Mumbai31 minutes ago
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Market regulator SEBI has today (November 28) issued new rules regarding continuation of trading in case of technical problems. These new rules will come into effect from April 1. SEBI has issued a circular ordering both the exchanges NSE and BSE to act as alternative trading venues for each other. SEBI says that trading will be shifted in case of technical problems.
According to the new rules, if there is a technical problem in the stock exchange Bombay Stock Exchange (BSE), only the shares listed in BSE will be able to trade in the National Stock Exchange (NSE). At the same time, if there is a technical problem in NSE, only the shares listed in NSE will be able to trade on BSE. Stock exchanges have been asked to issue a Standard Operating Procedure (SOP) for this within the next 60 days.
F&O deals can also be offset Currently NSE will prepare the reserve list of only BSE listed shares. Then BSE will make a reserve list only of the shares listed on NSE. F&O deals of shares and indices can also be offset.
Positions of high co-related index can also be set off. Information about the fault in the exchange will be given to the other exchange within 75 minutes. According to the SOP, the alternative exchange will start trading the shares of others.
The disaster recovery site was tested on September 28. Earlier, a special mock trading session was held at the National Stock Exchange (NSE) on Saturday, September 28, a holiday, to test the disaster recovery site. On this day, trading took place in the Futures and Options (F&O) segment along with the capital market from 12 noon to 1 pm. The disaster recovery site is tested so that the stock exchange business can run smoothly even in any emergency situation.
NSE and BSE changed transaction fees NSE and BSE had recently changed the transaction fees charged for cash and futures and options trades. The transaction fee for cash market in NSE is now Rs 2.97/lakh traded value. Whereas in the equity derivatives segment, the transaction fee in futures is Rs 1.73/lakh traded value.
Whereas the premium value in options is Rs 35.03/lakh. In the currency derivatives segment, NSE has kept the transaction fee for futures at Rs 0.35/lakh traded value. Whereas in currency options and interest rate options this fee is Rs 31.1/lakh premium value.
Similarly, BSE has also changed its transaction fees. In the currency derivatives segment, a fee of Rs 45 is charged on futures contracts (including cross currency futures) with a turnover value of Rs 1 crore. A fee of Rs 100 is charged on premium turnover value of Rs 1 crore on BSE options.
Sensex fell 1190 points and closed at 79,043. On November 28, the Sensex saw a fall of 1190 points (1.48%) and closed at the level of 79,043. Nifty also declined by 360 points (1.49%), it closed at the level of 23,914. At the same time, BSE Smallcap rose 221 points (0.41%) and closed at 54,782.
Out of 30 Sensex stocks, 29 declined and only 1 rose. Out of 50 Nifty stocks, 46 declined and 4 rose. IT sector of NSE closed with maximum fall of 2.39%.
