February 27, 2012

 

Press Release No. 1

Second Mumbai Investothon sees overwhelming participation

 

Mumbaikars were out in large numbers on Sunday morning, to express solidarity with Indian investors, at the second Investothon in Mumbai, in less than a year. The National Stock Exchange (NSE) and the CNBC TV18 Group had started India's biggest investor movement, in March last year, from Mumbai.  Since then, the Investothon has travelled to many cities like Delhi, Ahmedabad and Chennai, garnering more support each time.

 

The special run was started by NSE and the CNBC TV18 Group, to create more awareness among investors and market intermediaries, about the importance of investing safely.

 

The Mumbai Investothon was attended by more than 6000 people, including investors, Corporates, investor associations and a large number of NSE officials.

 

'Investothon 2012' comprised of three races, differentiated based on the distance, name and colour. The first, a one kilometer race was represented by the colour Red, denoting 'Power'. The second race, a distance of three kilometers was represented by the colour Yellow, denoting 'Health' and the final lap of the symbolic run of four kilometers, represented the colour Green, denoting 'Wealth'.

 

Managing Director and CEO of NSE, Mr. Ravi Narain said, “Financial inclusion and financial literacy cannot be treated as CSR initiatives. These practices have to be ingrained in the culture and ethos of an organization. Only then, can these initiatives really impact the lives of lakhs of people, who aspire for a better living.”

 

NSE has been taking many investor friendly steps, over the years. 

In recent months, NSE has started a facility of sending out SMS and e-mail alerts to clients, at the end of every trading day. These alerts provide information to clients on all the trade transactions, conducted by them, in the equity, futures and options and currency segments. The messages and e-mails are sent to the clients after their consent. This helps clients to seek redress quickly, if they have not authorized the trades.

 

In another pioneering effort, NSE has now started showing short films on investor protection and the safeguards an investor should take during investing, in theatres in different parts of the country. Nearly 135 theatres in more than 30 tier two and tier three cities are airing these short duration films, to create more awareness among investors. These cities include Lucknow, Ghaziabad, Rajkot, Jaipur, Cochin and Coimbatore.

 

In another initiative, first time investors are being given a booklet, which acts as a guide on a client's rights and obligations. The small handbook advises a new comer into the markets, on the precautions to take before choosing a broker and whether giving a power of attorney to the broker is mandatory or not. Investors are also advised on their obligations like paying margins, funds and securities on time.

 

The Investothon is another initiative by NSE to spread the investor word and broaden the equity cult. In the coming months, we hope to take this investor support movement to the other parts of the country.

 

 

Press Release No. 2

News about Oracle Financial Services Software Limited

 

The media had reports that the US parent company may delist Oracle Financial Services Software 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.

 

Oracle Financial Services Software Limited has vide its letter inter-alia stated, "We are not aware of any such developments and there is no such communication received or issued by the company in this regard."

 

 

Press Release No. 3

Market-wide Position Limit in ABGSHIP

 

The derivative contracts in the underlying ABGSHIP have crossed 95% of the market-wide position limit on February 27, 2012. It is hereby informed that all clients/ members shall trade in derivative contracts of ABGSHIP by offsetting their existing positions till the open interest comes down to 80% of the market wide position limit.

 

 

Press Release No. 4

NSE completes 2999th Normal Settlement

 

The Exchange has successfully completed its 2999th Normal Settlement (Rolling T+2 following SEBI directive) since inception i.e., Settlement Number N – 2012037 on Feb 27, 2012. The settlement statistics are as follows:    

 

Particulars

N-2012037

Total traded quantity (lakhs)

12249.15

Total traded value (Rs. In Crores)

18285.39

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

4822.31

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

1072.89

Shortages for the settlement

0.11%

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

24.28%

 

Retail Debt Market has completed its 2272nd settlement, details of which are as follows:

 

Settlement No.

Traded Value (Rs.)

Settlement Value (Rs.)

 

 

Securities

Funds

D- 2012037

NIL

NIL

NIL