BOLT to begin on PSE

PUNE, MAR 16: AFTER many false starts over the last six months, BOLT operations on the Pune Stock Exchange PSE are finally expected to begin on Tuesday. This makes PSE the first exchange outside Mumbai to start online trading with the BSE.

Sebi had granted approval for the same last week, but a technical snag delayed trading by a week. Out of the 40 applications that have been accepted, about 18 brokers will begin operations on Tuesday while the rest will start trading within a week8217;s time, said sources.

Currently, trading on the bourse is largely confined to just three or four major scrips, with less than 125 of the 180 brokers being active traders. The mood now is therefore justifiably upbeat, as both the number of scrips traded as well as volumes are expected to increase significantly.