Archive for February 5th, 2008

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Given below are names of corporates, whose securities are suspended / withdrawn from trading on NSE, with highest number of complaints pending against them for a period of more than 2 months as on January 31, 2008.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 January 31, 2008.

Sr. No.    Name of Corporate            Number of complaints pending
1        Oil & Natural Gas Corpn Ltd        12

Add commentFebruary 5th, 2008

ICDM and F & O Turnover details - February 5, 2008

Value of deals reported on ICDM on 5th February , 08 , through ICDM System is = Rs. 35.03 Crs.
Number of deals reported : 13

Please find hereinbelow data on F&O turnover (one sided) for the trade date 05th Feb 2008.
1.) Sensex Futures = Rs 1001.75 crores.
2.) Sensex Mini Futures = Rs 2.01 crores.
4) Reliance Futures = Rs 27.52 crores
3) Total F&O Turnover = Rs 1031.28 crores.
All the above values represent one sided turnover.

Kalyan S. Bose
Corporate Affairs
Bombay Stock Exchange Ltd

Add commentFebruary 5th, 2008

Classification of scrips in group ‘A’

It has been decided to adopt the following eligibility criteria for inclusion of scrips in group ‘A’:

1.Company must have been listed for minimum period of 3 months.
Exceptions:
a.The Company can be directly listed in group ‘A’ provided the market capitalisation of a company being listed, based on its issue price, is higher than the average market capitalisation of 100th company in the existing group ‘A’ as per the ranking based on preceding 3 months data.
b.Any company permitted to be traded in F&O segment from date of its listing shall be directly listed in group ‘A’.
c.Companies listed subsequent to any corporate action involving merger/ demerger/ capital restructuring etc.
2.Companies traded for minimum 98% of the trading days in past 3 months shall be considered eligible.
3.Companies with minimum non-promoter holding of 10% as per the shareholding pattern of most recent quarter shall be considered eligible.  The criteria of minimum 10% non-promoter holding shall not be applicable to public sector undertakings (PSUs).
4.The weightage of 75% and 25% shall be given to ranking on three monthly average market capitalisation and traded turnover respectively to arrive at the final ranks.
5.The list derived, based on final rank shall be screened for compliance and investigation.  Based on this screening, the list of top 200 companies shall constitute group ‘A’.
6.The group re-classification shall be reviewed twice in a year i.e. February and August.
7.On inclusion of any new Company in group ‘A’ based on criteria 1(a) or 1(b) detailed above, the last company in the existing group ‘A’, based on its final rank calculated on data preceding three months shall be excluded.
8.All companies not included in group ‘A’, ‘S’ or ‘Z’ shall constitute group ‘B’.  The division of group ‘B’ into group ‘B1’ and ‘B2’ is being discontinued.
9.In addition to these groups, scrips may be classified in group ‘T’ and ‘TS’ as part of the surveillance measures.

The revised list of ‘A’ group companies shall be announced through a separate circular on February 18, 2008 and it shall come into effect from March 3, 2008.

Kalyan S. Bose
Head – Corporate Affairs

February 5, 2008

Add commentFebruary 5th, 2008

Revision in Free-Float Adjustment Factors of BSE Index constituents

As part of quarterly review, the Exchange has reviewed the free-float adjustment factors of the index constituents based on the shareholding pattern filed for the quarter ended December 2007. The revised free-float factors are attached as a separate annexure.

The revised free float factors would come into effect from February 11, 2008.

Revised free-float adjustment factors for BSE Indices applicable w.e.f. February 11, 2008:

Kalyan S. Bose

Head – Corporate Affairs

February 5, 2008

Revised free-float adjustment factors for BSE Indices applicable w.e.f. February 11, 2008:

Add commentFebruary 5th, 2008

Asian markets closed mixed while European markets start their day in red

With the US markets closing their Monday morning in red, the Asian markets closed mixed on Tuesday. Fears of the Consumer and services sector, credit woes of the Banks are the prime reasons for the worrisome trades on the stock markets.

All Ordinaries, Shanghai Composite, Hang Seng closed in the red. The other Asian markets closed either marginally in the green or in the red amidst volatile trades.

Meanwhile the European markets are taking a rather rough Tuesday. BEL 20, CAC 50, MIBTel, Stockholm General, Swiss Markets have are down over 1% while Madrid General is down by over 2.2%. FTSE 100 is down by over 69 points while the FTSE 250 is down by 144 points. The FTSE ALL index is down 35 points.

Add commentFebruary 5th, 2008

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