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The
Bombay Stock Exchange (BSE) has imposed special margins
on 33 scrips, including four media shares.
The
media firms included in the list of companies on which the
margins were imposed are Padmalaya Telefilms, Pritish Nandy
Communications, Sri Adhikari Brothers Television Network
Ltd and Tips Industries Ltd. The trading margins imposed
on the four scrips are at 25 per cent.
Similar
trading margins had been imposed on 11 February on three
of the scrips in this list - Padmalaya, PNC and Sri Adhikari.
The
rates of special margins have been revised keeping in view
the closing price of the scrip on the last day of the settlement,
a BSE release says.
Margin money is like a security deposit that is paid - which
is held until a deal is complete and all monies are settled.
The aim of margin money is to minimise the risk of default
by either counter-party (buyer or seller). The payment of
margin ensures that the risk is limited to the previous
day's price movement on each outstanding position. Such
measures are normally taken by the exchange to check excessive
speculative trading.
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