Business Daily from THE HINDU group of publications Thursday, Sep 28, 2006 ePaper |
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Markets
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Stock Exchanges Our Bureau
Hyderabad , Sept. 27
The Hyderabad Stock Exchange (HSE) has announced that it has commenced trading activities in cash market segment from Tuesday. The company had on August 29 announced a temporary suspension of trading activities following directives of SEBI pertaining to VaR (value at risk) margin. The market regulator had earlier advised all the bourses to implement the calculation of VaR margin at least five times intra-day based on the closing price of the previous day. Responding to this, the HSE had submitted to the SEBI that the exchange took all adequate measures to ensure safety and security of the market by way of collecting 100 per cent upfront margins, pay-in on T+1 basis, bringing all the stocks under trade-for-trade segment and also reducing the circuit filter to two per cent. An HSE notice here on Wednesday said the SEBI has permitted the bourse through a communiqué on September 20 to commence trading operations.
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