Indian banks welcome new pre-open trading rules

Author: | Published: 2 Feb 2012
Bankers’ counsel in India have welcomed the introduction of a new call auction pre-open trading session by the Securities and Exchange Board of India (Sebi).

Kotak Mahindra Capital’s Ajay Vaidya told IFLR the new measures, which were introduced January 20, aimed to prevent volatility and price movement on first day of trading.

"First-day trading volumes in...