July 06, 2012

 

Press Release No. 1

NSE launches financial literacy initiative ' Jagruti' in Vadodara, in partnership with India Post

 

India’s leading stock exchange, the National Stock exchange (NSE) has partnered with India Post of the Government of India to start a financial literacy initiative at fifty post offices in the country. The first such initiative in Gujarat was kicked off on Friday, the 6th of July, from the head post office at Vadodara, the oldest post office in this highly industrialized city. At Vadodara, the alliance between the two behemoths, NSE and India Post, involves setting up a large sized screen at the head post office on a busy street in Raopura. The screen will keep flashing data on NSE’s benchmark index, Nifty 50, data on stocks and other indices, advice on investing wisely as well as information on products of India Post.

 

Vadodara is often called the gateway to the golden corridor, because all the rail and road arteries that link Delhi, Mumbai and Ahmedabad also connect Vadodara, including the Delhi Mumbai Industrial Corridor. This focus on infrastructure, coupled with the Gujarati spirit of enterprise has contributed to making Vadodara one of the foremost industrial centres of india. NSE’s financial literacy drive, Jagruti is aimed at educating the large investing population in Vadodara, to help them grow their personal investments and expand their businesses.

 

Joint MD of NSE, Ms Chitra Ramkrishna said, “India Post has a very large reach, through which we hope to increase financial literacy in the tier two and tier three cities of India. People in Gujarat have the zeal to invest, but the drive has to be coupled with caution, to ensure investor protection."

 

In April this year, NSE has also set up a dedicated investor service centre at Ahmedabad, to give focused attention to people in this region and address their grievances quickly.

 

The screen at the Vadodara post office will carry information on the do’s and don’ts of trading, for instance ‘don’t share your trading password with anyone, 'it is not mandatory to give a power of attorney to your broker' and so on.

 

The screen will also convey information on products for retail investors like Gold exchange traded funds and Nifty exchange traded funds, cost effective and transparent options to invest in gold and NSE’s benchmark index, Nifty 50.

 

It will also carry information on products of India Post, like Online money transfers, Electronic money orders, Speed post, Savings certificates, Postal life insurance and Logistics solutions for Corporates.

 

These screens have recently been put up at prominent post offices at Rohtak, Patiala and Mohali.This initiative is also going to be implemented in cities like Midnapore, Bhagalpur, Pushkar, Ajmer, Hardwar, Muzzafarnagar, Bilaspur, Vidisha and Bharuch.

 

The alliance with India Post comes after a series of steps by NSE to increase financial literacy. NSE has a tie up with more than 90 colleges in different parts of the country, to conduct short duration courses on the capital markets called the NSE Certified Capital Market Professional or the NCCMP.

 

NSE runs this course in association with five colleges in Gujarat as well. These include Anagram Knowledge Academy Limited and Shanti Business School at Ahmedabad and the Marwadi Education Foundation's Group of Institutions at Rajkot.

 

The exchange has also tied up with three prominent universities for MBA and BBA (Bachelors in Business Administration) courses, including Punjabi university in Patiala, Guru Gobind Singh Indraprastha University at Delhi and the Maharishi Dayanand University in Rohtak.

 

In another recent partnership, NSE has joined hands with IIM Shillong, to start a two year post graduate course in financial markets, the first to be started by an IIM.

 

 

Press Release No. 2

Market-wide Position Limit in ALOKTEXT

 

The derivative contracts in the underlying ALOKTEXT have crossed 95% of the market-wide position limit on July 06, 2012. It is hereby informed that all clients/ members shall trade in derivative contracts of ALOKTEXT by offsetting their existing positions till the open interest comes down to 80% of the market wide position limit.

 

 

Press Release No. 3

Clarification by Dhanlaxmi Bank Limited

 

Substantial increase in trading volumes have been observed in Dhanlaxmi Bank Limited.

 

The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company.

 

Dhanlaxmi Bank Limited has vide its letter inter-alia stated," The Management is not aware of or has any information which in our opinion had a bearing on the price/ volume behaviour in the scrip in the recent past".

 

 

Press Release No. 4

Suspension of trading in the equity shares of  Vikash Metal & Power Limited.

 

The National Stock Exchange of India Limited had on April 25, 2012, pursuant to an order passed by Hon’ble Securities Appellate Tribunal (SAT) on April 25, 2012 allowed the trading in the equity shares of Vikash Metal & Power Limited to trade until further notice.

 

The Hon’ble SAT vide its order dated July 04, 2012 has dismissed the appeal filed by the Company.

 

In view of the dismissal of the appeal filed by the Company before the Hon’ble SAT, the trading in the equity shares of Vikash Metal & Power Limited will be suspended w.e.f. July 16, 2012 (i.e. closing hours of trading on July 13, 2012) as the company has failed to comply with the provisions of Listing Agreement.

 

Press Release No. 5

NSE completes 3091st Normal Settlement

 

The Exchange has successfully completed its 3091st  Normal Settlement (Rolling T+2 following SEBI directive) since inception i.e., Settlement Number N – 2012127 on July 06, 2012. The settlement statistics are as follows:   

 

Particulars

 

 

N-2012127

Total traded quantity (lakhs)

7439.75

Total traded value (Rs. In Crores)

10704.36

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

3141.48

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

752.78

Shortages for the settlement

0.32%

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

27.13%

 

Retail Debt Market has completed its 2364th settlement, details of which are as follows:

 

Settlement No.

Traded Value (Rs. In Crores)

Settlement Value (Rs.)

 

 

Securities

Funds

D- 2012127

0.98

NIL

NIL