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No Muhurat trading at CSE

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Press Trust of India Kolkata
The Calcutta Stock Exchange (CSE) did not conduct Muhurat session for the second year due to regulatory hurdles but remained optimistic for better days.

"We are hoping for better days and expect SEBI will do the needful to revive the 106-year old bourse of the country," CSE stock broker S K Kausik told PTI.

"This is the second time since 1908, since the exchange was incepted that there was no Muhurat trading. We had not missed muhurat of our own trading platform despite extreme odds," grim CSE employees said.

CSE MD and CEO, B Madhav Reddy said the exchange was taking measures to overcome the clearing corporation hurdle.
 

The CSE had to stop trading in its own platform C-Star since April 2013 unable to meet capital norms for clearing corporation.

But, the local bourse was trying to tie up with an existing clearing corporation but SEBI needs to be supportive.

Meanwhile, the CSE was planning to tie up with National Institute for Securities Market to conduct capital market courses in Kolkata.

"We had early discussion in this regard. But, it is yet to take any shape," Reddy said.

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First Published: Oct 23 2014 | 7:35 PM IST

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