June 01, 2007

 

Press Release no.1

Derivatives trading launched on Nifty Junior and CNX 100

 

The National Stock Exchange of India (NSE) today commenced derivatives trading in two new indices viz. Nifty Junior and CNX100.  NSE now has an array of five indices and 186 single stock derivatives to offer for trading to the investors.

 

Nifty Junior derivatives has CNX Nifty Junior index as its underlying. NIFTY Junior is an index comprising of the most liquid securities after the NIFTY 50. The underlying of CNX 100 index derivative is S&P CNX100. This index combines the Nifty 50 and the CNX Nifty Junior stocks to track the behavior of the combined portfolio of the two indices.

 

In recent times, the market has shown a trend of getting broad based. Currently non-Nifty securities contribute more than 60% of the total market turnover in equities market. Trading in Nifty Junior and CNX100 Futures & Options would enable the investor to take a view on companies which are fast growing, dynamic and highly competitive. It would help them to take an exposure to this dynamic pack of companies. The introduction of these new index derivatives would give more flexibility to the investors and help them in taking wealth maximizing decisions more efficiently.

 

To encourage active participation during the introduction phase, the Exchange has exempted the transaction charges on turnover above Rs.10 Crores in NIFTY Junior and above Rs.10 Crores in CNX100 per trading member per day in the Futures sub – segment. No transaction charge will be levied on trades done in NIFTY Junior and CNX 100 in the Options sub-segment.

     

There has been active and wide spread participation in trading above indices today at NSE.  More than 200 members participated in trading on the first day of trading today and the summary of derivatives trading activity in the Nifty Junior & CNX 100 is given below:

 

Particulars

No. of contracts traded

Traded Value (Rs. Crs)

Traded Volume (quantity)

Open Interest (quantity)

Futures on JUNIOR

6762

138.23

169050

86475

Futures on CNX 100

4401

92.29

220050

132300

Options on JUNIOR

308

6.43

7700

6675

 

 

Press Release no.2

Security listed and admitted to dealings – GOACARBON

 

The equity shares of the following company shall be listed and admitted to dealings on the Exchange w.e.f. June 5, 2007. Trading shall be in the Normal Market segment – Compulsory Demat (Rolling Settlement) for all investors.

 

Sr. No.

Symbol

Name of the Company

ISIN Code

 

1

GOACARBON

Goa Carbon Limited

INE426D01013

 

 

Press Release no.3

Security listed and admitted to dealings – NITINFIRE

 

The equity shares of the following company shall be listed and admitted to dealings on the Exchange w.e.f. June 5, 2007. Trading shall be in the Normal Market Segment – Compulsory Demat (Rolling Settlement) for all investors.

 

Sr. No.

Symbol

Name of the Company

ISIN Code

1

NITINFIRE

Nitin Fire Protection Industries Limited

INE489H01012

 

 

Press Release no.4

News about Idea Cellular Limited

 

The media had reports on May 31, 2007 that Telekom Malaysia may acquire Idea Cellular Limited.

 

The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company.

 

Idea Cellular Limited has vide its letter inter-alia stated, "In this regard, the company at this moment does not wish to comment on the media reports which are speculative and factually incorrect."

 

 

Press Release no.5

News about Tata Tea Limited

 

The media had reports that Tata Tea Ltd may pick up significant stake in Mount Everest Mineral Water Limited, makers of the Himalayan brand of mineral water.

 

The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company.

 

Reply is awaited from Tata Tea Ltd.

 

 

Press Release no.6

News about Nilkamal Limited

 

The media had reports that Nilkamal Limited may acquire Mumbai based plastic company.

 

The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company.

 

Nilkamal Limited has vide its letter inter-alia stated,"Please be informed that, no such information of any probable event as mentioned therein has been reported by the Company to the media."

 

 

Press Release no.7

NSE completes its 1823rd Normal Settlement

 

The Exchange has successfully completed its 1823rd Normal Settlements (Rolling T+2 following SEBI directive) since inception i.e., Settlement Number N – 2007100 on June 1, 2007. The settlement statistics are as follows:     

 

Particulars
Values

           

N – 2007100

Total traded quantity (lakhs)

4516.09

Total traded value (Rs. In Crores)

11103.35

Total value of the settlement (Securities) (Rs. In Crores)

3149.11

Total value of the settlement (Funds) (Rs. In Crores)

889.22

Shortages for the settlement

0.16%

% of  Delivery ( No. of shares deliverable / No. of shares traded )

28.89%

 

Retail Debt Market have completed its 1097th settlements details of which are as follows:

 

Settlement No.

Traded Value

Settlement Value

 

 

Securities

Funds

D- 2007100

NIL

NIL

NIL