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BSE slaps revised special margins on 78 stocks
Mumbai, Oct 06: The Stock Exchange, Mumbai (BSE) has slapped revised special margins on 78 stocks including ACC, Tata Steel, Mastek and Union Bank from today as part of its market monitoring mechanism.
Mumbai, Oct 06: The Stock Exchange, Mumbai (BSE) has slapped revised special margins on 78 stocks including ACC, Tata Steel, Mastek and Union Bank from today as part of its market monitoring mechanism.
"Special margins have been revised keeping in view the closing price of the scrip on the last trading day," BSE said in a notice to the broking members.
The margins ranging between 10-25 per cent on sale and purchase transaction would be imposed on the basis of member-wise gross purchase or sales position, the exchange said. Some of the prominent scrips of banks, steel and IT companies on which revised margins would be levied include Sail, Essar Steel, Jindal Iron, Digital Globalsoft, Polaris Software and Syndicate Bank, it added.
Bureau Report
The margins ranging between 10-25 per cent on sale and purchase transaction would be imposed on the basis of member-wise gross purchase or sales position, the exchange said. Some of the prominent scrips of banks, steel and IT companies on which revised margins would be levied include Sail, Essar Steel, Jindal Iron, Digital Globalsoft, Polaris Software and Syndicate Bank, it added.
Bureau Report