Stock brokers express dissatisfaction over SEBI's decision

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Mumbai, Aug 13 (UNI) Stock brokers today expressed disappointment over Securities and Exchange Board of India (SEBI) deferring decision on the participatory notes (PN), at its board meeting here.

Board Chairman C B Bhave said after the meeting that the issue was discuused at the board but no decision was taken. Geojit Financial Services Limited spokesperson told UNI that it was disappointing that SEBI could not come to a decision on the issue.

The next board meeting will take place only after two months.

The market may remain range bound ahead of long holidays, but high price movements was expected in 39 stocks, which will be included in F &O from August 21.

Meanwhile Amit secutities Limited CEO Mr Ajit Shah also said, ''Nifty of NSE has resistance at 4,565 and 4,600. Support lies at 4485 and 4470. SBI, Reliance and ONGC can give lower level support to the market. India's first exchange for trading in foreign currency derivatives is likely to go live on the NSE's platform.

NSE, the country's largest stock exchange by volumes, on Tuesday got an in-principle approval from SEBI to start an exchange to trade foreign currency derivatives.'' UNI AR SR SKB2038

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