Stock exchanges try to assuage concerns after MSCI warning

Say will engage with various stakeholders to address any fears of the move to end data-feed tie-up with foreign exchanges

Domestic stock exchanges on Wednesday tried to assuage concerns over the fallout of the move to snap with their foreign counterparts.

“This is to reassure all stakeholders that the Indian exchanges will work with them to facilitate an orderly transition that is not disruptive to the markets and stakeholders. This engagement with various stakeholders will continue in the coming weeks to address any concerns,” said the exchanges in a joint statement.

On February 9, the National Stock Exchange, BSE and Metropolitan Stock Exchange announced termination of data-feed and licensing agreements with overseas bourses to put an end to offshore trading