| | There is a word of caution going around for investors from all the sides. Though the spirited Sensex has toned down its upswing and is in its correction phase, its phenomenal rise, has sounded enough alarm bells to impel both the government and the exchanges into action. Following this, both SEBI and the bourses have flexed their norms on market. Some of the clampdowns have been put to immediate effect while some will come into effect from Monday September 26. The clampdowns that take effect are:
• 100% margin on 504 stocks in B1, B2 and S groups in BSE.
• Mandatory backing by assets on bank guarantees in NSE and rejection of counter guarantees.
• 20 per cent circuit filter reimposed on 42 stocks.
• Trading data on cash and derivatives segments from both BSE and NSE to SEBI. |
