Stock futures introduced on NSE, BSE
Mumbai: Stock futures trading started on Friday on India's two largest bourses and brokers hoped it would revive volumes, which had plunged after carry-forward trading was banned in July.

A statement from the country's biggest bourse, the National Stock Exchange of India, said the total value of stock futures on the first day was 891.5 million rupees.

The one-month contract of India's largest cement maker, Larsen & Toubro, was the most active stock future, with 1,585 contracts aggregating 327.7 million rupees traded, the statement said.

NSE said futures contracts of 26 out of the 31 select stocks were traded on Friday.

Besides Larsen & Toubro, one-month futures contracts of software firms Satyam Computer Services, Digital GlobalSoft, Infosys Technologies and petrochemicals major Reliance Industries, made the top-five trades on the National Exchange.

Data from the other top exchange, the Bombay Stock Exchange, was not immediately available, but brokers estimated volumes totaled nearly 300 million rupees.
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Sebi bars Rathi for two years
Mumbai: The Securities and Exchange Board of India (Sebi) on Friday barred the former Bombay Stock Exchange president Anand Rathi from holding any position of a director or trustee of any capital market institution for two years effective March 12, 2001.

Sebi also suspended his two firms, Anand Rathi Securities Ltd and Rathi Capital and Securities Pvt Ltd, for nine months from the same date.
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