Indian regulator delays derivatives trading on six stocks
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The six companies from the technology, media and telecommunications sectors were named in a Joint Parliamentary Committee report investigating the matter, according to the National Stock Exchange of India. All six stocks - Infosys, GTL, Himachal Futuristic Communications, SSI, Silverline Technologies and Zee Telefilms - experienced a fall in their share prices today.
The National Stock Exchange of India said last Friday that derivatives trading in 25 additional securities will commence from January 31, 2003 - subject to them meeting a number of compiance issues laid down by Sebi.