June 03, 2015

Press Release No. 1

NSE plans 75 Investor Awareness Programmes in Northeast

Organises Mulltiple Investor Awareness Programmes in Assam

India’s leading bourse the National Stock Exchange (NSE), organized extensive investor awareness programmes in Jorhat, Tezpur and Nagaon, Assam last week to help people learn about the basics of stock market, financial planning  and safe investing and to encourage them to participate in the country’s capital market. Since inception, NSE has made rigorous effort to reach out to people in various cities and empower them with information on market products, benefits of investing and how to invest safely.

This year the exchange plans to substantially increase the number of investor awareness programmes to 75 to reach out to masses in these states to further its cause of financial awareness.

Mr. Ravi Varanasi, Chief, Business Development, NSE said, "We have constantly reached out beyond metro cities, with an aim to bring more people into the formal financial system. Growth in the financial sector will throw up multi-dimensional opportunities in the coming years. Our attempts will also ensure faster financial inclusions’’.

Last year, NSE conducted 59 programmes in the seven sister states of North east. Of these, Assam accounted for the highest number of programmes with 23 (Investor Awareness Programs) IAPs, which were organised in Hailakandi, Goalpara, Morigaon, Durrang, Baksa & Chirrang among others. Tripura (Gomati, Khowai, Sepaijila, Dhalai & Unakati), Meghalaya (Jawai & Ri Bhoi) and districts of Mizoram, Manipur, Nagaland and Arunachal Pradesh also saw NSE officials reaching out to people for spreading financial literacy. Officials of Securities Exchange Board of India spoke in some of the events and addressed the gathering in these programmes.

During these programmes, NSE official advised investors on the steps they should take, to ensure that their interests are protected. They were given guidance on how to trade cautiously, not to get misled by market rumours and invest according to a wise investment plan. Investors were also educated on the precautions they should take before, during and after trading. These included a discussion on checking contract notes issued by brokers to investors, to verify whether only authorized trades have been executed by a SEBI registered broker. Investors were also given advice on not getting lured by promises of exceptionally high returns and on the need to check the statement of accounts, to ensure that all transactions are as per the client’s advice and consent. SEBI Official who graced the occasion in some of these events, on the other hand, spoke about SEBI’s regulatory role and how it safeguards investor interests.

To ensure investor protection, NSE official also advised investors on the mandatory and voluntary documents that should be executed between the investor and the member broker, and on the need for investors to see the risk disclosure documents, if they are first time investors, for safe investing.   Investors were also advised that giving a power of attorney to the broker is voluntary and not mandatory. Different grievance redressal mechanisms were also discussed with investors, so that they can get their complaints resolved at an early stage.

Press Release No. 2

News about Nestle India Limited

The media had reports that "Maggi in thicker soup as samples fail test in Delhi."

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 company.

Nestle India Limited has vide its letter inter-alia stated, "'We wish to inform you that we have not received any official communication from the authorities so far. We wish to state that we have till now not received any orders from any State/Centre FDA authorities to recall MAGGI Noodle products in the market except an order from the Uttar Pradesh FDA dated 30.04.2015 asking us to recall a batch of MAGGI Noodles manufactured in February, 2014 which had already reached the `Best Before date' in November, 2014."

Press Release No. 3

Market-wide Position Limit in UNITECH

The derivative contracts in the underlying UNITECH have crossed 95% of the market-wide position limit on Jun 03, 2015. It is hereby informed that all clients/ members shall trade in derivative contracts of UNITECH by offsetting their existing positions till the open interest comes down to 80% of the market wide position limit.