January 22, 2008

 

Press Release no.1

Market Timings � January 22, 2008

 

Capital market was closed at 9:55:58 today due to Index circuit level violation (1st level). SEBI vide their Circular No. SMDRPD/Policy/Cir-35 dated June 28, 2001 has stipulated that the index based market wide circuit breaker system shall apply at three stages of the index movement either way at 10%, 15% and 20%.

In case of a 10% movement of either of S&P CNX Nifty or BSE Sensex, there would be a one-hour market halt if the movement takes place before 1:00 p.m. The Nifty Index today has reached the 10% limit.

Hence, Market will re-open as follows:

 

Capital Market:-

Pre-open period (only for Normal Market)��������������������� : 10:45 hours to 10:55 hours

Market re-open (Normal /Odd Lot/RDM Market����� ����� : 10:55 hours

 

Future & Option segment :-

Pre-Open period����������� ����������� ����������������������������������� : 10:45 hrs. to 10:55 hrs.

Normal Market re-open���� ������������������������������������������� �: 10:55 hrs.

 

 

Press Release no.2

Clarification - I

 

There are statements in sections of the media that exchanges have been changing the VAR/SPAN margin systems over the last few months.

 

NSE strongly denies such allegations. NSE confirms that margins are computed and collected in both CM and F&O segments based on the 'Value at Risk' as prescribed.� No changes have been effected in the VAR/SPAN methodology and NSE continues to follow the same systems and procedures consistently.

 

 

Press Release no.3

Clarification - II

 

There were some rumors in a section of market that the Exchange has liquidated members� positions for margin requirements in the last two days.�

 

In respect of above, we would like to clarify that NSE has neither sold securities in the market nor liquidated members� positions.

 

 

Press Release no.4

Security listed and admitted to dealings - TATASTEEL

 

The following security of Tata Steel Limited shall be listed and admitted to dealings on the Exchange w.e.f. January 24, 2008. Trading shall be in the Normal Market Segment � Compulsory Demat (Rolling Settlement) for all investors.

 

Sr. No.

Symbol

Series

Security Description

ISIN Code

1

TATASTEEL

Q1

Cumulative Compulsorily Convertible Preference Shares

INE081A03018

 

 

 

Press Release no.5

NSE completes its 1986th Normal Settlement

 

The Exchange has successfully completed its 1986th Normal Settlement (Rolling T+2 following SEBI directive) since inception i.e., Settlement Number N � 2008014 on January 22, 2008. The settlement statistics is as follows:�

 

Particulars
Values

 

N � 2008014

Total traded quantity (lakhs)

5838.38

Total traded value (Rs. In Crores)

19826.22

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

4688.29

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

2392.35

Shortages for the settlement

0.40%

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

25.29%

 

Retail Debt Market have completed its 1260th settlements details of which is as follows:

 

Settlement No.

Traded Value

Settlement Value

 

 

Securities

Funds

D- 2008014

NIL

NIL

NIL