To enhance transparency in Stock market tradings, the Bombay Stock Exchange will provide SMS of transaction details to mobile phones and Email accounts of investors from today.

The move, a first of its kind in the country, is aimed at checking unauthorised stock market trades through investor accounts. The National Stock Exchange, Nifty's SMS service is also slated to begin from the 15th of this month.

The move follows complaints against brokers and other market entities conducting transactions through accounts of their clients without the knowledge of the investor concerned.

The National Stock Exchange index, the Nifty crashed a huge 800 points this morning, bringing trade in the cash market to a halt for about 15 minutes.

The bourseविदेशी मुद्रा बाज़ार blamed the incident on erroneous orders worth 650 crore rupees entered by a trading member, Emkay Global Financial Services, on behalf of an institutional client. The NSE added that it was investigating the matter.

The Bombay Stock Exchange said the market at its exchange was working fine, and there were no technical or other issues at the bourse. However, the Sensex had also fallen by about 200 points in reaction to the plunge in the Nifty, as there are many common stocks on the two indices.

Asian markets rose, today, after the Bank of Japan unexpectedly boosted its asset-purchase program. The Bank of Japan expanded its asset-purchase fund to 55 trillion yen, or 695 billion dollrs, from 45 trillion yen. The Bank of Japan’s move follows measures announced by the US Federal Reserve and the European Central Bank to spur growth and contain the debt crisis

Shares have rallied on the world's stock markets at the end of a turbulent week following better than expected jobs figures in the United States. 

More new jobs were created in July than in any of the previous five months. But despite the growth in new jobs, the overall unemployment rate in the United States rose slightly last month. 

On Wall Street, the Dow Jones index closed up more than one and a half per cent. Share prices also rose on the main European markets.

Clearing the decks for listing of stock exchanges, capital market regulator SEBI on Monday said 51 per cent stake of bourses could be held with public. This was decided after considering the much-debated Bimal Jalan Committee recommendations which had not favoured listing of stock exchanges.

The Board, however, in its meeting in Mumbai accepted several other recommendations of Jalan Committee on Review of Ownership and Governance of Market Infrastructure Institutions, MIIs.

The stock exchanges will have diversified ownership and no single investor will be allowed to hold more than 5 per cent except the stock exchange, depository, insurance company, banking company or public financial institution which may hold upto 15 per cent. 51 per cent of the holding of the Stock Exchanges will be held by public, the market.

The stock exchanges may be permitted to list when they put in place the appropriate mechanisms for tackling conflicts of interest, it said, adding, the stock exchanges will not be allowed to list on itself.

No stock exchange shall be permitted to list within 3 years from the date of approval by SEBI.