General Trading Chat

[bpr]

Indian International Exchange To Go Live On January 16 With New ‘Sensex 50’ Index

The country's oldest stock exchange, the Bombay Stock Exchange, will start trading single-stock and equity-index futures at the India International Exchange or INDIAINX on January 16, 2017, an official at the exchange told BloombergQuint. It will add gold, silver, copper, oil and the rupee “soon”, he added.

The BSE has set up the this international exchange at Gujarat International Finance-Tec City based in Gandhinagar, Gujarat. The exchange was inaugurated by the Prime Minister, Narendra Modi on the eve of the 8th Vibrant Gujarat Summit.

“The exchange will reclaim some lost market share to equity-futures in Singapore, currency derivatives in Dubai and structured products in Hong Kong,” Bombay Stock Exchange Chief Executive Officer Ashishkumar Chauhan said in an interview to Bloomberg. “It is a dream of Prime Minister Narendra Modi. It is his baby as he has visualized various aspect of the project.”

India INX has been set up as a wholly owned subsidiary of the BSE. The International exchange will trade for 22 hours a day and will allow foreign investors and non-resident Indians to trade on the products listed on the exchange. The exchange will start its trading when the Tokyo market opens and end with the closing of the U.S. stock exchanges, the official quoted above said.

India INX will start with equity derivative products, commodity derivatives and eventually allow listing of depository receipts on its platform. It will start trading in Sensex 50, an index derivative, as the first product. Nearly 100 brokers comprising of foreign and domestic have sought permission from regulators to set up offices inside the GIFT IFC. Around 40 brokers have received permission so far, the BSE official said.

The BSE has sought market regulator SEBI’s nod to offer all products available in global exchanges like Hong Kong, Singapore and Dubai.

Since the exchange is based out-of GIFT IFC, trading currency would be the dollar. BSE hopes to bring in more Indian products on INDIAINX, going forward.

The exchange has already received the final nod for its initial public offer from SEBI, and is expected to launch its maiden issue by the end of January.

Built over an area of 880 acres, the Gujarat International Finance-Tec City is envisaged as an international hub for stock market trade. It's an under construction finance hub between Ahmedabad and Gandhinagar.

http://www.bloombergquint.com/marke...o-live-on-january-16-with-new-index-sensex-50

From what i read this is only for foreign investor and NRI...

so for them there is tax break so not to loose investment to Singapore and Dubai exchange abut for domestic guys their will be tax.
All accounts will be in dollar

starting on 16th Jan

So Logically FII derivative trading volume will move from domestic exchange to this exchange not good news...

 

[TradeOptions]

FPI have been selling daily in the New Year. Their selling has not completed yet. Although MF/DII seems to be absorbing all of their selling on almost daily basis.

Thanks and regards

 

[TradeOptions]

Option Chains for NF, BNF, INFY and TCS

Thanks and regards

 

[TradeOptions]

Yesterday's top gainer BEML, call went up by 3400 % in single trading session.

Thanks and regards

 

[TradeOptions]

From what i read this is only for foreign investor and NRI...

so for them there is tax break so not to loose investment to Singapore and Dubai exchange abut for domestic guys their will be tax.
All accounts will be in dollar

starting on 16th Jan

So Logically FII derivative trading volume will move from domestic exchange to this exchange not good news...

Indian International Exchange To Go Live On January 16 With New ‘Sensex 50’ Index

The country's oldest stock exchange, the Bombay Stock Exchange, will start trading single-stock and equity-index futures at the India International Exchange or INDIAINX on January 16, 2017, an official at the exchange told BloombergQuint. It will add gold, silver, copper, oil and the rupee “soon”, he added.

The BSE has set up the this international exchange at Gujarat International Finance-Tec City based in Gandhinagar, Gujarat. The exchange was inaugurated by the Prime Minister, Narendra Modi on the eve of the 8th Vibrant Gujarat Summit.

“The exchange will reclaim some lost market share to equity-futures in Singapore, currency derivatives in Dubai and structured products in Hong Kong,” Bombay Stock Exchange Chief Executive Officer Ashishkumar Chauhan said in an interview to Bloomberg. “It is a dream of Prime Minister Narendra Modi. It is his baby as he has visualized various aspect of the project.”

India INX has been set up as a wholly owned subsidiary of the BSE. The International exchange will trade for 22 hours a day and will allow foreign investors and non-resident Indians to trade on the products listed on the exchange. The exchange will start its trading when the Tokyo market opens and end with the closing of the U.S. stock exchanges, the official quoted above said.

India INX will start with equity derivative products, commodity derivatives and eventually allow listing of depository receipts on its platform. It will start trading in Sensex 50, an index derivative, as the first product. Nearly 100 brokers comprising of foreign and domestic have sought permission from regulators to set up offices inside the GIFT IFC. Around 40 brokers have received permission so far, the BSE official said.

The BSE has sought market regulator SEBI’s nod to offer all products available in global exchanges like Hong Kong, Singapore and Dubai.

Since the exchange is based out-of GIFT IFC, trading currency would be the dollar. BSE hopes to bring in more Indian products on INDIAINX, going forward.

The exchange has already received the final nod for its initial public offer from SEBI, and is expected to launch its maiden issue by the end of January.

Built over an area of 880 acres, the Gujarat International Finance-Tec City is envisaged as an international hub for stock market trade. It's an under construction finance hub between Ahmedabad and Gandhinagar.

http://www.bloombergquint.com/marke...o-live-on-january-16-with-new-index-sensex-50

bpr bro, I think even DOMESTIC Trading Members / Brokers would have some special benefits for shifting there. Let us wait for the details. Since Narender Bhai has taken personal interest in this project, therefor government would try its best to make it a successful project, which is a good news for all of us. In the long run, I think it might create more trading opportunities for all, including the retail traders like us. If it is successful in becoming a major trading hub like Singapore then that would be great.

Thanks and best regards

 

[bpr]

bpr bro, I think even DOMESTIC Trading Members / Brokers would have some special benefits for shifting there. Let us wait for the details. Since Narender Bhai has taken personal interest in this project, therefor government would try its best to make it a successful project, which is a good news for all of us. In the long run, I think it might create more trading opportunities for all, including the retail traders like us. If it is successful in becoming a major trading hub like Singapore then that would be great.

Thanks and best regards

I am also not 100% sure. Lets see. I highly doubt domestic traders can participate in INX

 

[vivektrader]

Started the thread for monitoring nifty50 stocks based on Tom De Mark sequential.
Requesting for members' support and participation.

http://www.traderji.com/advanced-tr...ntial-monitor-nifty50-stocks.html#post1197580

Regards

 

[LoneWolf]

Whats the matter with AXISBANK, down to 6% in 5m and again recovering.. Freak trade !!! Bank index is not down that much..

 

[travi]

Any news in Axis Bank? Nearly buried BN

 

[LoneWolf]

Any news in Axis Bank? Nearly buried BN

DId you catch it Ravi, My order did not fill on slippage..