COMMENTARY
INTERVIEW
SPECIALS
CHAT
ARCHIVES

BSE set to double volume

Bombay Stock Exchange President M G Damani on Thursday said that daily business volume on the BSE will go up to Rs 20 billion from the present average level of Rs 10 billion, as soon as the expanded terminals of the BSE On-Line Trading become operational.

Speaking to the press receiving final approval from the Securities and Exchange Board of India for its BOLT expansion scheme across the country, Damani said that this business volume will come through quality business from all the 3000 scrips and not from only a few scrips.

Reacting to the recommendations on the modified carry forward system presented by the J R Varma panel to SEBI recently, the BSE chief said that he was happy with the recommedations.

Incidentally, he was one of the members of the committee and almost all of his suggestions were accepted by the panel.

Commenting on the opposition to some of its recommendations by the National Stock Exchange, Damani said, ''People who do not have practical experience in the brokerage business can only oppose.''

He added that it is not possible to register the names of all the badla financiers to the clearing corporation.

Leading BSE brokers have also welcomed the recommendations and said that the final approval by SEBI to these recommendations will boost the market sentiment.

UNI