MCX Stock Exchanges flagship index SX40 on Friday crossed the turnover of 1,000 crore mark on its derivatives segment within two-month of its launch. The countrys newest bourse had launched derivatives trading on its benchmark index, SX40, on May 15. Turnover of derivatives on SX40 reached R1,162.82 crore on Friday, according to the bourse. According to an analysis, SX40 volumes have witnessed a strong and steady growth in its Futures and Options (F&O) segment since live trading begun on May 15, crossing the R500-crore mark within less than a month on June 5 and R700 crore on June 7, followed by R 1,000 crore on June 28. MCX-SX announced earlier this month that the equity and equity derivatives segment turnover has touched R1,000 crore.
Sebi order against Baheti, HUF in Alka Sec case upheld
The Securities Appellate Tribunal (SAT) on Friday upheld Sebis order against Kamlesh Baheti, HUF, wherein the entity was barred from the capital market for fraudulent trading activities in shares of Alka Securities. In May 2012, Sebi had restrained Kamlesh Baheti, Hindu Undivided Family (HUF) from accessing the securities market, for a period of 2 years. The regulator had found that Baheti had indulged in certain trading activity along with Alka Securities promoters and other entities with the intention of creating artificial volumes so as to give the market players a false impression regarding liquidity in the shares of the company.