Press Esc to close
Saturday 01 November 2014
News updated at 5:53 PM IST
Weather
Max: 25°C
Min : 19°C
In Bangalore
Partially cloudy

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
A view of the statue of Sardar Vallabhbhai Patel on the occasion of his birth anniversary...

A view of the statue of Sardar Vallabhbhai Patel on the occasion of his birth anniversary...

Congress President Sonia Gandhi and Rahul Gandhi paying tribute to former Prime Minister...

Congress President Sonia Gandhi and Rahul Gandhi paying tribute to former Prime Minister...

Artists perform during a function on the occasion of birth anniversary of Sardar...

Artists perform during a function on the occasion of birth anniversary of Sardar...

Members of Thamizhar Vazhvurimai Koottamaippu during a protest against Sri Lankan court's...

Members of Thamizhar Vazhvurimai Koottamaippu during a protest against Sri Lankan court's...

Indian cricket players during their practice session at barabati stadium in Cuttack...

Indian cricket players during their practice session at barabati stadium in Cuttack...

Delhi Police band performs at India Gate near Amar Jawan Jyoti to salute Sardar...

Delhi Police band performs at India Gate near Amar Jawan Jyoti to salute Sardar...

Army soldiers patrolling after an IED was recovered in a gas cylinder near the Circuit House...

Army soldiers patrolling after an IED was recovered in a gas cylinder near the Circuit House...

Tourist take pictures from a boat as people bath in the Ganges river in Varanasi...

Tourist take pictures from a boat as people bath in the Ganges river in Varanasi...

Devendra Fadnavis being sworn-in as the new Maharashtra Chief Minister by Governor...

Devendra Fadnavis being sworn-in as the new Maharashtra Chief Minister by Governor...

A camel herder sits as he feeds his camels at the annual cattle fair in Pushkar, in the Rajasthan...

A camel herder sits as he feeds his camels at the annual cattle fair in Pushkar, in the Rajasthan...

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