a first of its kind initiative, the National Stock Exchange,
the country's largest bourse, has entered a strategic
relationship with CNBC-TV18 for live telecast of trading
and other trading related information direct from NSE.
finance minister P Chidambaram inaugurated the TV18 media
centre at NSE on Monday morning.
the last session of trade last Friday, 12 January, 2007,
the Nifty and the Sensex closed at all time highs.
accounts for 85 per cent of the trade on an average day
both in the cash and the derivative segments.
finance minister said that transparency is the hallmark
of an efficient securities market and the reforms over
the last decade and half have increased the level of transparency
market participants are required to disclose all relevant
information about themselves, their products and services
and similarly they are expected to use all relevant information
for making decisions. Over time the use of information
by investors and intermediaries has increased. The accuracy
of information has improved and the scope of information
has broadened," he adds.
Narain, managing director, NSE, is rather pleased with
the joint initiative between the NSE and CNBC-TV18. "We
think this is another important step in bringing our markets
into line with global best practices. We also believe
this will help in furthering our goals to bring the market
to the door step of investors."
said it is now time to focus efforts on making the information
available instantaneously to the entire target audience
domestic and overseas. "The joint initiative of NSE
and TV-18 to set up a media centre to bring real time
linkages between markets, corporates and the investing
community, live from the NSE is a step in this direction."
am sure that this will bring the market closer to the
investors and will improve the level of communication
between the companies and their managements and their
shareholders," he adds.
this initiative will disseminate information about the
companies and the market, Chidambaram urges the exchange
to devise a mechanism to make available the historical
market data they have in their possession as a bi-product.
further adds, "This would help researchers, regulators
makers in informed policy making. It would also add to
the revenue of the exchange. My good wishes to this very
novel and path breaking initiative."