Transaction details by sms from today for BSE investors

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.