August 25, 2011

Press Release No. 1

NSE to launch Global Indices on Monday, 29^th August, 2011

The National Stock exchange is launching derivative contracts on the world’s most followed equity indices, the S&P 500 and the Dow Jones Industrial Average from Monday, the 29^th of August. This is the first time that derivative contracts on global indices are being launched in India.  This is the also the first time in the world that futures contracts on the S&P 500 index are being introduced and listed on an exchange outside of their home country, USA. The new contracts will include futures on both the DJIA and the S&P 500, and options on the S&P 500.

In order to encourage active participation in the above contracts, it has been decided that no transaction charges will be levied on the trades done in the contracts from the date of commencement till February 29, 2012.

The rupee denominated derivative contracts on S&P and the DJIA introduced by NSE shall provide Indian investors with easier access to gain exposure to the US equity market.  All the members of the equity derivatives segment of NSE shall be able to trade this product for themselves and their clients, through their existing trading, clearing and risk management infrastructure, with no additional investment.  The settlement guarantee currently available in the futures and options segment shall be automatically extended to these products as well.

Indian Investors are currently permitted to invest in foreign assets, subject to the limits stipulated by the Reserve Bank of India. The transaction costs in respect of direct investment transactions could be higher and are subjected to foreign currency risks apart from the equity market risks.  

MD and CEO of the National Stock Exchange, Mr. Ravi Narain said today:

 ‘’We are proud and happy that we have been able to provide these unique products on an Indian trading platform. We have been continuously trying to bring new products and asset classes, to meet investor needs.  Derivative contracts on these global indices will provide Indian investors easy access to US markets in Indian market hours, without taking any currency risk. ‘’

The National Stock exchange is the fourth largest exchange in the world, in terms of the number of trades in the equity segment. NSE is also the second largest derivatives exchange in Asia and the fifth largest derivatives exchange globally.

The S&P and Dow Jones indices have displayed historic resilience in holistically capturing the movements of the US market. S&P 500 is a free-float capitalization-weighted index of 500 leading companies of the U.S. economy and is widely regarded as the best single gauge of the U.S equities market. Although the S&P 500 focuses on the large cap segment of the market, with approximately 75% coverage of US equities, it is still widely considered as an ideal proxy for the total market.

The Dow Jones Industrial Average (DJIA) is a price weighted index, first published in the late 1890s. It includes 30 most liquid blue chip companies, based in the United States. The Dow represents roughly 28% of the float-adjusted market capitalization of the US stock market. 

To download the circular, visit:

http://www.nseindia.com/products/content/gi/product_SP500.htm

http://www.nseindia.com/products/content/gi/product_DJIA.htm

Press Release No. 2

Security listed and admitted to dealings – TREEHOUSE

The equity shares of the following Company shall be listed and admitted to dealings on the Exchange w.e.f. August 26, 2011. Trading shall be in the Normal Market segment – Compulsory Demat (Rolling Settlement) for all investors.

Sr. No.	Symbol	Name of the Company	ISIN Code
1	TREEHOUSE	Tree House Education & Accessories Limited	INE040M01013

Press Release No. 3

NSE completes its 2875^th Normal Settlement

The Exchange has successfully completed its 2875^th Normal Settlement (Rolling T+2 following SEBI directive) since inception i.e., Settlement Number N – 2011161 on Aug 25, 2011. The settlement statistics are as follows:

Particulars	Value
	N-2011161
Total traded quantity (lakhs)	5472.55
Total traded value (Rs. In Crores)	10147.92
Total value of the settlement (Securities) (Rs. In Crores)	2553.34
Total value of the settlement (Funds) (Rs. In Crores)	773.31
Shortages for the settlement	0.11%
% of Delivery ( No. of shares deliverable / No. of shares traded )	26.77%

Retail Debt Market has completed its 2148^th settlements, details of which are as follows:

Settlement No.	Traded Value	Settlement Value
		Securities	Funds
D- 2011161	NIL	NIL	NIL