Readings: FIIs & Derivatives, BSE new highs
Economic Times: FIIs can now look for bigger derivatives play
The Securities and Exchange Board of India (Sebi) has cleared the proposal allowing foreign institutional investors (FIIs) to provide AAA-rated foreign government securities as collateral for margins against transactions in the derivatives segment.
This move, which comes after the central bank clearing operational hurdles to pledge foreign securities as collateral, will allow FIIs to take higher leveraged bets in the Indian stock market. Currently, FIIs mostly deposit cash with brokers as collateral for margins in derivatives.
Hindu Business Line: 90 stocks hit new peaks on BSE
90 stocks have registered their new highs on BSE on Tuesday, thanks to the bull rally. In the rising market, stocks from mid- and small-cap segments generally tend to get hyper-active. But this time around, quite a few of the A-group stocks have also registered new peaks. Among them are Reliance Industries, Reliance Energy, SAIL, NTPC, HDFC, IFCI and IDBI.
Five out of 30 Sensex stocks have hit their new peaks on Tuesday and about 10 stocks are within striking distance of their new peaks, which they have registered recently.
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September 12th, 2007 at 5:59 pm
Recently I read article in Economic Times (Alkaleshwar Aiyer) about US recession and impact on Indian Economy. He says in worst case the Indian corporate sector growth will dwindle to single digits. That means Nifty P/E of less than 10? Any comments??
November 2nd, 2007 at 11:22 am
SEBI has done a commendable job in developing the framework for Indian capital market in its formative stages subsequent to the liberalization process initiated in the 1990s. SEBI has instituted a committee to discuss the policy and modalities of an investor education programme.
Regards.
ForexCTAs