April 24, 2012

Press Release No. 1

NSE witnesses volumes of Rs. 608 crore on Akshaya Tritiya on April 24

- A growth of 44 per cent as compared to Akshaya Tritiya, last year

On the auspicious occasion of Akshaya Tritiya, the National Stock Exchange [NSE], today recorded a traded value of Rs 608 crore in gold exchange traded funds (Gold ETF’s). This was nearly 44 per cent higher, as compared to the traded values on Akshaya Tritiya, last year, which stood at Rs 423.05 crore.

The number of units traded on gold ETFs stood at 21,93,000 (last Akshaya Tritiya it was 20 lakh units) and the number of trades on the exchange were 1,29,579.

Volumes in gold ETF’s have been showing consistent growth over the last three years with an impressive participation from retail investors, especially on auspicious days like Akshaya Tritiya and Dhanteras.

NSE had extended market timings on this Akshaya Tritiya, to give an opportunity to investors, to invest in Gold ETF’s, till late in the evening.

The year-on-year growth in Gold ETF’s on Akshaya Tritiya day has been a high 145% from 2010 to 2011, as the gross traded value on NSE has gone up from Rs 345 crore to Rs 846 crore in this period.

Overall too, there has been an impressive growth in Gold ETF’s on NSE. From an annual volume of Rs 1,172 crore in 2008-09, the figure has gone up to Rs 11,532 crore, in 2011- 12, depicting a growth of 883 per cent.

Akshaya Tritiya is considered an auspicious occasion to buy gold, and gold ETF’s perform the role of stabilizing a portfolio and protect an investor against market fluctuations.

As an investment tool, Gold ETF’s have many advantages over physical gold. Investment in Gold ETF’s is possible for retail investors in very small denominations of one gram and the product comes with a very high purity quotient. An investor doesn’t have to worry about locker charges and can trade the units with complete transparency, on an exchange.

Gold ETFs have many tax advantages as well. There is no wealth tax, VAT or STT on the purchase or sale of Gold ETF’s. NSE had waived off transaction charges on Akshaya Tritiya day, this year.

Statistics show that the assets under management in Gold ETF’s have also seen a huge increase over the years. It has increased from Rs 3,765 crore in March 2011 to Rs 7,053 crore in September 2011, to Rs 9,202 crore in December 2011, to Rs 9,516 crore in March 2012, which is an increase of 153 per cent in just twelve months.

Press Release No. 2

News about Coromandel International Limited & Mangalore Chemicals & Fertilizers Limited

The media had reports that Coromandel International Limited is close to buying UB Group's stake in Mangalore Chemicals & Fertilizers Limited.

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.

Coromandel International Limited has vide its letter inter-alia stated, "We wish to confirm that no such proposal is under consideration by the Board of Directors."

Mangalore Chemicals & Fertilizers Limited has vide its letter inter-alia stated, "We would like to clarify that we have no knowledge of the reported transaction."

Press Release No. 3

NSE completes 3038^th Normal Settlement

The Exchange has successfully completed its 3038^th Normal Settlement (Rolling T+2 following SEBI directive) since inception i.e., Settlement Number N – 2012075 on April 24, 2012. The settlement statistics are as follows:

Particulars
	N-2012075
Total traded quantity (lakhs)	5771.54
Total traded value (Rs. In Crores)	9960.28
Total value of the settlement (Securities) (Rs. In Crores)	2729.15
Total value of the settlement (Funds) (Rs. In Crores)	783.60
Shortages for the settlement	1.27%
% of Delivery ( No. of shares deliverable / No. of shares traded )	26.76%

Retail Debt Market has completed its 2311^th settlement, details of which are as follows:

Settlement No.	Traded Value (Rs.)	Settlement Value (Rs.)
		Securities	Funds
D- 2012075	NIL	NIL	NIL