National Stock
Exchange of India
Group Members:
A K
A V
H J
Y A
G V
M W Q
National Stock Exchange of India
A stock exchange is a form of exchange which provides services for stock
brokers and trad...
Mobilizing savings for investment
Facilitating company growth
Profit sharing
Corporate governance
Creating investment oppo...
NSE was started by a clutch of leading Indian financial institutions. It offers
trading, clearing and settlement services ...
ROLE OF NSE IN INDIAN SECURITIES MARKET
National Stock Exchange of India Limited (NSE) was given recognition as a stock
ex...
system, dematerialisation and electronic transfer of securities and
establishment of clearing corporation. As a consequenc...
Exchange Traded Funds
ETF is an investment fund that is traded on a stock exchange, just like stocks.
An ETF holds assets ...
Technology and Application Systems in NSEIL
NSE is the first exchange in the world to use satellite communication
technolo...
(b) NEAT – WDM system takes care of trading of securities in the Wholesale
Debt Market (WDM) segment that includes Gilts, ...
c) Through collateral management system it keeps an account of all
available collaterals on behalf of all trading/clearing...
Trading Schedule
Trading on the equities segment takes place on all days of the week (except
Saturdays and Sundays and hol...
Certifications
NSE is keen to ensure that the people of India are economically empowered to
take sound financial decisions...
Clause 49
Clause 49 of the Listing Agreement to the Indian stock exchange comes into
effect from 31 December 2005. It has ...
Corporate Governance may be defined as “A set of systems, processes and
principles which ensure that a company is governed...
Clause 49’) which came into operation on 1 January 2006. The revised Clause
49 has suitably pushed forward the original in...
significance for many traders. Many start the New Year with traditional
ceremonies and pujas.
Mahurat trading is tradition...
Latest News Related to NSE
RaghuramRajan's repo rate hike, NSE Nifty plunges 103
points
Shares retreated from their overni...
After trading almost flat, market reacted sharply to the apex bank's decision to
hike key interest rate as overall sentime...
Some of the companies listed at NSE
Aftek
Andhra Bank
Arvind Mills
AurobindoPharma
Bharat Forge
Bharat Petroleum
Britannia...
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National stock exchange of india

Published on: Mar 3, 2016
Published in: Economy & Finance      Business      
Source: www.slideshare.net


Transcripts - National stock exchange of india

  • 1. National Stock Exchange of India Group Members: A K A V H J Y A G V M W Q
  • 2. National Stock Exchange of India A stock exchange is a form of exchange which provides services for stock brokers and traders to trade stocks, bonds, and other securities. Stock exchanges also provide facilities for issue and redemption of securities and other financial instruments, and capital events including the payment of income and dividends. Securities traded on a stock exchange include shares issued by companies, unit trusts, derivatives, pooled investment products and bonds. To be able to trade a security on a certain stock exchange, it must be listed there. Usually, there is a central location at least for record keeping, but trade is increasingly less linked to such a physical place, as modern markets are electronic networks, which gives them advantages of increased speed and reduced cost of transactions. Trade on an exchange is by members only. There is usually no compulsion to issue stock via the stock exchange itself, nor must stock be subsequently traded on the exchange. Such trading is said to be off exchange or over-the-counter. This is the usual way that derivatives and bonds are traded. Stock exchanges have multiple roles in the economy. This may include the following: Raising capital for businesses The Stock Exchange provides companies with the facility to raise capital for expansion through selling shares to the investing public. Common forms of capital raising  Going public  Limited partnerships  Venture capital  Corporate partners
  • 3. Mobilizing savings for investment Facilitating company growth Profit sharing Corporate governance Creating investment opportunities for small investment Government capital-raising for development projects NSE and the Bombay Stock Exchange are the two most significant stock exchanges in India. NSE The National Stock Exchange (NSE) is stock exchange located in Mumbai, India. The National Stock Exchange of India was set up in 1993, at a time when PV NarasimhaRao was the Prime Minister of India and Dr.Manmohan Singh was the finance minister. It was set up to bring in transparency in the markets. Promoted by leading financial institutions essentially led by IDBI at the behest of the Government of India, it was incorporated in November 1992 as a tax- paying company. In April 1993, it was recognised as a stock exchange under the Securities Contracts (Regulation) Act, 1956. NSE commenced operations in the Wholesale Debt Market (WDM) segment in June 1994. The Capital market (Equities) segment of the NSE commenced operations in November 1994, while operations in the Derivatives segment commenced in June 2000. NSE provides a modern, fully automated screen-based trading system, with over two lakh trading terminals, through which investors in every nook and corner of India can trade. NSE has played a critical role in reforming the Indian securities market and in bringing unparalleled transparency, efficiency and market integrity.
  • 4. NSE was started by a clutch of leading Indian financial institutions. It offers trading, clearing and settlement services in equity, debt and equity derivatives. It is India's largest exchange, globally in cash market trades, in currency trading and index options. NSE has diversified shareholding. There are many domestic and global institutions and companies that hold stake in the exchange Markets Currently, NSE has the following major segments of the capital market: Equities  Equities  Indices  Mutual Funds  Exchange Traded Funds  Initial Public Offerings  Security Lending and Borrowing Scheme Derivatives  Equity Derivatives (including Global Indices like S&P 500, Dow Jones and FTSE )  Currency Derivatives  Interest Rate Futures Debt  Corporate Bonds Equity Derivatives Currency Derivatives Interest Rate Futures Debt Market
  • 5. ROLE OF NSE IN INDIAN SECURITIES MARKET National Stock Exchange of India Limited (NSE) was given recognition as a stock exchange in April 1993. NSE was set up with the objectives of (a) establishing a nationwide trading facility for all types of securities, ( b) ensuring equal access to all investors all over the country through an appropriate communication network, (c) providing a fair, efficient and transparent securities market using electronic trading system, (d) enabling shorter settlement cycles and book entry settlements, and (e) meeting the international benchmarks and standards. Within a short span of life, above objectives have been realized and the Exchange has played a leading role as a change agent in transforming the Indian Capital Markets to its present form. NSE has set up infrastructure that serves as a role model for the securities industry in terms of trading systems, clearing and settlement practices and procedures. The standards set by NSE in terms of market practices, products, technology and service standards have become industry benchmarks and are being replicated by other market participants. It provides screen-based automated trading system with a high degree of transparency and equal access to investors irrespective of geographical location. The high level of information dissemination through online system has helped in integrating retail investors on a nation-wide basis. The Exchange currently operates three market segments, namely Capital Market Segment, Wholesale Debt Market Segment and Futures an Options segment. NSE has been playing the role of a catalytic agent in reforming the market in terms of microstructure and market practices. Right from its inception, the exchange has adopted the purest form of demutualised set up whereby the ownership, management and trading rights are in the hands of three different sets of people. This has completely eliminated any conflict of interest and helped NSE to aggressively pursue policies and practices within a public interest framework. It has helped in shifting the trading platform from the trading hall in the premises of the exchange to the computer terminals at the premises of the trading members located country-wide and subsequently to the personal computers in the homes of investors and even to hand held portable devices for the mobile investors. Settlement risks have been eliminated with NSE’s innovative endeavors in the area of clearing and settlement viz., reduction of settlement cycle, professionalisation of the trading members, fine-tuned risk management
  • 6. system, dematerialisation and electronic transfer of securities and establishment of clearing corporation. As a consequence, the market today uses the state-of-art information technology to provide an efficient and transparent trading, clearing and settlement mechanism. NSE provides a trading platform for of all types of securities-equity and debt, corporate and government and derivatives. On its recognition as a stock exchange under the Securities Contracts (Regulation) Act, 1956 in April 1993, it commenced operations in the Wholesale Debt Market (WDM) segment in June 1994, in the Capital Market (CM) segment in November 1994, and in Futures & Options (F&O) segment in June 2000. The Exchange started providing trading in retail debt of Government Securities in January 2003. The Wholesale Debt Market segment provides the trading platform for trading of a wide range of debt securities. Its product, which is now disseminated jointly with FIMMDA, the FIMMDA NSE MIBID/MIBOR is used as a benchmark rate for majority of deals struck for Interest Rate Swaps, Forwards Rate Agreements, Floating Rate Debentures and Term Deposits in the country. Its ‘Zero Coupon Yield Curve’ as well as NSE-VaR for Fixed Income Securities have also become very popular for valuation of sovereign securities across all maturities irrespective of its liquidity and facilitated the pricing of corporate papers and GOI Bond Index. NSEs Capital Market segment offers a fully automated screen based trading system, known as the National Exchange for Automated Trading (NEAT) system, which operates on a strict price/time priority. It enables members from across the country to trade simultaneously with enormous ease and efficiency. Its Futures & Options segment provides trading of a wide range of derivatives like Index Futures, Index Options, Stock Options and Stock Futures. NSEs Futures & Options segment provides trading of a wide range of derivatives like Index Futures, Index Options, Stock Options and Stock Futures. NSEs Currency Derivatives segment provides trading on currency futures contracts on the US $-INR which commenced on August 29, 2008. In February 2009, trading on additional pairs such as GBP-INR, EUR-INR and JPY-INR was allowed while trading in US $-INR currency options were allowed for trading on October 29, 2010. The interest rate futures trade on the currency derivatives segment of NSE and they were allowed for trading segment on August 31, 2009
  • 7. Exchange Traded Funds ETF is an investment fund that is traded on a stock exchange, just like stocks. An ETF holds assets such as stocks, commodities or bonds and trades in value, around its (NAV) over the course of the trading day. Most ETFs track an index such as a stock index or a bond index. ETFs are attractive investments because of their low costs, tax efficiency and stock-like features. ETFs are the most popular type of exchange-traded products in the USA and Europe. Exchange Traded Funds are simple and easy to understand. Most ETFs also have an intrinsically lower risk due to their diversified portfolio. This diversification coupled with low expenses allows the smallest of the investors to reap the benefits of market based returns. Retail investors can use ETF’s as an easy entry vehicle into the capital markets. Equity investments are most likely to give you attractive long term growth. And, this growth is reflected in market indices, like the NSE Nifty. The following products are trading on CNX Nifty Index in the Indian and international Market:  7 Asset Management Companies have launched ETFs on CNX Nifty Index which are listed on NSE  15 index funds have been launched on CNX Nifty Index  Unit linked products have been launched on CNX Nifty Index by several insurance companies in India  World Indices Derivatives Trading on CNX Nifty Index:  Futures and Options trading on CNX Nifty Index  Trading in CNX Nifty Index Futures on Singapore Stock Exchange (SGX)  Trading in CNX Nifty Index Futures on Chicago Mercantile Exchange (CME)
  • 8. Technology and Application Systems in NSEIL NSE is the first exchange in the world to use satellite communication technology for trading. Its trading system, called National Exchange for Automated Trading (NEAT), is a state of-theart client server based application. At the server end all trading information is stored in an in-memory database to achieve minimum response time and maximum system availability for users. It has uptime record of 99.7%. The system also ensures data integrity with past record of a single error in 10 million bits. NSE has been continuously undertaking capacity enhancement measures so as to effectively meet the requirements of increased users and associated trading loads. NSE has also put in place NIBIS (NSE’s Internet Based Information System) for on-line real-time dissemination of trading information over the Internet. As part of its business continuity plan, NSE has established a disaster back-up site at Chennai along with its entire infrastructure, including the satellite earth station and the high-speed optical fibre link with its main site at Mumbai. This site at Chennai is a replica of the production environment at Mumbai. The transaction data is backed up on near real time basis from the main site to the disaster back-up site through the high-speed optical fibre to keep both the sites all the time synchronised with each other. NSEIL is a technology driven exchange and since its inception it has been harnessing technology to provide the best possible and efficient service to all market participants and stake holders. The various application systems that it uses for trading as well clearing and settlement and other operations are the backbone of the Exchange. The application systems used for the day-to-day functioning of the Exchange can be divided into (a) Front end applications and (b) Back office applications. In the front end, there are 6 applications: (a) NEAT – CM system takes care of trading of securities in the Capital Market segment that includes equities, debentures/notes as well as retail Gilts. The NEAT – CM application has a split architecture wherein the split is on the securities and users. The application runs on three Stratus systems with Open Strata Link (OSL). This application also provides data feed for processing to some other systems like Index, OPMS through TCP/IP. This is a direct interface with the Trading members of the CM segment of the Exchange for entering the orders into the main system. There is a two way communication between the NSE main system and the front end terminal of the Trading Member.
  • 9. (b) NEAT – WDM system takes care of trading of securities in the Wholesale Debt Market (WDM) segment that includes Gilts, Corporate Bonds, CPs, T-Bills, etc. This is a direct interface with the Trading members of the WDM segment of the Exchange for entering the orders/trades into the main system. There is a two way communication between the NSE main system and the front end terminal of the Trading Member. (c) NEAT – F&O system takes care of trading of securities in the Futures and Options (F&O) segment that includes Futures on Index as well as individual stock and Options on Index as well as individual stocks. This is a direct interface with the Trading members of the F&O segment of the Exchange for entering the orders into the main system. There is a two way communication between the NSE main system and the front end terminal of the Trading Member. (d) NEAT – IPO system is an interface to help the initial public offering of companies which are issuing the stocks to raise capital from the market. This is a direct interface with the Trading members of the CM segment who are registered for undertaking order entry on behalf of their clients for IPOs. NSE uses the NEAT IPO system that allows bidding in several issues concurrently. There is a two way communication between the NSE main system and the front end terminal of the Trading Member. (e) NEAT – MF system is an interface with the Trading members of the CM segment for order collection of designated Mutual Funds units. (f) NEAT- CD system is trading system for currency derivatives. Currently, currency futures are trading in the segment. (g) Surveillance system offers the users a facility to comprehensively monitor the trading activity and analyse the trade data online and offline. In the back office, the following important application systems are operative: (i) NCSS (Nationwide Clearing and Settlement System) is the clearing and settlement system of the NSCCL for the trades executed in the CM segment of the Exchange. The system has 3 important interfaces – a) OLTL (Online Trade loading) that takes each and every trade executed on real time basis and allocates the same to the clearing members, b) Depository Interface that connects the depositories for settlement of securities and Clearing Bank Interface that connects the 13 clearing banks for settlement of funds. It also interfaces with the clearing members for all required reports.
  • 10. c) Through collateral management system it keeps an account of all available collaterals on behalf of all trading/clearing members and integrates the same with the position monitoring of the trading/clearing members. The system also generates base capital adequacy reports. (ii) FOCASS is the clearing and settlement system of the NSCCL for the trades executed in the F&O segment of the Exchange. It interfaces with the clearing members for all required reports. Through collateral management system it keeps an account of all available collaterals on behalf of all trading/clearing members and integrates the same with the position monitoring of the trading/ clearing members. The system also generates base capital adequacy reports. (iii) OPMS – the online position monitoring system that keeps track of all trades executed for a trading member vis-à-vis its capital adequacy. (iv) PRISM is the parallel risk management system for F&O trades using Standard Portfolio Analysis (SPAN). It is a system for comprehensive monitoring and load balancing of an array of parallel processors that provides complete fault tolerance. It provides real time information on initial margin value, mark to market profit or loss, collateral amounts, contract-wise latest prices, contract-wise open interest and limits. (v) Data warehousing that is the central repository of all data in CM as well as F&O segment of the Exchange, (vi) Listing system that captures the data from the companies which are listed in the Exchange for corporate governance and integrates the same to the trading system for necessary broadcasts for data dissemination process and (vii) Membership system that keeps track of all required details of the Trading Members of the Exchange.
  • 11. Trading Schedule Trading on the equities segment takes place on all days of the week (except Saturdays and Sundays and holidays declared by the Exchange in advance). The market timings of the equities segment are: (1) Pre-open session • Order entry & modification Open: 09:00 hours. • Order entry & modification Close: 09:08 hours. Pre-open order matching starts immediately after close of pre-open order entry. (2) Regular trading session • Normal/Retail Debt/Limited Physical Market Open: 09:15 hours • Normal/Retail Debt/Limited Physical Market Close: 15:30 hours Block deal session is held between 09:15 hours and 09:50 hours. (3) The Closing Session is held between 15.40 hours and 16.00 hours. The Exchange may however close the market on days other than the above schedule holidays or may open the market on days originally declared as holidays. The Exchange may also extend, advance or reduce trading hours when it deems fit and necessary.
  • 12. Certifications NSE is keen to ensure that the people of India are economically empowered to take sound financial decisions and invest wisely. Therefore, National Stock Exchange has collaborated with several universities to offer MBA and BBA courses that impart knowledge on markets and also build the deficit in the financial sector by giving them employable skills. NSE has also provided mock market simulation software called NSE Learn to trade (NLT) to develop investment, trading and portfolio management skills among the students. NSE also conducts online examination and awards certification, under its programs of NSE's Certification in Financial Markets (NCFM). NSE has been offering a short-term course called NSE Certified Capital Market Professional (NCCMP) since August 2009. The NCCMP or NSE Certified Capital Market Professional is a 100 hour program for over 3-4 months, conducted at the colleges, covers theoretical and practical training in subjects related to the capital markets. Currently, certifications are available in 46 modules Some of the important terms been used at stock exchanges are : Clause 49 Mahurat Trading
  • 13. Clause 49 Clause 49 of the Listing Agreement to the Indian stock exchange comes into effect from 31 December 2005. It has been formulated for the improvement of corporate governance in all listed companies. In corporate hierarchy two types of managements are envisaged: i) Companies managed by Board of Directors; and ii) Those by a Managing Director, whole-time director or manager subject to the control and guidance of the Board of Directors. • As per Clause 49, for a company with an Executive Chairman, at least 50 per cent of the board should comprise independent directors. In the case of a company with a non-executive Chairman, at least one-third of the board should be independent directors. • It would be necessary for chief executives and chief financial officers to establish and maintain internal controls and implement remediation and risk mitigation towards deficiencies in internal controls, among others. • Clause VI (ii) of Clause 49 requires all companies to submit a quarterly compliance report to stock exchange in the prescribed form. The clause also requires that there be a separate section on corporate governance in the annual report with a detailed compliance report. • A company is also required to obtain a certificate either from auditors or practicing company secretaries regarding compliance of conditions as stipulated, and annex the same to the director's report. • The clause mandates composition of an audit committee; one of the directors is required to be "financially literate". • It is mandatory for all listed companies to comply with the clause by 31 December 2005.
  • 14. Corporate Governance may be defined as “A set of systems, processes and principles which ensure that a company is governed in the best interest of all stakeholders.” It ensures Commitment to values and ethical conduct of business; Transparency in business transactions; Statutory and legal compliance; adequate disclosures and Effective decision-making to achieve corporate objectives. In other words, Corporate Governance is about promoting corporate fairness, transparency and accountability. Good Corporate Governance is simply Good Business. Clause 49 of the SEBI guidelines on Corporate Governance as amended on 29 October 2004 has made major changes in the definition of independent directors, strengthening the responsibilities of audit committees, improving quality of financial disclosures, including those relating to related party transactions and proceeds from public/ rights/ preferential issues, requiring Boards to adopt formal code of conduct, requiring CEO/CFO certification of financial statements and for improving disclosures to shareholders. Certain non-mandatory clauses like whistle blower policy and restriction of the term of independent directors have also been included. The term ‘Clause 49’ refers to clause number 49 of the Listing Agreement between a company and the stock exchanges on which it is listed (the Listing Agreement is identical for all Indian stock exchanges, including the NSE and BSE). This clause is a recent addition to the Listing Agreement and was inserted as late as 2000 consequent to the recommendations of the Kumarmangalam Birla Committee on Corporate Governance constituted by the Securities Exchange Board of India (SEBI) in 1999. Clause 49, when it was first added, was intended to introduce some basic corporate governance practices in Indian companies and brought in a number of key changes in governance and disclosures (many of which we take for granted today). It specified the minimum number of independent directors required on the board of a company. The setting up of an Audit committee, and a Shareholders’ Grievance committee, among others, were made mandatory as were the Management’s Discussion and Analysis (MD&A) section and the Report on Corporate Governance in the Annual Report, and disclosures of fees paid to non- executive directors. A limit was placed on the number of committees that a director could serve on. In late 2002, SEBI constituted the Narayana Murthy Committee to assess the adequacy of current corporate governance practices and to suggest improvements. Based on the recommendations of this committee, SEBI issued a modified Clause 49 on 29 October 2004 (the ‘revised
  • 15. Clause 49’) which came into operation on 1 January 2006. The revised Clause 49 has suitably pushed forward the original intent of protecting the interests of investors through enhanced governance practices and disclosures. Five broad themes predominate. The independence criteria for directors have been clarified. The roles and responsibilities of the board have been enhanced. The quality and quantity of disclosures have improved. The roles and responsibilities of the audit committee in all matters relating to internal controls and financial reporting have been consolidated, and the accountability of top management—specifically the CEO and CFO—has been enhanced. Within each of these areas, the revised Clause 49 moves further into the realm of global best practices (and sometimes, even beyond). By Circular dated 8 April 2008, the Securities and Exchange Board of India amended Clause 49 of the Listing Agreement to extent the 50% independent directors rule to all Boards of Directors where the Non-Executive Chairman is a promoter of the Company or related to the promoters of the company. At the end of the first India Corporate Week in December 2009, the Ministry of Corporate Affairs issued new Corporate Governance Voluntary Guidelines and new Corporate Social Responsibility Voluntary Guidelines. Mahurat Trading Mahurat trading (also pronounced Muhurat) is the stock market trading activity for an hour on the auspicious occasion of Diwali (Deepawali), the biggest festival for Hindus. Mahurat trading in the stock market happens for about an hour on Diwali day. Usually, this trading session is held in the evening. It is a symbolic ritual which has been performed for years. Stock brokers' offices take on a distinctly ethnic look with neatly designed rangoli patterns and innumerable diyas lined up to welcome Goddess Lakshmi. Mahurat trading is one of the many links the broking community retains with its rich past. The practice of Mahurat trading has been retained and observed for ages. The time of the mahurat trading is specified by the stock exchange. A nominal trading time is allowed. Usually, the Sensex closes on a higher note on the mahurat trading day. Most traders buy on this day. With this, the traders on Dalal Street welcome the New Year on a positive note. The traditional mahurat trading on the day of Diwali still retains much
  • 16. significance for many traders. Many start the New Year with traditional ceremonies and pujas. Mahurat trading is traditionally an occasion for an auspicious beginning to the traditional New Year. Investors place token orders and buy stocks for their children, which are held for the long term and sometimes never sold. Traders normally book their intra-day profits, however small they may be. For the trading communities of the north India, the new financial year begins with Diwali. That is the reason puja is performed to accounts books and safes on Dhanteras as well as on Diwali day. A coin - which signifies wealth – is placed on the account books before the puja. Stock brokers perform 'Lakshmi Puja' at the exchange and the customary mahurat trading takes place, where the Sensex invariably notches up a few points even in a bad market. It is believed that on the night of Lakshmi Puja, the Goddess comes to reside at the place of the puja. That is the reason why the traders and shopkeepers stay awake with lights burning all night. As Diwali also marks the beginning of the New Year, it is believed that mahurat trading on this day brings in wealth and prosperity throughout the year. An auspicious beginning is thus made on the first day of the year. National stock Exchange (NSE) and Bombay Stock Exchange (BSE) announce their timings of mahurat trading every year. LIVE MARKET ANALYSIS (as on 24th September 2013) Top gainers were: BAJAJ-AUTO TATAPOWER NTPC CIPLA M&M BHEL HDFC Top losers were: HINDALCO BPCL COALINDIA JINDALSTEEL ACC HCLTECH BHARTIAIRTEL
  • 17. Latest News Related to NSE RaghuramRajan's repo rate hike, NSE Nifty plunges 103 points Shares retreated from their overnight multi-month highs as the stock market reacted to the unexpected monetary tightening by the RBI to weed out the threat of spiralling inflation, rattling investor confidence. The 50-share Nifty plummeted by 103.45 points, or 1.69 per cent, to close at 6,012.10 on the National Stock Exchange (NSE). The barometer hit a high of 6,130.95 and a low of 5,932.85 in the early trade. Banking stocks and the other rate-sensitive ones were the worst hit followed by capital goods, oil gas, metal and technology as investors and traders reacted with dismay and resorted to heavy sell-off. Contrary to the market's expectations, the Reserve Bank of India today raised the short-term policy repo rate to 7.5 per cent from 7.25 per cent, citing high inflation. However, it rolled back some of the measures it had implemented to support the battered rupee recently. The CRR was kept unchanged at 4 per cent. Retail inflation was at 9.52 per cent last month, while wholesale price inflation rose to a six-month high of 6.1 per cent in August, driven by costlier food items. Trading began on a cautious note, a day after the stunning rally. The Nifty had rallied 216 points yesterday buoyed by the US Federal Reserve's decision to keep its stimulus intact.
  • 18. After trading almost flat, market reacted sharply to the apex bank's decision to hike key interest rate as overall sentiment has been supported over recent week amid hopes of a rate cut to give a push to faltering growth. The key index plummeted below the psychological 6,000 mark briefly before recouping some lost ground after the RBI Governor RaghuramRajan comments at the customary press briefing. DLF, PNB, Bank of Baroda, Indusind Bank, Ranbaxy, JP Associates, L&T, ICICI Bank, Sesa Goa and Hindalco were among the biggest frontline index losers. Prominent gainers included Reliance Infra, Ultratech Cement, GAIL, HCL Tech, Ambuja Cement, Lupin, Asian Paints, BHEL, BPCL and Grasim. Turnover in the cash segment rose to Rs 18,303.13 crore from 18,129.68 crore yesterday. A total of 9,345.52 lakh shares changed hands in 78,90,038 trades. The market capitalisation WDM witnesses trade worth Rs 3,035.30 cr on NSE The Wholesale Debt Market (WDM) segment of the National Stock Exchange (NSE) today (23rd Seprember 2013) witnessed a total turnover of Rs 3,593.77 crore in 60 trades. Top securities (non-repo) traded at the WDM were: The 91-days Treasury bills (Issue No.211113) which traded at Rs 915 cr at weighted yield of 9.71%, the 7.28% Government securities maturing in CG2019 traded at Rs 400 cr at weighted yield of 9% and the 7.16% Government securities maturing in CG2023 traded at Rs 305 cr at weighted yield of 8.78%, the NSE release said.
  • 19. Some of the companies listed at NSE Aftek Andhra Bank Arvind Mills AurobindoPharma Bharat Forge Bharat Petroleum Britannia Industries Essar Group Firstsource GlaxoSmithKline Pharmaceuticals Ltd Glenmark Pharmaceuticals Greaves Cotton Gujarat Mineral Development Corporation Hindustan Copper Hindustan Petroleum Indian Oil Corporation Indraprastha Gas Jet Airways JSW Energy Jubilant FoodWorks Justdial Kirloskar Brothers Larsen & Toubro Liberty Shoes Lupin Limited Maruti Suzuki Mercator Limited National Stock Exchange of India Nilkamal Plastics NTPC Limited OnMobile Onward Technologies Oriental Bank of Commerce Pantaloon Retail India Reliance Industries Repro India Rolta India Ltd S. Kumars Salora International Shalimar Paints Shree Renuka Sugars Standard Chartered Strides Arcolab Supreme Industries Supreme Petrochem Talwalkars Thermax Titan Industries VIP Industries Zylogn Systems Copyright © 2014 Gagan Varshney All rights reserved with the authors. Commercial use of this presentation, or its any part, is prohibited.

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