Press Esc to close
Monday 20 October 2014
News updated at 9:46 AM IST
Weather
Max: 30.8°C
Min : 20.1°C
In Bangalore
Sunny day

Demystify stocks for retail investors, says Chidambaram

Mumbai, Feb 9, 2013, DHNS
Finance Minister P Chidambaram (left) and MCX-SX  Vice-Chairman Jignesh Shah at the launch of the new  stock exchange in Mumbai on Saturday. PTI Photo

In a move to inject confidence in retail investors, Finance Minister P Chidambaram on Saturday suggested that bourses should strive to demystifying the functioning of stock market and deal with malpractices including insider trading.


Speaking at the inauguration of the new stock exchange MCX-SX, Chidambaram said: "It is important that we have to demystify the operations of the stock market. We have to make sure that there are no malpractices like insider trading. Only then the retail investors will come to stock market in very large number." 
 
He expressed concern over malpractices in equity trading and as a word of caution to the two existing bourses – National Stock Exchange and Bombay Stock Exchange -- and the new one MCX-SX, saying they all should endeavour to keep the products.
He bluntly said: “If you want retail investors in India to participate in the stock market, you have to keep the product simple and inject confidence in the investor (so) that the integrity of stock trading in preserved." 

India has the largest number of listed companies in the world, he said, adding that stock markets would become more competitive with the entry of MCX-SX.
The country’s new bourse MCX-SX , the third stock exchange in the country after BSE and NSE, is set to commence live trading in the capital market's cash, and futures & options (F&O) segments from February 11, 2013. 

Initially all the securities available for trading will be in 'permitted to trade category'.  Trading hours will be similar to BSE and NSE, from 9 am to 3:30 pm.
As many as 1,116 securities will be available for trading in the capital market segment, when it opens for live trading on Monday.  


Go to Top

Photo Gallery
Autumn light is seen at sunset on the Alexandre III Bridge, with the Eiffel tower in background...

Autumn light is seen at sunset on the Alexandre III Bridge, with the Eiffel tower in background...

BJP candidate Sanjay Kelkar flashes victory sign while celebrating with his supporters...

BJP candidate Sanjay Kelkar flashes victory sign while celebrating with his supporters...

Supporters celebrate Congress candidate Praneeti Shinde's victory in the Assembly polls ...

Supporters celebrate Congress candidate Praneeti Shinde's victory in the Assembly polls ...

Former Indian Cricket players Krishnamachari Srikkanth with Devang Jayant Gandhi and Deepak Shodhan.

Former Indian Cricket players Krishnamachari Srikkanth with Devang Jayant Gandhi and Deepak Shodhan.

Indian Hockey players vie for the ball during final of the Sultan of Johor Cup 2014...

Indian Hockey players vie for the ball during final of the Sultan of Johor Cup 2014...

Dia Mirza poses with her long-time beau Sahil Sangha after she got married...

Dia Mirza poses with her long-time beau Sahil Sangha after she got married...

Players in action during a football match played between North East United FC and Goa FC...

Players in action during a football match played between North East United FC and Goa FC...

Atletico De Kolkata and Delhi Dynamos FC Players in action during their ISL Match...

Atletico De Kolkata and Delhi Dynamos FC Players in action during their ISL Match...

Narendra Modi with BJP President Amit Shah after the party's parliamentary board meeting...

Narendra Modi with BJP President Amit Shah after the party's parliamentary board meeting...

Only media personnel at the AICC office…

Only media personnel at the AICC office…

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bangalore - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523