- Sensex sheds 65 pts, Nifty 22 on weak Asia - stocks to watch: Godrej Industries, JSW SteelBSE Sensex recovers 51 points, Nifty up by 14 pts, stocks to watch: Cadila, HindalcoBSE Sensex plunges to lowest point in 2013 after 7-day losing streakBSE Sensex, Nifty hit 2013 lows as shares continue southward journey
the country. It led to the NSE launching a new category of membership with significantly lower fees. MCX-SX has also pegged its trading costs lower than that of existing stock exchanges.
Meanwhile, the derivatives segment of the exchange will have around 150 stocks on which single stocks future would be launched. Derivatives contracts on the index will, however, not be available immediately.
While market players believe that investors would gain the most due to the competition between stock exchanges, Chidambaram concluded his speech aptly summing up the scenario expected to emerge in the days to come.
“You have competition. There are two guys out there waiting for you to enter their arena. To those two guys I say there is a competitor entering the arena. So good luck to all three of you and I sincerely hope that competition among all three of you would make the stock market a vibrant place for more and more people to invest their savings,” he said.