Moving ahead with financial reform measures, the Securities and Exchange Board of India (SEBI) has given a green signal to short selling by institutional investors (foreign as well as domestic) in Indian bourses. Simultaneously, SEBI has also mandated that all the institutional trades in cash market would be subject to payment of margins as applicable to the retail investors. Currently, institutions do not have to pay margin money for their stock market trades. The introduction of full-fledged Securities Lending and Borrowing (SLB) scheme will go with the introduction of short selling by the institutional investors. These proposals would come into play from April 21 onwards.
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