Sebi panel highlights dismal performance by BSE's Indonext
Mumbai: The dismal performance of the Indonext platform of the Bombay Stock Exchange (BSE) Ltd, has been brought into focus through a recent report finalised by a panel appointed by the Securities and Exchange Board of India (Sebi). The panel has been set up to report on the future of the Regional Stock Exchanges (RSEs) post-demutualisation.

Indonext has failed to generate sizeable volumes in its trade and its monthly average turnover now accounts for less than 5% of that of the BSE. The share of Indonext has witnessed a steady decline from August and September 2005, when it was nearly 8%, to less than 5% in the last two months of the current year.

The Sebi panel, in its report, has suggested that around 500 compliant companies of some 4,000 listed exclusively on the RSEs can be shifted either to Indonext or some third platform as all these companies fall under small and medium enterprise (SME) category, which is an important sector for the growth of the Indian economy.
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