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Friday, August 6, 2010

SEBI Permits Intraday trade for seven more Scrips


It said that the these seven companies -- Volant Textile Mills, Tilak Finance, GFL Financials, Virdhi Commercial, Window Glass Ltd , Shri Mahasati Investments and Mudit Finlease -- have "established connectivity with both the depositories (NSDL and CSDL)" in April, 2010.

Market regulator SEBI on Thursday directed the stock exchanges to allow intra-day trading in scrips of seven companies. The Securities and Exchanges Board of India (SEBI) said these companies can now shift from the Trade for Trade Settlement (TFTS), under which a company can not carry out intra-day trade, to a normal Rolling Settlement.

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