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Monday 28 January 2013

MCX-SX to launch equities trading on February 11


MCX-SX, India's new stock exchange, will begin trading of cash equities and equities derivatives on February 11, according to a statement on Monday.


MCX-SX has been gearing up to launch equities trading since last year, and will compete against more established rivals Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE).

[MCX transaction charges are much lower than that of BSE and NSE...Good time to buy MCX stock...Price can rise very fast.]

Interest rate cut expected in RBI policy review


If, the RBI surprises markets with a 50-bps cut - market will zooms for more gains.

 
Since the markets have priced in a 25-bps hike, they won't react sharply if RBI does the expected.
  
Expect a correction of 5-7% from current levels if RBI does not cut interest rates !