Indian regulator delays derivatives trading on six stocks

The Securities and Exchange Board of India (Sebi) has asked the country's two major exchanges to delay derivatives trading on six stocks, following an investigation into an alleged stock market "scam" in 2001.

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.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here