Gains drive market to end high; Auto Index led gains
The stock market ended higher on Friday, driven by gains. The domestic market witnessed low volatility in the absence of fresh triggers and traded on a positive note throughout the session.
Indian Clearing Corporation Ltd (ICCL), an arm of BSE, has been granted renewal of recognition by markets regulator Sebi for a period of three years.
The three-year licence to ICCL is valid from October 3, this year till October 2020.
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ICCL carries out the functions of clearing, settlement, collateral management and risk management for various segments of BSE.
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Besides, it acts as the central counterparty to all the trades it provides clearing and settlement services for.
The clearing corporation is recognised under Sebi’s regulations for stock exchanges.
In a notification dated September 20, the Securities and Exchange Board of India (Sebi) said that it has granted extension to ICCL under Securities Contracts regulations.
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