While local investors will be able to trade in indices of multiple countries, foreign investors may also benefit from hedging against global indices in the Indian rupee. Investors in India may soon be able to take exposure to top stocks of Brazil, Russia, South Africa and China as BSE gets ready to launch derivatives contracts of benchmark indices of these countries. “The launch would be in March-April period, we are figuring out the launch dates,” said BSE deputy CEO Ashishkumar Chauhan. “Since our time zones match with these countries, we are expecting a good response from investors,” he said on the sidelines of the launch of BSE Greenex, an index of top 20 carbon-efficient companies.
Source: Times of India
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