Sebi executive director Pratip Kar, who was here to attend an Indian Chamber of Commerce-sponsored workshop on capital markets, said Sebi was keen on increasing delivery-based transactions as it declined significantly in the past two to three years. He said of the total transactions on the stock exchange, Mumbai (BSE), only seven per cent and of that on the National Stock Exchange (NSE) only 10 per cent were delivery-based.

However, the average delivery-based transaction was higher, at 12 per cent, on the two stock exchanges in the previous year.

Reiterating Mr Kar's point, JM Morgan Stanley chairman & managing director Nimesh Kampani noted that punting should be discouraged and broker consolidation through mergers encouraged. He said he believed consolidation among the brokers would help reduce volatility in the market. On the rolling settlement scheme, Mr Kar said, "it should be done gradually, in a phased manner."

Sebi is also planning to issue a circular directing corporates to file their results on its website. National Informatics Centre had already made a presentation about the new site and the software too would be handled by NIC, said Mr Kar. "NIC will be hosting the website," he said. The market regulator will be listing the names of around 200 top corporates based on their turnover. In the initial stage it will not be mandatory for these companies to file their results on the Sebi website but "later on it might be," Mr Kar noted.