BSE doubles turnover in 1996
The Bombay Stock Exchange (BSE) has reported that the aggregate turnover of the exchange more than doubled in 1996 over its 1995 base.
From 445.8 billion rupees (about HK$95.9 billion) in 1995, the total turnover rose last year to 940.7 billion rupees.
The turnover in shares approved for forward trade expanded four-fold, while shares outside the list declined by half. The figures revealed a shift from speculative shares to blue chips and pivotals.
Meanwhile, in an effort to enlarge their markets the Bangalore and Coimbatore stock exchanges are to create a link-up this week in a move towards market integration.