National Stock Exchange of India Limited has been awarded ‘Derivatives Exchange of the Year’ by Asia Risk Magazine.

National Stock Exchange of India Limited has been awarded 'Derivatives Exchange of the Year' by Asia Risk Magazine.

The award recognizes best practice, quality service and innovation in derivatives and risk management in the Asia-Pacific region. The winning institutions are those that, over the past year, have responded best in the needs of their clients, both on the asset and liability side, along with the end-users that have demonstrated outstanding trading and risk management strategies.

'Asia Risk' is the only publication dedicated solely to the business of financial risk management and the derivatives market in the Asia-Pacific region since 1995.

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National Stock Exchange inducts pedigreed foreign institutions as its shareholders

Pursuant to the FDI Policy announced by the Government of India in respect of Foreign Direct Investment in the Indian stock exchanges, five Indian Institutions: IFCI, IL&FS, ICICI, PNB and GIC have entered into an agreement with a global stock exchange and three financial institutions to sell part of their holdings in the National Stock Exchange (NSE). The NYSE Group, General Atlantic, Goldman Sachs and Softbank Asian Infrastructure Fund will each acquire 5% stake in the NSE from the above domestic Institutions.

"We are pleased to welcome the NYSE Group and other new stakeholders in NSE," said Ravi Narain, MD & CEO of NSE. "In a rapidly integrating world of financial markets, this timely partnership brings together the strengths of institutions from North America, Europe and Asia. This alliance marks a significant milestone for NSE in developing a place for itself in the emerging global scenario. The global financial investors are amongst the most pedigreed institutions in the world, and will contribute to building value in the NSE".

NYSE Group has a market capitalization of more than USD $15 billion. The operating companies listed on its New York Stock Exchange and NYSE Arca subsidiaries represent a total global market capitalization of $23 trillion. NYSE Group is in the process of merging with Euronext N.V., to create the first truly global financial exchange group. Its proposed investment in the NSE is therefore of significant strategic importance for the Indian stock exchanges and capital markets.

General Atlantic is a leading global private equity firm with $12 billion of capital under management. General Atlantic has extensive experience in the financial services industry and is one of the first global private equity firms to invest in India. Current investments among 50 portfolio companies globally include NYSE Group, NYMEX, Genpact and Patni.

Goldman Sachs is a leading investment bank globally and is a committed partner, leading advisor and practitioner to many of the world's major exchanges. As a stakeholder in the NSE and through its leading experience with exchanges, Goldman Sachs will be an important strategic partner and will contribute to NSE's continued success.

Softbank Asian Infrastructure Fund is a leading Asian private equity firm with over 60 portfolio companies in the region. SAIF Partners will bring its extensive network of Indian as well as international relationships in the financial services sector to the advantage of NSE.

National Stock Exchange (NSE), established in the mid 1990s as a demutualised electronic exchange by leading Indian financial institutions, offers trading, clearing and settlement services in a range of products covering equity, debt and equity derivatives. It is India's largest exchange and ranks third globally by number of trades in the equities market. NSE provides a modern, fully automated screen-based trading system with nearly 40,000 trading terminals giving it extensive reach. NSE has played an important role in helping reform the Indian securities market and in bringing about transparency, efficiency and market integrity.

NSE introduced trading in equity derivative products in 2000-01. In this short span of time, NSE has become the largest exchange in single stock futures and ranks fourth in index futures globally. Its flagship index, the NIFTY 50, is used extensively by investors in India and around the world to take exposure to the Indian equities market. In 2006, the average daily traded value in equities was around USD 2 billion and the notional average daily traded value in equity derivatives was around USD 7 billion. As stakeholders in the National Commodity Derivatives Exchange (NCDEX) and Multi-Commodity Exchange (MCX), NSE has also been part of the exciting growth of the Indian commodity derivative markets.

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NSE, CRISIL announce launch of IndiaBondWatch.com – An online corporate bond information & analysis portal

NSE, CRISIL announce launch of IndiaBondWatch.com – An online corporate bond information & analysis portal

National Stock Exchange of India Limited and CRISIL Limited have jointly sponsored the development of an online service in order to facilitate and promote the development of markets for corporate bonds and securitised debt. The website www.IndiaBondWatch.com is a comprehensive online resource for information and analysis for these markets and would be developed as a one stop shop for all information on corporate bonds and securitized debt. The site is being developed as a stepping-stone to taking forward the recommendations of the R.H Patil committee. Logically integrated validated bond information that would be critical and basic to any price discovery would be the key cornerstone of the website.
Said, Mr Ravi Narain, CEO, NSE, "The IndiaBondWatch initiative has been created in order to fill the information gap that currently exists in the market, and to provide a forum for analysis and discussion of the issues that impact demand, supply and secondary market liquidity of bonds and securitised debt. The website is in the public domain and open for use by all market participants. It contains relevant, accurate and accessible information on corporate bonds. It will also be used to disseminate data on daily trades, including price, yield and volume information."
Mr Ravimohan, Managing Director & CEO, CRISIL further emphasized, "In addition to serving as a bond database and dissemination platform, the IndiaBondWatch website will also contain analysis, opinion and discussion forums. These features will help the development of the corporate bond and securitised debt market by raising and discussing key impeding issues faced by issuers, investors and intermediaries in these markets. The website will also contain a reference section that will bring together all notifications, circulars, acts and regulations that have a bearing on participants in these markets."
He added, "By creating a single online resource to perform all the above functions we hope to speed up the process of reforms in these markets and thereby contribute to increasing the efficiency of capital markets and the economy as a whole."
Said Mr. Neeraj Gambhir, Chairman, FIMMDA "FIMMDA is very happy to support an initiative like this. Our members stand to benefit the most from the improved flow of information and ongoing process of dialogue for reforms in the corporate bond market. We will help NSE and CRISIL in whatever way we can in order to ensure the success of IndiaBondWatch."
Mr. A.P. Kurian, Chairman, AMFI, congratulated NSE and CRISIL for launching IndiaBondWatch. He stated that, "This is a big step forward in the development of corporate bond market in the Country as all information on corporate bonds is being made available in one single place in a logically coherent manner. The mutual fund industry will greatly benefit from this initiative."

Media Contacts

Hari K Asst. Vice President National Stock Exchange of India Ltd. Phone: +91 22 2659 8148 Fax: +91 22 2659 8149 Email: cc_nse@nse.co.in

Ramya Krishnan-Anil Head, Market Development & Communications CRISIL Ltd. Phone :+91 22 6758 8051/ +91 98203 42671 Fax : +91 22 6758 8058 Email : RamyaKA@crisil.com

About NSE
National Stock Exchange (NSE), established in the mid 1990s as a demutualised electronic exchange by leading Indian financial institutions, offers trading, clearing and settlement services in a range of products covering equity, debt and equity derivatives. It is India's largest exchange and ranks third globally by number of trades in the equities market. NSE provides a modern, fully automated screen-based trading system with nearly 40,000 trading terminals giving it extensive reach. NSE has played an important role in helping reform the Indian securities market and in bringing about transparency, efficiency and market integrity.

NSE introduced trading in equity derivative products in 2000-01. In this short span of time, NSE has become the largest exchange in single stock futures and ranks fourth in index futures globally. Its flagship index, the NIFTY 50, is used extensively by investors in India and around the world to take exposure to the Indian equities market. In 2006, the average daily traded value in equities was around USD 2 billion and the notional average daily traded value in equity derivatives was around USD 7 billion. As stakeholders in the National Commodity Derivatives Exchange (NCDEX) and Multi-Commodity Exchange (MCX), NSE has also been part of the exciting growth of the Indian commodity derivative markets.

About CRISIL Limited, a Standard & Poor's Company

CRISIL is India's leading Ratings, Research, Risk and Policy Advisory Company. CRISIL's majority shareholder is Standard & Poor's, a division of The McGraw-Hill Companies and the world's foremost provider of financial market intelligence. For more information, visit http://www.crisil.com

CRISIL offers domestic and international customers a unique combination of local insights and global perspectives, delivering independent information, opinions and solutions that help them make better informed business and investment decisions, improve the efficiency of markets and market participants, and help shape infrastructure policy and projects. Its integrated range of capabilities includes credit ratings and risk assessment; energy, infrastructure and corporate advisory; research on India's economy, industries and companies; global equity research; fund services; and risk management.

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NSE Press Releases - March 07, 2008

Press Release No. 01

Security listed and admitted to dealings – ESSARSHIP

The equity shares of the following company shall be listed and admitted to dealings on the Exchange w.e.f. March 11, 2008. 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	ESSARSHIP	Essar Shipping Limited	INE282A01016

Press Release No. 02

Security listed and admitted to dealings - NAHARCAP

The equity shares of the following company shall be listed and admitted to dealings on the Exchange w.e.f. March 11, 2008. 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	NAHARCAP	Nahar Capital and Financial Services Limited	INE049I01012

Press Release No. 03

News about India Cements Limited

The media had reports on March 6th, 2008 that India Cements Ltd. may acquire coal mines in Indonesia.

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.

India Cements Ltd. has vide its letter inter-alia stated, "As already informed, in the Explanatory statement of our Notice dated 19th November, 2007, in order to achieve the twin objectives of securing quality coal at reasonable price and avoid the impact of ever increasing shipping freight, the Company has been on the lookout for opportunities for investment in coalmines abroad." 

Press Release No. 04

News about Infrastructure Development Finance Company Limited

The media had reports that Infrastructure Development Finance Company Limited may buy Stanchart MF for $ 205 million.

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.

Infrastructure Development Finance Company Limited has vide its letter inter-alia stated, "The discussions to acquire mutual fund business of Stanchart MF by the Company are at an advanced stage but the deal is not yet concluded. We will inform the Exchange about the developments as soon as the deal is concluded."

Press Release No. 05

NSE completes its 2018th Normal Settlement

The Exchange has successfully completed its 2018^th Normal Settlement (Rolling T+2 following SEBI directive) since inception i.e., Settlement Number N – 2008046 on March 7, 2008. The settlement statistics is as follows:     

Particulars	Values
	N – 2008046
Total traded quantity (lakhs)	5586.18
Total traded value (Rs. In Crores)	14167.53
Total value of the settlement (Securities) (Rs. In Crores)	3379.63
Total value of the settlement (Funds) (Rs. In Crores)	1080.54
Shortages for the settlement	0.16%
% of  Delivery ( No. of shares deliverable / No. of shares traded )	21.85%

Retail Debt Market have completed its 1292^nd settlements details of which is as follows:

Settlement No.	Traded Value	Settlement Value
		Securities	Funds
D- 2008046	NIL	NIL	NIL

 

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NSE Press Releases - March 05, 2008

Press Release No. 01

Corporates with highest number of complaints pending 

Given below are names of corporates, whose securities are suspended / withdrawn from trading on NSE, with highest number of complaints pending against them for a period of more than 2 months as on February 29, 2008.

Sr. No.	Name of the Corporate	Number of complaints pending
1	Vatsa Corporations Ltd	80
2	Soundcraft Industries Ltd.	28
3	Pal Peugeot Ltd	12
4	Enkay Texofood Industries Ltd	8
5	Arihant Industries Ltd.	5
6	Patheja Forgings & Auto Parts Manufacturers Ltd	4
7	Eider Infotech Limited	4
8	Cauvery Software Engineering Systems Ltd	3
9	Western Paques (India) Ltd	3
10	Scintilla Software Technology Ltd	2

Out of the companies whose securities are traded on NSE, given below are names of corporates with highest number of complaints pending against them for more than 2 months as on February 29, 2008.

Sr. No.	Name of Corporate	Number of complaints pending
1	Oil & Natural Gas Corpn Ltd	11

Press Release No. 02

News about PNB Gilts Limited

The media had reports that Punjab National Bank may sell 26 percent stake in the 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 officials of the company.

PNB Gilts Ltd. has vide its letter inter-alia stated, "The Company has no information with respect to stake sale by Punjab National Bank."

Press Release No. 03

News about Ranbaxy Laboratories Limited

The media had reports that Ranbaxy Laboratories Ltd may shortly announce a bonus issue.

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.

Ranbaxy Laboratories Ltd has vide its letter inter-alia stated, "The news item stating that the Company may shortly announce a bonus issue is speculative and incorrect."

Press Release No. 04

News about SRF Limited

The media had reports that SRF Ltd. is making an acquisition in Thailand, for technical textiles specifically for coated fabrics.

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.

SRF Ltd. has vide its letter inter-alia stated, "The Company is considering various inorganic growth opportunities in its businesses across the globe. However, as of now no conclusive deal has been finalized. Further, we assure that as soon as any deal is finalized, we shall inform the Stock Exchanges immediately."

Press Release No. 05

NSE completes its 2017th Normal Settlement

The Exchange has successfully completed its 2017^th Normal Settlement (Rolling T+2 following SEBI directive) since inception i.e., Settlement Number N – 2008045 on March 5, 2008. The settlement statistics is as follows:     

Particulars	Values
	N – 2008045
Total traded quantity (lakhs)	4790.46
Total traded value (Rs. In Crores)	12495.30
Total value of the settlement (Securities) (Rs. In Crores)	3214.34
Total value of the settlement (Funds) (Rs. In Crores)	1082.65
Shortages for the settlement	0.13%
% of  Delivery ( No. of shares deliverable / No. of shares traded )	23.88%

Retail Debt Market have completed its 1291^st settlements details of which is as follows:

Settlement No.	Traded Value	Settlement Value
		Securities	Funds
D- 2008045	NIL	NIL	NIL

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NSE Press Releases - March 04, 2008

Press Release No. 01

NSE completes its 2016th Normal Settlement

The Exchange has successfully completed its 2016^th Normal Settlement (Rolling T+2 following SEBI directive) since inception i.e., Settlement Number N – 2008044 on March 4, 2008. The settlement statistics is as follows:     

Particulars	Values
	N – 2008044
Total traded quantity (lakhs)	6815.60
Total traded value (Rs. In Crores)	15793.46
Total value of the settlement (Securities) (Rs. In Crores)	3857.26
Total value of the settlement (Funds) (Rs. In Crores)	1327.06
Shortages for the settlement	0.27%
% of  Delivery ( No. of shares deliverable / No. of shares traded )	21.69%

Retail Debt Market have completed its 1290^th settlements details of which is as follows:

Settlement No.	Traded Value	Settlement Value
		Securities	Funds
D- 2008044	NIL	NIL	NIL

Press Release No. 02

News about ICICI Bank Limited

 The media had reports that ICICI Bank Ltd has lost $264 million till Jan 31, 2008 due to subprime crisis.

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.

ICICI Bank Ltd has vide its letter inter-alia stated, "The bank has no material direct or indirect exposure to US sub-prime credit. The widening of credit spreads in the international markets have resulted in a negative mark-to-market impact on the credit derivatives and fixed income investment portfolios of the Bank and its overseas banking subsidiaries, while there has been no significant deterioration in actual credit quality of the underlying investments. ICICI Bank and its overseas banking subsidiaries have an aggregate exposure of USD 2.2 billion in credit derivatives. As of January 31, 2008, the mark-to-market negative on this portfolio due to movement of credit spreads was about US$ 155 million of which USD 88 million had been provided for in the financial statements of the bank and its subsidiaries for the nine months ended December 31, 2007. In addition, ICICI Bank and its overseas banking subsidiaries have fixed income investment portfolios which have a mark-to-market negative due to widening of credit spreads. As of January 31, 2008 this negative was about US $108 million of which US $ 101 million had been accounted for in the financial statements as of December 31, 2007. This includes mark-to-market on the available for sale portfolio which has been accounted for in the shareholders' equity. It may be noted that unrealized gains on ICICI Bank's other investment portfolio has not been considered in above."

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NSE Press Releases - March 03, 2008

Press Release No. 01 

Introduction of long term option contracts on S&P CNX Nifty Index

Trading in long term options on S&P CNX Nifty index commenced today. The S&P CNX Nifty Index is the most actively traded index based derivative product in India with more than Rs.15000 Crs daily average turnover and lakhs of investors participating in this segment.  The long term options contract is now expected to deepen this market further.

Active trading was observed in the three quarterly expiries i.e June/Sept/Dec 2008.  The total traded turnover for the day in long term options contracts was Rs 150.16 crores at 5223 contracts. The open interest stood at 4184 contracts. Active contracts had strike prices between 4800 & 5550. The Nifty December 2008 call for 5000 strike was the most actively traded contract recording a turnover of Rs 43.57 crores.

Press Release No. 02

Security listed and admitted to dealings – GSSAMERICA

The equity shares of the following company shall be listed and admitted to dealings on the Exchange w.e.f. March 7, 2008. 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	GSSAMERICA	GSS America Infotech Limited	INE871H01011

Press Release No. 03

NSE completes its 2015th Normal Settlement

The Exchange has successfully completed its 2015^th Normal Settlement (Rolling T+2 following SEBI directive) since inception i.e., Settlement Number N – 2008043 on March 3, 2008. The settlement statistics is as follows:     

Particulars	Values
	N – 2008043
Total traded quantity (lakhs)	5302.76
Total traded value (Rs. In Crores)	14483.35
Total value of the settlement (Securities) (Rs. In Crores)	4477.43
Total value of the settlement (Funds) (Rs. In Crores)	1613.84
Shortages for the settlement	0.19%
% of  Delivery ( No. of shares deliverable / No. of shares traded )	28.33%

 Retail Debt Market have completed its 1289^th settlements details of which is as follows:

Settlement No.	Traded Value	Settlement Value
		Securities	Funds
D- 2008043	NIL	NIL	NIL

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