Looking back, the story of the Sensex is the story of India in a sense. In 1979, India was virtually a basket case in the global scheme of things, with a GDP of barely $130 billion. In fact, in 1990, the country went nearly bankrupt with forex reserves dwindling to a few months of our imports. Then came the IMF bailout package, and India has not looked back since.
RBI faces queries on India s ETCD market impact after Dubai s rupee-dollar futures launch. Market s growth raised liquidity, regulatory concerns. RBI emphasizes ETCDs are for hedging, not speculation, potentially reshaping market dynamics.
Indian stock market is testing for same-day trade settlement (T+0), making it faster than even Wall Street! But is lightning speed really the best approach? Remember that long settlement cycles can give birth to frauds like the 1992 Harshad Mehta scam when settlements used to take 2 weeks. After the 1992 scam, it was reduced to T+7. This episode of the Morning Brief podcast will explore the potential benefits and drawbacks of T+0 settlements. Host Nikhil Agarwal discusses with Sunil Sanghai of NovaaOne Capital, Nilesh Sharma of Samco Securities, and ET s Associate Editor Sugata Ghosh the potential challenges that the system might face in handling real-time settlements, along with the concerns some foreign investors (FPIs) have expressed about T+0. Tune in!