BSE, NSE News Update: BSE may get license for commodity exchange; NSE to auction investment limit

INDORE, India - Sept. 22, 2017 - PRLog -- Bombay Stock Exchange (BSE) is the oldest stock exchange in Asia and the biggest stock exchange in the world. Bombay Stock Exchange (BSE) is likely to receive a license for commodity exchange by December, according to an exclusive report by ET.  The BSE had applied with the market regulator SEBI for launching commodity exchange. It has already set up the necessary infrastructure for a commodity exchange. As per report, SEBI is likely to allow exchanges to operate in other segment also. Presently, there are two major exchanges for commodity derivatives, MCX and NCDEX.

NSE to auction investment limits for Rs.2800 cr, govt bonds::

In another development, the NSE (National Stock Exchange) said in its circular that it will auction investment limits for overseas investors for purchase of govt bonds worth close to Rs. 2800.00 crore on Monday. The auction will be carried out on the e-bid platform of NSE from 3.30 pm to 5.30 pm after market hours.

The auction quota gives foreign investors the right to invest in debt upto the set limit. The total investment in the govt debt category reached till Thursday, 21 Sept, 2017, Rs.1,84,914 crore, 98.52% of total permitted threshold of Rs 1,87,700.00 crore, as per update. As a result, the exchange will conduct an auction for the allocation of unutilized debt investment limits – Rs 2,786 crore – on Sept 25.

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