May 06, 2011
Press Release No. 1
NSE
witnesses volumes of Rs. 423 crore on Akshaya Tritiya on May 6
On
the auspicious occasion of Akshaya Tritiya, the National Stock Exchange [NSE]
today recorded a high volume of 423.05 crore in gold exchange traded funds.
The
volumes have more than doubled because last year, NSE had seen volumes of 172
crores in gold ETF’s on Akshaya Tritiya on May 16th.
Volumes
in gold ETF’s have been showing high growth in the last three years and have
shown impressive growth in the run up to Akshaya Tritiya this year as well.
Yesterday, volumes had shot up to 179 crores, a trend that wasn’t seen in the
run up to the festival last year.
NSE
had recently launched a website, http://www.nsegold.com/ to create awareness among small investors and
institutional investors on the advantages of gold exchange traded funds.
Today
nearly 80,000 investors have participated in gold ETF’s as against 41,000
investors on Akshaya Tritiya last year.
Today,
the numbers of gold ETF units traded were nearly 20 lakhs, while last year on
Akshaya Tritiya it was a little over 10.5 lakhs.
On
Tuesday, NSE and BSE had jointly decided to have a live trading session for
gold ETF’s well beyond market hours till 9 pm, to allow investors to invest
after office hours.
Akshaya
Tritiya is considered an auspicious occasion to buy gold and in an uncertain
economic environment, gold is being seen as a safe asset to invest in, at home
and abroad.
Statistics show that the assets under
management for Gold ETFs stand at Rs. 4,400 cr. as on March 2011, a 176% rise
since March 2010, when it was 1590 crores.
Gold
ETF’s offer 99.5 % purity, high transparency because they are traded on the
exchange platform and low costs of trading to the investor an investor can
invest in very small amounts and physical delivery is possible for units equivalent to a kg of gold and above.
Gold ETF’s are also attractive for high networth individuals, who can buy gold units equal to a kg of gold or more and take physical delivery of high quality gold. At the same time, they are assured that they are paying low costs for buying and selling the units.
Press Release No. 2
News about Shalimar Paints Limited
The media had reports that the promoters of Shalimar Paints Limited may divest a part of their stake.
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.
Shalimar Paints Limited has vide its letter inter-alia stated, "We would like to clarify that as a matter of policy the Company does not comment on any market reports unless they relate to matters to which the Company is party and which have reached definitive stage. Otherwise, any comment by the Company would be speculative. The Company will intimate all developments which concern the stake holders of the Company at the appropriate time in accordance with Company policy and the relevant applicable regulations."
Press Release No. 3
Security listed and admitted to dealings -
PARAPRINT
The equity shares of the following company shall be listed and admitted to dealings on the Exchange w.e.f. May 09, 2011. 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 |
PARAPRINT |
Paramount
Printpackaging Limited |
INE702L01010 |
Press Release No. 4
NSE completes its 2797th
Normal Settlement
The Exchange has
successfully completed its 2797th Normal
Settlement (Rolling T+2 following SEBI directive) since inception i.e.,
Settlement Number N – 2011083 on May 06, 2011. The settlement statistics are as
follows:
Particulars
|
Value
|
|
N-2011083
|
Total traded quantity (lakhs) |
5646.63 |
Total traded value (Rs. In Crores) |
11391.50 |
Total value of the settlement (Securities) (Rs. In Crores) |
3105.66 |
Total value of the settlement (Funds) (Rs. In Crores) |
902.09 |
Shortages for the settlement
|
0.10% |
% of Delivery ( No. of shares
deliverable / No. of shares traded ) |
27.77% |
Retail Debt
Market has completed its 2070th settlements, details of which are as
follows:
Settlement No. |
Traded Value |
Settlement Value |
|
|
|
Securities |
Funds |
D- 2011083 |
NIL |
NIL |
NIL |