Index based market wide circuit breaker for the Quarter 1st January 2008 to 31st March 2008

The Exchange implements on a quarterly basis (SEBI circular SMDRPD/Policy/Cir-37/2001 dated June 28, 2001) the index based market wide circuit breaker system.  The system is applicable at three stages of the index movement either way at 10%, 15% and 20%. This circuit breaker brings about a coordinated trading halt in all equity and equity derivative markets nationwide.

The market wide circuit breakers would be triggered by movement of either SENSEX or the NSE S&P CNX Nifty whichever is breached earlier.

·         In case of a 10% movement of either of these indices, there would be a 1-hour market halt if the movement takes place before 1 p.m. In case the movement takes place at or after 1 p.m. but before 2.30 p.m. there will be a trading halt for ½ hour. In case the movement takes place at or after 2.30 p.m. there will be no trading halt at the 10% level and the market will continue trading.

·         In case of a 15% movement of either index, there will be a 2-hour market halt if the movement takes place before 1 p.m. If the 15% trigger is reached on or after 1 p.m. but before 2 p.m., there will be a 1 hour halt. If the 15% trigger is reached on or after 2 p.m. the trading will halt for the remainder of the day.

·         In case of a 20% movement of the index, the trading will be halted for the remainder of the day.

The percentages are calculated on the closing index value of the quarter. These percentages are translated into absolute points of index variations (rounded off to the nearest 25 points in case of SENSEX). At the end of each quarter, these absolute points of index variations are revised and made applicable for the next quarter. 

On December 31, 2007, the last trading day of the quarter, SENSEX closed at 20286.99 points. The absolute points of SENSEX variation (over the previous day’s closing SENSEX) which would trigger market wide circuit breaker for any day in the quarter between 1^st January 2008 and 31^st  March 2008 would be as under:

Percentage (+/-)

Equivalent Points (+/-)

 Kalyan S. Bose

Head – Corporate Affairs

Tel: +91 22 2272 2938

E-mail: corporate.affairs@bseindia.com

 December 31, 2007

Add commentJanuary 1st, 2008

NSE completes its 1970th Normal Settlement

The Exchange has successfully completed its 1970^th Normal Settlement (Rolling T+2 following SEBI directive) since inception i.e., Settlement Number N – 2007247 on December 31, 2007. The settlement statistics is as follows: 

Particulars	Values
	N – 2007247
Total traded quantity (lakhs)	9850.24
Total traded value (Rs. In Crores)	24869.36
Total value of the settlement (Securities) (Rs. In Crores)	9195.56
Total value of the settlement (Funds) (Rs. In Crores)	3248.43
Shortages for the settlement	0.30%
% of  Delivery ( No. of shares deliverable / No. of shares traded )	33.23%

 

Retail Debt Market have completed its 1244^th  settlements details of which is as follows:

Settlement No.	Traded Value	Settlement Value
		Securities	Funds
D- 2007247	NIL	NIL	NIL

 

Add commentJanuary 1st, 2008

Securities listed and admitted to dealings - BGRENERGY

The equity shares of the following company shall be listed and admitted to dealings on the Exchange w.e.f. January 3, 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	BGRENERGY	BGR Energy Systems Limited	INE661I01014

Add commentJanuary 1st, 2008

Market-wide Position Limit in ARVINDMILL

The derivative contracts in the underlying ARVINDMILL have crossed 95% of the market-wide position limit on December 31, 2007. It is hereby informed that all clients/ members shall trade in derivative contracts of  ARVINDMILL  by offsetting their existing positions till the open interest comes down to 80% of the market wide position limit.

Add commentJanuary 1st, 2008

ICDM on 31st December 2007

Value of deals reported on ICDM on 31st December , 07 , through ICDM System is = Rs. 182.54 Crs.
Number of deals reported : 25

Please find hereinbelow data on F&O turnover (one sided) for the trade date 31st Dec 2007.
1.) Sensex Futures = Rs 1005.78 crores.
2.) Total F&O Turnover = Rs 1006.09 crores.
All the above values represent one sided turnover.

Kalyan S. Bose
Corporate Affairs
Bombay Stock Exchange Ltd.

Add commentJanuary 1st, 2008