From THE HINDU group of publications
Sunday, July 22, 2001
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From THE HINDU group of publications Sunday, July 22, 2001 |
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NSE introduces new market types
NSE has introduced new market types for settlements at NSE starting from July 2, 2001.
The new market types are Normal, Auction Normal, Account Period and Auction A/C Period. `Normal' relates to the compulsory rolling settlements at NSE and `Account Period' relates to weekly settlements (Monday to Friday) at NSE.
The clients who sell shares in the rolling settlement in NSE must mention the market type as `Normal' in the delivery instruction forms to be submitted to their DPs. Those brokers who execute trades in the NSE rolling settlement must also mention the market type as Normal in the delivery instruction forms. In case, the trades are done in the weekly settlement, the market type, `Account Period' must be mentioned in the delivery instruction forms. - BL Research Bureau
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