INDIAN EXCHANGES TO STOP TRADING OF INDICES ON FOREIGN SHORES

INDIA'S top stock exchanges, BSE, NSE and Metropolitan Stock Exchange of India, will stop trading of indices of Indian securities on foreign exchanges. The step is aimed at stopping the migration of liquidity to overseas markets. The decision comes after a direction by the market regulator and assumes significance at a time when the Singapore Stock Exchange has launched trading in single- stock futures in 50 of India's top companies that are part of the Nifty.