Healthy market to emerge from ban on badla: CSE brokers

Kolkata, May 15: A healthy and more realistic capital market would emerge after ban on the carry forward system from July two, a majority of CSE brokers said on Tuesday.

“The Sebi decision will cause a temporary reaction in the market, but overall this will help the investors and the market will become much better,” former CSE President Kamal Parekh said.

The capital market would become cash oriented. This would prevent rigging and one could expect a ‘real healthy stock market in future,’ Mr Parekh said. Balance sheets of companies were now expected to have more significance and trading would take place across the board unlike the existing trend where only the top ten scrips accounted for maximum trading volume, he said. (PTI)