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Play time for big boys ; The fear that short selling by institutional investors may tank an already depressed market may not come true after all.
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When the opening bell rings on the stock exchanges across the
country on April 21, it will signal not just the start of another
trading day but also the coming of age of the Indian capital
markets. That day will see the reintroduction of short selling by
institutional investors, albeit in a modified form, after a gap of
seven years.
Though the Securities and Exchange Board of India (SEBI)
announcement on allowing institutional investors to short sell was
made last year and even included in the 2007-08 Budget proposals, it
has taken the market watchdog more than a year to come out with ...
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