India's new stock exchange Mumbai based MCX-SX began trading today (Monday, 11th February 2013).The exchange is set to trade more than 1,100 equities, future and option segmant and its own new index called SX-40.It was unveiled in an event attended by P Chidambaram, the Financial minister of India in Mumbai on Saturday.
MCX is the leading commodity exchange in India and with its arrival to equities Share market, a three way battle is expected in Indian stock markets between MCX-SX, Bombay Stock Exchange (BSE) and the market leader National Stock Exchange of India (NSE).
The markets regulator Securities and Exchange Board of India (SEBI) has allowed MCX-SX to start trading in equity, equity derivatives, interest rate futures and wholesale debt segments.
Trading hours are fixed similar to BSE and NSE. That is 9 am to 3:30 pm.There will be a Post close session for 20 minutes from 3:40 pm to 4:00 pm.The client code modification time will be upto 4:15 pm.
The SX40 is a free float based index of 40 large cap - liquid stocks representing diversified sectors. The base value of the index was set to 10,000 with a base date of March 31, 2010.
The future and Option Segment consits of 143 stocks.The trading hours are the same as BSE and NSE.That is 9:15 am to 3:30 pm.Trade modification end time cum give-up approval end time is up to 4:15 pm. The expiry is on every last thursday of the month as on NSE India.
MCX is the leading commodity exchange in India and with its arrival to equities Share market, a three way battle is expected in Indian stock markets between MCX-SX, Bombay Stock Exchange (BSE) and the market leader National Stock Exchange of India (NSE).
The markets regulator Securities and Exchange Board of India (SEBI) has allowed MCX-SX to start trading in equity, equity derivatives, interest rate futures and wholesale debt segments.
Trading hours are fixed similar to BSE and NSE. That is 9 am to 3:30 pm.There will be a Post close session for 20 minutes from 3:40 pm to 4:00 pm.The client code modification time will be upto 4:15 pm.
The SX40 is a free float based index of 40 large cap - liquid stocks representing diversified sectors. The base value of the index was set to 10,000 with a base date of March 31, 2010.
The future and Option Segment consits of 143 stocks.The trading hours are the same as BSE and NSE.That is 9:15 am to 3:30 pm.Trade modification end time cum give-up approval end time is up to 4:15 pm. The expiry is on every last thursday of the month as on NSE India.
