At present, the benchmarks based on which products are traded on the Indian stock exchange platforms and indices tracked by the fund managers are owned and managed by entities which are generally either subsidiaries of stock exchanges or joint venture between an exchange and an index provider or any entity engaged in the activity of credit rating. Sebi had allowed the stock exchanges to introduce derivative products on foreign indices in January 2011.
GDP data, crude prices among 7 factors likely to steer D-Street this week
Indian equities are likely to take cues from a slew of domestic and global factors this week, including India’s first-quarter GDP data, US jobs numbers,