May 18, 2009
Press Release no. 1
Circuit Breakers
SEBI vide their
Circular No. SMDRPD/Policy/Cir-37 dated June 28, 2001 has stipulated that the
index based market wide circuit breaker system shall apply at three stages of
the index movement at 10%, 15% and 20%, irrespective of whether the market
moves up or down. These percentages are translated into absolute points of
index variations on a quarterly basis. For the current quarter, applicable
Nifty points are 300 points for 10%, 450 points for 15% and 600 points for 20%.
Similarly, applicable Sensex points are 975 points for 10%, 1450 points for 15%
and 1950 points for 20%.
As such, on May
18, 2009, within a few seconds after markets opened, Nifty went up by 531.65
points and Sensex went up by 1789.88 points thereby crossing 450 points (15%)
for Nifty & 1450 points (15%) for Sensex. Consequently equity and equity
derivatives markets were closed for a period 2 hours as prescribed in the above
mentioned circular. Subsequently after reopening at 11.55 am, Nifty further
went up and closed 651.50 points higher.
Similarly Sensex closed 2110.79 points higher, thereby crossing 600
points (20%) for Nifty and 1950 points (20%) for Sensex. As per the
above-mentioned circular, equity and equity derivatives markets were closed for
the rest of the day.
The existing policy will continue to govern trading on the
exchanges. Accordingly, the first level
of the circuit breaker at 10% will be triggered at 300 points for Nifty and 975
for Sensex over the respective closing level of the indices today. The second circuit breaker at 15% and the
third circuit breaker at 20%, will be triggered at 450 points and 600 points
for the NIFTY respectively and 1450 points and 1950 points for the Sensex
respectively, over the closing levels of today.
Press Release no. 2
NSE Currency
Derivatives Segment surpasses 1 million contracts equivalent to over 1 billion
US Dollars
The Currency Derivatives Segment was
launched for the first time in
The segment clocked USD 1.06 billion (Rs.5090.80
Crs) on May 18, 2009. The open interest also witnessed a growth to close at USD
334 million.
Press Release no. 3
Clarification
There have been
reports in some sections of the press that there were some settlement / margin
issues today. We would like to confirm that all settlements were completed
smoothly as per schedule. Further, there are no issues on margin collection and
it has been computed as per the regular policy.
Press Release no. 4
Expulsion of Trading Member - M/s. SUNCHAN SECURITIES LIMITED
The National Stock Exchange
of India Limited has expelled the trading member M/s. SUNCHAN SECURITIES LTD.
(SEBI registration no. INB230896533/INF230896533) with effect from May 18, 2009
in terms of Chapter IV of the Rules of the Exchange.
Consequently, M/s. SUNCHAN
SECURITIES LTD. ceases to be a clearing member of National Securities Clearing
Corporation Ltd., with effect from May 18, 2009.
Press Release no. 5
NSE completes its 2303rd Normal
Settlement
The Exchange has successfully completed
its 2303rd
Normal Settlements (Rolling T+2 following SEBI
directive) since inception i.e., Settlement Numbers N – 2009085 on May 18,
2009. The settlement statistics is as follows:
Particulars
|
Values
|
|
|
N-2009085
|
|
Total traded quantity (lakhs) |
7957.02 |
|
Total traded value (Rs. In Crores) |
13591.42 |
|
Total value of the settlement (Securities) (Rs. In Crores) |
2262.88 |
|
Total value of the settlement (Funds) (Rs. In Crores) |
752.53 |
Shortages for the settlement
|
0.18% |
|
% of Delivery ( No. of shares
deliverable / No. of shares traded ) |
16.82% |
Retail Debt Market have completed its 1577th
settlements detail of which are as follows:
|
Settlement No. |
Traded Value |
Settlement Value |
|
|
|
|
Securities |
Funds |
|
D- 2009085 |
NIL |
NIL |
NIL |