Saturday, 30 July 2016

Upcoming Indian Stock Market Update

Hike in foreign shareholding in bourses to help MCX, BSE & NSE. For more market update visit & www.marketmagnify.com/stock-future-tips.php give a missed a call @ 78-79-88-11-22
         Earlier this week, the Union Cabinet increased the foreign shareholding limit in Indian stock exchanges, a depository, a banking company, an insurance company and a commodity derivative exchange from 5 per cent to 15 per cent in a bid to attract overseas investment and expertise.
              The NDA government has liberalised the foreign investment limit in a host of sectors such as defence, civil aviation and pharmaceuticals in a major reform overdrive.
The approval to raising of investment limits for foreign entities to 15 per cent is in pursuance of the implementation of the 2016-17 Budget announcement made by Finance Minister Arun Jaitley.
        As per the new policy, foreign portfolio investors (FPI) can acquire shares through initial allotment in stock exchanges, besides the secondary market route.
This move is expected to benefit potential investors of the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), which have plans to go public with initial public offerings (IPOs).
           BSE has already received in-principle approval from the capital market regulator Sebi for its IPO to raise Rs 1,300 crore by selling up to 30 per cent stake. Domestic commodity exchanges such as Multi Commodity Exchange (MCX) and National Commodity & Derivatives Exchange (NCDEX) will also get a fresh leg-up.

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