May 31, 2010

 

Press Release No. 1

Reduction in charges

 

In a major initiative to encourage investors from the rural and semi urban areas to participate in the equity market, the National Stock Exchange of India Ltd has today announced a few steps to make it more cost effective for the common investors, especially located in the semi urban and rural areas.

 

Currently, the members taking leased line connectivity from the rural and semi urban areas to connect to the exchange have to pay an amount of rupees one lakh, annually, on a recurring basis. Post today’s announcement, the exchange has decided to waive the transaction charges pertaining to the trades generated from these leased lines to the extent of the annual leased line connectivity cost. (Rs. one lakh)

This move is mainly to facilitate trading members to establish trading terminals in these semi urban and rural areas as at a reasonable cost. It is expected that there are around 300 leased lines in these areas which are used by members and they will benefit from this. Also, it is expected to benefit a large number of investors in these regions.

 

The incentive will be applicable to all the trading volumes generated through these leased lines with effect from April 1, 2010.

 

In its continuing endeavour to encourage investors from semi urban and rural areas and to facilitate members to set up infrastructure in those regions at a reasonable cost, NSE has brought down the infrastructure costs for members.  The immediate benefit of this initiative will be availed by NSE members who are connected to the POPS (points of presence) at Rajkot, Jaipur and Kochi. Against the existing connectivity charges of Rs. 2 lakhs to 2.50 lakhs per leased line in these regions, the Exchange has revised the charges to Rs. 1 lakh per annum.  

 

Joint Managing Director, Chitra Ramakrishna says’’ These announcements are in tune with our thrust to make high quality infrastructure affordable beyond the metros and to encourage market access from these centres’’.

 

Press Release No. 2

News about Piramal Glass Limited & Hindustan National Glass & Industries Limited

 

The media had reports that Piramal Glass Limited may sell its glass business to Hindustan National Glass & Industries.

 

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 officials of the companies.

 

Piramal Glass Limited has vide its letter inter-alia stated, "We would like to confirm that the information referred to in the news article is baseless."

 

Hindusthan National Glass & Industries Limited has vide its letter inter-alia stated,” We like to inform that no document whatsoever has been signed with Ajay Piramal Group and the Company. The Company has made acquisitions in the past in this line of business and is always open to further consolidation. We remain committed to inform the Stock Exchange of any price sensitive information."

 

 

Press Release No. 3

News about JM Financial Limited

 

The media had reports that Reliance Industries Ltd may buy a majority stake in JM Financial Asset Management Pvt. Ltd.

 

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 officials of the company.

 

JM Financial Limited has vide its letter inter-alia stated, “We wish to inform you that there is no truth in the above news item. JM Financial Mutual Fund forms an important part of the JM Financial Group portfolio and we remain focused and committed towards growing the said business."

 

 

Press Release No. 4

Security listed and admitted to dealings - RAINBOWPAP

 

The equity shares of the following company shall be listed and admitted to dealings on the Exchange w.e.f. June 02, 2010. 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

RAINBOWPAP

Rainbow Papers Limited

INE028D01017

 

Press Release No. 5

Security listed and admitted to dealings – SUNDARAM

 

The equity shares of the following company shall be listed and admitted to dealings on the Exchange w.e.f. June 02, 2010. 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

SUNDARAM

Sundaram Multi Pap Limited

INE108E01023

 

 

Press Release No. 6

NSE completes its 2560th and 2561st Normal Settlement

 

The Exchange has successfully completed its 2560th and 2561st Normal Settlements (Rolling T+2 following SEBI directive) since inception i.e., Settlement Number N – 2010097 and N - 2010098 on May 31, 2010. The settlement statistics are as follows:

 

Particulars
Values

 

N-2010097

N-2010098

Total traded quantity (lakhs)

6252.73

6867.00

Total traded value (Rs. In Crores)

13499.03

16610.42

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

3883.71

4924.85

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

903.30

1806.6

Shortages for the settlement

0.15%

0.20%

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

29.02%

28.94%


Retail Debt Market has completed its 1833rd and 1834th settlements, details of which are as follows:

 

Settlement No.

Traded Value

Settlement Value

 

 

Securities

Funds

D- 2010097

NIL

NIL

NIL

D-2010098

NIL

NIL

NIL