August 24, 2012

Press Release No. 1

NSE launches financial literacy initiative 'Jagruti' in Kotdwar, 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. In Uttarakhand, the first such tie up was started at Haridwar on the 23^rd of August and followed by Kotdwar on the 24^th of August.

The alliance between the two leading institutions, NSE and India Post, involves the setting up of a large sized screen at the post office on Badrinath Marg at Kotdwar. 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. The screen was inaugurated by Mr. M C Pande, superintendent, post offices, Kotdwar, Ms. Rana Usman, Assistant Vice President and Head of the Delhi branch of NSE and Ms. Renu Bhandari, Chief Manager, NSE.

Kotdwar, which literally means the gateway to Garhwal, has an enviable position in Uttarakhand, because pilgrims on their way to the Kedarnath and Badrinath temples, begin their journey from Kotdwar. Heavy tourist traffic in Kotdwar coupled with good rail connectivity to the rest of the State has contributed to making Kotdwar an important hub of trade and commerce. Through its financial literacy campaign at the post office, NSE wants to reach out to the residents of Kotdwar, as well as the millions of tourists, who cross this town every year, to help them grow their investments.

Joint Managing Director of NSE, Ms. Chitra Ramkrishna said, “India Post has a very large reach, through which we aim to increase financial literacy in the tier two and tier three cities of India. We hope this educational drive, “Jagruti” will help the residents of Kotdwar, to learn more about finance, so that they can grow their savings and ensure their financial well-being.’’

The screen at the Kotdwar post office will carry information on the do’s and don’ts of trading, to encourage investors to trade safely. For instance, the screen will flash messages like: ‘don’t share your trading password with anyone’, ‘it is not mandatory to give a power of attorney to your broker’, ‘don’t submit an incomplete KYC form’ and insist on a contract note for all the trades executed in your name 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. An investor can invest in very small amounts of just around Rs. 500, to buy one unit of Nifty.

It will also showcase 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.

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.

The exchange has also tied up with three prominent universities for MBA and BBA (Bachelors in Business Administration) courses, at the 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 IFCI

The derivative contracts in the underlying IFCI have crossed 95% of the market-wide position limit on August 24, 2012. It is hereby informed that all clients/ members shall trade in derivative contracts of IFCI by offsetting their existing positions till the open interest comes down to 80% of the market wide position limit.

Press Release No. 3

News about Suven Life Sciences Limited

The media had reports that Suven Life Sciences Limited may collaborate with a pharma company.

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.

Suven Life Sciences Limited has vide its letter inter-alia stated, "We deny this news and the company is not aware of the source of this information."

Press Release No. 4

Clarification by AGC Networks Limited

Significant price and volume movement has been observed in AGC Networks 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.

AGC Networks Limited has vide its letter inter-alia stated, "We wish to state that the Company is not aware of any information which may have a bearing or impact on the recent price/ volume behavior of the Company's shares. We wish to further state that the Company is not aware of the reasons for the sudden movement in its share prices."