPIs would be classified into two categories instead of three, while the requirements for issuance and subscription of offshore derivative instruments would be rationalised.
The Indian rupee is going to get the futures contract soon. The Dubai Gold and Commodities Exchange will list a futures contract on the Indian rupee in mid-June.
Indian equity markets are likely to witness volatility this week due to concerns over rising cases of coronavirus and expiry of derivatives contracts, analysts said. Further, progress surrounding the COVID-19 vaccine, related updates, US stimulus talks and global cues would dictate the market trend, traders said. "Going ahead, the market is likely to be volatile as sentiments oscillate between fear of rising COVID cases globally and optimism over vaccine progress. Investors would closely watch out development over the US stimulus talks," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.
The country's largest private telecom operator Bharti Airtel on Wednesday reported a decline of 32 per cent in consolidated net profit at Rs 1,682 crore (Rs 16.82 billion) during the first quarter ended June 30, due to the foreign exchange losses.
Swiss brokerage UBS joins European banking peer HSBC in shutting down its offshore derivative business
In March, Sebi had decided to allow physical delivery in the equity derivatives segment to bring down speculation in the stock markets and had said it will hold talks with the stock exchanges and work on the system.
The majority of global equity trading and a significant proportion of trading in bonds, currencies, commodities and derivatives, is done on electronic platforms
The trading will commence from 9:45 am to 3:30 pm instead of 9.55 am to 3.30 pm in the Equity and Equity Derivatives segments on all business days.
The government would take a number of steps to energise and deepen the country's corporate bond as well as currency derivatives market.
Rajnikan Patel, CEO and managing director of the exchange, tells Business Standard in an interview that BSE remains in talks with global exchanges to offload equity.
The Sebi Act deals with securities and the definition of securities, according to the Securities Contracts Act, doesn't include commodities.
New bourse for currency derivatives the United Stock Exchange of India began operations on Monday and witnessed good volumes in the first hour of trade.
Forex dealers said besides heavy selling of the American currency by banks and exporters, a higher opening in the domestic stock market, supported the rupee.
Leading exchange BSE on Wednesday asked Infosys to explain why it did not make a disclosure about a whistleblower complaint which alleged that the company's top executives were following "unethical practices" to shore up profits through irregular accounting ways.
Foreign institutional investors, who are big players in the futures and options segment, are making a killing in the domestic market by using arbitrage as a weapon in the spot and derivatives trade as well as structured derivative deals. The arbitrage game is on despite the curb on the issue of P-notes or participatory notes by the Securities and Exchange Board of India recently.
The combined turnover in the futures and options segment and cash segment on the two premier bourses -- the National Stock Exchange and Bombay Stock Exchange -- was at Rs 2.82 lakh crore (Rs 2.82 trillion), up by Rs 46 crore (Rs 460 million) compared to the previous record of Rs 2.36 lakh crore (Rs 2.36 trillion) seen last month only.
The exchange has formed a new company -- NCDEX Spot Exchange--and senior officials said bullion will be one of the important products in spot market trading.
The 8.1 per cent interest rate was recommended by the Central Board of Trustees after its meeting in Guwahati under the chairmanship of Union Labour and Employment Minister Bhupendra Yadav, a labour ministry press statement said.
The Over-The-Counter (OTC) markets are essentially spot markets and are localised for specific commodities. Almost all the trading that takes place in these markets is delivery based.
FMC has been asked to go ahead with the appointment of 20 experts, which the commission had sought earlier.
Around two dozen flour mills with its maida supply dedicated to Nestle have stopped production.
To select the right platform, get the opinions of a few existing users or browse online for feedback. Select a platform that offers a seamless experience. Check that the platform you are going with is a regulated entity, suggests Sanjay Kumar Singh.
SBI was the top gainer in the Sensex pack, jumping around 3 per cent, followed by Kotak Bank, Axis Bank, Bajaj Auto, Tech Mahindra, UltraTech Cement and PowerGrid. NSE Nifty rose 36.40 points to 15,337.85.
Auto component makers in India are bracing for a tough time. High absenteeism among workers owing to Covid-19, shortages of critical parts, and temporary closures of plants by automobile manufacturers have thrown a spanner in the works for the Rs 3.2-trillion sector, which derives 60 per cent of its revenues from automobile original equipment manufacturers (OEMs), with the balance split equally between replacement demand and exports. Car market leader Maruti Suzuki India on Saturday said it was extending the maintenance shutdown, which was from May 1 to 9, till May 16, "keeping in view the current pandemic situation". Some activities will continue in the plants.
The Securities and Exchange Board of India is discussing a proposal to make it mandatory for brokers to collect margins from clients in the cash market. This is now practised only in the derivative segment.
The Nifty lost 83 points to close at 3,466.
Lack of closure to the algo controversy could weigh on sentiment, say experts
According to the latest data released by the Securities and Exchange Board of India (Sebi), the cumulative value of P-Note investments in Indian markets (equity, debt and derivatives) was at Rs 1,47,905 crore (Rs 1,479.05 billion) at the end of March, 2013.
