Archive for December 27th, 2007
Mumbai, December 27, 2007: Bombay Stock Exchange will launch SENSEX mini derivatives Contracts from January 1, 2008 in a market lot of FIVE. This is a first in India. The small size of the contract would be attractive for retail investors as there would be comparatively lower capital outlay, lower trading costs, more precise hedging and flexible trading. It is a step to encourage and enable small investors to mitigate risk and enable easy access to India’s most popular index, SENSEX, through futures & options.
The Security Symbol for SENSEX mini Contracts will be MSX. The contract is available for one, two & three months along with weekly options.
The SEBI Board has approved introduction of 7 new derivative products for the Indian market based on the recommendations made by the SEBI Committee on Derivatives headed by Prof. M. Rammohan Rao. As stated by SEBI, the introduction of these products is a step intended to progressively encourage markets to move onshore.
About Bombay Stock Exchange: (http://www.bseindia.com/)
Established in 1875, BSE is the oldest Stock Exchange in Asia. Earlier an Association of Persons (AoP), the exchange is now a corporatised and demutualised entity. BSE reaches to around 450 cities and towns in India and has more than 4,800 listed companies on the boards, with over 7,500 scrips being traded. The companies listed on BSE command a total market capitalization of more than USD 1.7 trillion. The Exchange offers trading in the equity (cash and derivatives) and debt (corporate and government securities) segments.
Kalyan S. Bose
Head – Corporate Affairs
Tel: +91 22 2272 2938
E-mail: corporate.affairs@bseindia.com
December 27th, 2007
The Exchange has successfully completed its 1968th Normal Settlement (Rolling T+2 following SEBI directive) since inception i.e., Settlement Number N – 2007245 on December 27, 2007. The settlement statistics is as follows:
Particulars
|
Values
|
| Total traded quantity (lakhs) |
5497.34
|
| Total traded value (Rs. In Crores) |
13982.49
|
| Total value of the settlement (Securities) (Rs. In Crores) |
4825.30
|
| Total value of the settlement (Funds) (Rs. In Crores) |
1436.90
|
Shortages for the settlement
|
0.41%
|
| % of Delivery ( No. of shares deliverable / No. of shares traded ) |
26.97%
|
Retail Debt Market have completed its 1242nd settlements details of which is as follows:
| Settlement No. |
Traded Value |
Settlement Value
|
December 27th, 2007
The media had reports that PE investors may acquire 15-20 percent in the Company’s wholly-owned arm Nahar Retail for Rs. 120 crore.
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.
Nahar Industrial Enterprises Limited has vide its letter inter-alia stated,”We wish to inform that the management of Nahar Retail Limited which is an unquoted Company has in the price discovery exercise of its equity shares had been talking to various Private Equity Funds as its associates for the purpose of enhancement of paid up equity capital of the Company required for promotion of Company’s business. However, as and when the final decision to allot the shares would be taken, Nahar Retail Limited would immediately inform its holding Company so as to comply with all the formalities required under the provisions of law.”
December 27th, 2007
The equity shares of the following company shall be listed and admitted to dealings on the Exchange w.e.f. December 31, 2007. 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
|
BRIGADE
|
Brigade Enterprises Limited
|
INE791I01019
|
December 27th, 2007
Value of deals reported on ICDM on 27th December, 07, through ICDM System is = Rs. 244.07 Crs.
Number of deals reported : 39
Please find hereinbelow data on F&O turnover (one sided) for the trade date 27th Dec 2007.
1.) Sensex Futures = Rs 1181.01 crores.
2.) RPL Futures = Rs. 2.48 crores
3.) Total F&O Turnover = Rs 1183.49 crores.
All the above values represent one sided turnover.
Kalyan S. Bose
Corporate Affairs
Bombay Stock Exchange Ltd.
December 27th, 2007
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