There were some rumors in a section of market that the Exchange has liquidated members’ positions for margin requirements in the last two days.
In respect of above, we would like to clarify that NSE has neither sold securities in the market nor liquidated members’ positions.
Add commentJanuary 22nd, 2008
Its chaos everywhere. Asia, Africa and the Europe. Almost all stock exchanges across the globe have either closed deep in the red or trading in the red today. The European Markets in the red too but are trading cautiously waiting for the US markets to open.
The Indian Stock Markets – the Bombay Stock Exchange and the National Stock Exchange are put to a halt for an hour early in the morning just as the stock exchanges were opened. Heavy selling is seen across the region. Hang Seng was the worst reporting a change of 8.65% downwards followed closely by All Ordinaries, Shanghai Composite that are down by over 7.2%.
At the African Middle East, the Tel Aviv TASE 100 is down 31.87 points or 2.96%. Meanwhile the European Markets, though in the red, are trading cautiously and are eagerly waiting for the US Markets to open. It may be recalled US markets are having a Monday morning yesterday. Meanwhile, the European major stock markets are trading in the red. ATX, DAX are down by 2.3%. FTSE and Swiss Markets marginally down at the moment.
Add commentJanuary 22nd, 2008
There are statements in sections of the media that exchanges have been changing the VAR/SPAN margin systems over the last few months.
NSE strongly denies such allegations. NSE confirms that margins are computed and collected in both CM and F&O segments based on the ‘Value at Risk’ as prescribed. No changes have been effected in the VAR/SPAN methodology and NSE continues to follow the same systems and procedures consistently.
Add commentJanuary 22nd, 2008
The Indian stock markets are closed for an hour after circuit filters stopped trading as Indian stocks across the board have witnessed selling pressure. Markets will be re-opening at 10:55 AM.
Nifty is at 4578.35 down 12.10%. CNX Midcap down by 7.96% down at 6786.75.
Selling is seen across the board. Large Cap, Small Cap and Mid Cap all of them have been getting selling pressures. L&T has come to Rs. 3100 levels.
Oil and Realty followed by Metals and Banking stocks have been the sectors to be the worst hit.
Add commentJanuary 22nd, 2008
Weakness in the global stock markets is continuing. The Asian markets on Tuesday are continuing their sell off for the second day as almost all major Asian stock markets are trading in the red.
Jakarta Composite is down 7.21%. Hang Seng is down 6.66%. All Ordinaries is down 5.49%. Nikkei 225, Straits Times, Seoul Composite are down over 4%. Taiwan Weighted is down 6.45%
Add commentJanuary 22nd, 2008
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