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Dear
Members
The Indian market surged last week as a hike in 2010 global growth forecast from the International Monetary Fund, revival of monsoon rains and expectations of strong Q1 June 2010 corporate earnings, boosted investor sentiments.
On regulatory front, SEBI on Wednesday, 7 July 2010, relaxed the exposure margin requirement for stock derivatives, based on the feedback received from market participants. It has issued a circular stating that the exposure margin would be higher of 5% or 1.5 times the standard deviation of the notional value of the gross open position in single stock futures and gross short open position in stock options in a particular underlying. The revised exposure margin requirement would be effective from 15 July 2010. The exposure margin requirement was similar prior October 2008, after which SEBI increased the exposure margin requirement to higher of 10%, or 1.5 times the standard deviation, to promote market safety and safeguard investor interest.
For latest circulars released across BFSI segment, request you all to access the “Circular Corner” in the home page of RAIN website.
Spain won their first World Cup title after Andres Iniesta's 116th-minute strike at soccer city broke Holland's hearts. This triumph sees Spain as a World Champion and they become only the 3rd nation to hold the European and World Football crowns at the same time, 2 years on from their European Championships victory in Vienna.
More news in week’s to come.....
With best regards
V. Ganesh
Chairman – RAIN
www.rainnet.org
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