JULY 2009 VOL. 7 NUMBER 07 · JULY SEBI BULLETIN 2009 II. TRENDS IN THE SECONDARY MARKET II.1 Cash Segment BSE Sensex closed at 14493.84 on June 30, 2009, S&P CNX Nifty closed at

JULY 2009 VOL. 7 NUMBER 07

EDITORIAL COMMITTEE

[email protected]

http://www.sebi.gov.in

[email protected]

lMr. Radhakrishnan Nair

lProf. G. Sethu

lMr. J. Ranganayakulu

lMr. Nagender Parakh

lDr. Anil Kumar Sharma

The Securities and Exchange Board of India Bulletin is issued by the

Department of Economic and Policy Analysis, Securities and

Exchange Board of India under the direction of an Editorial

Committee. SEBI is not responsible for accuracy of data/ information/

interpretations and opinions expressed in the case of signed

articles/speeches as authors are responsible for their personal views.

SEBI has no objection to the material published herein being

reproduced, provided an acknowledgement of the same is made. This

monthly Bulletin is normally published in the third week of the

succeeding month. The soft copy of SEBI Bulletin is available free of

cost to the subscribers/readers, who register at

along with their complete address. A readable version of SEBI

Bulletin is available at Any comments and

suggestions on any of the features/ sections may be sent to

.

Contents

Page

ARTICLE

lXXX

CAPITAL MARKET REVIEW

PRESS RELEASES

lGeneral

1. Shri C B Bhave elected Chairman, Asia- Pacific Regional Committee, IOSCO2. Simplified Listing Agreement for Indian Depository Receipts 3. Scheme for the introduction of Exchange Traded Interest Rate Futures4. SEBI Board Meeting5. Re-allocation of limits to FIIs / Sub-accounts for investment in Government Debt

lOrders

6. Order in the matter of Non-compliance of SEBI Order Dated April 23, 2009 in the matter of Pyramid Saimira Theatre Ltd., by Anugrah Stock & Broking Pvt. Ltd., Member, BSE and NSE

7. Order against M/s. Hacienda Investments Pvt. Ltd. in the matter of Shirpur Gold Refinery Ltd.8. Order against M/s. Ballabh Dass Daga, Member, CSE9. Order against M/s. S. K. Jhunjhunwala, Member, CSE10. Order in the matter of M/s. Indiabulls Securities Ltd.11. Order in the matter of Reliance Mutual Fund and Reliance Capital Asset Management Ltd. 12. Interim Order against 26 entities in the matter of repeated dealings by connected clients13. Order against Mr. Atin Das, Mrs. Bani Das, Mr. Sudhir Ranjan Das and Mrs. Biva Rani Das14. Order in the matter of RTS Power Corporation Ltd.15. Order against M/s. Sanjay Capital Services Pvt. Ltd., Member, DSE16. Order in the matter of Vikas Granaries Ltd. (formerly known as Adarsh Derivatives Ltd.)17. SEBI rejects the exemption request of M/s Futuristics Garments Private Ltd. (acquirer) for the

proposed acquisition of voting rights in M/s. Surya Pharmaceuticals Ltd. (target company) 18. Order against Karuna Cables Ltd., Mr. Mahendra C. Shah, Ceetee Trading and Leasing Private Ltd.,

Mr. Sanjay B. Shah in the matter of Karuna Cables Ltd.19. Order in the matter of Karuna Cables Ltd.20. Order in the matter of Jermyn Capital LLC21. Order in the matter of Pyramid Saimira Theatre Ltd.22. Order against M/s. Prakash Nahata & Co., Member, CSE23. Order in the matter of Mr. Jayakant K. Diwan 24. Order against M/s. Neelam Bhatia & Co., Member, Ludhiana Stock Exchange Ltd.25. Order against M/s. Rashmi Gem Stocks and Shares Pvt. Ltd., Member, BgSE26. Order against M/s. Jagdambay Share Brokers, Sub-broker

lConsent Orders27. Consent Order on the application of M/s. Pawankumar Parmeshwarlal in the matter of

M/s. V. B. Desai Financial Services Ltd.

524

535

535535

535

536538

538

538

540540540540540541543

543543543543

544

544544544545545545545

546

546546

535

28. Consent Order on the application submitted by Rajesh Jhaveri Stock Brokers Pvt. Ltd. in the matter of irregularities relating to IPOs

29. Consent Order in the matter of M/s. B.R. Jalan Securities Private Ltd.30. Consent Orders for Shri Ashok Bharadia and Shri Yash Golecha in the matter of Mazda Fabrics and

Processors Ltd.31. Consent Order for Nirmal Bang Securities Pvt. Ltd. in the matter of Sun Infoways Ltd.32. Consent Order in the matter of Universal Print Systems Ltd.33. Consent Order for Shri Nrupesh C Shah in the matter of Oasis Media Matrix Ltd.34. Consent Order in the case of Shri Satish R. Shah in the matter of M/s. Sawaca Communication Ltd.35. Consent Order in the matter of M/s. Shivalik Rasayan Ltd.36. Consent Order in the case of Rajesh Jhaveri Stock Brokers Pvt. Ltd. in the matter of Monalisa

Infotech Ltd.37. Consent Order on the application submitted by Ketan Shah & Co., Member, VSE38. Consent Order on the application submitted by Rajesh P. Shah in the matter of Kosian

Industries Ltd.39. Consent Order in the matter of M/s. Fusion Fittings (I) Ltd.40. Consent Order in the matter of M/s. English India Clays Ltd.41. Consent Order in the matter of M/s. Greaves Cotton Ltd.

CIRCULARS

1. Guidelines for Investment by Mutual Funds in Indian Depository Receipts (IDRs) and copies of gazette notifications dated April 8, 2009 and June 5, 2009

2. Submission of Monthly Report3. Valuation of debt securities by Mutual Funds4. Guidelines for Investment by Mutual Funds in Money Market Instruments 5. Model Listing Agreement for listing of Indian Depository Receipts (IDRs) issued by issuing

companies whose securities market regulators are signatories to the Multilateral Memorandum of Understanding (MMoU) of International Organization of Securities Commissions (IOSCO).

6. Maintenance of Clients' Funds in a separate Bank Account by Portfolio Managers7. Clarification on applicability of SEBI Regulations/ Circulars on Initial and Continuous Disclosures

for Convertible and Non-Convertible Debt8. Establishment of Connectivity with both depositories NSDL and CDSL – Companies eligible for

shifting from Trade for Trade Settlement (TFTS) to normal Rolling Settlement 9. Mutual Funds- Empowering investors through transparency in payment of commission and load

structure

HIGHLIGHTS OF DEVELOPMENTS IN INTERNATIONAL SECURITIES MARKETS

ANNEXURES & STATISTICAL TABLES

PUBLICATIONS

546

547547

547547548548548548

549549

549550550

551

551

551551

552553

553554

555

555

610

561

557

CAPITAL MARKET REVIEW

524

JULY SEBI BULLETIN 2009

I. Trends in Primary Market

During June 2009, there were 2 public issues which Rs. 1,592.97 crore and 2 rights issue which

mobilised Rs. 307.66 crore and 2 rights issues mobilised Rs. 438.09 crore during 2008-09 (April –

which mobilised Rs. 20.19 crore in the primary June).

market. There was one Initial Public Offering A sum of Rs. 704.91 crore was mobilised by 2 QIPs (IPO) which mobilised Rs. 277.96 crore and one in June 2009, whereas, there was no QIP during the Follow-on Public Offering (FPO) which mobilised same period in the previous year. Rs. 29.70 crore. During June 2008, there were 8

29 preferential allotments (Rs. 789.75 crore) were public issues (all IPOs) which mobilised

listed at BSE and 6 preferential allotments Rs. 1,271.81 crore and one rights issue which

(Rs. 442.03 crore) were listed at NSE in June 2009. mobilised Rs. 13.20 crore.

During 2009-10 (April – June), 77 preferential During 2009-10 (April – June), there were 2 public allotments with issue value of Rs. 3,085.24 crore issues which mobilised Rs. 307.66 crore and 3 were listed at BSE and 16 preferential allotments rights issues which mobilised Rs. 29.15 crore as with issue value of Rs. 2,372.37 crore were listed at against 13 public issues which mobilised NSE (Table 1).

1Table 1: Funds Mobilised in the Primary Market

1 Differences in total are due to rounding off and sometimes they may not exactly add up to the last digit.

(Amount in Rs. crore)

June-09 June-08 2009-10 (April - June)

2008-09 (April - June)

% Change Particulars

No. of Issues

Amount No. of Issues



Amount Column 6 over

column 8

Column 7 over

column 9

1 2 3 4 5 6 7 8 9 10 11

a) Public Issues 2 307.66 8 1,271.81 2 307.66 13 1,592.97 -84.62 -80.69

i) IPOs 1 277.96 8 1,271.81 1 277.96 13 1,592.97 -92.31 -82.55

ii) FPOs 1 29.70 0 0 1 30 0 0.00 - -

b) Rights Issues 2 20.19 1 13.20 3 29.15 2 438.09 50.00 -93.35

c) QIP 2 704.91 0 0.00 4 4,982.51 0 0.00 - -

Total (a+b+c) 6 1,032.76 9 1,285.01 9 5,319.32 15 2,031.06 -40.00 161.90

d) Preferential Allotment*

BSE 29 789.75 N.A N.A 77 3,085.24 N.A N.A - -

NSE

6

442.03

N.A

N.A

16

2,372.37

N.A

N.A

-

-

Note:Data on QIP and Preferential Allotment are obtained from BSE and NSE.*Preferential issues are classified according to the month in which they are listed. Preferential issues may include common issues reported to both the exchanges.N.A: Not Available

525

During June 2009, a total of Rs. 23,345.66 crore crore was mobilised through 208 issues of private

was mobilised through 80 debt issues by the placement of corporate debt as compared to

corporate sector by way of private placement. Of Rs. 26,326.17 crore mobilised through 265 issues

the total, Rs. 6,731.03 crore was reported to BSE during the same period in the previous year

and Rs. 16,614.63 crore to NSE. During 2009-10 (Table 2).

(April – June), a total amount of Rs. 52,480.26


I.2 Mutual Funds

During June 2009, investors redeemed a total of Rs. 38,437.31 crore mobilised during 2008-09

Rs. 83,936.68 crore from mutual funds of which (April – June).

Rs. 23,870.29 crore was redeemed from public The market value of asset under management was sector mutual funds and Rs. 60,066.39 crore was higher by 11.65% to Rs. 5,82,678.63 crore as on redeemed from private sector mutual funds. June 30, 2009 as compared to Rs. 5,21,898.53 crore

During 2009-10 (April – June), mutual funds as on June 30, 2008 (Table 3).

mobilised Rs. 1,00,403.20 crore as against

I.1 Private Placement of Corporate Debt

As per SEBI Guidelines, corporates are required to through private placements during June 2009 were

report to the stock exchanges, funds raised through reported to NSE and BSE, the details of which are

private placement of debt issues. Funds raised given below:

Table 2: Private Placement of Corporate Debt reported to BSE and NSE

BSE NSE Total

Amount Amount Amount

Month/Year

No. of Issues (Rs. crore)



1 2 3 4 5 6 7

April-09 3 2,059.13 32 13,836.07 66 15,895.20

(15) (540.10) (74) (7,888.02) (89) (8,428.12)

May-09 18 2,143.50 44 11,095.90 62 13,239.40

(31) (2,255.45) (31) (6,271.49) (62) (8,526.94)

June-09 34 6,731.03 46 16,614.63 80 23,345.66

(65) (2,789.31) (49) (6,581.80) (114) (9,371.11)

86 10,933.66 122 41,546.60 208 52,480.262009-10 (April-June)

(111) (5,584.86) (154) (20,741.31) (265) (26,326.17)

Note: Figures in parentheses relate to the respective period in previous year.Source: BSE, NSE

526


II. TRENDS IN THE SECONDARY MARKET

II.1 Cash Segment

BSE Sensex closed at 14493.84 on June 30, 2009, S&P CNX Nifty closed at 4291.10 on June 30, 2009, as against 4448.95 on May 29, 2009, as against 14625.25 on May 29, 2009, registering a registering a fall of 157.85 points (3.55%). In terms fall of 131.41 points (0.90%). In terms of closing of closing value, Nifty recorded a high of 4655.25

value, Sensex recorded a high of 15466.81 on June on June 10, 2009 and a low of 4235.25 on June 22, 10, 2009 and a low of 14265.53 on June 18, 2009. 2009 (Chart 1).

Table 3: Net Resource Mobilisation by Mutual Funds

Chart 1: Movement of BSE Sensex and S&P CNX Nifty

9000.00

10000.00

11000.00

12000.00

13000.00

14000.00

15000.00

16000.00

Ap

r-0

9

Ma

y-0

9

Jun

-09

BS

ES

en

se

x

2700

3100

3500

3900

4300

4700

5100

S&

PC

NX

Nif

ty

BSE Sensex S&P CNX Nifty

2

-23,870.29 14,173.16 -60,066.39 81,456.33 -26,628.57 24,264.15

-83,936.68 1,00,403.20 -39,232.89 38,437.31

5,82,678.63 -

5,21,898.53 -

Category

1

(i) Public Sector (ii) Private Sector

Total (i + ii)

Cumulative Assets Under Management

June -09

2009

June)

3 4 5

18,946.87 -12,604.32

June2009-10 2008

(April – June) 2008 (April –

527

The market capitalisation of BSE was down by 1,59,194.72 crore in June 2009. The monthly

2.37% from Rs. 48,65,044.91 crore as on May 29, turnover of NSE too increased by 26.10% from Rs.

2009 to Rs. 47,49,934.04 crore as on June 30, 2009. 3,82,560.99 crore in May 2009 to Rs. 4,82,413.57

The market capitalisation of NSE too was down by crore in June 2009.

2.89% from Rs. 45,64,572.18 crore as on May 29, The P/E ratio of BSE Sensex was 19.02 as on June 2009 to Rs. 44,32,595.50 crore as on June 29, 2009. 30, 2009 against 19.87 as on May 29, 2009. The P/E

The monthly turnover of BSE increased by 23.85% ratio of S&P CNX Nifty was 19.97 as on June 30,

from Rs. 1,28,541.70 crore in May 2009 to Rs. 2009 against 20.82 as on May 29, 2009 (Table 4).


Table 4: Major Indicators of Stock Market

Percentage change over the previous month

2006-07 2007-08 2008-09 May-09 Jun-09

(col. 6 over col.5)

1 2 3 4 5 6 7

A. Indices* BSE Sensex 13072 15644.44 9708.50 14625.25 14493.84 -0.90S&P CNX Nifty 3822 4734.50 3020.95 4448.95 4291.10 -3.55S&P CNX 500 3145 3825.85 2294.85 3579.90 3469.70 -3.08B. Market Capitalisation* (Rs. crore) BSE 35,45,041 51,38,014.13 30,86,075.17 48,65,044.91 47,49,934.04 -2.37NSE 33,67,350 48,58,121.72 28,96,194.22 45,64,572.18 44,32,595.50 -2.89C. Gross Turnover (Rs. crore) BSE 9,56,186 15,78,855.29 11,00,073.70 1,28,541.70 1,59,194.72 23.85NSE 19,45,285 35,51,038.00 27,52,022.98 3,82,560.99 4,82,413.57 26.10D. P/E ratio* BSE Sensex 20.33 20.11 13.65 19.87 19.02 -4.28BSE 100 index 17.64 19.95 15.30 23.51 21.02 -10.59S&P CNX Nifty 18.4 20.63 14.30 20.82 19.97 -4.08

* As on the last trading day of respective year / month.Source: BSE and NSE

528


II.2 Sectoral Indices

Table 5: Percentage change in Sectoral and other Indices in BSE and NSE(Per cent)

Change in BSE Indices Change in NSE Indices

Index Over May 29, 2009

Over March 31, 2009

Index Over May 29, 2009

Over March 31, 2009

1 2 3 4 5 6 BSE Sensex -0.90 49.29 S&P CNX Nifty -3.55 42.04 BSE 100 -0.64 53.19 CNX Nifty Junior 4.29 79.75

BSE 200 -0.32 54.95 S&P CNX 500 -3.08 51.20 BSE 500 -0.51 55.87 CNX Mid-cap 1.38 59.28 BSE Small Cap -4.12 76.80 CNX 100 -2.43 46.89 BSE FMCG 7.92 11.12 S&P CNX Defty -5.01 50.54 BSE Consumer Durables 7.26 82.01 CNX IT 9.09 50.85 BSE Capital Goods 7.35 97.92 Bank Nifty -1.04 77.56 BSE Bankex -0.57 82.84 Nifty Mid-cap 50 1.31 76.84 BSE Teck 3.31 40.97 BSE Oil & Gas -9.88 33.14 BSE Metal -0.44 86.90 BSE Auto -1.13 48.89 BSE PSU -5.99 51.48 BSE Healthcare 3.37 25.50

Source: BSE, NSE

529

During June 2009, Foreign Institutional Investors June), FIIs invested a total of Rs. 31,302.6 crore of

(FIIs) invested a total of Rs. 4,898.3 crore of which which Rs. 30,455.4 crore was invested in equity

Rs. 3,830 crore was invested in equity and Rs. and Rs. 847.2 crore in debt. (Table 7).

1,068.3 crore in debt. During 2009-10 (April-


During June 2009, mutual funds invested a total of mutual funds has been Rs. 50,699.20 crore, of

Rs. 11,578.80 crore, of which Rs. 839.30 crore was which Rs. 3,169.20 crore was invested in equity

invested in equity and Rs. 10,739.50 crore in debt. and Rs. 47,530 crore was invested in debt (Table 6).

During 2009-10 (April-June), total investment by

II.3 Institutional Investment

Table 6: Investment by Mutual Funds(Amount in Rs. crore)

Year/Month Equity Debt Total Asset under Management

1 2 3 4 5

2005-06 14,303 36,801 51,104 2,31,862

2006-07 9,062 52,543 61,605 3,26,292.13

2007-08 16,306 73,790 90,096 5,05,152.44

2008-09 6,984 81,803 88,786 4,17,299.68

2009-10 (April-June) 3,169 47,530 50,699 5,82,678.63 Apr-09 38 26,422 26,461 5,93,516.37

May-09 2,291 10,368 12,659 6,64,450.02 Jun-09 839 10,739 11,578 5,82,678.63

Table 7: Investment by FIIs

Year/Month Equity Debt Total Net Investment

(Rs. crore) (Rs. crore) (Rs. crore) (US$ million) 1 2 3 4 5

2005-06 48,801 -7,334 41,467 9,363

2006-07 25,237 5,607 30,841 6,821

2007-08 53,403 12,776 66,179 16,442

2008-09 -47,706 1,895 -45,811 -9,837

2009-10 (April-June) 30,455.4 847.2 31,302.6 6,426.7

Apr-09 6,508.2 2,490.3 8,998.5 1,790.5

May-09 20,117.2 -2,711.4 17,405.8 3,577.3

Jun-09 3,830.0 1,068.3 4,898.3 1,058.9

Note: Based on reports submitted to SEBI by custodians on May 29, 209 and constitutes trades conducted by FIIs on and up to previous trading day.

530


Table 8: Percentage change in major International Indices

II.4 International Markets

Index As on May 29, 2009 As on June 30, 2009 Change over the previous month

(Per cent)

1 2 3 4

Developed Markets Australia AS 30 3813.30 3947.80 3.53 France CAC 3277.65 3140.44 -4.19 Germany DAX 4940.82 4808.64 -2.68 Hong Kong HSI 18171.00 18378.73 1.14 Japan NIKKEI 9522.50 9958.44 4.58 Singapore STI 2329.08 2333.14 0.17 UK FTSE 100 4417.94 4249.21 -3.82 USA DOW JONES 8500.33 8447.00 -0.63 USA NASDAQ Composite 1774.33 1835.04 3.42

Emerging Markets India BSE Sensex India S&P CNX Nifty

14625.25 4448.95

14493.84 4291.10

-0.90 -3.55

Brazil IBOV 53197.73 51465.46 -3.26 Chile IPSA 3100.42 3090.50 -0.32 China SHCOMP 2632.93 2959.36 12.40 Colombia IGBC 9262.72 9879.73 6.66

Egypt HERMES 544.06 529.03 -2.76 Hungary BUX 14937.00 15320.14 2.57 Indonesia JCI 1916.83 2026.78 5.74 Malaysia KLCI 1044.11 1075.24 2.98 Mexico MEXBOL 24331.71 24368.38 0.15 Pakistan KSE 30 7862.85 7571.08 -3.71 Russia CRTX 1736.71 1466.75 -15.54

S. Korea KOSPI 1395.89 1390.07 -0.42 South Africa JALSH 22770.62 22049.42 -3.17 Taiwan TWSE 6890.44 6432.16 -6.65 Thailand SET 560.41 597.48 6.61 Turkey XU 100 35002.99 36949.20 5.56

Source: Bloomberg Financial Services, BSE and NSE

531


Table 9: P/E Ratios of major International Indices

Index 2006-07 2007-08 2008-09 May-09 Jun-09

1 2 3 4 5 6

Developed Markets Australia AS 30 17.80 13.63 22.05 29.93 32.52

France CAC 15.00 11.38 9.21 11.61 11.13

Germany DAX 14.60 11.22 15.88 25.58 26.71 Hong Kong HSI 15.60 13.32 11.94 16.29 16.44 Japan NKY 37.40 14.23 12.18 N.A N.A

Singapore STI 14.00 10.77 8.18 12.30 12.24 UK FTSE 100 16.80 11.50 17.36 29.33 33.75 USA DOW JONES 17.10 15.65 14.13 21.01 11.16 USA NASDAQ Comp. 34.60 33.74 21.34 27.17 28.12

Emerging Markets India BSE Sensex 20.33 20.11 13.65 19.87 19.02

India S&P CNX Nifty 18.40 20.63 14.30 20.82 19.97

Argentina IBG 19.50 2.58 1.75 N.A N.A Brazil IBOV 12.40 14.10 12.03 22.26 20.78

Chile IPSA 21.30 19.35 12.98 17.11 16.61

China SHCOMP 40.50 28.07 19.65 26.56 29.88

Colombia IGBC 12.20 21.67 11.60 11.80 12.59

Egypt HERMES 18.10 15.17 5.92 13.35 12.99

Hungary BUX 9.40 10.36 4.77 7.87 9.66

Indonesia JCI 21.40 17.12 8.57 24.72 26.17

Malaysia KLCI 17.50 13.65 12.18 18.02 18.55

Mexico MEXBOL 16.70 13.93 12.50 15.81 15.85

Pakistan KSE 30 11.60 13.94 4.91 7.24 6.95

Russia CRTX 12.00 10.57 3.41 6.90 5.91

S. Korea KOSPI 13.00 14.23 17.15 30.06 30.32

South Africa JALSH 10.10 12.71 8.89 12.62 13.25

Taiwan TWSE 20.10 18.36 63.83 64.68 60.36

Thailand SET 11.50 16.61 11.09 19.77 20.80

Turkey XU100 12.30 8.36 6.44 16.52 17.38

Note: Figures are provisional Source: Bloomberg Financial Services, BSE and NSE

532


During June 2009, among BSE indices, the daily At NSE, daily volatility of Nifty Mid-cap 50 was

volatility of BSE Metal was 3.39%, followed by 2.55%, followed by CNX Nifty Junior (2.52%),

BSE Capital Goods (2.79%), BSE Consumer S&P CNX Defty (2.34%) and CNX Mid-cap

Durables (2.58%) and BSE Small-cap (2.42%). (2.13%) during June 2009 (Table 10).

II.5 Volatility

Table 10: Daily Volatility in Indian Indices*(Per cent)

Index Jun-09 2009-10 (April-June)

Index Jun-09 2009-10 (April-June)

1 2 3 4 5 6

BSE Sensex S&P CNX Nifty High 1.27 2.64 High 1.36 2.75 Low 1.78 2.48 Low 1.92 2.52 Close 1.75 2.91 Close 1.92 2.94

BSE 100 1.89 2.84 CNX Nifty Junior 2.52 2.93 BSE 200 1.93 2.80 S&P CNX 500 1.98 2.78 BSE 500 1.93 2.74 CNX Mid-cap 2.13 2.53 BSE Small-cap 2.42 2.82 CNX 100 1.98 2.90

BSE FMCG 1.76 1.99 S&P CNX Defty 2.34 3.44 BSE Consumer Durables 2.58 3.15 CNX IT 1.93 3.01

BSE Capital Goods 2.79 3.85 Bank Nifty 2.12 3.53

BSE Bankex 2.02 3.57 Nifty Mid-cap 50 2.55 3.15

BSE Teck 1.69 2.68

BSE Oil & Gas 2.27 3.21

BSE Metal 3.39 3.94

BSE Auto 1.70 2.39

BSE PSU 2.14 2.87

BSE Healthcare 1.51 1.86

* Daily Volatility is calculated as the standard deviation of logarithmic returns of index values for the particular period.Source: BSE, NSE

Table 11: Daily Volatility of major International Indices(Per cent)

Month

US

AD

ow

Jon

es

US

AN

AS

DA

QC

omp

.

UK

FT

SE

100

Hon

gK

on

gH

SI

Mal

aysi

aK

LC

I

S.K

ore

aK

OS

PI

Th

ail

an

dS

ET

Sin

gap

ore

ST

I

Ger

man

yD

AX

Fra

nce

CA

C

Ind

ones

iaJC

I

Ind

iaB

SE

Sen

sex

Ind

iaS

&P

CN

XN

ifty

1 2 3 4 5 6 7 8 9 10 11 12 13 14

Apr-09 1.68 1.97 1.78 2.77 1.15 1.81 1.19 2.03 2.08 1.97 2.02 2.12 2.18

May-09 1.55 1.72 1.27 2.20 0.82 1.38 2.01 2.40 1.60 1.46 1.95 4.20 4.15

Jun-09 1.14 1.37 1.25 1.95 0.91 1.40 1.94 1.43 1.77 1.61 2.01 1.75 1.92

Source: Bloomberg Financial Services, BSE and NSE

533


During June 2009, among the major international During the month, daily volatility of BSE Sensex

indices, the volatility of Indonesia JCI was 2.01%, was 1.75% and S&P CNX Nifty was of 1.92%

followed by Hong Kong HSI (1.95%) and Thailand (Table 11).

SET (1.94%).

II.6 Derivatives Market

Table 12: Trends in Derivatives Market at NSE

Percentage change over previous month

Particulars 2006-07 2007-08 2008-09 May-09 Jun-09

(Col.6 over Col.5)

1 2 3 4 5 6 7

A. Turnover (Rs. crore)

(i) Index Futures 20,06,381 38,20,667.28 35,70,111.42 3,17,415.12 3,46,934.13 9.30 (ii) Options on Index

Put 3,93,693 6,93,294.63 17,28,957.47 1,94,993.15 2,50,132.55 28.28

Call 3,98,219 6,68,816.25 20,02,544.38 2,35,521.54 2,95,510.70 25.47 (iii) Stock Futures 32,00,941 75,48,563.16 34,79,642.01 4,48,154.75 5,89,657.48 31.57 (iv) Options on Stock Put 31,909 50,693.27 57,384.04 6,983.10 8,400.39 20.30 Call 1,61,902 3,08,443.28 1,71,842.82 24,184.76 41,345.15 70.96 Total 61,93,045 1,30,90,477.87 1,10,10,482.14 12,27,252.42 15,31,980.40 24.83

B. No. of Contracts

(i) Index Futures 5,81,02,968 15,65,98,579 21,04,28,103 1,66,17,516 1,62,07,959 -2.46 (ii) Options on Index Put 1,25,25,089 2,86,98,156 10,16,56,470 1,02,99,192 1,14,99,770 11.66 Call 1,26,32,349 2,66,67,882 11,04,31,974 1,11,96,349 1,26,89,872 13.34 (iii) Stock Futures 8,42,28,281 20,35,87,952 22,15,77,980 95,28,178 1,11,27,649 16.79 (iv) Options on Stock Put 8,89,018 14,57,918 35,33,002 1,59,269 1,64,411 3.23 Call 43,94,292 80,02,713 97,62,968 4,85,011 7,18,536 48.15 Total 17,27,71,997 42,50,13,200 65,73,90,497 4,82,85,515 5,24,08,197 8.54 C. Open Interest at the end of No. of Contracts 1,49,50,592 22,82,671 32,27,759 23,05,330 25,27,295 9.63 Notional Turnover (Rs. crore) 469,206.05

48,899.61

57,705.09

64,822.72

58,986.83

-9.00

Source: NSE

The monthly turnover of index futures increased by turnover of put options on index increased by

9.30% from Rs. 3,17,415.12 crore in May 2009 to 28.28% from Rs. 1,94,993.15 crore to Rs.

Rs. 3,46,934.13 crore in June 2009. During the 2,50,132.55 crore and the monthly turnover of call

same period, the monthly turnover of stock futures options on index also increased by 25.47% from

also increased by 31.57% from Rs. 4,48,154.75 Rs. 2,35,521.54 crore to Rs. 2,95,510.70 crore. The

crore to Rs. 5,89,657.48 crore. The monthly monthly turnover of put options on stocks

534


During June 2009, the monthly turnover for the

currency futures was Rs. 75,363 crore at NSE and

Rs. 67,985 crore at MCX-SX (Table 13).

increased by 20.30% from Rs. 6,983.10 crore to The open interest decreased from Rs. 64,822.72

Rs. 8,400.39 crore and the monthly turnover of call crore in May 2009 to Rs. 58,986.83 crore in June

options on stocks increased by 70.96% from Rs. 2009 indicating a fall of 9% (Table 12).

24,184.76 crore to Rs. 41,345.15 crore.

Table 13: Trends in Currency Futures Market

Source: BSE, NSE and MCX-SX

BSE NSE MCX-SX

Month/ Year

No. of Contracts

Traded Value

(Rs. Cr)

Open Interest at the end of (Rs. Cr)

No. of Contracts

Traded Value

(Rs. Cr)

Open Interest at the end of (Rs. Cr)

No. of Contracts

Traded Value

(Rs. Cr)

Open Interest at the end of

(Rs. Cr)

2008-09 (Aug-Mar)

1,82,469 868.76 0 3,27,38,566 1,62,563 1,312.98 2,98,47,569 1,48,826 989.82

2009-10 (Apr-Jun)

8 0.04 0 3,72,58,477 1,81,180 1,285.14 3,37,98,766 1,64,312 931.47

Apr-09 2 0.01 0 78,51,502 39,386 1,038.65 75,47,128 37,858 532.43

May-09 6 0.03 0 1,36,82,468 66,431 1,504.31 1,20,53,551 58,469 986.79

Jun-09 0 0.00 0 1,57,24,507 75,363 1,285.14 1,41,98,087 67,985 931.47

535

PRESS RELEASES

·General

1. Shri C B Bhave elected Chairman, Asia-

Pacific Regional Committee, IOSCO

2. Simplified Listing Agreement for Indian 3. Scheme for the introduction of Exchange Depository Receipts Traded Interest Rate Futures

dated 3-4-2006, notified the Indian Depository

Receipts (IDR) Model Listing Agreement. In order

to reduce the additional regulatory or cost burden to

the issuers, it has been decided to simplify the Shri C B Bhave, Chairman, SEBI has been elected

listing requirements applicable to the issuers from Chairman of the Asia- Pacific Regional Committee

the countries which are the signatories of of the International Organisation of Securities

Multilateral Memorandum of Understanding thCommissions (IOSCO) on June 9, 2009, at the 34 (MMoU) of International Organization of

Annual Conference of IOSCO held at Tel Aviv, Securities Commissions (IOSCO). Accordingly,

Israel.SEBI has drafted a model listing agreement for

The members of the Asia-Pacific Regional IDR issuers having its registered office situated in a Committee are Australia, Bangladesh, Brunei, country, the securities market regulator of which is People's Republic of China, Hong Kong, India, a signatory to MMoU of IOSCO. With respect to Indonesia, Japan, Korea, Kyrgyz Republic, most of the provisions especially Corporate Malaysia, Mongolia, New Zealand, Pakistan, Governance requirements and disclosure of Papua New Guinea, Philippines, Singapore, Sri periodical results, the issuer is allowed to follow Lanka, Chinese Taipei, Thailand and Vietnam. the home country requirements provided equitable

IOSCO is recognized as the international standard treatment is given to the IDR holders vis-à-vis

setter for securities markets. The Organization's holders of equity shares. For the issuing companies

wide membership regulates more than 90% of the from other jurisdictions, the existing model listing

world's securities markets and IOSCO is the agreement for IDRs shall continue to apply till

world's most important international cooperative further advice in this regard.

forum for securities regulatory agencies. IOSCO The full text of the circular and the simplified members regulate more than one hundred listing agreement is available on the SEBI website jurisdictions. www.sebi.gov.in .

Ref. : PR No.184/2009, dated June 9, 2009 Ref. : PR No.187/2009, dated June 16, 2009

SEBI, vide circular no. CFD/DIL/IDR/1/2006/3/4, The Report of the RBI-SEBI Standing Technical


Committee on Exchange Traded Interest Rate application and the balance 75% within 2 days

Futures is placed on the websites of Reserve Bank of the date of closure of the public issue. There

of India (RBI) and Securities and Exchange Board will be a lock-in of 30 days on the shares

of India (SEBI). The Report details the scheme for allotted to these investors from the date of

the introduction of Exchange Traded Interest Rate allotment. No person related to the

Futures (10-year Notional Coupon-bearing GoI promoter/promoter group/BRLMs can apply

security futures contract), jointly agreed upon by as anchor investor. This would bring more

RBI and SEBI. certainty to transactions..

Eligible exchanges desirous of offering Interest

Rate Futures (10-year Notional Coupon-bearing (iii) Holding period for shares offered for sale GoI security futures contract) may apply to SEBI

Under the current guidelines, a shareholder after fulfilling the conditions mentioned in the

can make an offer for sale of the equity shares Report.

if he has held them for a period of at least one Ref. : PR No. 191/2009, dated June 17, 2009 year. Board decided that in case equity shares

which are received on conversion of fully paid

compulsorily convertible securities, including

depository receipts are being offered for sale, The Board met on June 18, 2009 and took the

the holding period of such convertible following decisions:

securities as well as that of resultant equity (i) Listing of IPO on stock exchange with

shares together would be taken into account nationwide trading terminals

for the purpose of eligibility. An unlisted company making an IPO shall list

the securities on at least one stock exchange (iv) Issue of shares with superior voting rights

having nationwide trading terminals. This No listed company can issue shares with would provide a liquid trading platform to superior voting rights. This will avoid the investors in securities of the company.possible misuse by the persons in control to

the detriment of public shareholders.(ii) 'Anchor Investor' in public issues

An issuer making a public issue of shares (v) Rationalisation of disclosure norms for

through book building may allocate on a rights issues

discretionary basis up to 30% of the QIB Since rights issues are made to existing portion of the issue to anchor investors (AIs), shareholders, who are in possession of basic who is a QIB. The minimum size of information about the company and have been application by AIs would be Rs. 10 crore. rece iv ing repor ts regarding major They would bring in a margin of 25% on

4. SEBI Board Meeting

536


developments in the company on a continuous

basis, it has been decided to rationalize

disclosures in rights issue offer document by

doing away with or modifying existing

disclosure requirements. Disclosures that

have been done away with include summary

of the industry and business of the issuer

company, promise vs. performance with

respect to earlier/ previous issues,

'Management discussion and analysis'. The

disclosures relating to financial statements,

litigations, risk factors, etc. have been

simplified. The revised set of disclosures

would make the process of rights issues faster

for companies and also reduce the overall cost

of such issuances.

(vi) Transparency in payment of commission to

Mutual Fund distributors

There shall be no entry load for the schemes,

existing or new, of a Mutual Fund. The

upfront commission to distributors shall be

paid by the investor to the distributor directly.

The distributors shall disclose the

commission, trail or otherwise, received by

them for different schemes/ mutual funds

which they are distributing or advising the

investors.

(vii)Rationalisation of fee

The Board decided to rationalize the fees in

the following manner:

Ref. : PR No.192/2009, dated June 18, 2009

537


Sl. No.

Particulars Existing Fees Revised Fees

1. Brokers All Sale and

purchase trans-actions in securities other than Debt Securities

All sale and purchase transactions in Debt Securities

Rs.20/- per Rs. 1 crore of turnover



Rs.2.50/- per Rs. 1 crore of turnover

2. Derivative Segment (including Derivatives –

Currency Segment)

Trading Member



3. Mutual Funds

Filing Fee for offer document

0.005 percent of the amount raised in the new fund offer, subject to a minimum of rupees one lakh and a maximum

of rupees fifty lakh.

0.0020 percent of the amount raised in the new fund offer, subject to a minimum of rupees one lakh and a maximum of rupees fifty lakh.

4. Foreign Institutional Investors

Registration Fee (3 years)

US$10,000.00

US$5,000.00

5. Sub-account of Foreign Institutional InvestorsRegistration Fee (3 years)

US$2,000.00 US$1,000.00

538

5. Re-allocation of limits to FIIs / Sub-

accounts for investment in Government Debt

Orders

6. Order in the matter of Non-compliance of

SEBI Order Dated April 23, 2009 in the matter

of Pyramid Saimira Theatre Ltd., by Anugrah

Stock & Broking Pvt. Ltd., Member, BSE and

NSE

SEBI's ex-parte ad-interim Order dated April 23,

2009 in the matter of Pyramid Saimira Theatre Ltd.

of restraint imposed on him. As per SEBI PR No.161/2009 dated May 15, 2009

the remaining limit for investment in Government What has transpired is that the act of the broker has

debt were to be allocated to the FIIs/ sub-accounts led to the breach of SEBI Order dated April 23,

on a 'first come first served' basis in terms of our 2009 in the matter of M/s. Pyramid Saimira Theatre

Circular dated January 31, 2008, subject to a Ltd., the investigation of which had prima facie

ceiling of Rs.249 cr. per entity. unearthed evidence of money laundering

operations and its nexus to the stock market. The The list of entities and the allocated limits are investigation in the matter of Pyramid Saimira placed in Annexure.Theatre Ltd. (PSTL), prima facie has revealed a

In terms of SEBI circular dated November 06, widely distributed network of entities that had

2008, time period for utilization of these allocated joined hands in breaching market integrity. The

limits shall be 11 working days i.e. by July 10, investigation in that case was atypical in that the

2009.discovery of this network brings more sharply into

Ref. : PR No.202/2009, dated June 25, 2009light the fragility of the market system, and the

risks of it being derailed by a few hundred entities

colluding for this purpose.

It is seen that in the normal circumstances the

account of the restrained person should have been

closed by the broker from April 24, 2009. But the

broker actually closed the account of the said

debarred client only after the receipt of BSE's letter

on May 11, 2009. Again the broker has himself

admitted that the first level of check (Client Level) Anugrah Stock & Broking Pvt. Ltd., Member, BSE

was removed negligently on May 20, 2009. and NSE, vide Order dated May 22, 2009 has been

Further, the broker has also admitted that the prohibited from buying, selling or dealing in

second level of check (Scrip wise Level) was securities in any manner whatsoever with

removed negligently on May 21, 2009 and the trade immediate effect until further orders, since the

executed. The broker has stated that the Account broker prima facie, did not exercise due skill, care

was again closed on May 21, 2009 in the evening and diligence while executing trades as required in

post market hours after realizing the error. terms of clause A(2) of Schedule II of Code of

The broker had imposed two levels of security. Conduct for Stock Brokers under SEBI (Stock After a sequence of queries to the surveillance Broker and Sub-brokers) Regulations, 1992 and department from the dealer, these restrictions were aided and abetted a restrained person to violate


539

withdrawn. This invites the inference that the India, is hereby appointed in terms of Section

broker (or one of its employees) could have 11 (2) (i) of the Securities and Exchange

colluded willingly with the restrained client. But, Board of India Act, 1992 to examine the

it would be difficult at this stage to come to a following and report on:

conclusion with any degree of certainty. A further i. the compliance of Anugrah Stock & Broking

detailed enquiry is necessary to verify, if in fact Private Ltd. with what has been asserted by it

there was any such collusion. It was further also in its submissions and the affidavit,

observed that that the documents supporting the

proof of his permanent/ registered office address ii. the adequacy of the Risk Management System and his correspondence address provided by the in the trading and surveillance infrastructure said restrained client to the broker did not belong to established by Anugrah Stock & Broking him, thus, defeating the very purpose of Know Private Ltd. and Your Client policy of ensuring that only legitimate

iii. the possibility of collusion between Anugrah and bonafide clients are accepted.Stock & Broking Private Ltd. and Mr. Banty

It prima facie appears that the processes at the Dinesh Shah in assisting the latter to violate

broker's Risk Management level were so lax and the ad interim order dated April 23, 2009,

casual that almost everybody and anybody in the based on the assessment of the system level

Risk Management Department could possibly checks in place.

tinker with the system. There has been a serious

breach of the Regulations and the Codes applicable b) Shri Suresh B. Menon shall submit a Report to the Broker, which has resulted in a restrained on (a) (i) above within two days from the date entity in violating the order of restraint imposed by of this order. SEBI and selling his entire holdings. There prima

c) The Report on items (a) (ii) and (iii) shall be facie also appears to be gaps between the broker's submitted within two months from the date of version and the statement given to SEBI by its this order. dealer. The overwhelming evidence indicates that

the broker failure of the risk management system d) In doing so, Shri Suresh Menon may use the

went far beyond the conduct that can be assistance of the officers of Securities and

characterized as negligent, inadvertent or Exchange Board of India, as he may deem fit.

accidental behaviour.

e) The plea made by the stock broker to revoke In view of the above, Whole Time Member, Dr. the ad interim order restraining him from K.M. Abraham, vide order dated June 1, 2009, has further activities shall be considered issued the following directions:immediately on receipt of the Report as

a) Shri Suresh B. Menon, Chief General ordered in (b) above.

Manager, Securities and Exchange Board of Ref. : PR No.173/2009, dated June 01, 2009


7. Order against M/s. Hacienda Investments

Pvt. Ltd. in the matter of Shirpur Gold Refinery

Ltd.

10. Order in the matter of M/s. Indiabulls

Securities Ltd.

8. Order against M/s. Ballabh Dass Daga,

Member, CSE

11. Order in the matter of Reliance Mutual

Fund and Reliance Capital Asset Management

Ltd.

9. Order against M/s. S. K. Jhunjhunwala,

Member, CSE

Akshay Fiscal Services Ltd. and directing the

broker to strictly abide by laws, rules and

regulations that govern dealings in the securities

market.Dr. K. M. Abraham, Whole Time Member, SEBI,

has passed an order dated May 29, 2009, in the Ref. : PR No.178/2009, dated June 03, 2009

matter of Shirpur Gold Refinery Ltd., cancelling

the certificate of registration of the sub-broker M/s.

Hacienda Investments Pvt. Ltd., with SEBI

Registration No. INS010672033 and Permanent Dr. K.M.Abraham, Whole Time Member, SEBI

Account Number AAACH1090A.vide order dated May 29, 2009, has warned and

The order shall come into effect on expiry of 21 directed M/s. Indiabulls Securities Ltd., Member,

days from the date of the order. BSE & NSE and Depository Participant of NSDL

Ref. : PR No.174/2009, dated June 02, 2009 & CDSL, to strictly abide by laws, rules and

regulations that govern dealings in the securities

market and accordingly, the enquiry proceedings

against the entity has been disposed of.

Ref. : PR No.179/2009, dated June 04, 2009Dr. K. M. Abraham, Whole Time Member, SEBI,

has passed an order dated May 29, 2009 imposing

a penalty of suspension of the certificate of

registration of M/s. Ballabh Dass Daga, Member,

Calcutta Stock Exchange Association Ltd., for a

period of two months in respect of its dealing in the Shri Prashant Saran, Whole Time Member, SEBI,

shares of M/s. Sharadraj Trade Finance Ltd.has passed an order dated June 03, 2009 with

The order shall come into force after expiry of 21 respect to non compliance of SEBI Circular No. days from the date of the order. SEBI/IMD/CIR No.12/118340/08 dated February

Ref. : PR No.177/2009, dated June 03, 2009 26, 2008 on 'Standard warning in Advertisements

by Mutual Funds' by Reliance Mutual Fund and

Reliance Capital Asset Management Ltd. in

connection with their New Fund Offer of 'Reliance

Infrastructure Fund'.Dr. K. M. Abraham, Whole Time Member, SEBI,

Reliance Mutual Fund and Reliance Capital Asset has passed an order dated May 28, 2009 against

Management Ltd. have been directed to forthwith M/s. S. K. Jhunjhunwala, Member, Calcutta Stock

withdraw the advertisement in its current form and Exchange Association Ltd., warning the broker for

re-issue the same, if it is so desired, strictly in its conduct while dealing in the shares of M/s.

540


compliance with the provisions of the said SEBI b) The connected clients had dealt amongst

circular. themselves on market i.e. they were buying

and selling shares amongst each other thereby Further, Reliance Mutual Fund and Reliance creating market trading volume. Capital Asset Management Ltd. have been asked to

show cause as to why they should not be restrained c) Some of the inter se trades of connected clients

from launching any new scheme for an appropriate were synchronized in nature.

period.

d) Further, connected clients were found to be Ref. : PR No.181/2009, dated June 04, 2009transferring shares amongst themselves

through off-market transactions. Thus, it

appears tha t they were execut ing

synchronized deals and off market deals Securities and Exchange Board of India (SEBI) in amongst themselves simultaneously. the course of its routine market surveillance,

e) In certain instances, it is seen that the delivery received information regarding the execution of obligations of one connected client was synchronized deals in certain scrips by entities fulfilled by off-market borrowing of shares namely, Maruti Securities Ltd. (MSL), Kundan from another connected client and Leasing and Finance Private Ltd. (KLFPL), subsequently the borrower bought back the Chandra Financial Services Private Ltd. (CFSPL), shares from the market and returned the same Jay Investrade Private Ltd. (JIPL) and HSM to the lender through off-market transfer. Financial Services Private Ltd. (HSM). The

information received by SEBI indicated that the The above acts of connected clients are prima facie

said entities had executed synchronized deals in of such nature that it had caused increased market

five scrips namely Cals Refineries Ltd. (Cals), traded volume and such increased traded volume

Confidence Petroleum India Ltd. (Confidence), would have induced other genuine investors to deal

Bang Overseas Ltd. (Bang), Shree Precoated Steels in securities. Thus, prima facie, the acts of

Ltd. (now known as Ajmera Realty & Infra India connected clients, are in violation of Section

Ltd.) (SPSL) and Temptation Foods Ltd. (TFL). 12A(c) of the Securities and Exchange Board of

India Act, 1992 read with Regulations 3(a) and 4(1) Examination of dealings by connected clients, of Securities and Exchange Board of India prima facie shows that:(Prohibition of Fraudulent and Unfair Trade

a) The connected clients had large trading Practices relating to Securities Market) concentration in terms of trading volume on Regulations, 2003. BSE in the scrips of Cals, Confidence, Bang,

SEBI observed that atleast five of the connected SPSL and TFL during the relevant period.

clients appear to be related to Mr. Shirish Maniar,

12. Interim Order against 26 entities in the

matter of repeated dealings by connected clients

541


542

who was implicated by CBI along with Mr. Ketan

Parekh in the Madhavpura Mercantile Co-

operative Bank case. Mr. Ketan Parekh along with

the companies belonging to him is already debarred

by SEBI from dealing in securities market.

Therefore, it appears that he has conveniently used

the connected clients at will as his front entities for

executing trades desired by him in the securities

market. This is possible because the connected

clients, so far, can trade without any restraint as

there is no debarment whatsoever by SEBI in their

dealing in the securities market, as is being faced by

Mr. Ketan Parekh and his group of companies.

Further, the flow of funds originating from Mr.

Ketan Parekh which were routed through the

connected clients, when juxtaposed with securities

market transactions of connected clients, as

brought out by the instant SEBI examinations,

leads to the possibility that the securities market

transactions of the connected clients were executed

as a part of a larger device for creating additional

layers to obfuscate the funds trail and also to

integrate the money originating from Mr. Ketan

Parekh into the banking system.

Dr. K.M.Abraham, Whole Time Member, SEBI

vide interim order dated June 4, 2009 has restrained

the following persons/entities from accessing the

securities market and further prohibited them from

buying, selling or dealing in securities market,

directly or indirectly, till further orders:



Sr. No.

Name of Entity/person Permanent

Account Number

1. Maruti Securities Ltd. AABCM3651M 2. Chandra Financial

Services Private Ltd.

AABCC5331Q or AABCL5331Q

3. HSM Financial Services Private Ltd.

AAACH9218G

4. Kundan Leasing and Finance Private Ltd.

AAACK7448R 5.

Jay Investrade Private Ltd.

AAACJ5150H

6.

Shanti Financial Services Private Ltd.

AAFCS2399G

7.

Acme Craft Private

Ltd.

AAECA8833C 8.

Eversight Tradecom Private Ltd.

AAACE7667E

9.

Beejay Investment & Financial Consultants Private Ltd.

AABCB0832B

10.

Alosha Vanijya Private Ltd.

AACCA5623N

11.

Stupendors Traders Private Ltd.

AADCS7524F

12.

Ms. Samata Jain

ACOPJ3258P

13.

Ms. Surabhi Jain

AINPJ9654Q

14.

Mr. Sudhir Jain

AEUPJ6167K

15.

Venture Business Advisors Private Ltd.

AAACV7487P

16.

Mr. Ravikant Chowdhary

AAEPR7102C

17.

Mr. Shyam Sundar Shah

BGCPS4475G

18.

Peanence Commercial Private Ltd.

AAACP3605P

19.

VSB Investment Private Ltd.

AABCV7492B

20.

Rakhi Trading Private Ltd.

AACCR6372B

21.

Chimming Trading Company Ltd.

AADCC1382M

22.

Mr. Ashok Kumar Jain

AAUPJ7016M

23.

Amar Packagings Private Ltd.

AAACA5760G

24.

Mr. Jay Shirish Maniar

AMKPM0946R

25.

Mr. Harsh Shirish Maniar

AABPM3940R or AAMPM3940R

26. Mr. Rajendra Kumar

AgarwalACKPA8794M


543

13. Order against Mr. Atin Das, Mrs. Bani Das,

Mr. Sudhir Ranjan Das and Mrs. Biva Rani Das

15. Order against M/s. Sanjay Capital Services

Pvt. Ltd., Member, DSE

16. Order in the matter of Vikas Granaries Ltd.

(formerly known as Adarsh Derivatives Ltd.)

14. Order in the matter of RTS Power

Corporation Ltd.

17. SEBI rejects the exemption request of

M/s Futuristics Garments Private Ltd.

(acquirer) for the proposed acquisition of voting

rights in M/s. Surya Pharmaceuticals Ltd.

(target company)

Ref. : PR No. 185/2009, dated June 10, 2009

Dr. K.M. Abraham, Whole Time Member, SEBI,

has passed order dated May 29, 2009 against Mr.

Atin Das, Mrs. Bani Das, Mr. Sudhir Ranjan Das Dr. K. M. Abraham, Whole Time Member, SEBI

and Mrs. Biva Rani Das disposing off the vide order dated May 29, 2009, has warned and

proceedings initiated against them pursuant to the directed M/s. Sanjay Capital Services Pvt. Ltd.,

ad-interim ex-parte order dated February 20, 2007. Member, Delhi Stock Exchange Ltd. (DSE), to

Mr. Atin Das, Mrs. Bani Das, Mr. Sudhir Ranjan strictly abide by laws, rules and regulations that Das and Mrs. Biva Rani Das have been directed not govern dealings in the securities market and to accept money from investors under the Monthly accordingly, the enquiry proceedings against the Income Scheme or by way of any other similar entity in the matter of Karishma Floriculture Ltd. schemes in contravention of the Regulations have been disposed of. framed under the Securities and Exchange Board of

Ref. : PR No.186/2009, dated June 10, 2009India Act, 1992 and/or any directions issued in this

regard, in the interest of investors and the securities

market. Further, Mr. Atin Das shall satisfy any

rightful claim that may arise in future, if any, from

any investor who had invested in the Monthly Dr. K.M. Abraham, Whole Time Member, SEBI,

Income Scheme employed by Mr. Atin Das for has passed an order dated June 16, 2009, in the

mobilizing funds from the public/investors. matter of Vikas Granaries Ltd. (formerly known as

Adarsh Derivatives Ltd.), disposing of the show Ref. : PR No.183/2009, dated June 08, 2009cause notice dated October 3, 2007 issued to Mr.

Megh Raj Jindal, Mr. B. D. Agarwal and Mr. R. C.

Jindal, without any directions.

Ref. : PR No.193/2009, dated June 19, 2009Dr. K. M. Abraham, Whole Time Member, SEBI

has passed an order dated June 05, 2009, in the

matter of RTS Power Corporation Ltd., prohibiting

Mr. Mukesh G Konde, Mr. Ashok Narayan Waje,

Mr. Nitesh Ashok Jadhav, Ms. Hetal Patel, Mr.

Rajesh Patel, Mr. Chetan Shah, Om Associates and

Bhavani Trading Company from accessing the

securities market and from buying, selling or Dr. K.M. Abraham, Whole Time Member, SEBI,

dealing in securities market, directly or indirectly, has passed an order dated June 16, 2009, not

till further orders. granting exemption to M/s. Futuristic Garments


544

Private Ltd. (acquirer) from the applicability of directions issued by Securities and Exchange

Regulation 11(1) of SEBI (Substantial Acquisition Board of India vide orders dated November 29,

of Shares and Takeover) Regulations, 1997, in 2005 and July 25, 2006 of prohibition on buying,

respect of their proposed increase in voting rights selling or dealing in the securities of Karuna Cables

from 35.15% to 51% pursuant to the target Ltd. against Mrs. Hasu M. Shah, Mr. Mit Shah, Mr.

company's proposed preferential allotment of zero Akshat Shah, Mr. Kirti C. Shah, Mr. Jaswant C.

coupon convertible share warrants optionally Shah, Mr. C.V.V. Prasad, Mr. N.S. Ranganath, Mr.

convertible into equity shares. Pavankumar Sanwarmal, N.G. Builders &

Developers, Mr. Narendrapal Gupta and Mrs. The application seeking exemption was forwarded Manju Gupta. The proceedings against Mr. Vijay by SEBI to the Takeover Panel. The Panel was not Bhagwandas Shah became infructuous owing to in favor of recommending the grant of exemption his demise. to the acquirers from making an open offer.

The order has come into force with immediate Ref. : PR No.195/2009, dated June 19, 2009effect.


Shri M. S. Sahoo, Whole Time Member, SEBI, has

Dr. K.M. Abraham, Whole Time Member, SEBI, passed an order dated June 23, 2009 continuing the

has passed an order dated June 15, 2009, in the restriction imposed vide the interim order dated

matter of Karuna Cables Ltd. restraining Karuna January 13, 2006 restraining Jermyn Capital LLC

Cables Ltd. and its Managing Director Mr. from accessing the Indian securities market and

Mahendra C. Shah, Ceetee Trading and Leasing from buying, selling and dealing in securities in the

Private Ltd. and its director Mr. Sanjay B. Shah Indian market till November 30, 2010. This

from accessing the securities market, directly or restriction is, however, subject to the orders dated

indirectly, for a period of six months. December 05, 2008 and May 14, 2009 of the

Hon'ble Supreme Court of India.The order has come into force with immediate

effect. Ref. : PR No.201/2009, dated June 24, 2009


Shri M. S. Sahoo, Whole Time Member, SEBI, has Dr. K.M. Abraham, Whole Time Member, SEBI, passed an order dated June 25, 2009, restraining has passed an order dated June 15, 2009, in the Mr. Kishore S. Jain, Mr. Jayantilal R. Jain, Mr. matter of Karuna Cables Ltd. revoking the

18. Order against Karuna Cables Ltd.,

Mr. Mahendra C. Shah, Ceetee Trading and

Leasing Private Ltd., Mr. Sanjay B. Shah in the 20. Order in the matter of Jermyn Capital LLC

matter of Karuna Cables Ltd.

21. Order in the matter of Pyramid Saimira

Theatre Ltd.19. Order in the matter of Karuna Cables Ltd.


545

Shripal J. Shah, Mr. Rajeshkumar P. Jain, and Mr. Ref. : PR No.205/2009, dated June 26, 2009

Pravin Kumar Jain from buying, selling or dealing

in the securities market in any manner whatsoever

or accessing the securities market, directly or

indirectly, for a period of three years.Dr. K.M. Abraham, Whole Time Member, SEBI,

It is also directed that the unlawful gains made by has passed an order dated June 22, 2009 in the

the above named shall be disgorged and an interest matter of Mr. Jayakant K. Diwan (Trade Name:

@20% shall be paid on the unlawful gains, from the Infimage Shares and Stock), sub-broker affiliated

date of sale of the shares so allotted till the date of to M/s. Growth Avenues Ltd.. By the said order,

disgorgement. The same shall be paid by them summary proceedings initiated against the sub-

within 45 days of receipt of the order. In case the broker stands disposed of.

aforesaid amount is not paid within the specified Ref. : PR No.207/2009, dated June 26, 2009

time, the above persons shall be restrained from

buying, selling or dealing in securities market in

any manner whatsoever or accessing the securities

market, directly or indirectly, for a further period of

seven years, without prejudice to SEBI's right to Dr. K. M. Abraham, Whole Time Member, SEBI enforce disgorgement. vide order dated June 24, 2009, has warned M/s.

The order shall come into force with immediate Neelam Bhatia & Co., Member, Ludhiana Stock

effect. Exchange(LSE), for the deviations observed herein

from the provisions of SEBI (Prohibition of Insider Ref. : PR No.204/2009, dated June 26, 2009Trading) Regulations, 1992, SEBI (Stock Brokers

and Sub-Brokers) Regulations, 1992 and the

circulars which regulate its function as a registered

intermediary of SEBI. The said stock broker has Dr. K. M. Abraham, Whole Time Member, SEBI, been further directed to strictly abide by laws, rules has passed an order dated June 22, 2009 imposing and regulations which govern dealings in the a penalty of suspension of the certificate of securities market. registration of M/s. Prakash Nahata & Co.,

Ref. : PR No.209/2009, dated June 26, 2009Member, Calcutta Stock Exchange Ltd., for a

period of one month in respect of its dealings in the

shares of M/s. Toplight Commercial Ltd.

The order shall come into force immediately on the Dr. K. M. Abraham, Whole Time Member, SEBI, expiry of twenty one days from the date of the has passed order dated June 25, 2009 against M/s. order.Rashmi Gem Stocks and Shares Pvt Ltd., Member

23. Order in the matter of Mr. Jayakant K.

Diwan

24. Order against M/s. Neelam Bhatia & Co.,

Member, Ludhiana Stock Exchange Ltd.

22. Order against M/s. Prakash Nahata & Co.,

Member, CSE

25. Order against M/s. Rashmi Gem Stocks

and Shares Pvt. Ltd., Member, BgSE


546

of Bangalore Stock Exchange Ltd. By this order, Parmeshwarlal, in the matter of M/s. V. B. Desai

the enquiry proceeding against M/s. Rashmi Gem Financial Services Ltd., in accordance with SEBI

Stocks and Shares Pvt. Ltd. has been disposed of Circular dated April 20, 2007 for consent orders.

advising the entity to strictly adhere to the The applicant has remitted a sum of Rs.

Regulations and Circulars that regulate its function 10,00,000/- (Rupees ten lakh only) towards the

in the securities market as a registered intermediary terms of consent in the matter.

of the Securities and Exchange Board of India. Ref. : PR No.175/2009, dated June 03, 2009


Dr. K. M. Abraham, Whole Time Member, SEBI

vide order dated June 25, 2009, has warned M/s. A Panel consisting of Whole Time Members, SEBI,

Jagdambay Share Brokers, sub-broker, affiliated to Shri M.S. Sahoo and Dr. K.M. Abraham, has

LSE Securities Ltd., Member, National Stock passed consent order on May 29, 2009 in the matter

Exchange of India Ltd., for the deviations observed of “irregularities relating to the Initial Public

from the provisions of various circulars of SEBI Offerings (IPOs)" on an application submitted by

which regulate its function as a registered Rajesh Jhaveri Stock Brokers Pvt. Ltd.

intermediary of SEBI. The said sub-broker has Rajesh Jhaveri Stock Brokers Pvt. Ltd. cornered been further directed to strictly abide by laws, rules the shares meant for retail individual investors in and regulations which govern its dealings in the the IPO of National Thermal Power Corporation. securities market. Based on the findings SEBI had passed ad interim

Ref. : PR No.213/2009, dated June 30, 2009 ex parte order dated April 27, 2006 directing

applicant not to buy, sell or deal in securities

market, including IPO's, directly or indirectly till

further directions. SEBI also initiated adjudication

proceedings against the applicant and a show cause

notice dated June 16, 2006 was issued by the

Adjudicating Officer.

The applicant without admitting or denying the

charges has remitted a total sum of Rs.6,32,370/-

A Panel consisting of Whole Time Members, SEBI, (Rupees six lakh thirty two thousand three hundred

Shri M. S. Sahoo and Dr. K. M. Abraham, has and seventy only) comprising Rs.5,26,975/-

passed a consent order dated May 29, 2009, on an (Rupees five lakh twenty six thousand nine

application submitted by M/s. Pawankumar hundred and seventy five only) towards

28. Consent Order on the application

26. Order against M/s. Jagdambay Share submitted by Rajesh Jhaveri Stock Brokers Pvt.

Brokers, Sub-broker Ltd. in the matter of irregularities relating to

IPOs

Consent Orders

27. Consent Order on the application of

M/s. Pawankumar Parmeshwarlal in the matter

of M/s. V. B. Desai Financial Services Ltd.


547

disgorgement and Rs.1,05,395/- (Rupees one lakh Shri Yash Golecha in the matter of Mazda Fabrics

five thousand three hundred and ninety five only) and Processors Ltd., in accordance with SEBI

towards settlement charges. circular dated April 20,2007 for consent orders.

The applicants have, remitted a sum of Ref. : PR No.176/2009, dated June 03, 2009Rs.3,25,000/- (Rupees Three Lakh Twenty Five

Thousand only) each towards the terms of consent

in the matter and, also undertaken that they shall

not buy, sell or deal in securities in any manner A Panel consisting of Whole Time Members, SEBI, whatsoever, directly or indirectly, for a period of Shri M.S. Sahoo and Dr. K. M. Abraham, has two years.passed consent order dated May 18, 2009 on an

The orders shall come into force from June 18, application submitted by M/s. B.R. Jalan Securities

2009Private Ltd., in accordance with SEBI circular

Ref. : PR No.188/2009, dated June 17, 2009dated April 20,2007 for consent orders. The

applicant has remitted a sum of Rs.6,00,000/-

(Rupees Six Lakh only) as settlement charges

towards the terms of consent in the matter. SEBI

has accepted the said terms of settlement and the A Panel consisting of Whole Time Members, SEBI, consent order disposes of the enquiry proceedings Shri M. S. Sahoo and Dr. K.M. Abraham, has pending before SEBI against M/s. B.R. Jalan passed a consent order dated June 15, 2009, on an Securities Private Ltd., Member, BSE pursuant to application submitted by Nirmal Bang Securities inspection of the books of accounts and other Pvt. Ltd. in the matter of Sun Infoways Ltd. in records of the Member for the period of April 2001 accordance with SEBI Circular dated April 20, to March 2003. 2007 for consent orders. The applicant has remitted

The order shall come into force with immediate a sum of Rs.4,00,000/- (Rupees four lakh only)

effect. towards the terms of consent in the matter.

Ref. : PR No.180/2009, dated June 04, 2009 Ref. : PR No. 189/2009, dated June 17, 2009

A panel consisting of Shri M.S. Sahoo, Whole Time

A Panel consisting of Whole Time Members, SEBI, Member, SEBI, and Dr. K.M. Abraham, Whole

Shri M.S. Sahoo and Dr. K. M. Abraham, has Time Member, SEBI, has passed a consent order

passed consent orders dated June 15, 2009, on the dated June 16, 2009 on the consent application

applications submitted by Shri Ashok Bharadia and submitted by Mr. Rakesh Kukillaya (hereinafter

29. Consent Order in the matter of M/s. B.R.

Jalan Securities Private Ltd.

31. Consent Order for Nirmal Bang Securities

Pvt. Ltd. in the matter of Sun Infoways Ltd.

30. Consent Orders for Shri Ashok Bharadia 32. Consent Order in the matter of Universal

and Shri Yash Golecha in the matter of Mazda Print Systems Ltd.

Fabrics and Processors Ltd.


548

referred to as applicant) for considerable delay in Shri M.S.Sahoo and Dr. K.M.Abraham has passed

filing a report under Regulation 3(4) read with consent order dated June 15, 2009 on an

Regulation 3(5) of the SEBI (Substantial application submitted by Shri Satish R. Shah in the

Acquisition of Shares and Takeovers), matter of M/s. Sawaca Communication Ltd. in

Regulations, 1997 in connection with acquisition accordance with SEBI Circular dated April 20,

of 3.20% of the share capital of Universal Print 2007 for consent orders. The applicant has remitted

Systems Ltd. by virtue of a gift deed dated July 21, a sum of Rs.1,00,000/- (Rupees one lakh only)

2005. The applicant without admitting or denying towards settlement charges. The applicant has also

guilt has remitted a sum of Rs. 75,000/-(Rupees undertaken to undergo voluntary debarment from

Seventy five thousand only) towards settlement buying, selling or dealing in the securities market,

charges in the matter. directly or indirectly, for a period of two years. The

order has come into force from June 18, 2009.Ref. : PR No.190/2009, dated June 17, 2009


A Panel consisting of Whole Time Members, SEBI,

Shri M. S. Sahoo and Dr. K.M. Abraham, has A Panel consisting of Whole Time Members, SEBI,

passed consent order dated June 16, 2009, on an Shri M.S. Sahoo and Dr. K.M. Abraham has passed

application submitted by Shri Nrupesh C Shah in a consent order dated June 18, 2009 on the consent

the matter of Oasis Media Matrix Ltd. in application submitted by M/s. Shivalik Rasayan

accordance with SEBI Circular dated April 20, Ltd. (hereinafter referred to as the applicant) for

2007 for consent orders. The applicant has remitted non-compliance with Regulation 6(2), 6(4) of the

a sum of Rs.1,00,000/- (Rupees one lakh only) SEBI (Substantial Acquisition of Shares and

towards the terms of consent in the matter and also Takeovers), Regulations, 1997 (hereinafter

undertaken that he shall not buy, sell or deal in referred to as “Takeover Regulations”) for the year

securities in any manner whatsoever, directly or 1997 and Regulation 8(3) of the Takeover

indirectly, for a period of two years. Regulations for the years 1997 to 2007.

The order shall come into force from June 19, 2009 The applicant without admitting or denying guilt

has remitted a sum of Rs.2,75,000/-(Rupees Two Ref. : PR No.194/2009, dated June 19, 2009Lakh and Seventy Five Thousand only) towards

settlement charges, in the matter.


A Panel consisting of Whole Time Members, SEBI

33. Consent Order for Shri Nrupesh C Shah in

the matter of Oasis Media Matrix Ltd. 35. Consent Order in the matter of M/s.

Shivalik Rasayan Ltd.

34. Consent Order in the case of Shri Satish

R. Shah in the matter of M/s. Sawaca

Communication Ltd.

36. Consent Order in the case of Rajesh

Jhaveri Stock Brokers Pvt. Ltd. in the matter of


549

Monalisa Infotech Ltd. 38. Consent Order on the application

submitted by Rajesh P. Shah in the matter of

Kosian Industries Ltd.

37. Consent Order on the application 39. Consent Order in the matter of M/s. Fusion

submitted by Ketan Shah & Co., Member, VSE Fittings (I) Ltd.


Shri M. S. Sahoo and Dr. K. M. Abraham has

passed consent order dated June 15, 2009 on an A Panel consisting of Whole Time Members, SEBI,

application submitted by Rajesh Jhaveri Stock Shri M.S. Sahoo and Dr. K.M. Abraham has

Brokers Pvt. Ltd. in the matter of Monalisa passed a consent order dated June 22, 2009 on an

Infotech Ltd. in accordance with SEBI Circular application submitted by Rajesh P. Shah in the

dated April 20, 2007 for consent orders. The matter of Kosian Industries Ltd. in accordance with

applicant has remitted a sum of Rs. 1,00,000/- SEBI Circular dated April 20, 2007 for consent

(Rupees one lakh only) towards settlement orders. The applicant has remitted a sum of Rs.

charges. The applicant has also undertaken not to 50,000/- (Rupees fifty thousand only) towards

undertake broking activity as a Trading Member of settlement charges. The applicant has also

Ahmedabad Stock Exchange Ltd. for a period of undertaken to undergo voluntary debarment for a

one month. period of one year.

The order has come into force with immediate The order has come into force with effect from June

effect. 25, 2009.

Ref. : PR No.198/2009, dated June 23, 2009 Ref. : PR No.206/2009, dated June 26, 2009

A Panel consisting of Whole Time Members, SEBI, A Panel consisting of Whole Time Members, SEBI,

Shri M.S.Sahoo and Dr. K.M.Abraham has passed Shri M.S. Sahoo and Dr. K.M. Abraham, has

a consent order dated June 22, 2009 on an passed a consent order dated June 25, 2009 on the

application submitted by Ketan Shah & Co. consent application submitted by M/s. Fusion

(Member, Vadodara Stock Exchange Ltd.) in the Fittings (I) Ltd., (hereinafter referred to as the

matter of Vision Organics Ltd. in accordance with applicant) for non-compliance with Regulation

SEBI Circular dated April 20, 2007 for consent 6(2), 6(4) of the SEBI (Substantial Acquisition of

orders. The applicant has remitted a sum of Rs. Shares and Takeovers), Regulations, 1997

5,00,000/- (Rupees five lakh only) towards (hereinafter referred to as “Takeover Regulations”)

settlement charges. for the year 1997 and Regulation 8(3) of the

Takeover Regulations for the years 1997 to 2007. The order has come into force with immediate

effect. The applicant without admitting or denying guilt

has remitted a sum of Rs.2,85,000/-(Rupees Two Ref. : PR No. 203/2009, dated June 25, 2009Lakh and Eighty Five Thousand only) towards


550

settlement charges, in the matter.



Shri M.S. Sahoo and Dr. K.M. Abraham has passed

a consent order dated June 26, 2009 on the consent

application submitted by Mr. Karan Thapar, for A Panel consisting of Whole Time Members, SEBI,

delay in submitting the information required under Shri M.S. Sahoo and Dr. K.M. Abraham has

Regulation 3(3) of the SEBI (Substantial passed a consent order dated June 26, 2009 on the

Acquisition of Shares and Takeovers), consent application submitted by Mr. Karan

Regulations, 1997. The applicant without Thapar, for delay in submitting the information

admitting or denying guilt has remitted a sum of required under Regulation 3(3) of the SEBI

Rs.35,000/- (Rupees thirty five thousand only) (Substantial Acquisition of Shares and Takeovers),

towards settlement charges in the matter.Regulations, 1997. The applicant without

Ref. : PR No.212/2009, dated June 30, 2009admitting or denying guilt has remitted a sum of

Rs.35,000/- (Rupees thirty five thousands only)

towards settlement charges in the matter.


41. Consent Order in the matter of M/s.

Greaves Cotton Ltd.

40. Consent Order in the matter of M/s.

English India Clays Ltd.

551

CIRCULARS

1. Guidelines for Investment by Mutual Funds

in Indian Depository Receipts (IDRs) and copies

of gazette notifications dated April 8, 2009 and

June 5, 2009

3. Valuation of debt securities by Mutual Funds2. Submission of Monthly Report

provided with this circular as Annexure.

In this regard, it is advised that the report shall be thuploaded on SEBI Portal by the 5 of the following

month. Hard copy of the said report shall not be Issued to : All Mutual Funds, Asset Management sent to SEBI.Companies (AMCs) and Association of Mutual In the said report data pertaining to Assets under Funds in India (AMFI) Management (AUM) of the portfolio manager as In terms of regulation 43(1) of SEBI (Mutual on the last calendar day of each month shall be Funds) Regulations 1996 (the Regulations), indicated in Rupees in crores.mutual funds are permitted to invest in securities. It Procedure to upload monthly report on portal is as is hereby clarified that mutual funds can invest in follows:Indian Depository Receipts [Indian Depository

a. Log on to SEBI Portal at https://portal. Receipts as defined in Companies (Issue of Indian

sebi.gov.in. using the Username and Depository Receipts) Rules, 2004] subject to

Password provided at the time of Registration/ compliance with SEBI (Mutual Funds)

Renewal as a portfolio manager. Regulations 1996 and guidelines issued

b. Select the portfolio manager tabthereunder, specifically investment restrictions as

c. Select the link: PM Monthly Report specified in the Seventh Schedule of the d. Fill the data in the format providedRegulations.

e. Save the data and then SubmitGazette notification No. LAD-NRO/GN/2009-

10/01/159601 and No. LAD–NRO/GN/2009- In terms of Regulation 23(A) of SEBI (Portfolio 10/07/165404 pertaining to SEBI (Mutual Funds) Managers) Regulations, 1993 Compliance Officer (Amendment) Regulations 2009 are available on of the portfolio managers shall be responsible for SEBI website for your information and ensuring compliance with this circular.implementation. Ref. : SEBI/IMD/PMS/CIR-3/2009, dated June 11, Ref. : SEBI / IMD / CIR No. 1/ 165935 / 2009, dated 2009June 9, 2009

Issued to : All Mutual Funds, Asset Management Issued to : All Registered Portfolio Managers Companies (AMCs) and Association of Mutual

Funds in India (AMFI) All Registered Portfolio Managers are required to

submit a monthly report regarding their portfolio This refers to to SEBI Circulars No. management activity every month as per format MFD/CIR/8/92/2000 dated September 18, 2000,



552

MFD/CIR No. 14/442/2002 dated February 20, Further, it has been decided that

2002 and SEBI/IMD/CIR No. 9/08 dated October ØFor valuation of securities purchased after the 18, 2008. issuance of circular, the discretionary mark up With a view to ensure that the value of debt or down limit, as detailed above, should be securities reflects the current market scenario in applied. calculation of net asset value, it has been decided

ØFor cases where on the date of this circular, the that discretionary mark up and mark down shall be

increased discretionary mark up or down limit brought to the level as detailed in SEBI Circulars

is being used, it should be brought back to the No. MFD/CIR/8/92/2000 dated September 18,

proposed levels as detailed above within a 2000 and MFD/CIR No. 14/442/2002 dated

period of two months.February 20, 2002.ØChief Executive Officer (whatever his Accordingly, the discretionary mark up and mark

designation may be) of the Asset Management down will be as under:Company shall give prior approval to the use a. In case of rated debt securities of discretionary mark up or down limit.

Ref. : SEBI / IMD / CIR No. 2/166256/ 2009, dated

June 12, 2009

Issued to : All Mutual Funds, Asset Management

Companies (AMCs) and Association of Mutual

Funds in India (AMFI)

This refers to Circular No.1 dated June 9, 2009,

enclosing the gazette notification No. LAD – b. In case of unrated debt securities

NRO/GN/2009-10/07/165404 dated June 5, 2009

pertaining to SEBI (Mutual Funds) (Second

Amendment) Regulations, 2009.

It is hereby clarified that in case of the existing

schemes where the investments in money market

instruments of an issuer are not in compliance with

the said notification, AMC shall ensure compliance

within a period of 3 months from the date of

notification.

Ref. : SEBI / IMD / CIR No.3 / 166386 / 2009, dated

June 15, 2009

4. Guidelines for Investment by Mutual

Funds in Money Market Instruments

Category

Current (as per Circular dated October 18, 2008)

Proposed

+

-

+ -

Rated instruments with duration upto 2 years

500 bps 150 bps 100 bps 50 bps

Rated instruments with duration over 2 years

400 bps 100 bps 75 bps 25 bps

Category Current (as per Circular dated October 18,2008)

Proposed

Unrated instruments with duration upto 2 years

Discretionary discount of upto +450 bps over and above mandatory discount of +50 bps


Unrated instruments with duration over 2 years

Discretionary discount of upto

+375 bps over and above mandatory discount of +25 bps



553

5. Model Listing Agreement for listing of Indian

Depository Receipts (IDRs) issued by issuing

companies whose securities market regulators

are signatories to the Multilateral Memo-

randum of Understanding (MMoU) of

International Organization of Securities

Commissions (IOSCO).

6. Maintenance of Clients' Funds in a separate

Bank Account by Portfolio Managers

of the SEBI (Disclosure & Investor Protection)

Guidelines, 2000 or any statutory modification or

re-enactment thereof.

For the issuing companies from other jurisdictions,

the existing model listing agreement for IDRs shall

continue to apply till further advice in this regard.

All Stock exchanges are advised to:Issued to : The Managing Director/Executive

(a) execute the Listing Agreement with the Director/Administrator of all the Stock Exchanges

issuing companies in line with the Model Vide circular no. CFD/DIL/IDR/1/2006/3/4, dated Listing agreement specified in the Annexure, 03rd April 2006, SEBI has specified the Model without limiting or diluting any of the Listing Agreement for listing of IDRs. This Model requirements thereof; Listing Agreement was specified on the basis of the

(b) make necessary and consequent ia l conditions of the Equity Listing Agreement

amendments, if any , to their bye-laws for the applicable to the domestic issuers at that point of

implementation of the above decision;time.

(c) disseminate the same on their website for easy SEBI received suggestions from market

access to the issuing companies and investors; participants to modify the said Model Listing

andAgreement so as to align it with the listing

(d) communicate to SEBI, the status of the requirements of the issuers' home country so that implementation of the provisions of this there is no additional regulatory or cost burden to circular in the Monthly Development Report.the issuers.

The Model Listing agreement specified in the On examination of the suggestions, it has been 'Annexure A' shall come into force with immediate decided to initially simplify the existing listing effect.requirements for IDRs issued by issuing

companies from the countries whose securities Annexure A, is available on SEBI website at

market regulators are the signatories to the MMoU http://www.sebi.gov.in.

of IOSCO. Ref. : SEBI/CFD/DIL/IDR/1/2009/16/06, dated

Accordingly, separate listing requirements for June 16, 2009

listing of IDRs of such issuing companies have

been specified. A Model Listing Agreement

containing these requirements is provided in

Annexure A.Issued to : All Registered Portfolio Managers

This Model Listing Agreement shall be read in Regulation 16(7) of the SEBI (Portfolio Managers) conjunction with the Companies (Issue of Indian Regulations, 1993, states that “the portfolio Depository Receipts) Rules, 2004 and Chapter VIA


554

manager shall segregate each client's funds and superceded SEBI Circulars No. No.SEBI/MRD/

portfolio of securities and keep them separately SE/AT/ 36/2003/30/09 dated September 30, 2003

from his own funds and securities and be and SEBI/MRD/SE/AT/46/2003 dated December

responsible for safe keeping of clients' funds and 22, 2003 that prescribed norms for issue of

securities.” privately placed debt securities and listing of such

securities on the exchange. SEBI has subsequently With regard to the above, it is hereby clarified that been receiving queries on applicability of portfolio managers may keep the funds of all disclosure norms for issue and listing of clients in a separate bank account maintained by convertible debt securities.the portfolio manager subject to the following

conditions: It is hence clarified that, issue and listing of non-

convertible debt securities, whether issued to the a) There shall be a clear segregation of each public or privately placed, is to be done in client's fund through proper and clear accordance with the provisions of the Securities maintenance of back office recordsand Exchange Board of India (Issue and Listing of

b) Portfolio Managers shall not use the funds of Debt Securities) Regulations, 2008. Issue of debt

one client for another clientsecurities that are convertible, either partially or

c) Portfolio Managers shall also maintain an fully or optionally into listed or unlisted equity accounting system containing separate client- shall be guided by the disclosure norms applicable wise data for their funds and provide statement to equity or other instruments offered on to clients for such accounts at least on monthly conversion in terms of the Securities and Exchange basis Board of India (Disclosure and Investor

Protection) Guidelines, 2000.d) Portfolio Managers shall reconcile the client-

wise funds with the funds in the aforesaid bank The clarifications issued vide this circular shall be account on daily basis applicable to all information memoranda/ offer

documents for issue of privately placed convertible Ref. : IMD/DOF I/PMS/Cir- 4/2009 dated June 23,

or nonconvertible debt securities that are intended 2009

to be listed on recognized stock exchanges,

prepared on or after the date of issue of the instant

circular.

All registered merchant bankers are directed to

ensure compliance with the applicable

amendments made vide this circular.Issued to : To All Registered Merchant Bankers /

All stock exchanges are advised to bring to the Stock Exchangesnotice of all the listed companies and issuers

SEBI introduced the simplified listing agreement seeking listing of their convertible debt securities.

vide Circular No.SEBI/IMD/ BOND/1/2009/ Ref. : SEBI/IMD/BOND/Cir-2/2009 dated June 23, 11/05 dated May 11, 2009 which inter alia, 2009

7. Clarification on applicability of SEBI

Regulations/ Circulars on Initial and

Continuous Disclosures for Convertible and

Non-Convertible Debt


555

8. Establishment of Connectivity with both

depositories NSDL and CDSL – Companies

eligible for shifting from Trade for Trade

Settlement (TFTS) to normal Rolling

Settlement

9. Mutual Funds - Empowering investors

through transparency in payment of

commission and load structure

purpose, the listed companies shall obtain a

certificate from its Registrar and Transfer

Agent (RTA) and submit the same to the stock

exchange/s. However, if an issuer-company

does not have a separate RTA, it may obtain a

certificate in this regard from a practicing Issued to : The Executive Directors/Managing company Secretary/Chartered Accountant and Directors of all Stock Exchangessubmit the same to the stock exchange/s.It is observed from the information provided by the

b) There are no other grounds/reasons for depositories that the companies listed below have continuation of the trading in TFTS.established connectivity with both the depositories

during the months of February to April 2009. The Stock Exchanges are advised to report to

SEBI, the action taken in this regard in Section II,

item no. 13 of the Monthly/Quarterly Development

Report.

Ref. : MRD/DoP/SE/ Cir-06 /2009, dated June 29,

2009

Issued to : All Mutual Funds, Asset Management

Companies and Association of Mutual Funds in

India (AMFI)

SEBI has been taking various steps to empower the

investors in mutual funds by way of more

transparency in the loads borne by the investor so

that the investor can take informed investment

decisions. Towards this end, SEBI had earlier

abolished initial issue expenses and mutual fund

The stock exchanges may consider shifting the schemes were allowed to recover expenses

trading in these securities to normal Rolling connected with sales and distribution through entry

Settlement subject to the following: load only. Further, investors making direct

applications to the mutual funds were exempted a) At least 50% of other than promoter holdings from entry load.as per clause 35 of Listing Agreement are in

dematerialized mode before shifting the In terms of existing arrangement, though the

trading in the securities of the company from investor pays for the services rendered by the

TFTS to normal Rolling Settlement. For this mutual fund distributors, distributors are

Sr.No. Name of the Company ISIN No. 1 INCA Finlease Ltd. INE309H010122 B Nanji Enterprises Ltd. INE735G010103

Shree Surgovind Tradelink Ltd.

INE117K01013

4

Money Masters Investment Ltd.

INE945J01019

5

Adeshwar Cotton Industries Ltd.

INE066C01019

6

Tirupati Sarjan Ltd.

INE297J01015

7

The Sandur Manganese And Iron Ores

INE149K01016

8

Lords Chloro Alkali Ltd.

INE846D010129

Ranjeev Alloys Ltd.

INE478F0101910

Intellivate Capital Ventures Ltd.

INE512D01010

11

Vishnu Sugar Mills Ltd.

INE211K0101412

Sterling Strips Ltd.

INE067E0101313

Multiplus Holdings Ltd.

INE886E0101614

Gujarat Automotive Gears Ltd

INE705G01013

15

Moongipa Capital Finance Ltd

INE153K01018

16 MARG Projects and Infrastrure Ltd.

INE942E01017


556

remunerated by Asset Management Companies commissions to the distributor and to take care

(AMCs) from loads deducted from the invested of other marketing and selling expenses. Any

amounts or the redemption proceeds. SEBI balance shall be credited to the scheme

(Mutual Funds) Regulations, 1996 also permit immediately.

AMCs to charge the scheme (under the annual d) The distributors should disclose all the recurring expense) for marketing and selling commissions (in the form of trail commission expenses including distributor's commission. or any other mode) payable to them for the

Further, all loads including Contingent Deferred different competing schemes of various

Sales Charge (CDSC) for the scheme are mutual funds from amongst which the scheme

maintained in a separate account and this amount is is being recommended to the investor.

used by the AMCs to pay commissions to the

distributors and to take care of other marketing and Applicabilityselling expenses. It has been left to the AMCs to

This circular shall be applicable forcredit any surplus in this account to the scheme,

a. Investments in mutual fund schemes whenever felt appropriate. In order to incentivise (including additional purchases and switch-in long term investors it is considered necessary that to a scheme from other schemes) with effect exit loads/CDSCs which are beyond reasonable from August 1, 2009 ;levels are credited to the scheme immediately.

b. Redemptions from mutual fund schemes In order to empower the investors in deciding the (including switch-out from other schemes) commission paid to distributors in accordance with with effect from August 1, 2009 ;the level of service received, to bring about more

c. New mutual fund schemes launched on and transparency in payment of commissions and to after August 1, 2009; andincentivise long term investment, it has been

d. Systematic Investment Plans (SIP) registered decided that:

on or after August 1, 2009.a) There shall be no entry load for all mutual fund

AMCs shall follow the provisions pertaining in schemes.

clause 5(2)(b) of SEBI Circular SEBI/IMD/CIR b) The scheme application forms shall carry a No. 5/126096/08 dated May 23, 2008 regarding suitable disclosure to the effect that the upfront updation of Scheme Information Document (SID) commission to distributors will be paid by the and Key Information Memorandum (KIM) in this investor directly to the distributor, based on his respect.assessment of various factors including the

The AMCs shall bring the contents of this circular service rendered by the distributor.

to the notice of their distributors immediately and c) Of the exit load or CDSC charged to the monitor compliance.investor, a maximum of 1% of the redemption

Ref. : SEBI/IMD/CIR No. 4/ 168230/09, dated June proceeds shall be maintained in a separate

30, 2009.account which can be used by the AMC to pay


557

ØMandate on suitability standards in 1. 3 4 t h A n n u a l C o n f e re n c e o f t h e

connection with complex financial products. International Organization of Securities

Commissions IOSCO also initiated further crisis related work

with the launch of four new task forces on the During the Conference IOSCO identified

following issues: following areas for immediate focus:

ØØ Circuit Breakers and Market Halts; IOSCO Multilateral Memorandum of

Understanding (MMoU) ØSecuritization, in cooperation with the

Ø International Monetary Fund; Implementation of IOSCO Objectives and

Principles ØOTC Markets and Derivatives Trading; and

ØInitiative to Raise Standards of Cross-Border ØCapacity Building in Risk-Based Supervision. Cooperation

ØExecutive Committee Task Force on IOSCO's Two elections took place during the Conference:

Strategic Direction Africa-Middle East Regional Committee (AMERC)

ØTechnical Task Force on Supervisory Ms. Daisy Ekineh Sunjuba, Director of the Cooperation Securities and Exchange Commission of Nigeria

ØNew IOSCO Work Mandates was elected as Chairman of the IOSCO Africa &

Middle East Regional Committee to complete the

Further, its Technical Committee approved a term of Mr. Musa Al-Faki, former Director

number of new mandates and Task Forces: General of the Securities and Exchange

Commission of Nigeria Task Force on Supervisory Cooperation

ØTo form a task force to develop principles for

Asia-Pacific Regional Committee (APRC) supervisory cooperation in an effort similar to

that undertaken in the 1990s to develop Mr. C B. Bhave, Chairman of the Securities and principles for enforcement cooperation Exchange Board of India, was elected as Chairman

of the IOSCO Asia Pacific Regional Committee to

replace Mr. Kim Dong-Yuk of the Financial Standing Committee on Regulation of Market Supervisory Commission / Financial Supervisory Intermediaries Service of Korea.

ØMandate on protection of client assets held by Source : IOSCO/MS/06/2009, dated June 11, 2009 insolvent securities intermediaries; and

HIGHLIGHTS OF DEVELOPMENTS ININTERNATIONAL SECURITIES MARKETS


558

2. IOSCO publishes principles for the effective which contains six high level principles that will

regulation of short selling enable securities regulators to address, in a

collective and effective way, the regulatory and The International Organization of Securities systemic risks posed by hedge funds in their own Commissions' (IOSCO) Technical Committee has jurisdictions while supporting a globally consistent published a final report entitled Regulation of Short approach. Selling which contains high level principles for the

effective regulation of short selling. The principles The report, which was prepared by the Task Force

were developed by the Task Force on Short Selling on Unregulated Entities (Task Force), recommends

(Task Force) following consultation with that all securities regulators apply the principles in

regulators and market participants from around the their regulatory approaches.

world who were generally supportive of the

proposals. The six high level principles are:

The Technical Committee recommends that 1. Hedge funds and/or hedge fund managers/

effective regulation of short selling comprises the advisers should be subject to mandatory

following four principles: registration;

a) Short selling should be subject to appropriate 2. Hedge fund managers/advisers which are controls to reduce or minimise the potential

required to register should also be subject to risks that could affect the orderly and efficient appropriate ongoing regulatory requirements functioning and stability of financial markets. relating to: b) Short selling should be subject to a reporting a) Organisational and operational standards; regime that provides timely information to the

market or to market authorities. b) Conflicts of interest and other conduct of

business rules; c) Short selling should be subject to an effective

compliance and enforcement system. c) Disclosure to investors; and

d) Short selling regulation should allow d) Prudential regulation. appropriate exceptions for certain types of

3. Prime brokers and banks which provide transactions for efficient market functioning funding to hedge funds should be subject to and development. mandatory registration/regulation and

Source : IOSCO/MR/12/2009 dated June 22, 2009 supervision. They should have in place

appropriate risk management systems and 3. IOSCO publishes principles for hedge funds controls to monitor their counterparty credit regulation risk exposures to hedge funds;

The International Organization of Securities 4. Hedge fund managers/advisers and prime

Commissions' (IOSCO) Technical Committee has brokers should provide to the relevant regulator

published Hedge Funds Oversight: Final Report information for systemic risk purposes


559

(including the identification, analysis and 5. IOSCO publishes recommendations in

mitigation of systemic risks); response to the financial crisis in Emerging

Markets 5. Regulators should encourage and take account

The International Organization of Securities of the development, implementation and

Commissions (IOSCO) Emerging Markets convergence of industry good practices, where

Committee (EMC) has published a consultation appropriate;

report entitled Impact on and Responses of

Emerging Markets to the financial crisis. The 6. Regulators should have the authority to co-conclusions of the Report, which was prepared by operate and share information, where the EMC Chairman's Crisis Task Force (Task appropriate, with each other, in order to Force), are drawn from the results of a survey of facilitate efficient and effective oversight of EMC jurisdictions which assessed the impact of the globally active managers/advisers and/or funds financial crisis on members' markets and their and to help identify systemic risks, market regulatory responses. I t a lso includes integrity and other risks arising from the recommendations designed to address current activities or exposures of hedge funds with a vulnerabilities in EMC members' jurisdictions and view to mitigating such risks across borders. provide the basis for future sound regulatory Source : IOSCO/MR/14/2009 dated June 29, 2009 approaches.

The Report makes the following recommendations 4. IOSCO consults on disclosure requirements

for securities regulators to follow in addressing the for public offerings of ABS

effects of the crisis: The International Organization of Securities

ØEnsure regulatory frameworks conform to Commissions' (IOSCO) Technical Committee has

international principles. published a consultation paper on Disclosure

ØEnhance capacity and review approach to Principles for Public Offerings and Listings of regulation. Asset-Backed Securities (ABS Disclosure

ØPromote greater inclusion of emerging market Principles). The Technical Committee has

authorities on regulatory matters. developed these ABS Disclosure Principles to

provide guidance to securities regulators who are ØEnsure proper sequencing between local developing or reviewing their regulatory market development and international financial disclosure regimes for public offerings and listings integration and liberalization. of asset-backed securities (ABS). This will in turn

ØImprove prudential regulation and supervision. contribute to enhancing investor protection by

ØWork closely with industry groups concerning facilitating a better understanding of the issues that corporate governance and risk management.should be considered by regulators.

Source : IOSCO/MR/13/2009 dated June 24, 2009

6. SEC Proposes Rule Amendments to highly liquid investments, reduce their exposure to

Strengthen Regulatory Framework for Money long-term debt, and limit their investments to only

Market Funds the highest quality portfolio securities. The

proposals also would require the monthly reporting The Securities and Exchange Commission voted of portfolio holdings, and allow the suspension of unanimously to propose rule amendments redemptions if a fund "breaks the buck" to allow for designed to significantly strengthen the regulatory the orderly liquidation of fund assets. A money framework for money market funds to increase market fund "breaks the buck" when its net asset their resilience to economic stresses and reduce the value falls below $1 per share, meaning investors risks of runs on the funds.in that fund will lose money.

The SEC is seeking public comment on the Source : www.sec.govproposals, which would require money market

funds to maintain a portion of their portfolios in


560

ANNEXURES AND STATISTICAL TABLES

Annexures

1 A. Company-wise Capital Raised though Public and Rights Issues during 2009June

Statistical Tables

1.

2.

3.

4.

5.

6.

7.

8.

9.

10.

11.

12.

13.

14.

15.

16.

17.

18.

19.

20.

21.

22.

23.

24.

25.

SEBI Registered Market Intermediaries/Institutions


561

1 B. Company-wise Capital Raised though Qualified Institutions' Placement (QIP) during June 2009

1 C. (ii) Shares listed at NSE under Preferential Basis during June 2009

2. Rating Assigned to IPOs during June 2009

Capital Raised from the Primary market through though Public and Rights Issues

Capital Raised from the Primary Market through Qualified Institutions' Placement (QIP)

Industry-wise Classification of Capital Raised through Public and Rights Issues

Sector-wise and Region-wise Distribution of Capital Mobilised through Public and Rights Issues

Size-wise Classification of Capital Raised through Public and Rights Issues

Distribution of Turnover on Cash Segments of Exchanges

Cash Segment of BSE

Cash Segment of NSE

Trends in Cash Segment of BSE, June 2009

Trends in Cash Segment of NSE, June 2009

Turnover and Market Capitalisation at BSE and NSE, June 2009

Component Stocks: BSE Sensex, June 2009

Component Stocks: S&P CNX Nifty index, June 2009

Volatility of Major Indices

City-wise Distribution of Turnover on Cash Segments of BSE and NSE

Advances/Declines in Cash Segment of BSE and NSE (No. of Securities)

Trading Frequency in Cash Segment of BSE and NSE

Percentage Share of Top 'N' Securities/Members in Turnover of Cash Segment

Settlement Statistics for Cash Segment of BSE

Settlement Statistics for Cash Segment of NSE

Derivatives Segment at BSE

Derivatives Segment at NSE

Derivatives Trading at NSE, June 2009

Settlement Statistics in Derivatives Segment at BSE and NSE

1 C. (i) Shares listed at BSE under Preferential Basis during June 2009

3 A. Open Offer under SEBI Takeover Code during June 2009

3 B. Buyback Documents filed with SEBI during June 2009

562

N.B.: 1. NA = Not Applicable/Available. 2. 1 crore = 10 million = 100 lakh. 3. The total provided in the Annexures and Statistical Tables may not always match with the sum total of

the break-ups due to decimal differences. 4. The data for the current month is provisional.

26.

27.

28.

29.

30.

31.

32.

33.A

33.B

34.

35.

36.

37.

38.

Trends in Trading in the Corporate Debt Market


Trading Statistics of Currency Derivatives Segment

Daily Trends of Currency Derivatives Trading during, June 2009

Settlement Statistics of Currency Derivatives Segment

Trends in Foreign Institutional Investment

Daily Trends in Foreign Institutional Investment, June 2009

Trends in Resource Mobilisation by Mutual Funds

Type-wise Resource Mobilisation by Mutual Funds: Open-ended and Close-ended

Scheme-wise Resource Mobilisation by Mutual Funds

Trends in Transactions on Stock Exchanges by Mutual Funds

Assets under the Custody of Custodians

Substantial Acquisition of Shares and Takeovers

Progress of Dematerialisation at NSDL and CDSL

39.

40. Macro-economic Indicators

41. Daily Return and Volatility: Select World Stock Indices

563


Annexure 1 A: Company-wise Capital Raised through Public & Rights Issues during June 2009

SL.

No.

Name of the Issuer/

Company

Date of

Opening

Type of

Issue

Type of

Instru-ment

No. of

Shares

Issued

Par

Value

(Rs. )

Premium

Value

( Rs.)

Issue

price

(in Rs.)

Size of

Issue

(Rs.

crore)

1 2 3 4 5 6 7 8 9 10

1Mahindra Holidays &

Resorts India Ltd.

23-Jun-09 IPO (Fresh+

Offer for Sale)

Equity 92,65,275 10 290 300 277.96

2 Rishabhdev Technocable Ltd. 04-Jun-09 FPO Equity 90,00,000 10 23 33 29.70

3 Syncom Formulations

(India) Ltd.16-Jun-09 Rights Equity 31,12,500 10 7 17 5.29

4 Sundaram Brake Linings

Ltd.03-Jun-09 Rights Equity 12,21,075 10 112 122 14.90

Annexure 1B : Company-wise Capital Raised through Qualified Institutions' Placement (QIP) during June 2009

Sr.No

Name of the Company

Date of Shareholder

Meeting

Relevant Date

Name of the Merchant Banker

Instrument Type

No. of Allotees

Issue Price ( Rs.)

Total Shares

Allotted

Issue Size

(Rs. crore)

1 2 3 4 5 6 7 8 9 10

1 PTC India Ltd. 6-May-2009 20-May-09 DSP Merrill Lnch Ltd.,

Kotak Mahindra Capital

Company Ltd.

Equity shares 23 75 6,66,65,600 499.99

2 Network 18

Fincap Ltd.

31-Mar-2009 03-Jun-09 Antique Capital Markets

Private Ltd., ICICI

Securities Ltd., Kotak

Mahindra Capital

Company Ltd.

Equity shares 12 130 1,57,62,889 204.92

Source : BSE, NSE

564


Annexure 1C(i) : Shares Listed at BSE under Preferential Basis during June 2009

Sr.

No.

Company Name Date of

Share-

holders

Meeting

Relevant

Date

Instrument

(Warrants /

PCDs / Equity

shares)

Category of Allottee No. of

Allo-ttees

No. of

Securities

Issued

Issue

Price

(Rs.)

Issue

Size

(Rs.

crore)

1 2 3 4 5 6 7 8 9 10

1 Aditya Ispat Ltd. 30-Sep-08 31-Aug-08 Warrants Promoters 1 2,50,000 11.00 0.28

2 Apollo Hospitals Enterprise Ltd 6-Oct-07 6-Sep-07 Warrants Promoters 1 15,49,157 497.69 77.10

3 Bombay Rayon Fashions Ltd 22-Apr-09 23-Mar-09 Equity shares Non-promoter 1 1,80,00,000 185.00 333.00

4Cerebra Integrated Technologies

Ltd.3-Mar-07 1-Feb-07 Warrants Non-promoter 7 20,00,000 10.00 2.00

5 Dujodwala Paper Chemicals Ltd 25-Mar-09 23-Feb-09 Equity shares Promoters 1 2,93,000 10.00 0.29

6 Filmcity Media Ltd 28-Sep-07 29-Aug-07 Warrants Non-promoter 2 1,05,00,000 1.30 1.37

7 Garware Marine Industries Ltd 31-Dec-07 1-Dec-07 Warrants Promoters and Others 16 5,39,500 25.00 1.35

8 H S India Ltd 25-Sep-08 26-Aug-08 Warrants Promoters and Others 5 27,19,000 14.00 3.81

9 H S India Ltd 14-May-09 14-Apr-09Convertible

DebenturesNon-promoter 1 3,00,000 10.00 0.30

10 HFCL Infotel Ltd 30-Sep-04 31-Aug-04 Equity shares Non-promoter 3 8,30,70,088 10.00 83.07

11 International Conveyors Ltd 16-Apr-08 17-Mar-09 Warrants Non-promoter 3 9,75,000 238.00 23.21

12 Koffee Break Pictures Ltd 27-May-08 27-Apr-08 Warrants Non-promoter 2 7,25,000 31.00 2.25

13 Lesha Energy Resources Ltd 4-May-09 4-Apr-09 Equity shares Non-promoter 5 1,02,90,000 15.00 15.44

14 Liberty Phosphate Ltd 3-Sep-08 4-Aug-08 Equity Promoters & Others 5 27,64,901 18.00 4.98

15 Mewar Industries Ltd 4-Aug-08 5-Jul-08 Equity Promoters 4 40,00,000 10.81 4.32

16 Opto Circuits India Ltd. 29-Jun-07 30-May-07 Warrants Promoters 1 5,40,000 360.00 19.44

17 Pix Transmission Ltd 11-Feb-09 12-Jan-09 Warrants Promoters 9 4,15,000 30.00 1.25

18 Ram Kaashyap Investment Ltd. 28-Aug-08 29-Jul-08 Equity shares Non-promoter 2 3,90,000 10.00 0.39

19 Rana Sugars Ltd. 6-Feb-09 7-Jan-09 Warrants Promoters 2 38,00,000 11.50 4.37

20 Rane Brake Lining Ltd. 30-Mar-09 28-Feb-09 Equity shares Promoters 1 7,00,000 50.00 3.50

21 Saurashtra Cement Ltd 11-Dec-06 11-Nov-06 Equity shares Financial Institutions

(pursuant to CDR

Scheme)

2 2,61,153 73.00 1.91

22 Saurashtra Cement Ltd 7-Feb-06 8-Jan-06 Warrants Other than Promoters 1 24,70,000 35.00 8.65

23 Saurashtra Cement Ltd 7-Feb-06 8-Jan-06Convertible

debenturesNon-promoter 1 74,50,000 35.00 26.08

24 Shree Renuka Sugars Ltd. 25-Aug-07 26-Jul-07 Warrants Non-promoter 2 40,00,000 62.57 25.03

25 Shri Lakshmi Cotsyn Ltd 31-Jan-09 1-Jan-09 Warrants Promoters 2 7,78,500 100.00 7.79

26 Softpro Systems Ltd 12-May-09 12-Apr-09 Equity shares Promoters and Others 4 7,25,000 90.00 6.53

27 Sumedha Fiscal Services Ltd 20-Sep-08 21-Aug-08 Equity shares Promoters and Others 5 1,25,000 25.00 0.31

28 Talbros Automotive Components

Ltd 15-Mar-07 13-Feb-07 Warrans Promoters & Others 1 4,10,000 65.00 2.67

29 Ushdev International Ltd 19-Feb-09 20-Jan-09 Equity shares Promoters & Others 9 1,61,40,000 80.00 129.12

Source: BSE

565


Annexure 1C(ii) : Shares Listed at NSE under Preferential Basis during June 2009

Sr.

No.

Company Name Date of

Share-

holders

Meeting

Relevant

Date

Instrument

(Warrants /

PCDs / Equity

shares)

Category of

Allottee

No. of

Allo-

ttees

No. of

Securities

Issued

Issue

Price

(Rs.)

Issue

Size

(Rs.

crore)

1 2 3 4 5 6 7 8 9 10

1 Apollo Hospitals Enterprise Ltd. 6-Oct-07 6-Sep-07 Warrants Promoter and others 1 15,49,157 497.69 77.10

2 Bombay Rayon Fashions Ltd. 22-Apr-09 23-Mar-09 Equity shares Non-promoters 1 1,80,00,000 185.00 333

3 JIK Industries Ltd. BIFR NA Equity shares Promoter and others 1 24,65,800 10.00 2.47

4 Opto Circuits (India) Ltd. 29-Jun-07 30-May-07 Warrants Promoter and others 1 5,40,000 360.00 19.44

5 Rane Brake Lining Ltd. 30-Mar-09 28-Feb-09 Equity shares Promoter and others 1 7,00,000 50.00 3.50

6 Softpro Systems Ltd. 12-May-09 12-Apr-09 Equity shares Promoter and others 4 7,25,000 90.00 6.53

Source : NSE

566


Annexure 2 : Rating Assigned to IPOs during June 2009

Name of the Company Credit Rating

Agencies

Rating

Assigned

Size of Issue

(Rs. crore)

1 2 3 4

Mahindra Holidays and Resorts India Ltd. Fitch 4 9.27

Excel Infoways Ltd CARE 1 Approx. 60

Mayajaal Entertainment Ltd. CARE 1 N.A.

Raj Oil Mills Ltd. ICRA 2 N.A.

NHPC Ltd.

Jindal Cotex Ltd.

ICRA

Brickwork

3

3

N.A.

N.A.

Source: Credit Rating Agencies

Note : 5/5 : Strong fundamentals; 4/5 : Above average fundamentals; 3/5 : Average

fundamentals; 2/5 : Below average fundamentals; 1/5 : Poor fundamentals

567


Annexure 3A : Open Offers under SEBI Takeover Code during June 2009

No. of

Shares

% of

Equity

Capital

1 2 3 4 5 6 7 8

1 Bombay Rayon Fashions Ltd Aaa United B.V. 20-May-09 10-Jun-09 1,74,20,000 14.52 185.00

2 Novartis India Ltd Novartis Ag 20-May-09 08-Jun-09 1,24,64,710 39.00 351.00

3 Falcon Tyres Ltd Wealth Sea Pte Ltd. &

Manali Properties &

22-May-09 10-Jun-09 11,36,184 20.00 151.71

4 GMR Ferro Alloys &

Industries Ltd.

Cronimet Mercon

Invest Ltd.

02-Jun-09 22-Jun-09 24,57,059 20.00 26.05

5 Ciba India Ltd. (Formerly

Ciba Specialty Chemicals

(India) Ltd)

Basf Se, Basf Handels

(Pac)

04-Jun-09 23-Jun-09 26,56,164 20.00 237.13

6 Spice Mobiles Ltd. Formerly

Spice Net Limited/ Modi

Olivetti Ltd.)

Spice Televentures

Pvt. Ltd.

11-Jun-09 30-Jun-09 1,49,27,600 20.00 10.90

Acquirer Offer

Opening

Date

Offer

Closing

Date

Offer Size Offer

Price

(Rs.)

Sl.

No.

Target Company

Annexure 3B: Buyback Documents Filed with SEBI during June 2009

Sl.

No

Company Mode of Buyback Maximum

Price

Payable

( Per Share)

Maximum

Consideration

Payable

(Rs. lakh)

Date of Filing

of Public

Notice / PA

Date of

Opening

of Offer

Date of

Closing

of Offer

1 2 3 4 5 6 7 8

1 Aro Granite

Industries Ltd.

Open Market through

Stock Exchange55 550 15-Jun-09 29-Jun-09 07-Jun-10

568


Table 1: SEBI Registered Market Intermediaries/Institutions

2005 2006 2007 2008 2009

1 2 3 4 5 6 7

Stock Exchanges (Cash Market) 22 22 21 20 20 20

Stock Exchanges (Derivatives Market) 2 2 2 2 2 2

Stock Exchanges (Currency Derivatives) -- -- -- -- 3 3

Brokers (Cash Segment)* 9,128 9,335 9,443 9,487 9,628 9,623

Corporate Brokers (Cash Segment) 3,773 3,961 4,110 4,190 4,308 4,315

Brokers (Derivative) 994 1,120 1,258 1,442 1,587 1,614

Brokers (Currency Derivatives) -- -- -- -- 1,154 1,308

Sub-brokers (Cash Segment) 13,684 23,479 27,541 44,074 60,947 67,009

Foreign Institutional Investors 685 882 996 1,319 1,626 1,668

Sub-accounts 1,889 2,488 2,922 3,964 4,967 5,171

Custodians 11 11 15 15 16 16

Depositories 2 2 2 2 2 2

Depository Participants 477 526 593 654 714 709

Merchant Bankers 128 130 152 155 134 140

Bankers to an Issue 59 60 47 50 51 52

Underwriters 59 57 45 35 19 8

Debenture Trustees 35 32 30 28 30 24

Credit Rating Agencies 4 4 4 5 5 5

133

134

Venture Capital Funds 50 80 90 106 132

Foreign Venture Capital Investors 14 39 78 97 129

Registrars to an Issue & Share Transfer Agents 83 83 82 76 71 70

Portfolio Managers 84 132 158 205 232 237

Mutual Funds 39 38 40 40 44 43

Collective Investment Schemes 0 0 0 0 1 1

Approved Intermediaries (Stock Lending Schemes) 3 3 3 2 3 3

STP (Centralised Hub) -- -- 1 1 1 1

STP Service Providers -- -- 4 2 2 2

*No. of Brokers (Cash Segment): 9,623 (including brokers on Mangalore SE (58), HSE (304), Magadh SE (197), SKSE (410)

Market Intermediaries As on March 31 As on

June 30,

2009

569


Ta

ble

2:

Cap

ital

Rai

sed

fro

m t

he

Pri

mar

y M

ark

et t

hro

ug

h P

ub

lic

and

Rig

hts

Iss

ues

(Am

ount

in

Rs.

cro

re)

No.

Am

oun

tN

o.A

mou

nt

No.

Am

oun

tN

o.A

mou

nt

No.

Am

oun

tN

o.A

mou

nt

No.

Am

oun

tN

o.A

mou

nt

No.

Am

oun

tN

o.A

mou

nt

12

34

56

78

910

1112

1314

1516

1718

1920

21

2004

-05

6028

,256

3424

,640

263,

616

3714

,507

2313

,749

642

049

23,9

680

05

3,86

70

0

2005

-06

139

27,3

8210

323

,294

364,

088

6016

,446

7910

,936

1037

212

827

,000

00

00

110

2006

-07

124

33,5

0885

29,7

9639

3,71

047

5,00

277

28,5

042

1211

932

,889

00

235

61

249

2007

-08

124

87,0

2992

54,5

1132

32,5

1839

44,4

3485

42,5

957

387

113

79,3

522

5,68

72

1,60

30

0

2008

-09

4716

,220

223,

582

2512

,637

2512

,637

212,

082

596

4014

,176

00

144

80

0

2009

-10

(Ap

r-Ju

n)

533

72

308

329

459

127

80

05

337

00

00

00

Apr

-09

00

00

00

00

00

00

00

00

00

00

May

-09

19

00

19

19

00

00

19

00

00

00

Jun-

094

328

230

82

203

501

278

00

432

80

00

00

0

Yea

r/M

onth

Tot

al

Cat

egor

y-w

ise

Issu

er-t

ype

(Eq

uit

y)In

stru

men

t-w

ise

Pu

bli

c R

igh

ts

L

iste

d

Oth

ers

At

Par

At

Pre

miu

mIP

Os

Eq

uit

ies

CC

PS

/F

CD

sB

ond

s/N

CD

s

570


Table 3 : Capital Raised from the Primary Market through Qualified Institutions' Placement (QIP)


No Amount No Amount

1 2 3 4 5

2006-07 21 4,530 25 4,963

2007-08 34 24,679 36 25,525

2008-09 2 189 1 75

2009-10 (Apr - Jun) 4 4,982 3 4,482

Apr-09 1 1,621 1 1,621

May-09 1 2,657 1 2,657

Jun-09 2 705 1 205

Source : BSE , NSE

Month NSE BSE

No Amount

6 7

25 4,963

36 25,525

2 189

4 4,982

1 1,621

1 2,657

2 705

Total*

* The same QIP issues may have been listed in both the exchanges and may not at up to the total.

571

Table 4: Industry-wise Classification of Capital Raised through Public and Rights Issues



No. Amount No. Amount No. Amount No. Amount

1 2 3 4 5 6 7 8 9

Banking/FIs 6 30,955 0 0 0 0 0 0

Cement & Construction 27 18,905 3 80 0 0 0 0

Chemical 8 661 4 218 0 0 0 0

Electronics 4 684 0 0 0 0 0 0

Engineering 5 378 0 0 0 0 0 0

Entertainment 2 403 2 1,156 0 0 0 0

Finance 7 1,773 3 1,966 0 0 0 0

Food Processing 2 100 0 0 0 0 0 0

Health Care 3 542 3 144 1 5 1 5

Information Technology 10 691 1 42 0 0 0 0

Paper & Pulp 1 35 0 0 0 0 0 0

Plastic 5 211 0 0 0 0 0 0

Power 4 13,709 2 958 0 0 0 0

Printing 0 0 0 0 0 0 0 0

Telecommunication 2 1,000 2 100 0 0 0 0

Textile 7 442 5 710 0 0 0 0

Others * 31 16,541 22 10,845 4 332 3 323

Total 124 87,029 47 16,220 5 337 4 328

* Tata Steel is included in others for the year 2007-08.

Industry2007-08 2008-09

2009-10

(Apr-Jun)Jun-09

572


Tab

le 5

: S

ecto

r-w

ise

an

d R

egio

n-w

ise

Dis

trib

uti

on

of

Ca

pit

al M

ob

ilis

ed t

hro

ug

h P

ub

lic

and

Rig

hts

Iss

ues (A

mou

nt i

n R

s. c

rore

)

No.

Am

oun

tN

o.

Am

oun

tN

o.A

mou

nt

No.

Am

oun

tN

o.A

mou

nt

No.

Am

oun

tN

o.A

mou

nt

12

34

56

78

910

1112

1314

15

2004

-05

6028

,256

5517

,162

511

,094

88,

725

720

434

17,9

5111

1,37

7

2005

-06

139

27,3

8213

120

,199

87,

183

305,

389

131,

495

5614

,963

405,

535

2006

-07

124

33,5

0812

231

,728

21,

779

283,

673

516

555

22,9

6436

6,70

6

2007

-08

124

87,0

2912

067

,311

419

,718

2216

,526

111,

093

5564

,139

365,

270

2008

-09

4716

,220

47

16,2

200

06

2,90

25

315

2111

,202

151,

800

2009

-10

(Ap

r-Ju

n)

533

75

337

00

00

00

235

330

2

Apr

-09

00

00

00

00

00

00

00

May

-09

19

19

00

00

00

00

19

Jun-

094

328

432

80

00

00

02

352

293

* Jo

int

sect

or i

ssue

s, i

f an

y, h

ave

been

clu

bbed

wit

h pr

ivat

e se

ctor

for

the

res

pect

ive

peri

od.

Yea

r/

Mon

th

Tot

al

Sec

tor-

wis

eR

egio

n-w

ise

Pri

vate

* P

ub

lic

Nor

ther

n E

aste

rnW

este

rnS

outh

ern

573

JULY SEBI BULLETIN 2009(A

mou

nt i

n R

s. c

rore

)

Tab

le 6

: S

ize-

wis

e C

lass

ific

ati

on

of

Cap

ital

Rai

sed

th

rou

gh P

ub

lic

an

d R

igh

ts I

ssu

es

No.

Am

oun

tN

o.A

mou

nt

No.

Am

oun

tN

o.A

mou

nt

No.

Am

oun

tN

o.A

mou

nt

12

34

56

78

910

1112

13

2004

-05

6028

,256

23

544

1746

111

723

2527

,025

2005

-06

139

27,3

826

204

3247

1,32

533

2,18

949

23,8

15

2006

-07

124

33,5

083

106

4540

1,12

931

2,38

644

29,9

38

2007

-08

124

87,0

294

161

633

920

251,

669

6184

,418

2008

-09

4716

,220

13

17

2150

99

1,22

215

14,4

78

2009

-10

(Ap

r-Ju

n)

533

70

02

142

450

01

278

Apr

-09

00

00

00

00

00

00

May

-09

19

00

19

00

00

00

Jun-

094

328

00

15

245

00

127

8

Yea

r/

Mon

th

³ 1

00 c

r.³

50

cr. -

< 1

00 c

r.³

10

cr. -

< 5

0 cr

.³

5cr

. - <

10c

r. <

5 c

r.T

otal

574



Table 7: Distribution of Turnover on Cash Segments of Exchanges

Stock Exchanges 2005-06 2006-07 2007-08 2008-09 2009-10

(Apr-Jun)

May-09 Jun-09

1 2 3 4 5 6 7 8

Ahmedabad 0 0 0 0 0 0 0

Bangalore 0 0 0 0 0 0 0

Bhubaneshwar 0 0 0 0 0 0 0

BSE 8,16,074 9,56,185 15,78,857 11,00,074 3,76,679 1,28,542 1,59,195

Calcutta 2,800 694 446 393 N.A. N.A. N.A.

Cochin 0 0 0 0 0 0 0

Coimbatore 0 0 0 0 0 0 0

Delhi 0 0 0 0 0 0 0

Gauhati 0 0 0 0 0 0 0

Hyderabad 89 92 0 0 0 0 0

ISE 0 0 0 0 0 0 0

Jaipur 0 0 0 0 0 0 0

Ludhiana 0 0 0 0 0 0 0

Madhya Pradesh 0 0 0 0 0 0 0

Madras 5 2 0 0 0 0 0

Magadh (Patna) 91 0 0 0 0 0 0

NSE 15,69,558 19,45,287 35,51,038 27,52,023 11,31,671 3,82,561 4,82,414

OTCEI 0.01 0 0 0 0 0 0

Pune 0 0 0 0 0 0 0

SKSE 0 0 0 0 0 0 0

Uttar Pradesh 1,486 799 475 89 5 3 3

Vadodara 0 0 0 0 0 0 0

N.A: Not AvailableSource: Various Exchanges

575


Tab

le 8

: C

ash

Seg

men

t of

BS

E

12

34

56

78

910

1112

13

2005

-06

4,78

142

7,31

125

12,

548

2,64

06,

64,4

558,

16,0

743,

251

30,9

116,

45,0

617,

90,4

46

2006

-07

4,82

160

7,56

124

92,

641

3,46

25,

60,7

779,

56,1

853,

840

27,6

185,

58,0

689,

52,0

25

2007

-08

4,88

763

7,68

125

12,

709

5,30

39,

86,0

1015

,78,

857

6,29

029

,771

9,84

,081

15,7

4,72

9

2008

-09

4,92

966

7,72

924

32,

559

5,40

87,

39,6

0011

,00,

074

4,52

720

,342

7,39

,287

10,9

9,87

1

2009

-10

(Apr

-Jun

)4,

934

678,

098

592,

703

1,67

73,

31,0

733,

76,6

796,

384

22,4

633,

31,0

723,

76,7

72

Apr

-09

4,93

066

7,77

117

2,55

746

984

,728

88,9

435,

232

18,9

6984

,734

88,9

72

May

-09

4,92

866

7,72

920

2,87

055

21,

18,2

851,

28,5

426,

427

23,2

761,

18,2

851,

28,5

79

Jun-

094,

934

678,

098

222,

703

656

1,28

,060

1,59

,195

7,23

624

,277

1,28

,053

1,59

,221

* A

t the

end

of

the

peri

od.

# B

SE S

ense

x co

mm

ence

d fr

om J

anua

ry 2

198

6.

## B

SE-1

00 I

ndex

com

men

ced

from

Apr

il 3

1984

.

Sour

ce:

BSE

Mon

th/

Yea

rN

o. o

f C

om-

pani

es

Lis

ted*

No.

of

Per

mi-

tted

*

No.

of

Scri

ps

Lis

ted

*

No.

of

Trad

ing

Day

s

No.

of

Scri

ps

Trad

ed

No.

of

Trad

es

(Lak

h)

Trad

ed

Qua

ntit

y (L

akh)

Turn

over

(R

s. c

r.)

Ave

rage

D

aily

Tu

rnov

er

(Rs.

cr.

)

Ave

rage

T

rade

Si

ze

(Rs.

)

Dem

at

Secu

riti

es T

rade

d

(Lak

h)

Dem

at

Turn

over

(R

s. c

r.)

Hig

hL

owC

lose

Hig

hL

owC

lose

1415

1617

1819

20

30,2

2,19

011

356.

9561

40.9

711

279.

9659

43.3

233

02.8

059

04.1

7

35,4

5,04

114

326.

0087

99.0

013

072.

0072

76.0

044

72.0

065

87.0

0

51,3

8,01

421

206.

7712

425.

5215

644.

4411

655.

9162

70.9

782

32.8

2

30,8

6,07

517

735.

776

97.3

997

08.5

9432

.539

49.1

349

42.5

1

47,4

9,93

415

600.

395

46.2

914

493.

8481

31.6

348

71.3

275

71.4

9

35,8

6,97

811

492.

1095

46.2

911

403.

2558

93.1

248

71.3

258

03.9

7

48,6

5,04

514

930.

5411

621.

3014

625.

2576

84.5

759

28.8

476

20.1

3

47,4

9,93

415

600.

3014

016.

9514

493.

8481

31.6

372

97.5

775

71.4

9

Mar

ket

Cap

ita-

lisat

ion

(Rs.

cr.

) *

BSE

Sen

sex

#B

SE 1

00 I

ndex

##

Com

-pa

nies

576


Tab

le 9

: C

ash

Seg

men

t of

NS

E

12

34

56

78

910

1112

1314

2005

-06

1,06

9--

929

251

928

6,08

98,

44,4

8615

,69,

558

6,25

325

,044

8,44

,486

15,6

9,55

828

,13,

201

2006

-07

1,22

8--

1,08

424

91,

114

7,84

78,

55,4

5619

,45,

287

7,81

224

,790

8,55

,456

19,4

5,28

733

,67,

350

2007

-08

1,38

1--

1,23

625

11,

244

11,7

2714

,98,

469

35,5

1,03

814

,148

30,2

8014

,98,

469

35,5

1,03

848

,58,

122

2008

-09

1,43

2--

1,29

124

31,

277

13,6

5014

,26,

355

27,5

2,02

311

,325

20,1

6114

,26,

355

27,5

2,02

328

,96,

194

2009

-10

(Apr

-Jun

)1,

426

--1,

282

591,

275

4,55

46,

87,0

3611

,31,

671

19,1

8124

,849

6,87

,036

11,3

1,67

144

,32,

596

Apr

-09

1,47

0--

1,32

917

1,28

91,

271

1,83

,156

2,66

,697

15,6

8820

,980

1,83

,156

2,66

,697

33,7

5,02

5

May

-09

1,42

5--

1,28

020

1,26

81,

483

2,29

,028

3,82

,561

19,1

2825

,791

2,29

,028

3,82

,561

45,6

4,57

2

Jun-

091,

426

--1,

282

221,

268

1,80

02,

74,8

51

4,82

,414

21

,928

26,8

072,

74,8

51

4,82

,414

44

,32,

596

* A

t the

end

of t

he p

erio

d.@

Exc

lude

s sus

pend

ed c

ompa

nies

.

# S&

P C

NX

Nift

y in

dex

com

men

ced

from

Nov

embe

r 3, 1

995.

## C

NX

Nift

y Ju

nior

com

men

ced

from

Nov

embe

r 4, 1

996.

Sour

ce:

NSE

Mon

th/

Year

No.

of

Com

-pa

nies

L

iste

d*

No.

of

Com

-pa

nies

Per-

mitt

ed*

No.

of

Com

pani

es

Avai

labl

e fo

r Tr

adin

g*@

No.

of

Trad

ing

Day

s

No.

of

Com

-pa

nies

Trad

ed

No.

of

Trad

es

(Lak

h)

Trad

ed

Qua

ntity

(L

akh)

Turn

over

(R

s.cr.)

Aver

age

Dai

ly

Turn

over

(Rs.

cr.)

Aver

age

Trad

e Si

ze (R

s.)

Dem

at

Secu

ritie

s Tr

aded

(L

akh)

Dem

at

Turn

over

(R

s. cr

.)

Mar

ket

Cap

i-ta

lisat

ion

(Rs.

cr.)

*

1516

1718

1920

3433

.85

1896

.30

3402

.55

6437

.40

3998

.80

6412

.10

4245

.00

2596

.00

3822

.00

7567

.00

4464

.00

6878

.00

6357

.10

3617

.00

4734

.50

1320

9.35

6559

.55

7975

.75

5298

.85

2252

.75

3020

.95

9541

.00

3587

.60

4336

.45

4693

.20

2965

.70

4291

.10

8169

.25

4297

.45

7794

.70

3517

.25

2965

.70

3473

.95

5466

.40

4297

.45

5281

.80

4509

.40

3478

.70

4448

.95

7544

.45

5380

.05

7474

.30

4,69

3.20

4143

.25

4291

.10

8169

.25

7326

.80

7794

.70

S&P

CN

X N

ifty

Inde

x #

CN

X N

ifty

Juni

or In

dex

##

Hig

hL

owC

lose

Hig

hL

owC

lose

577


Tab

le 1

0: T

ren

ds

in C

ash

Seg

men

t of

BS

E,

Jun

e 20

09

1 2

3 4

5 6

7 8

9 10

11

12

01-J

un-0

94,

929

667,

729

2,88

533

.46

6,95

38,

178

24,4

426,

950

8,17

849

,72,

123

02-J

un-0

94,

929

667,

732

2,88

236

.18

8,94

69,

477

26,1

948,

945

9,47

649

,61,

450

03-J

un-0

94,

931

667,

738

2,87

437

.73

8,74

69,

461

25,0

798,

745

9,46

249

,88,

087

04-J

un-0

94,

930

667,

740

2,88

736

.81

8,04

99,

175

24,9

238,

048

9,17

650

,73,

507

05-J

un-0

94,

929

667,

699

2,90

536

.92

8,32

78,

997

24,3

698,

323

8,99

750

,89,

415

08-J

un-0

94,

929

667,

699

2,87

630

.47

6,60

57,

358

24,1

446,

605

7,36

448

,93,

084

09-J

un-0

94,

929

667,

700

2,84

131

.48

6,01

38,

002

25,4

206,

014

8,00

550

,35,

235

10-J

un-0

94,

930

667,

703

2,84

432

.67

5,76

78,

340

25,5

265,

767

8,34

051

,11,

770

11-J

un-0

94,

930

667,

703

2,81

231

.71

5,55

47,

619

24,0

295,

554

7,62

050

,76,

074

12-J

un-0

94,

929

667,

703

2,80

732

.09

5,65

17,

897

24,6

125,

652

7,90

050

,09,

493

15-J

un-0

94,

931

667,

706

2,72

928

.39

4,89

17,

106

25,0

274,

891

7,10

849

,17,

970

16-J

un-0

94,

932

667,

706

2,74

729

.26

6,96

36,

892

23,5

566,

965

6,89

749

,85,

321

17-J

un-0

94,

932

667,

717

2,77

829

.42

5,41

56,

969

23,6

875,

415

6,97

148

,03,

041

18-J

un-0

94,

933

667,

718

2,71

428

.57

5,09

67,

163

25,0

725,

096

7,16

246

,78,

490

19-J

un-0

94,

933

667,

723

2,72

927

.13

5,04

25,

960

21,9

685,

040

5,96

047

,29,

546

22-J

un-0

94,

933

667,

725

2,70

323

.15

3,88

75,

144

22,2

213,

887

5,14

446

,59,

028

23-J

un-0

94,

933

667,

725

2,66

125

.09

4,05

85,

684

22,6

594,

058

5,68

346

,83,

199

24-J

un-0

94,

933

667,

725

2,68

725

.22

4,77

45,

727

22,7

064,

774

5,72

947

,39,

334

25-J

un-0

94,

933

677,

727

2,72

825

.05

4,27

65,

655

22,5

704,

274

5,65

746

,99,

431

26-J

un-0

94,

933

677,

521

2,76

024

.36

3,83

65,

541

22,7

453,

836

5,54

348

,08,

341

29-J

un-0

94,

934

678,

097

2,74

825

.13

4,21

56,

065

24,1

314,

216

6,06

648

,66,

060

30-J

un-0

94,

934

678,

098

2,70

325

.45

4,99

46,

784

26,6

574,

996

6,78

647

,49,

934

* A

t the

end

of

the

peri

od.

# S

EN

SE

X c

omm

ence

d fr

om J

anua

ry 2

, 198

6.

## B

SE

-100

Ind

ex c

omm

ence

d fr

om A

pril

3, 1

984.

Sou

rce:

BSE

No.

of

Scr

ips

Lis

ted

No.

of

Com

-p

anie

s

Per

-m

itte

d *

No.

of

Com

-p

anie

s L

iste

d*

Dat

eN

o. o

f

Scr

ips

Tra

ded

No.

of

Tra

des

(Lak

h)

Tra

ded

Qu

anti

ty

(Lak

h)

Tu

rnov

er

(Rs.

Cr.

)

Ave

rage

Tra

de

Siz

e (R

s.)

Dem

at

Sec

uri

ties

Tra

ded

(Lak

h)

Dem

at

Tu

rnov

er

(Rs.

Cr.

)

Mar

ket

Cap

i-ta

lisa

tion

(R

s. C

r.)

*

Hig

hL

owC

lose

Hig

hL

owC

lose

13

14

15

16

17

18

1490

6.81

1465

5.49

1484

0.63

7771

.10

7654

.76

7758

.94

1499

4.31

1460

8.23

1487

4.91

7839

.35

7621

.26

7759

.43

1504

6.43

1473

3.59

1487

0.90

7866

.76

7695

.00

7784

.20

1502

6.03

1459

9.43

1500

8.68

7880

.97

7669

.00

7873

.71

1525

7.30

1499

3.60

1510

3.55

8010

.79

7876

.88

7912

.56

1520

0.82

1460

4.23

1466

5.92

7967

.61

7603

.93

7636

.97

1516

1.22

1452

6.69

1512

7.00

7892

.72

7552

.87

7877

.78

1558

0.81

1516

8.18

1546

6.81

8106

.13

7948

.15

8050

.77

1556

8.74

1524

0.73

1541

1.47

8085

.25

7930

.53

8020

.79

1560

0.30

1517

4.28

1523

7.94

8131

.63

7900

.47

7928

.66

1526

1.03

1480

7.26

1487

5.52

7952

.37

7732

.91

7771

.94

1502

2.19

1462

1.97

1495

7.91

7879

.31

7645

.88

7849

.64

1499

6.39

1444

7.02

1452

2.84

7864

.28

7553

.06

7591

.08

1463

0.73

1418

8.25

1426

5.53

7627

.61

7378

.89

7435

.17

1455

9.08

1417

9.77

1452

1.89

7590

.00

7378

.70

7570

.32

1466

8.40

1426

9.77

1432

6.22

7650

.07

7432

.37

7460

.88

1439

4.19

1401

6.95

1432

4.01

7490

.82

7297

.57

7455

.82

1447

9.82

1420

7.02

1442

2.73

7553

.94

7413

.39

7532

.56

1457

8.46

1426

1.14

1434

5.62

7614

.46

7456

.25

7492

.00

1478

1.94

1437

3.57

1476

4.64

7716

.33

7523

.36

7710

.97

1495

5.55

1468

5.45

1478

5.74

7846

.36

7697

.16

7761

.93

1490

7.48

1442

0.41

1449

3.84

7826

.25

7534

.56

7571

.49

SE

NS

EX

#B

SE

-100

In

dex

##

578


Tab

le 1

1: T

ren

ds

in C

ash

Seg

men

t of

NS

E, J

un

e 20

09

Hig

hL

ow

Clo

seH

igh

Lo

wC

lose

1

2

3

4

5

6

7

8

9

10

11

1

2

13

1

4

15

01-J

un-0

91,2

83

89.6

415,0

81

24,8

77

27,7

53

15,0

81

24,8

77

46,6

4,1

37

4545.4

04450.4

04529.9

0770

8.1

07555.8

07696.1

5

02-J

un-0

91,2

87

94.3

516,9

36

25,7

21

27,2

62

16,9

36

25,7

21

46,5

1,7

24

4586.4

04451.3

04525.2

5777

4.4

57497.0

57646.4

0

03-J

un-0

91,2

90

96.5

116,9

86

26,2

73

27,2

22

16,9

86

26,2

73

46,7

5,1

49

4574.9

04478.6

04530.7

0783

6.7

57621.6

57748.9

5

04-J

un-0

91,2

90

95.7

416,7

06

26,3

58

27,5

30

16,7

06

26,3

58

47,4

5,3

34

4582.2

04453.4

54572.6

5790

2.1

57678.8

57897.2

0

05-J

un-0

91,2

88

94.4

916,2

31

26,7

76

28,3

36

16,2

31

26,7

76

47,4

4,6

61

4636.8

54561.9

54586.9

0804

9.3

07866.0

07900.7

0

08-J

un-0

91,2

89

81.7

713,0

94

21,3

07

26,0

59

13,0

94

21,3

07

45,5

2,2

03

4611

.40

4404.6

54429.9

0798

6.9

07422.4

07483.5

0

09-J

un-0

91,2

83

87.5

013,6

01

23,3

10

26,6

40

13,6

01

23,3

10

46,7

4,7

94

4562.4

54365.1

04550.9

5785

4.4

57326.8

07827.8

5

10-J

un-0

91,2

90

87.9

812,9

39

25,6

74

29,1

80

12,9

39

25,6

74

47,6

2,5

34

4688.9

54551.7

04655.2

5808

3.1

57900.2

08012.0

0

11-J

un-0

91,2

85

86.2

512,6

29

23,8

92

27,7

02

12,6

29

23,8

92

47,3

5,7

14

4679.5

54586.1

54637.7

0807

2.4

07860.6

58019.8

0

12-J

un-0

91,2

85

86.9

012,9

89

23,7

07

27,2

80

12,9

89

23,7

07

46,7

2,9

62

4693.2

04566.1

54583.4

0816

2.8

57888.6

07930.2

0

15-J

un-0

91,2

70

78.2

511

,628

20,7

69

26,5

41

11

,628

20,7

69

45,8

0,7

73

4601.0

54469.6

04484.0

08011

.50

7821.9

57885.2

5

16-J

un-0

91,2

77

80.6

411

,959

21,1

81

26,2

66

11

,959

21,1

81

46,4

2,0

49

4537.9

54405.9

54517.8

0809

2.8

57756.5

08066.2

0

17-J

un-0

91,2

78

80.5

211

,784

20,9

82

26,0

57

11

,784

20,9

82

44,7

4,5

28

4517.8

04332.8

04356.1

5811

8.4

57651.9

07703.6

0

18-J

un-0

91,2

71

81.8

611

,842

20,8

41

25,4

59

11,8

42

20,8

41

43,5

6,6

35

4375.3

04222.1

54251.4

0778

6.4

57398.6

07534.4

0

19-J

un-0

91,2

68

76.0

810,5

95

18,6

37

24,4

95

10,5

95

18,6

37

44,1

4,4

71

4326.2

04206.7

04313.6

0770

4.2

07454.3

07669.2

0

22-J

un-0

91,2

62

67.4

98,9

58

16,5

60

24,5

39

8,9

58

16,5

60

43,5

0,5

25

4352.2

54221.9

04235.2

5784

2.0

07573.4

07602.1

0

23-J

un-0

91,2

59

74.1

910,1

36

18,8

23

25,3

72

10,1

36

18,8

23

43,6

6,1

89

4267.4

54143.2

54247.0

0763

8.2

07393.3

07605.2

5

24-J

un-0

91,2

65

71.6

410,1

50

17,9

46

25,0

51

10,1

50

17,9

46

44,2

8,1

27

4307.0

04218.2

54292.9

5781

4.4

07609.4

07792.3

0

25-J

un-0

91,2

99

73.7

612,3

97

23,5

70

31,9

54

12,3

97

23,5

70

43,8

6,2

77

4337.9

54221.1

54241.8

5793

1.9

57767.7

57787.5

0

26-J

un-0

91,2

74

68.8

18,9

61

17,5

41

25,4

90

8,9

61

17,5

41

44,9

8,2

84

4383.7

54243.9

54375.5

0798

4.2

57858.0

07972.1

5

29-J

un-0

91,2

68

72.1

99,5

11

18,3

28

25,3

89

9,5

1118,3

28

45,4

2,6

62

4439.9

54350.9

04390.9

5815

8.7

57945.7

58092.8

0

30-J

un-0

91,2

56

73.0

09,7

41

19,3

39

26,4

93

9,7

41

19,3

39

44,3

2,5

96

4426.7

54267.3

54291.1

0816

9.2

57759.5

57794.7

0

* A

t th

e en

d o

f th

e per

iod.

# S

&P

CN

X N

ifty

In

dex

com

men

ced f

rom

Novem

ber

3, 1995

.

## C

NX

Nif

ty J

unio

r co

mm

ence

d f

rom

Novem

ber

4, 1996.

Sou

rce:

NSE

Dem

at

Tu

rno

ve

(Rs.

cr.

) r

Ma

rket

Ca

pi-

tali

sati

on

(R

s. c

r.)

*

S&

P C

NX

Nif

ty I

nd

ex #

CN

X N

ifty

Ju

nio

r In

dex

##

Mo

nth

/

Yea

r

No

. o

f

Sec

uri

ties

Tra

ded

No

. o

f

Tra

des

(La

kh

)

Tra

ded

Qu

an

tity

(La

kh

)

Tu

rno

ver

(Rs.

cro

re)

Av

era

ge

Tra

de

Siz

e (R

s.)

Dem

at

Sec

uri

ties

Tra

ded

(La

kh

)

579

JULY SEBI BULLETIN 2009(A

mou

nt i

n R

s. c

rore

)

Tab

le 1

2: T

urn

over

an

d M

ark

et C

apit

alis

atio

n a

t B

SE

an

d N

SE

, Ju

ne

2009

3 4

5 6

78

910

11

5,17

88,

178

24.7

263

.31

12,7

824,

357

24,8

7751

.38

17.5

1

5,69

59,

477

22.5

160

.09

12,5

654,

201

25,7

2148

.85

16.3

3

5,23

29,

461

20.9

355

.30

12,1

324,

217

26,2

7346

.18

16.0

5

5,28

29,

175

20.9

257

.57

12,5

644,

521

26,3

5847

.67

17.1

5

4,96

08,

997

22.2

555

.12

12,9

084,

329

26,7

7648

.21

16.1

7

4,38

67,

358

23.7

659

.61

10,8

243,

529

21,3

0750

.80

16.5

6

5,20

58,

002

30.7

365

.05

12,0

504,

536

23,3

1051

.70

19.4

6

5,13

48,

340

27.0

861

.56

13,1

004,

846

25,6

7451

.02

18.8

7

4,96

77,

619

25.1

765

.20

11,4

755,

568

23,8

9248

.03

23.3

1

5,10

57,

897

24.7

764

.64

11,4

015,

118

23,7

0748

.09

21.5

9

5,37

47,

106

29.7

975

.63

10,7

585,

654

20,7

6951

.80

27.2

2

4,49

26,

892

26.3

065

.18

10,8

074,

967

21,1

8151

.02

23.4

5

4,48

36,

969

29.0

064

.32

11,1

953,

988

20,9

8253

.35

19.0

0

5,11

17,

163

37.6

871

.35

11,5

424,

164

20,8

4155

.38

19.9

8

4,16

05,

960

30.9

469

.80

10,4

023,

604

18,6

3755

.81

19.3

4

3,57

05,

144

31.8

569

.41

9,10

43,

173

16,5

6054

.97

19.1

6

3,79

45,

684

32.0

966

.74

10,8

813,

293

18,8

2357

.81

17.5

0

3,63

35,

727

26.3

263

.43

9,51

23,

219

17,9

4653

.00

17.9

4

3,60

75,

655

26.6

163

.79

13,5

513,

660

23,5

7057

.49

15.5

3

3,71

15,

541

31.4

966

.98

10,0

662,

946

17,5

4157

.38

16.7

9

3,92

76,

065

24.1

264

.75

9,59

23,

414

18,3

2852

.33

18.6

3

4,89

36,

784

24.9

172

.12

9,90

23,

946

19,3

3951

.20

20.4

0

A#

= %

age

sha

re o

f S

ense

x se

curi

ties

in

tota

l B

SE

tur

nove

r

E

# =

% a

ge s

hare

of

Sen

sex

secu

riri

ties

in

tota

l B

SE

Mar

ket

Cap

ital

isat

ion

B#

= %

age

sha

re o

f B

SE

-100

Ind

ex s

ecur

itie

s in

tot

al B

SE

tur

nove

r

F

# =

% a

ge s

hare

of

BS

E-1

00 I

ndex

sec

urit

ies

in t

otal

BS

E M

arke

t C

apit

alis

atio

n

C#

= %

age

sha

re o

f S

&P

CN

X N

ifty

sec

urit

ies

in t

otal

NS

E t

urno

ver

G#

= %

age

sha

re o

f S

&P

CN

X N

ifty

sec

urit

ies

in t

otal

NS

E M

arke

t C

apit

alis

atio

n

D#

= %

age

sha

re o

f C

NX

Nif

ty J

unio

r se

curi

ties

in

tota

l N

SE

tur

nove

r

H#

= %

age

sha

re o

f C

NX

Nif

ty J

unio

r se

curi

ties

in

tota

l N

SE

Mar

ket

Cap

ital

isat

ion

CN

X

Nif

ty

Jun

ior

Tot

alC

#D

# T

otal

A#

B#

S&

P

CN

X

Nif

ty

Tu

rnov

er

BS

E N

SE

BS

E

100

1213

14

15

16

17

1819

2021

22,5

7,87

037

,74,

862

49,7

2,12

345

.41

75.9

228

,40,

562

2,03

,393

46,6

4,13

760

.90

4.36

22,5

3,67

837

,53,

713

49,6

1,45

045

.42

75.6

628

,37,

649

2,02

,079

46,5

1,72

461

.00

4.34

22,5

4,68

037

,59,

499

49,8

8,08

745

.20

75.3

728

,41,

054

2,04

,790

46,7

5,14

960

.77

4.38

22,7

3,49

238

,14,

425

50,7

3,50

744

.81

75.1

828

,67,

378

2,08

,708

47,4

5,33

460

.43

4.40

22,8

2,30

338

,34,

443

50,8

9,41

544

.84

75.3

428

,76,

313

2,08

,801

47,4

4,66

160

.62

4.40

22,1

1,77

136

,95,

854

48,9

3,08

445

.20

75.5

327

,77,

859

1,97

,776

45,5

2,20

361

.02

4.34

22,7

6,29

038

,13,

889

50,3

5,23

545

.21

75.7

428

,53,

774

2,06

,876

46,7

4,79

461

.05

4.43

23,2

8,28

738

,82,

084

51,1

1,77

045

.55

75.9

429

,19,

163

2,11

,857

47,6

2,53

461

.29

4.45

23,1

5,36

438

,55,

781

50,7

6,07

445

.61

75.9

629

,08,

016

2,12

,064

47,3

5,71

461

.41

4.48

22,8

9,16

538

,12,

579

50,0

9,49

345

.70

76.1

128

,74,

117

2,09

,693

46,7

2,96

261

.51

4.49

22,3

7,93

637

,43,

697

49,1

7,97

045

.51

76.1

228

,11,

782

2,08

,517

45,8

0,77

361

.38

4.55

22,4

7,47

337

,86,

860

49,8

5,32

145

.08

75.9

628

,32,

990

2,13

,302

46,4

2,04

961

.03

4.60

21,7

1,35

436

,45,

847

48,0

3,04

145

.21

75.9

127

,12,

983

1,95

,270

44,7

4,52

860

.63

4.36

21,2

6,44

735

,53,

354

46,7

8,49

045

.45

75.9

526

,47,

727

1,90

,981

43,5

6,63

560

.77

4.38

21,5

2,60

335

,93,

653

47,2

9,54

645

.51

75.9

826

,86,

481

1,94

,399

44,1

4,47

160

.86

4.40

21,1

4,58

635

,26,

691

46,5

9,02

845

.39

75.7

026

,37,

688

1,92

,698

43,5

0,52

560

.63

4.43

21,2

6,39

835

,49,

633

46,8

3,19

945

.40

75.8

026

,45,

076

1,92

,793

43,6

6,18

960

.58

4.42

21,4

9,07

435

,82,

639

47,3

9,33

445

.35

75.5

926

,73,

695

1,97

,534

44,2

8,12

760

.38

4.46

21,2

7,42

235

,45,

723

46,9

9,43

145

.27

75.4

526

,41,

862

1,97

,413

43,8

6,27

760

.23

4.50

21,8

0,09

036

,35,

570

48,0

8,34

145

.34

75.6

111

,87,

010

2,02

,095

44,9

8,28

426

.39

4.49

22,1

4,11

436

,79,

322

48,6

6,06

045

.50

75.6

111

,91,

202

2,05

,155

45,4

2,66

226

.22

4.52

21,7

3,72

235

,90,

511

47,4

9,93

445

.76

75.5

911

,64,

138

1,97

,599

44,3

2,59

626

.26

4.46

G#

H#

F#

S&

P C

NX

N

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C

NX

Nif

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Jun

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Tot

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100

T

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Mar

ket

Cap

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isat

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BS

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1 2

1-Ju

n-09

2,02

2

2-Ju

n-09

2,13

3

3-Ju

n-09

1,98

0

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n-09

1,92

0

5-Ju

n-09

2,00

2

8-Ju

n-09

1,74

8

9-Ju

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2,45

9

10-J

un-0

92,

258

11-J

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91,

917

12-J

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91,

956

15-J

un-0

92,

117

16-J

un-0

91,

812

17-J

un-0

92,

021

18-J

un-0

92,

699

19-J

un-0

91,

844

22-J

un-0

91,

638

23-J

un-0

91,

824

24-J

un-0

91,

507

25-J

un-0

91,

505

26-J

un-0

91,

745

29-J

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91,

463

30-J

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91,

690

Sou

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BS

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580


Table 13: Component Stocks: BSE Sensex, June 2009

Sr.

No.

Name of Security Issued

Capital

(Rs. cr.)

Free-float

Market

Capitalisation

(Rs. Crore)

Weightage

(%)

Beta R2 Daily

Volatility

(%)

Monthly

Return

(%)

Impact

Cost (%)

1 2 3 4 5 6 7 8 9 10

1 ACC LTD. 188 7,937 0.75 0.65 0.38 3.26 (1.80) 0.33

2 BHARAT HEAVY ELECTRICALS LTD. 490 37,768 3.57 0.99 0.68 3.71 1.35 0.14

3 BHARTI AIRTEL LTD. 1,898 53,293 5.04 0.86 0.61 3.39 (2.14) 0.10

4 DLF LTD. 339 13,187 1.25 1.50 0.56 6.17 (22.94) 0.11

5 GRASIM INDUSTRIES LTD. 92 15,884 1.50 0.68 0.37 3.45 9.70 0.35

6 HDFC BANK LTD. 426 53,987 5.10 0.95 0.66 3.60 3.42 0.19

7 HERO HONDA MOTORS LTD. 40 13,957 1.32 0.36 0.23 2.31 4.25 0.58

8 HINDALCO INDUSTRIES LTD 170 9,577 0.91 1.10 0.54 4.60 2.07 0.20

9 HINDUSTAN UNILEVER LTD. 218 29,115 2.75 0.38 0.27 2.25 15.58 0.26

10 HOUSING DEVELOPMENT FIN. CORPN. LTD. 285 60,062 5.68 1.21 0.71 4.43 7.30 0.17

11 ICICI BANK LTD. 1,113 80,352 7.60 1.58 0.78 5.50 (2.52) 0.08

12 INFOSYS TECHNOLOGIES LTD. 286 86,518 8.18 0.67 0.46 3.04 10.92 0.14

13 ITC LTD. 377 50,318 4.76 0.48 0.36 2.49 3.70 0.19

14 JAIPRAKASH ASSOCIATES LTD. 280 14,372 1.36 1.71 0.66 6.49 (1.18) 0.14

15 LARSEN & TOUBRO LTD. 117 82,747 7.82 1.14 0.73 4.11 11.58 0.09

16 MAHINDRA & MAHINDRA LTD 279 14,481 1.37 0.96 0.43 4.52 2.59 0.42

17 MARUTI SUZUKI INDIA LTD. 144 15,391 1.46 0.67 0.39 3.31 4.30 0.45

18 NTPC LTD. 8,245 24,124 2.28 0.68 0.49 2.96 (9.47) 0.12

19 ONGC CORPN 2,139 45,648 4.32 0.80 0.56 3.30 (9.25) 0.14

20 RELIANCE COMMUNICATIONS LTD. 1,032 20,943 1.98 1.47 0.63 5.66 (5.20) 0.11

21 RELIANCE INDUSTRIES LTD. 1,574 1,59,220 15.06 1.18 0.77 4.14 (11.16) 0.05

22 RELIANCE INFRASTRUCTURE LTD 225 17,496 1.65 1.61 0.72 5.84 (6.21) 0.11

23 STATE BANK OF INDIA 635 49,770 4.71 1.05 0.65 4.02 (6.80) 0.07

24 STERLITE INDUSTRIES. 142 17,225 1.63 1.31 0.57 5.34 (2.38) 0.17

25 SUN PHARMACEUTICAL INDUSTRIES LTD. 104 9,038 0.85 0.26 0.08 2.74 (9.82) 0.56

26 TATA CONSULTANCY SERVICES LTD. 196 19,068 1.80 0.86 0.51 3.72 11.38 0.30

27 TATA MOTORS LTD. 450 7,203 0.68 1.11 0.47 5.02 (13.53) 0.21

28 TATA POWER CO. LTD. 222 17,845 1.69 0.91 0.54 3.79 7.42 0.45

29 TATA STEEL LIMITED. 731 19,986 1.89 1.37 0.60 5.45 (3.81) 0.09

30 WIPRO LTD. 293 11,068 1.05 0.91 0.53 3.83 (1.02) 0.40

Total 10,57,578 100.00

* Volatility is the standard deviation of the daily returns for the period July 01, 2008 to June 30, 2009.

Source: BSE

Figures in parentheses are negative.

* Impact cost is calculated as the difference between actual buy price and ideal buy price, divided by ideal buy price, multiplied by 100. Hence ideal price is calculated as (best buy + best sell)/2. It is calculated for a month for the portfolio size of of Rs. 5 lakh. It is calculated for the period June 01,

2009 to June 30, 2009.

2* Beta & R are calculated for the period July 01, 2008 to June 30 , 2009. Beta measures the degree to which any portfolio of stocks is affected as 2compared to the effect on the market as a whole. The coefficient of determination (R ) measures the strength of relationship between two variables

the return on a security versus that of the market.

581


Table 14: Component Stocks : S&P CNX Nifty Index, June 2009

Sl.

No.

Name of Security Issued

Capital

(Rs. cr.)

Market

Capitalisation

(Rs. cr.)

Weightage

(%)

Beta R2 Daily

Volatility

(%)

Monthly

Return

(%)

Impact

Cost

(%)

1 2 3 4 5 6 7 8 9 10

1 ABB 42 7,900 0.68 0.87 0.49 3.15 19.58 0.132 ACC 188 7,731 0.66 0.71 0.40 3.81 -2.14 0.113 AMBUJACEM 305 7,133 0.61 0.85 0.42 3.54 -4.48 0.154 AXISBANK 360 17,245 1.48 1.30 0.62 3.58 6.84 0.105 BHARTIARTL 1,898 50,016 4.30 1.00 0.64 1.54 -2.28 0.096 BHEL 490 34,826 2.99 1.03 0.66 2.70 1.19 0.097 BPCL 362 5,557 0.48 0.49 0.18 2.33 -7.45 0.128 CAIRN 1,897 10,012 0.86 1.02 0.48 3.02 0.39 0.119 CIPLA 155 11,937 1.03 0.50 0.31 2.22 13.71 0.10

10 DLF 339 11,264 0.97 1.57 0.56 4.58 -23.54 0.1111 GAIL 1,268 12,954 1.11 0.76 0.48 1.85 -3.88 0.1112 GRASIM 92 15,853 1.36 0.77 0.42 3.43 9.90 0.1213 HCLTECH 134 3,962 0.34 1.03 0.41 4.15 11.41 0.1614 HDFC 285 58,891 5.06 1.23 0.64 2.09 7.58 0.1015 HDFCBANK 426 51,302 4.41 0.97 0.62 2.25 3.37 0.1016 HEROHONDA 40 12,569 1.08 0.46 0.26 2.04 4.52 0.1017 HINDALCO 170 9,394 0.81 1.14 0.53 4.20 2.13 0.1318 HINDUNILVR 218 27,957 2.40 0.40 0.27 1.57 15.90 0.0719 ICICIBANK 1,113 80,372 6.90 1.59 0.72 2.84 -2.43 0.1020 IDEA 3,100 11,245 0.97 1.13 0.56 3.82 -15.27 0.1321 INFOSYSTCH 286 84,978 7.30 0.69 0.42 2.05 10.68 0.0922 ITC 377 48,979 4.21 0.53 0.37 2.73 3.87 0.1223 LT 117 91,912 7.90 1.19 0.72 3.38 11.81 0.1224 M&M 279 13,646 1.17 1.06 0.46 3.14 3.34 0.1125 MARUTI 144 14,141 1.21 0.68 0.38 2.05 4.07 0.1226 NATIONALUM 644 2,534 0.22 0.90 0.32 2.75 -13.57 0.1527 NTPC 8,245 16,888 1.45 0.75 0.56 2.40 -9.45 0.0928 ONGC 2,139 36,000 3.09 0.89 0.61 2.80 -8.72 0.1229 PNB 315 9,018 0.77 0.90 0.53 3.04 1.04 0.1130 POWERGRID 4,209 6,279 0.54 0.82 0.52 2.62 -4.83 0.1131 RANBAXY 210 3,713 0.32 0.77 0.23 4.02 -12.21 0.1232 RCOM 1,032 19,514 1.68 1.52 0.66 4.18 -5.30 0.1133 RELCAPITAL 246 10,278 0.88 1.59 0.66 4.29 -4.55 0.1034 RELIANCE 1,574 1,44,002 12.37 1.23 0.77 2.96 -10.94 0.0835 RELINFRA 225 16,835 1.45 1.68 0.72 4.00 -5.92 0.1136 JINDALSTEL 15 15,894 1.37 1.18 0.52 3.60 19.15 0.1037 RPOWER 2,397 6,110 0.52 1.06 0.61 3.08 -7.41 0.1238 SAIL 4,130 8,853 0.76 1.29 0.61 3.80 -12.48 0.1239 SBIN 635 44,972 3.86 1.09 0.64 2.74 -6.61 0.0940 SIEMENS 67 7,130 0.61 1.02 0.45 3.23 -3.67 0.1641 STER 142 16,690 1.43 1.38 0.56 4.15 -2.68 0.1342 SUNPHARMA 104 8,196 0.70 0.40 0.14 3.60 -10.15 0.1143 SUZLON 300 5,935 0.51 1.61 0.52 6.79 5.98 0.1444 TATACOMM 285 3,220 0.28 0.94 0.44 3.79 1.55 0.1145 TATAMOTORS 450 6,877 0.59 1.17 0.48 4.46 -13.69 0.1246 TATAPOWER 222 17,025 1.46 0.94 0.53 2.76 7.46 0.1347 TATASTEEL 731 18,854 1.62 1.42 0.59 4.68 -3.63 0.1048 TCS 196 18,150 1.56 0.88 0.49 2.29 -44.67 0.1249 UNITECH 409 7,942 0.68 1.68 0.42 5.00 0.06 0.1350 WIPRO 293 11,451 0.01 0.92 0.50 2.13 -1.12 0.12

Total 43,300 11,64,138 100.00 1.00 -- 1.92 -3.55 0.10

Notes:

Source : NSE

2* Beta & R are calculated for the period 01-July-2008 to 30-June-2009. Beta measures the degree to which any portfolio of stocks is affected as compared 2to the effect on the market as a whole. The coefficient of determination (R ) measures the strength of relationship between two variables.

2. Volatility is the Std. deviation of the daily returns for the period 01-June-2009 to 30-June-2009. Last day of trading was 30-June-2009.

3. Impact Cost for S&P CNX Nifty is for a portfolio of Rs. 50 Lakhs. Impact Cost for S&P CNX Nifty is the weightage average impact cost.

582


(Per cent)

Table 15: Volatility* of Major Indices

Month/Year BSE Sensex BSE 100 Index Dollex-200 S&P CNX Nifty

CNX Nifty Junior

S&P CNX Defty

1 2 3 4 5 6 7

2005-06 1.03 0.98 0.99 1.04 1.13 1.44

2006-07 1.75 1.76 1.86 1.77 2.05 1.89

2007-08 1.93 2.04 2.20 2.02 2.41 2.20

2008-09 2.80 2.71 2.97 2.66 2.80 3.01

2009-10 (Apr-Jun) 2.91 2.84 3.13 2.94 2.93 3.44

Apr-09 2.12 2.16 2.54 2.18 2.55 2.53

May-09 4.20 3.96 4.08 4.15 3.51 4.79

Jun-09 1.75 1.89 2.35 1.92 2.52 2.34

* Volatility is calculated as the standard deviation of the natural log of returns in indices for the respective period.

Source: BSE, NSE.

583


(Percentage share in Turnover)

Table 16: City-wise Distribution of Turnover on Cash Segments of BSE and NSE

Source: BSE, NSE

2005-06 2006-07 2007-08 2008-09 May-09 Jun-09 2005-06 2006-07 2007-08 2008-09 May-09 Jun-09

1 2 4 5 6 8 9 10 11 13 14 15 17 18

1 Ahmedabad 2.91 3.00 3.42 4.76 5.24 5.3 3.00 2.90 3.38 5.27 7.28 7.81

2 Bangalore 0.94 0.71 0.56 0.50 0.44 0.51 1.65 1.33 0.80 0.62 0.61 0.66

3 Baroda 0.03 0.05 0.31 0.28 0.15 0.25 0.77 0.89 0.80 0.70 0.63 0.63

4 Bhubaneshwar 0.02 0.01 0.01 0.01 0.01 0 0.02 0.02 0.01 0.00 0.00 0.00

5 Chennai 0.53 0.52 0.49 0.39 0.36 0.38 2.77 2.18 1.90 1.97 1.72 1.82

6 Cochin 0.18 0.17 0.22 0.29 0.44 0.44 0.61 0.54 0.51 0.76 1.12 1.17

7 Coimbatore 0.04 0.03 0.03 0.02 0.03 0.04 0.44 0.25 0.20 0.33 0.34 0.33

8 Delhi 3.79 3.24 3.21 2.85 2.79 2.88 13.37 13.54 14.67 14.97 15.03 15.37

9 Guwahati 0.06 0.03 0.03 0.06 0.03 0.04 0.02 0.03 0.02 0.01 0.01 0.01

10 Hyderabad 0.36 0.36 0.37 0.29 0.24 0.28 1.91 1.21 1.26 1.73 1.82 1.84

11 Indore 0.53 0.54 0.56 0.60 0.5 0.53 0.83 0.78 0.65 0.49 0.56 0.57

12 Jaipur 0.77 0.73 0.75 0.86 0.86 0.92 1.15 0.88 0.74 0.56 0.47 0.54

13 Kanpur 0.34 0.37 0.36 0.33 0.35 0.37 0.21 0.17 0.10 0.07 0.05 0.05

14 Kolkata 1.38 1.08 0.97 0.79 0.57 0.59 11.39 10.59 10.96 9.24 8.70 9.16

15 Ludhiana 0.25 0.18 0.19 0.07 0.07 0.08 0.32 0.22 0.20 0.17 0.14 0.16

16 Mangalore 0.06 0.05 0.03 0.03 0.02 0.02 0.06 0.06 57.66 0.03 0.02 0.02

17 Mumbai 75.05 76.34 75.79 72.40 73.67 72.5 52.43 57.06 0.04 55.85 54.30 52.41

18 Patna 0.10 0.09 0.07 0.06 0.07 0.07 0.08 0.06 0.29 0.03 0.04 0.03

19 Pune 0.73 0.81 0.74 0.68 0.57 0.61 0.56 0.41 0.04 0.22 0.19 0.18

20 Rajkot 1.25 1.25 1.82 3.76 3 3.16 0.31 0.36 0.75 1.28 1.28 1.39

21 Others 10.68 10.44 10.07 10.96 10.57 11.04 8.10 6.54 5.01 5.70 5.70 5.84

Total 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

Sl.

No.

Stock Exchange/

City

BSE NSE

584


Table 17: Advances/Declines in Cash Segment of BSE and NSE (No. of Securities)

Apr-07 1825 1002 1.82 556 493 1.13May-07 1682 1142 1.47 510 553 0.92Jun-07 1460 1385 1.05 507 569 0.89Jul-07 1944 925 2.10 508 592 0.86Aug-07 1157 1745 0.66 544 573 0.95Sep-07 2395 524 4.57 585 549 1.07Oct-07 1185 1734 0.68 459 477 0.96Nov-07 1793 1134 1.58 576 576 1.00Dec-07 2705 249 10.86 720 460 1.57Jan-08 1714 1250 1.37 459 477 0.96Feb-08 161 2809 0.06 550 639 0.86Mar-08 193 2759 0.07 467 737 0.63Apr-08 2101 833 2.52 675 525 1.29May-08 1753 1182 1.48 495 708 0.70Jun-08 986 1584 0.62 440 769 0.57Jul-08 421 2553 0.16 607 605 1.00Aug-08 2227 743 3.00 572 644 0.89Sep-08 610 2375 0.26 435 790 0.55Oct-08 188 2715 0.07 436 795 1.13Nov-08 211 2669 0.08 483 726 0.66Dec-08 1062 1853 0.57 656 541 1.21Jan-09 2224 553 4.02 533 663 0.80Feb-09 420 2302 0.18 502 676 0.74Mar-09 793 2038 0.39 604 588 1.03Apr-09 2554 407 6.28 732 495 1.48May-09 2657 327 8.13 775 431 1.80Jun-09 2787 234 11.91 576 675 0.851-Jun-09 2224 537 4.14 1002 263 3.812-Jun-09 1615 1130 1.43 615 648 0.953-Jun-09 1950 794 2.46 883 378 2.344-Jun-09 2060 691 2.98 940 329 2.865-Jun-09 1491 1285 1.16 604 668 0.908-Jun-09 561 2205 0.25 110 1167 0.099-Jun-09 1433 1293 1.11 702 562 1.2510-Jun-09 1170 1537 0.76 575 692 0.8311-Jun-09 906 1779 0.51 409 850 0.4812-Jun-09 682 1991 0.34 224 1036 0.2215-Jun-09 707 1875 0.38 251 998 0.2516-Jun-09 1601 1005 1.59 848 398 2.1317-Jun-09 645 1988 0.32 190 1070 0.1818-Jun-09 511 2069 0.25 148 1105 0.1319-Jun-09 1255 1334 0.94 679 567 1.2022-Jun-09 1074 1477 0.73 474 744 0.6423-Jun-09 1073 1448 0.74 511 721 0.7124-Jun-09 1752 793 2.21 963 281 3.4325-Jun-09 1349 1215 1.11 625 608 1.0326-Jun-09 1660 934 1.78 877 354 2.4829-Jun-09 1629 958 1.70 837 396 2.1130-Jun-09 702 1847 0.38 210 1023 0.21

Source : BSE, NSE

585


Table 18: Trading Frequency in Cash Segment of BSE and NSE

1 2 3 4 5 6 7

Apr-07 7,591 2,567 33.82 1,104 1,088 99 May-07 7,635 2,674 35.02 1,126 1,113 99 Jun-07 7,707 2,728 35.40 1,143 1,130 99 Jul-07 7,753 2,749 35.46 1,150 1,140 99 Aug-07 7,806 2,775 35.55 1,170 1,166 100 Sep-07 7,803 2,741 35.13 1,173 1,116 95 Oct-07 7,683 2,778 36.29 1,180 1,176 100 Nov-07 7,732 2,833 36.64 1,180 1,173 99 Dec-07 7,706 2,904 37.68 1,207 1,202 100 Jan-08 7,799 2,839 36.40 1,216 1,210 100 Feb-08 7,811 2,792 35.74 1,227 1,226 100 Mar-08 7,757 2,746 35.39 1,236 1,229 99 Apr-08 7,740 2,740 35.40 1,244 1,240 100 May-08 7,867 2,771 35.22 1,252 1,246 100 Jun-08 7,885 2,716 34.45 1,262 1,256 100 Jul-08 7,913 2,701 34.13 1,272 1,267 100 Aug-08 7,702 2,758 35.81 1,278 1,274 100 Sep-08 7,685 2,699 35.12 1,278 1,275 100 Oct-08 7,705 2,599 33.73 1,282 1,277 100 Nov-08 7,737 2,414 31.20 1,286 1,282 100 Dec-08 7,727 2,565 33.20 1,283 1,282 100 Jan-09 7,784 2,520 32.37 1,286 1,281 100 Feb-09 7,779 2,481 31.89 1,284 1,280 100 Mar-09 7,729 2,559 33.11 1,291 1,283 99 Apr-09 7,771 2,557 32.90 1,329 1,289 97 May-09 7,729 2,870 37.13 1,280 1,268 99 Jun-09 8,098 2,703 33.38 1,282 1,268 99 1-Jun-09 7,729 2,885 37.332-Jun-09 7,732 2,882 37.273-Jun-09 7,738 2,874 37.144-Jun-09 7,740 2,887 37.305-Jun-09 7,699 2,905 37.738-Jun-09 7,699 2,876 37.369-Jun-09 7,700 2,841 36.9010-Jun-09 7,703 2,844 36.9211-Jun-09 7,703 2,812 36.5112-Jun-09 7,703

2,807

36.44

15-Jun-09 7,706

2,729

35.4116-Jun-09 7,706

2,747

35.65

17-Jun-09 7,717 2,778 36.0018-Jun-09 7,718

2,714

35.16

19-Jun-09 7,723

2,729

35.3422-Jun-09 7,725

2,703

34.99

23-Jun-09 7,725

2,661 34.45

24-Jun-09 7,725

2,687

34.7825-Jun-09 7,727

2,728

35.30

26-Jun-09 7,521 2,760 36.7029-Jun-09 8,097 2,748 33.9430-Jun-09 8,098

2,703

33.38

Source: BSE, NSE

% of Traded to

Listed

Companies Available

for Trading*

Companies

Traded

% of Traded to CompaniesAvailable for Trading*

Companies

*At the end of the period includes listed/permitted to trade companies but excludes suspended companies.

BSE NSE

N.A.

Month/Year

Scrips Listed* Scrips Traded

586


Table 19: Percentage Share of Top 'N' Securities/Members in Turnover in Cash Segment

(Per cent)

Month/Year

Top 5 10 25 50 100 5 10 25 50 100

1 2 3 4 5 6 7 8 9 10 11

2005-06 16.78 23.75 35.55 45.55 57.71 22.15 31.35 46.39 59.22 73.12

2006-07 15.31 23.86 40.20 55.01 70.05 18.49 28.44 48.57 66.57 82.24

2007-08 16.17 25.68 41.76 55.84 70.44 18.37 28.93 48.16 65.02 81.01

2008-09 18.54 29.55 49.02 66.00 79.62 20.48 32.58 56.36 74.66 87.69

2009-10

Apr-09 19.96 32.65 55.26 69.97 81.99 20.79 33.40 57.88 76.41 88.85

May-09 19.98 31.74 50.91 65.24 78.53 19.00 31.40 54.72 71.96 85.92

Jun-09 16.37 27.69 48.74 64.69 78.75 17.18 28.88 50.07 70.20 85.80

2005-06 14.83 24.02 39.21 54.94 72.13 14.62 25.57 38.17 52.75 68.45

2006-07 15.10 24.01 40.41 56.37 73.57 15.63 25.49 43.63 57.59 72.04

2007-08 14.38 22.77 39.46 55.74 73.56 15.03 25.82 44.78 60.35 74.39

2008-09 14.33 21.73 38.21 55.75 73.32 13.56 23.62 43.55 61.21 75.42

2009-10

Apr-09 16.40 24.33 40.40 56.64 75.04 14.65 25.22 44.37 61.08 76.04

May-09 16.22 24.72 41.05 57.46 75.60 14.69 25.22 44.36 61.27 76.14

Jun-09 16.26 24.17 40.55 56.61 74.52 14.66 24.75 43.20 59.29 74.50

Securities

Members

Source: BSE, NSE

BSE NSE

587


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3 4

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6,64

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3,00

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742,

71,2

2733

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3,00

,497

99.9

52,

70,9

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5,60

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2,29

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40.9

69,

56,1

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97,6

6031

.13

2,29

,573

99.9

52,

96,9

2099

.75

9,86

,009

3,61

,628

36.6

815

,78,

857

4,76

,196

30.1

63,

61,5

4299

.98

4,75

,809

99.9

2

7,39

,601

1,96

,630

26.5

911

,00,

074

2,30

,332

20.9

41,

96,0

9699

.73

2,30

,173

99.9

3

3,31

,073

94,0

9628

.42

3,76

,679

77,2

4120

.51

94,0

8399

.99

77,2

3510

0.00

84,7

2821

,653

25.5

688

,943

14,4

7616

.28

21,6

4299

.95

14,4

7499

.98

1,18

,285

36,8

5535

.80

1,28

,542

30,1

1623

.43

36,8

5599

.99

30,1

1599

.99

1,28

,060

35,5

8727

.79

1,59

,195

32,6

4820

.51

35,5

8799

.99

32,6

4799

.99

Shor

t

Del

iver

y

(Auc

-ti

oned

quan

tity

)

(Lak

h)

% o

f

Shor

t

Del

iver

y

to

Del

iver

y

Unr

ec-

tifi

ed B

ad

Del

iver

y

(Auc

-ti

oned

quan

tity

)

(Lak

h)

% o

f

Unr

ecti

-fi

ed B

ad

Del

iver

y

to

Del

iver

y

13

14

15

16

2,51

80.

841.

360.

00

1,31

20.

570.

460.

00

2,24

20.

620.

250.

00

740

0.38

0.07

0.00

608

0.65

0.03

0.00

800.

370.

000.

00

255

0.69

0.00

0.00

274

0.77

0.03

0.00

Mon

th/

Yea

r

No.

of

Trad

es

(Lak

h)

1 2

2005

-06

2,64

3

2006

-07

3,46

2

2007

-08

5,30

3

2008

-09

5,40

8

2009

-10

(Apr

-Jun

)1,

677

Apr

-09

469

May

-09

552

Jun-

0965

6

Sour

ce: B

SE

Fun

ds

Pay

-in

(Rs.

cr.

)

Secu

riti

es

Pay

-in

(Rs.

cr.)

Trad

e

Gua

r-an

tee

Fun

d (R

s. c

r.)*

17

18

19

73,1

562,

71,2

273,

297

85,8

682,

97,6

602,

735

1,44

,376

4,76

,196

4,39

9

84,8

412,

30,3

323,

624

28,0

0077

,241

4,47

0

4,54

814

,476

3,68

9

13,0

2630

,116

4,48

6

10,4

2632

,648

4,47

0

588


Tab

le 2

1: S

ettl

emen

t S

tati

stic

s fo

r C

ash

Seg

men

t of

NS

E

Mon

th/

Year

No.

of

Trad

es

(Lak

h)

Trad

ed

Qua

ntity

(Lak

h)

Del

iver

ed

Qua

ntity

(Lak

h)

% o

f

Del

iver

ed

Qua

ntity

to

Trad

ed

Qua

ntity

Turn

over

(Rs.

cr.)

Del

iver

ed

Valu

e (

Rs.

cr.)

% o

f

Del

iver

ed

Valu

e to

Tota

l

Turn

over

Del

iver

ed

Qua

ntity

in

Dem

at

Mod

e

(Lak

h)

% o

f

Dem

at

Del

iver

ed

Qua

ntity

to

Tota

l

Del

iver

ed

Qua

ntity

Del

iver

ed

Valu

e in

Dem

at

Mod

e (R

s. cr

.)

12

34

56

78

910

11

2005

-06

6,00

08,

18,4

382,

26,3

4627

.66

15,1

6,83

94,

07,9

7626

.90

2,26

,346

100.

004,

07,9

76

2006

-07

7,85

78,

50,5

152,

38,5

7128

.05

19,4

0,09

45,

43,5

3328

.02

2,38

,571

100.

005,

43,5

33

2007

-08

11,6

4514

,81,

229

3,66

,974

24.7

735

,19,

919

9,70

,618

27.5

83,

66,9

7410

0.00

9,70

,618

2008

-09

13,6

3914

,18,

928

3,03

,299

21.3

827

,49,

450

6,10

,498

22.2

03,

03,2

9910

0.00

6,10

,498

2009

-10

(Apr

-Jun

)4,

520

6,79

,540

1,32

,811

19.5

411

,15,

831

2,21

,149

19.8

21,

32,8

1110

0.00

2,21

,149

Apr

-09

1,26

11,

79,3

4434

,344

19.1

52,

61,3

1048

,072

18.4

034

,344

10

0.00

48,0

72

May

-09

1,44

02,

19,0

7245

,437

20.7

43,

57,9

3274

,317

20.7

645

,437

10

0.00

74,3

17

Jun-

091,

819

2,81

,124

53,0

2918

.86

4,96

,589

98,7

6119

.89

53,0

29

100.

0098

,761

Sour

ce:

NSE

% o

f

Dem

at

Del

iver

ed

Valu

e to

Tota

l

Del

iver

ed

Valu

e

Shor

t

Del

iver

y

(Auc

tione

d

quan

tity)

(Lak

h)

% o

f Sho

rt

Del

iver

y to

Del

iver

y

Unr

ectif

ied

Bad

Del

iver

y

(Auc

tione

d

quan

tity)

(Lak

h)

% o

f

Unr

ectif

ied

Bad

Del

iver

y to

Del

iver

y

Fund

s Pay

-

in (R

s.cr.)

Secu

ritie

s

Pay-

in

(Rs.

cr.)

Sett

lem

ent

Gua

rant

ee

Fund

(R

s. cr

.)*

1213

1415

1617

1819

100.

0089

40.

390.

000.

001,

31,4

264,

07,9

76N

.A.

100.

0076

90.

320.

000.

001,

73,1

885,

43,9

50N

.A

100.

0099

70.

270.

000.

003,

09,5

439,

70,6

18N

.A

100.

0062

50.

210.

000.

002,

20,7

046,

10,4

98N

.A

100.

0026

20.

200.

000.

0071

,120

2,21

,149

N.A

100.

0068

0.20

0.00

0.00

16,2

6948

,072

N.A

100.

0011

30.

250.

000.

0025

,219

74,3

17N

.A

100.

0081

0.15

0.00

0.00

29,6

3298

,761

N.A

589


Tab

le 2

2: D

eriv

ativ

es S

egm

ent

at

BS

E

No.

of

Con

trac

ts

Tu

rnov

er

(Rs.

cr.

)N

o. o

f C

ontr

acts

T

urn

-ov

er

(Rs.

cr.

)

No.

of

No.

of

No.

of

No.

of

Con

-tr

acts

Not

i-on

al

Tu

rn-

over

(R

s. c

r.)

1 2

3 4

5 6

7 8

9 10

11

1213

14

2005

-06

251

895

121

100

30

02

00

0

2006

-07

250

16,3

8,77

955

,491

1,42

,433

3,51

52

00

05

01

0

2007

-08

251

71,5

7,07

82,

34,6

602,

95,1

177,

609

951

3121

08

90

60

2008

-09

243

5,14

,915

12,2

5030

09

251

612

23

00

00

2009

-10

(Apr

-Jun

)59

153

36

035

27

00

00

00

Apr

-09

1711

32

00

00

00

00

00

May

-09

2039

12

035

27

00

00

00

Jun-

0922

10

40

00

00

00

00

Not

e: 1

. Not

iona

l Tur

nove

r =

(S

trik

e P

rice

+ P

rem

ium

) *

Qua

ntit

y.

2. I

ndex

Fut

ures

, Ind

ex O

ptio

ns, S

tock

Opt

ions

and

Sto

ck F

utur

es w

ere

intr

oduc

ed i

n Ju

ne 2

000,

Jun

e 20

01, J

uly

2001

and

Nov

embe

r 20

01, r

espe

ctiv

ely.

Sou

rce:

BSE

Ind

ex O

pti

ons

Sto

ck O

pti

ons

Cal

lP

ut

Cal

lP

ut

Mon

th/

Yea

rN

o. o

f T

rad

-in

g D

ays

Ind

ex F

utu

res

Sto

ck F

utu

res

No.

of

Con

trac

ts

Tu

rnov

er

(Rs.

cr.

)N

o. o

f C

on-

trac

ts

Tu

rn-

over

(R

s. c

r.)

15

1617

18

103

60

0

15,4

5,16

959

,006

408

13

74,5

3,37

12,

42,3

093,

175

74

5,15

,588

12,2

6822

0

511

101

0.02

113

22

0.03

393

80

0.00

50

10.

02

Tot

alO

pen

In

tere

st

at t

he

end

of

Con

-tr

acts

C

on-

trac

ts

Con

-tr

acts

Not

i-on

al

Tu

rn-

over

(R

s. c

r.)

Not

i-on

al

Tu

rn-

over

(R

s. c

r.)

Not

i-on

al

Tu

rn-

over

(R

s. c

r.)

590


Tab

le 2

3: D

eriv

ati

ves

Seg

men

t at

NS

E

No.

of

Con

trac

ts

Not

iona

l Tu

rnov

er

(Rs.

cr.)

No.

of

Con

trac

ts

Not

iona

l Tu

rnov

er

(Rs.

cr.)

No.

of

Con

trac

ts

Tur

nove

r (R

s. cr

.)N

o. o

f C

ontr

acts

Tu

rnov

er

(Rs.

cr.)

13

1415

16

17

1819

20

41,6

5,99

61,

43,7

5210

,74,

780

36,5

1815

,76,

19,2

7148

,24,

250

10,2

8,00

338

,469

43,9

4,29

21,

61,9

028,

89,0

1831

,909

21,6

8,83

,573

73,5

6,27

117

,91,

549

38,6

70

80,0

2,71

33,

08,4

4314

,57,

918

50,6

9342

,50,

13,2

001,

30,9

0,47

822

,82,

671

48,9

00

97,6

2,96

81,

71,8

4335

,33,

002

57,3

84.0

465

,73,

90,4

971,

10,1

0,48

232

,27,

759

57,7

05

17,6

1,92

787

,698

5,72

,623

24,6

42.6

215

,69,

04,0

2939

,02,

595

25,2

7,29

558

,987

5,58

,380

22,1

682,

48,9

439,

259.

135,

62,1

0,31

711

,43,

362

27,5

3,06

957

,076

4,85

,011

24,1

851,

59,2

696,

983.

104,

82,8

5,51

512

,27,

252

23,0

5,33

064

,823

7,18

,536

41,3

451,

64,4

118,

400.

395,

24,0

8,19

715

,31,

980

25,2

7,29

558

,987

Tota

lO

pen

Inte

rest

at t

he

end

ofC

all

Put

Stoc

k O

ptio

ns

No.

of

Con

trac

ts

Turn

over

(R

s. cr

.)N

o. o

f C

ontr

acts

Tu

rnov

er

(Rs.

cr.)

No.

of

Con

trac

ts

Turn

ove

r (R

s. cr

.)

No.

of

Con

trac

ts

Not

iona

l Tu

rnov

er

(Rs.

cr.)

No.

of

Con

trac

ts

Not

iona

l Tu

rnov

er

(Rs.

cr.)

1 2

3 4

5 6

7 8

9 10

11

12

2005

-06

251

5,85

,37,

886

15,1

3,79

18,

09,0

5,49

327

,91,

721

00

64,1

3,46

71,

68,6

3265

,21,

649

1,69

,837

2006

-07

249

8,14

,87,

424

25,3

9,57

510

,49,

55,4

0138

,30,

972

00

1,26

,32,

349

3,98

,219

1,25

,25,

089

3,93

,693

2007

-08

251

15,6

5,98

,579

38,2

0,66

720

,35,

87,9

5275

,48,

563

00

2,66

,67,

882

6,68

,816

2,86

,98,

156

6,93

,295

2008

-09

243

21,0

4,28

,103

35,7

0,11

122

,15,

77,9

8034

,79,

642

----

11,0

4,31

,974

20,0

2,54

410

,16,

56,4

7017

,28,

957

2009

-10

(Apr

-Jun

)59

5,14

,87,

857

9,66

,113

3,05

,14,

469

13,9

4,19

5--

--3,

75,7

3,68

97,

71,1

823,

49,9

3,46

46,

58,7

64

Apr

-09

171,

86,6

2,38

23,

01,7

6498

,58,

642

3,56

,383

----

1,36

,87,

468

2,40

,150

1,31

,94,

502

2,13

,639

May

-09

201,

66,1

7,51

63,

17,4

1595

,28,

178

4,48

,155

----

1,11

,96,

349

2,35

,522

1,02

,99,

192

1,94

,993

Jun-

0922

1,62

,07,

959

3,46

,934

1,11

,27,

649

5,89

,657

----

1,26

,89,

872

2,95

,511

1,14

,99,

770

2,50

,133

Not

e:N

otio

nal V

alue

of O

utsta

ndin

g Co

ntra

cts f

or F

UTS

TK -

Ope

n In

tere

st *

Clos

e pr

ice

of st

ock

futu

reN

otio

nal V

alue

of O

utsta

ndin

g Co

ntra

cts f

or O

PTID

X -

Ope

n In

tere

st *

Clos

e pr

ice

S&P

CNX

Nift

yN

otio

nal V

alue

of O

utsta

ndin

g Co

ntra

cts f

or O

PTST

K -

Ope

n In

tere

st *

Clos

e pr

ice

of U

nder

lyin

g se

curit

yN

otio

nal T

urno

ver =

(Stri

ke P

rice

+ Pr

emiu

m) *

Qua

ntity

.So

urce

: NS

E

Cal

lPu

t

Mon

th/

Year

No.

of

Trad

-in

g D

ays

Inde

x Fu

ture

sSt

ock

Futu

res

Inte

rest

Rat

e Fu

ture

s

Inde

x O

ptio

ns

591


Tab

le 2

4: D

eriv

ativ

es T

rad

ing

at N

SE

, Ju

ne

2009

(Rs.

cror

e)

12

3 4

5 6

78

9 10

11

01-J

un-0

95,

52,0

6411

,860

4,54

,214

26,0

300

04,

63,8

5111

,187

3,58

,282

7,73

8

02-J

un-0

96,

37,1

9913

,770

4,77

,559

27,4

580

05,

00,6

8212

,023

3,89

,484

8,41

1

03-J

un-0

96,

32,2

5613

,634

4,91

,236

28,9

130

04,

83,5

5011

,677

3,97

,652

8,70

4

04-J

un-0

96,

70,0

0714

,488

4,90

,752

29,6

510

04,

63,7

5211

,141

4,29

,426

9,40

3

05-J

un-0

96,

61,2

1014

,604

4,75

,756

29,4

410

04,

24,8

7010

,268

4,34

,553

9,61

4

08-J

un-0

97,

25,7

4315

,691

4,18

,551

24,9

560

04,

91,7

6811

,753

5,12

,509

11,3

76

09-J

un-0

97,

18,6

1315

,514

4,44

,679

26,4

070

05,

52,0

3713

,086

5,46

,581

12,0

02

10-J

un-0

96,

96,1

2215

,517

4,83

,098

28,8

980

05,

37,1

8313

,095

6,06

,758

13,5

83

11-J

un-0

96,

20,4

7913

,800

4,52

,149

27,0

980

04,

28,9

2810

,434

4,40

,185

9,89

9

12-J

un-0

97,

81,8

7117

,244

4,63

,465

28,4

020

05,

85,8

8114

,168

5,66

,478

12,8

09

15-J

un-0

96,

95,1

7815

,194

4,17

,816

25,0

530

05,

66,2

0213

,479

5,34

,524

11,9

47

16-J

un-0

96,

50,2

5014

,214

4,45

,141

26,7

810

05,

95,5

9914

,023

4,98

,039

11,0

44

17-J

un-0

98,

01,2

9617

,198

4,76

,496

28,0

440

07,

44,8

3217

,366

6,38

,172

14,1

00

18-J

un-0

98,

76,2

2618

,335

4,78

,366

26,5

300

08,

53,3

2119

,388

7,71

,236

16,7

11

19-J

un-0

98,

88,2

8818

,535

4,54

,913

25,0

440

08,

42,4

6318

,933

6,82

,395

14,6

06

22-J

un-0

97,

79,1

3616

,447

4,69

,049

25,6

620

06,

53,0

2314

,561

5,92

,799

12,6

77

23-J

un-0

99,

42,5

0719

,451

5,62

,418

30,2

450

08,

04,9

0717

,676

7,17

,767

15,1

28

24-J

un-0

98,

31,3

5417

,417

6,24

,472

34,1

180

07,

02,9

0015

,457

6,46

,286

13,6

55

25-J

un-0

910

,28,

417

21,6

286,

52,9

9136

,098

00

8,28

,262

18,3

688,

02,0

9717

,159

26-J

un-0

96,

73,9

7013

,972

5,97

,697

17,3

770

03,

83,8

108,

942

3,15

,089

6,58

0

29-J

un-0

95,

85,9

2112

,443

6,37

,875

18,6

970

04,

04,7

999,

590

2,66

,261

5,60

8

30-J

un-0

97,

59,8

5215

,978

6,58

,956

18,7

540

03,

77,2

528,

894

3,53

,197

7,37

9

Tu

rnov

er

(Rs.

cr

ores

.)

No.

of

Con

trac

tsT

urn

over

(R

s.

cror

es.)

P

uts

No.

of

Con

trac

ts T

urn

over

(R

s.

cror

es.)

No.

of

Con

trac

ts T

urn

over

(R

s.

cror

es.)

No.

of

Con

trac

ts T

urn

over

(R

s.

cror

es.)

No.

of

Con

trac

ts

Dat

eIn

dex

Fu

ture

s S

tock

Fu

ture

sIn

tere

st R

ate

Fu

ture

s

Ind

ex O

pti

ons

C

alls

12

1314

15

16

17

18

19

24,4

921,

430

4,67

423

918

,57,

577

58,4

8424

,16,

868

69,2

65

26,1

331,

660

5,44

530

420

,36,

502

63,6

2524

,65,

336

70,9

86

28,7

181,

708

9,53

452

920

,42,

946

65,1

6525

,78,

280

74,4

78

30,6

121,

926

6,07

332

420

,90,

622

66,9

3326

,50,

509

77,8

14

27,5

521,

724

5,45

928

620

,29,

400

65,9

3827

,16,

794

79,1

95

27,7

361,

758

6,26

934

221

,82,

576

65,8

7727

,84,

466

77,4

63

31,6

891,

954

5,76

831

122

,99,

367

69,2

7428

,24,

155

81,6

79

31,9

881,

886

7,51

338

023

,62,

662

73,3

6029

,16,

344

85,5

42

33,0

701,

925

6,08

330

819

,80,

894

63,4

6429

,58,

479

86,7

40

38,3

972,

394

8,00

943

624

,44,

101

75,4

5229

,77,

948

85,7

88

44,3

912,

912

9,19

652

422

,67,

307

69,1

0930

,27,

873

85,6

69

35,2

142,

315

6,20

336

122

,30,

446

68,7

3831

,22,

152

89,6

53

36,9

452,

360

7,27

240

327

,05,

013

79,4

7031

,84,

140

86,9

49

37,9

322,

329

12,0

5064

430

,29,

131

83,9

3732

,84,

851

87,1

54

34,1

192,

031

8,86

344

929

,11,

041

79,5

9832

,77,

080

88,9

93

29,2

661,

764

9,21

049

025

,32,

483

71,6

0133

,26,

671

88,2

32

35,5

632,

065

9,37

350

730

,72,

535

85,0

7334

,04,

770

90,9

30

31,4

651,

872

7,62

542

128

,44,

102

82,9

4034

,75,

448

94,2

08

36,0

442,

080

11,0

6459

433

,58,

875

95,9

2817

,77,

233

49,8

65

30,3

891,

044

5,15

315

620

,06,

108

48,0

7223

,22,

074

55,8

40

32,2

741,

082

5,86

316

919

,32,

993

47,5

8924

,06,

417

58,1

66

34,5

471,

124

7,71

222

221

,91,

516

52,3

5325

,27,

295

58,9

87

Tu

rnov

er

(Rs.

cr

ores

.)

No.

of

con

trac

tsV

alu

e (R

s.

cror

es.)

Tu

rnov

er

(Rs.

cr

ores

.)

No.

of

C

ontr

acts

Tu

rnov

er

(Rs.

cr

ores

.)

No.

of

C

ontr

acts

N

o. o

f C

ontr

acts

C

alls

P

uts

Sto

ck O

pti

ons

Tot

al T

urn

over

Op

en I

nte

rest

at

the

end

of

the

day

Not

iona

l Val

ue o

f O

utst

andi

ng C

ontr

acts

for

OP

TS

TK

- O

pen

Inte

rest

* C

lose

pri

ce o

f U

nder

lyin

g se

curi

ty.

Not

iona

l Val

ue o

f O

utst

andi

ng C

ontr

acts

for

OP

TID

X -

Ope

n In

tere

st *

Clo

se p

rice

S&

P C

NX

Nif

ty.

Not

iona

l Tur

nove

r =

(S

trik

e P

rice

+ P

rem

ium

) *

Qua

ntit

y.

Inde

x F

utur

es, I

ndex

Opt

ions

, Sto

ck O

ptio

ns a

nd S

tock

Fut

ures

wer

e in

trod

uced

in J

une

2000

, Jun

e 20

01, J

uly

2001

and

Nov

embe

r 20

01, r

espe

ctiv

ely.

Ope

n in

tere

st v

alue

is c

ompu

ted

as U

nder

lyin

g cl

ose

pric

e*Q

uant

ity.

Sou

rce:

NSE

592


Tab

le 2

5: S

ettl

emen

t S

tati

stic

s in

Der

iva

tiv

es S

egm

ent

at B

SE

an

d N

SE

(Am

ount

in

Rs.

cror

e)

MT

M

Set

tlem

ent

Fin

al

Set

tlem

ent

Pre

miu

m

Set

tlem

ent

Exe

rcis

e

Set

tlem

ent

MT

M

Set

tlem

ent

Fin

al

Set

tlem

ent

Pre

miu

m

Set

tlem

ent

Exe

rcis

e

Set

tlem

ent

1 2

3 4

5 6

7 8

9 10

11

12

13

2005

-06

00

00

044

25,5

8659

81,

521

818

28,5

22N

.A.

2006

-07

00

00

00

61,3

1479

83,

194

1,18

966

,494

N.A

.

2007

-08

420

100

043

11,

942

1,44

,655

1,31

26,

760

3,79

21,

56,5

19N

.A.

2008

-09

110

30

011

31,

359

75,1

941,

498

10,9

604,

188

91,8

40N

.A.

2009

-10

(Ap

r-Ju

n)

00

00

022

619

,634

572

3,15

02,

137

25,4

93N

.A.

Apr

-09

00

00

080

4,85

627

494

549

56,

568

N.A

.

May

-09

00

00

074

7,81

814

11,

289

1,06

910

,317

N.A

.

Jun-

090

00

00

726,

961

158

916

573

8,60

7N

.A.

Sou

rce:

BSE

, NSE

* in

clud

es m

embe

rs c

olla

tera

l an

d S

ettl

emen

t G

uara

ntee

Fun

d

Ind

ex/

Sto

ck O

pti

ons

Tot

al

Set

tlem

ent

Gu

ran

tee

Fu

nd

*(S

GF

)

* B

alan

ces

at t

he e

nd o

f th

e pe

riod

Mon

th/

Yea

r

BS

EN

SE

Ind

ex/

Sto

ck F

utu

res

Ind

ex/

Sto

ck O

pti

ons

Tot

al

Set

tlem

ent

Gu

ran

tee

Fu

nd

*

Ind

ex/

Sto

ck F

utu

res

593


Tab

le 2

6:

Tre

nd

s in

Tra

din

g i

n t

he

Corp

ora

te D

ebt

Mark

et

No.

of

Tra

des

Tra

ded

Val

ue

(Rs.

cro

re)

No.

of

Tra

des

Tra

ded

Val

ue

(Rs.

cro

re)

No.

of

Tra

des

Tra

ded

Val

ue

(Rs.

cro

re)

No.

of

Tra

des

Tra

ded

Val

ue

(Rs.

cro

re)

12

3 4

56

78

9

2007

-08

27,6

9741

,187

3,78

931

,453

4,08

923

,479

32,2

1775

,737

2008

-09

4,17

,376

38,0

584,

967

50,0

298,

545

50,9

114,

30,8

881,

38,9

98

2009

-10

(Ap

r-Ju

n)

1,14

,358

8,87

73,

159

36,4

382,

919

25,8

301,

20,4

3671

,145

Apr

-09

34,9

202,

789

1,30

617

,112

1,02

511

,692

37,2

5131

,593

May

-09

39,9

542,

923

1,07

710

,688

933

7,07

241

,964

20,6

84

Jun-

0939

,484

3,16

577

68,

637

961

7,06

641

,221

18,8

68

Not

e: D

ata

is a

ggre

gati

on o

f tr

ansa

ctio

ns i

n tr

adin

g an

d re

port

ing

plat

form

.S

ourc

e: B

SE, N

SE a

nd S

EB

I

Tot

alM

onth

/Yea

rB

SE

NS

EF

IMM

DA

594


Tab

le 2

7: T

rad

ing

Sta

tist

ics

of

Cu

rren

cy D

eriv

ativ

es S

egm

ent

No.

of

Con

-tr

acts

Tra

ded

V

alu

e

(Rs.

Cr.

)

No.

of

Con

trac

ts

Tra

ded

V

alu

e

(Rs.

Cr.

)

No.

of

Con

trac

ts

Tra

ded

V

alu

e

(Rs.

Cr.

)

12

34

56

78

910

1112

1314

1516

2008

-09

(Aug

-Mar

)1,

82,4

6986

8.76

-0

03,

27,3

8,56

61,

62,5

631,

169.

522,

57,5

541,

312.

982,

98,4

7,56

91,

48,8

261,

305.

491,

94,2

6598

9.82

2009

-10

(Ap

r-Ju

n)

80

-0

03,

72,5

8,47

71,

81,1

803,

123.

792,

67,4

001,

285

3,37

,98,

766

1,64

,312

8,37

9.82

1,93

,771

931.

47

Apr

-09

20.

010

00

78,5

1,50

239

,386

2,46

1.61

2,06

,620

1,03

8.65

75,4

7,12

837

,858

2,36

6.13

1,05

,957

532.

43

May

-09

60.

030

00

1,36

,82,

468

66,4

313,

321.

573,

18,2

031,

504.

311,

20,5

3,55

158

,469

2,92

3.46

2,08

,805

986.

79

Jun-

090

0.00

00

01,

57,2

4,50

775

,363

3,42

5.58

2,67

,400

1,28

5.14

1,41

,98,

087

67,9

853,

090.

221,

93,7

7193

1.47

* T

radi

ng in

Cur

renc

y F

utur

es c

omm

ence

d on

29t

h A

ugus

t 200

8 at

NSE

Sou

rce:

BSE

, NSE

, MC

X-S

X

Avg

Dai

ly

Tra

din

g

Val

ue

(Rs.

Cr)

Op

en I

nte

rest

at

th

e en

d o

f

Avg

Dai

ly

Tra

din

g

Val

ue

(Rs.

Cr)

Op

en I

nte

rest

at

the

end

of

No.

of

Con

trac

ts

Tra

ded

Val

ue

(Rs.

Cr)

Mon

th/

Yea

r

BS

EN

SE

MC

X-S

X

No.

of

Con

trac

ts

Tra

ded

Val

ue

(Rs.

Cr)

Avg

Dai

ly

Tra

din

g

Val

ue

(Rs.

Cr)

Op

en I

nte

rest

at

th

e en

d o

f

No.

of

Con

trac

ts

Tra

ded

Val

ue

(Rs.

Cr)

595


Tab

le 2

8:

Ju

ne

Da

ily

Tre

nd

s of

Cu

rren

cy D

eriv

ativ

es T

rad

ing

du

rin

g 2

00

9

No.

of

Tra

ded

Val

ue

(Rs.

Cr.

)

No.

of

Con

trac

ts

Tra

ded

Val

ue

(Rs.

Cr.

)

No.

of

Con

trac

ts

Tra

ded

Val

ue

(Rs.

Cr.

)

12

34

56

78

910

1112

13

01-J

un-0

90

0.00

00.

005,

86,8

912,

763

3,27

,266

1,54

2.04

5,86

,442

2,76

1.14

2,12

,586

1,00

1.33

02-J

un-0

90

0.00

00.

006,

85,3

643,

237

3,50

,956

1,65

5.38

6,44

,090

3,04

1.96

2,29

,021

1,07

9.77

03-J

un-0

90

0.00

00.

007,

36,0

793,

461

3,49

,665

1,64

7.75

7,13

,776

3,35

5.34

2,14

,455

1,01

0.43

04-J

un-0

90

0.00

00.

005,

99,9

942,

837

3,77

,017

1,78

3.26

6,06

,726

2,86

8.63

2,19

,451

1,03

7.78

05-J

un-0

90

0.00

00.

004,

57,1

152,

158

3,73

,378

1,76

4.42

4,47

,927

2,11

4.24

2,07

,749

981.

55

08-J

un-0

90

0.00

00.

006,

63,8

013,

158

3,44

,539

1,64

5.15

6,

55,4

913,

119.

43

1,

86,3

7388

9.96

09-J

un-0

90

0.00

00.

007,

40,2

233,

527

3,56

,040

1,69

6.60

7,

44,5

883,

547.

88

1,

98,9

9294

7.99

10-J

un-0

90

0.00

00.

005,

54,7

352,

628

3,68

,311

1,74

6.10

5,

23,8

242,

480.

82

2,

20,0

711,

042.

78

11-J

un-0

90

0.00

00.

006,

77,0

513,

221

3,78

,685

1,80

6.30

6,

55,8

263,

119.

31

2,

24,0

011,

068.

19

12-J

un-0

90

0.00

00.

006,

88,0

383,

274

3,21

,959

1,53

5.85

6,

51,2

093,

098.

47

2,

09,8

421,

000.

62

15-J

un-0

90

0.00

00.

007,

29,8

983,

499

3,54

,825

1,70

0.23

6,

89,3

193,

304.

40

2,

28,5

701,

095.

00

16-J

un-0

90

0.00

00.

006,

27,6

703,

004

3,45

,450

1,65

3.84

6,04

,082

2,89

0.93

2,24

,104

1,07

2.72

17-J

un-0

90

0.00

00.

007,

47,8

713,

593

3,67

,727

1,77

3.19

6,90

,912

3,31

8.65

2,32

,655

1,12

1.41

18-J

un-0

90

0.00

00.

007,

66,7

093,

697

3,58

,271

1,73

1.88

7,34

,613

3,54

1.33

2,22

,157

1,07

3.42

19-J

un-0

90

0.00

00.

006,

46,9

973,

118

3,55

,572

1,71

2.94

5,41

,001

2,60

6.66

2,19

,252

1,05

5.85

22-J

un-0

90

0.00

00.

0010

,97,

093

5,31

9

3,81

,986

1,86

0.44

7,62

,038

3,69

3.79

2,32

,169

1,13

0.08

23-J

un-0

90

0.00

00.

008,

84,9

064,

318

3,74

,016

1,81

9.26

7,11

,864

3,47

2.98

2,37

,975

1,15

6.92

24-J

un-0

90

0.00

00.

008,

03,1

273,

896

3,92

,581

1,90

8.77

6,35

,546

3,08

3.24

2,55

,760

1,24

2.81

25-J

un-0

90

0.00

00.

007,

46,7

643,

630

4,08

,710

1,99

2.16

6,30

,545

3,06

4.60

2,62

,834

1,28

0.19

26-J

un-0

90

0.00

00.

007,

92,7

883,

846

2,93

,126

1,41

5.97

6,86

,823

3,33

1.58

2,43

,508

1,17

8.22

29-J

un-0

90

0.00

00.

006,

70,8

733,

238

2,86

,137

1,38

0.64

6,00

,461

2,89

8.07

1,64

,329

792.

89

30-J

un-0

90

0.00

00.

008,

20,5

203,

942

2,67

,400

1,28

5.14

6,80

,984

3,27

1.49

1,93

,771

931.

47

* O

pen i

nter

est

incl

ude

s Ju

ne

200

9 co

ntra

ct w

hich

exp

ired

at

12.0

0 noo

n on

June

26, 2

009.

Sou

rce:

BSE

, NSE

, MC

X

Mon

th/

Yea

r

(Day

wis

e)

BS

EN

SE

MC

X

No.

of

Con

-tr

acts

Tra

ded

Tra

ded

Val

ue

(Rs.

Cr)

Op

en I

nte

rest

at t

he

end

of

No.

of

Con

trac

ts

Tra

ded

Tra

ded

Val

ue

(Rs.

Cr)

Op

en I

nte

rest

at t

he

end

of

No.

of

Con

trac

ts

Tra

ded

Tra

ded

Val

ue

(Rs.

Cr)

Op

en I

nte

rest

at t

he

end

of

Con

-tr

acts

596


Tab

le 2

9: S

ettl

emen

t S

tati

stic

s o

f C

urr

ency

Der

ivat

ives

Seg

men

t

(Am

ount

in

Rs.

cro

re)

2008

-09

(Au

g-M

ar)

6.96

0.18

361.

805.

5723

7.21

5.21

2009

-10

(Ap

r-Ju

n)

0.00

0.00

203.

015.

7513

9.43

4.77

Apr

-09

0.00

0.00

41.7

51.

5736

.67

1.38

May

-09

0.00

0.00

83.2

82.

9458

.66

2.16

Jun-

090.

000.

0077

.98

1.24

44.1

01.

23

* T

radi

ng i

n C

urre

ncy

Fut

ures

com

men

ced

on 2

9th

Aug

ust

2008

at

NSE

Sou

rce:

BSE

, N

SE, M

CX

Cu

rren

cy F

utu

res

MT

M S

ettl

emen

tF

inal

Set

tlem

ent

MT

M S

ettl

emen

t

Not

e: T

he T

radi

ng V

olum

e/T

urno

ver

for

the

mon

th i

s fr

om 1

st t

radi

ng d

ay t

o th

e la

st t

radi

ng t

radi

ng d

ay o

f th

e m

onth

irr

espe

ctiv

e of

the

nea

r

Fin

al S

ettl

emen

tM

TM

Set

tlem

ent

Fin

al S

ettl

emen

t

Mon

th/Y

ear

BS

EN

SE

MC

X

Cu

rren

cy F

utu

res

Cu

rren

cy F

utu

res

597


Table 30: Trends in Foreign Institutional Investment

Period Gross

Purchases

(Rs. cr.)

Gross

Sales

(Rs. cr.)

Net Investment

(Rs. cr.)

Net Investment

(US $ mn.)

Cumulative Net

Investment

(US $ mn.)

1 2 3 4 5 6

2004-05 2,16,951 1,71,071 45,880 10,352 36,293

2005-06 3,46,976 3,05,509 41,467 9,363 45,657

2006-07 5,20,506 4,89,665 30,841 6,821 52,477

2007-08 9,48,018 8,81,839 66,179 16,442 68,919

2008-09 6,14,579 6,60,389 -45,811 -9,837 59,081

2009-10 (Apr-Jun) 2,07,053 1,75,751 31,303 6,427 64,594

Apr-09 49,715 40,716 8,999 1,791 59,958

May-09 81,266 63,861 17,406 3,577 63,535

Jun-09 76,073 71,174 4,898 1,059 64,594

Discrepancies in total figures, if any, are due to rounding off.

"Note: The data pertains to all the activities undertaken by FIIs in Indian Securities Market, including trades done in secondary market, primary market and activities involved in right/bonus issues, private placement, merger & acquisition, etc."

The data presented above is compiled on the basis of reports submitted to SEBI by custodians on June 30, 2009 and constitutes trades conducted by FIIs on and upto the previous trading day(s).

598


Tab

le 3

1: D

ail

y T

ren

ds

in F

orei

gn I

nst

itu

tio

na

l In

ves

tmen

t d

uri

ng

200

9J

un

e

12

34

56

78

910

1112

1314

01

-Jun-

09

5,9

79.3

5,1

45

.18

34

.21

76.4

79.

00

.07

9.0

16.

76,

058

.35

,145

.19

13.2

193.

1R

s.47

.29

02

-Jun-

09

3,7

98.5

3,1

80

.66

17

.91

31.5

183

.536

2.0

-17

8.5

-38.

03,

982

.03

,542

.64

39.4

93.

5R

s.46

.99

03

-Jun-

09

4,0

67.6

3,8

58

.32

09

.344

.42

,119

.735

3.6

1,7

66.1

374

.76,

187

.34

,211

.91,

97

5.4

419.

1R

s.47

.14

04

-Jun-

09

3,4

23.8

3,7

40

.0-3

16.

2-6

7.5

428

.220

9.8

218

.44

6.6

3,8

52.0

3,9

49.8

-97

.8-2

0.9

Rs.

46.8

4

05

-Jun-

09

3,6

26.1

2,9

55

.56

70

.61

42.2

398

.114

5.0

253

.15

3.7

4,0

24.2

3,1

00.5

923

.719

5.9

Rs.

47.1

6

08

-Jun-

09

4,5

50.6

3,1

33

.21

,41

7.4

301

.19

5.7

10.3

85.

41

8.1

4,6

46.3

3,1

43.5

1,5

02.

831

9.2

Rs.

47.0

8

09

-Jun-

09

2,6

94.1

2,3

99

.22

94

.962

.238

0.9

341

.53

9.4

8.3

3,0

75.0

2,7

40.7

334

.37

0.5

Rs.

47.3

8

10

-Jun-

09

3,8

15.3

2,8

24

.69

90

.72

08.2

0.0

324

.3-3

24

.3-6

8.1

3,8

15.3

3,1

48.9

666

.414

0.1

Rs.

47.5

9

11-J

un-

09

3,8

51.5

3,1

33

.87

17

.71

51.8

0.0

0.0

0.0

0.0

3,8

51.5

3,1

33.8

717

.715

1.8

Rs.

47.2

7

12

-Jun-

09

3,5

81.8

2,5

88

.79

93

.12

09.4

10.

00

.01

0.0

2.1

3,5

91.8

2,5

88.7

1,0

03.

121

1.5

Rs.

47.4

2

15

-Jun-

09

2,9

31.9

2,4

13

.25

18

.71

09.4

189

.011

3.9

75.

11

5.8

3,1

20.9

2,5

27.1

593

.812

5.2

Rs.

47.4

1

16

-Jun-

09

2,5

78.6

2,7

91

.9-2

13.

3-4

4.5

202

.336

7.6

-16

5.3

-34.

52,

780

.93

,159

.5-3

78.6

-79.

0R

s.47

.94

17

-Jun-

09

1,8

62.3

2,5

74

.2-7

11.9

-149

.11

,13

7.0

5.0

1,1

32.0

237

.02,

999

.32

,579

.24

20.1

87.

9R

s.47

.76

18

-Jun-

09

2,1

68.3

2,3

94

.8-2

26.

5-4

7.3

189

.522

5.2

-35

.7-7

.52,

357

.82

,620

.0-2

62.2

-54.

8R

s.47

.91

19

-Jun-

09

2,1

38.4

2,6

54

.3-5

15.

9-1

07.3

100

.731

8.1

-21

7.4

-45.

32,

239

.12

,972

.4-7

33.3

-15

2.6

Rs.

48.0

6

22

-Jun-

09

1,8

94.4

1,9

20

.5-2

6.1

-5.4

614

.750

9.9

104

.82

1.8

2,5

09.1

2,4

30.4

78.7

16.

4R

s.48

.13

23

-Jun-

09

1,6

17.2

1,8

14

.2-1

97.

0-4

0.7

430

.418

0.4

250

.05

1.7

2,0

47.6

1,9

94.6

53.0

11.0

Rs.

48.3

9

24

-Jun-

09

2,0

47.3

2,7

05

.5-6

58.

2-1

34.6

235

.84

.023

1.8

47.

42,

283

.12

,709

.5-4

26.4

-87.

2R

s.48

.91

25

-Jun-

09

1,6

02.9

2,2

04

.1-6

01.

2-1

23.9

71.

219

7.9

-12

6.7

-26.

11,

674

.12

,402

.0-7

27.9

-15

0.0

Rs.

48.5

3

26

-Jun-

09

4,1

11.5

5,1

49

.6-1

,03

8.1

-213

.91

,52

8.4

99.7

1,4

28.7

294

.45,

639

.95

,249

.33

90.6

80.

5R

s.48

.53

29

-Jun-

09

2,5

47.7

1,8

74

.86

72

.91

38.7

254

.23,

803

.5-3

,549

.3-7

31.7

2,8

01.9

5,6

78.3

-2,8

76.4

-59

3.0

Rs.

48.5

1

30

-Jun-

09

2,3

88.1

1,9

90

.93

97

.282

.414

7.0

155

.0-8

.0-1

.72,

535

.12

,145

.93

89.2

80.

7R

s.48

.20

Tota

l6

7,2

77.2

63

,44

7.0

3,8

30

.28

23.5

8,7

95

.37,

726

.71

,068

.62

35.4

76,0

72.5

71,1

73.7

4,8

98.8

1,0

58.9

* C

onv

ersi

on

rate

: T

he d

aily

RB

I re

fere

nce

rat

e as

on

th

e tr

adin

g d

ay h

as b

een

ado

pte

d. (

If t

he

trad

ing

day

is

a b

ank

hol

iday

, im

med

iate

ly p

rece

din

g d

ay's

ref

eren

ce

rate

has

bee

n u

sed

).

"Note

: T

he d

ata

pert

ain

s to

all

the

act

ivit

ies

und

erta

ken

by

FII

s in

In

dian

Sec

urit

ies

Mar

ket

, inc

ludi

ng t

rade

s do

ne

in s

eco

ndar

y m

arke

t, p

rim

ary

mar

ket

and

ac

tiv

itie

s in

vo

lved

in

rig

ht/

bo

nus

iss

ues

, pri

vat

e pl

acem

ent,

mer

ger

& a

cqui

siti

on, e

tc."

Dat

eE

qu

ity

Deb

tT

otal

Gro

ss

Pu

rch

ase

(Rs.

cror

e)

Gro

ss

Sal

es

(Rs.

cror

e)

Net

Inve

stm

ent

(Rs.

cror

e)

Net

Inve

stm

ent

(US

$ m

n)*

Gro

ss

Pu

rch

ase

(Rs.

cror

e)

Th

e d

ata

pre

sent

ed a

bo

ve i

s co

mp

iled

on

th

e b

asis

of

repo

rts

sub

mit

ted

to

SE

BI

by c

ust

od

ian

s o

n Ju

ne

30

, 20

09 a

nd c

on

stit

utes

tra

des

con

duct

ed b

y F

IIs

on

and

upto

th

e p

rev

iou

s tr

adin

g d

ay(s

).

Gro

ss

Sal

es

(Rs.

cror

e)

Net

Inve

stm

ent

(Rs.

cror

e)

Net

Inve

stm

ent

(US

$ m

n.)

*

Net

Inve

stm

ent

(Rs.

cror

e)

Net

Inve

stm

ent

(US

$ m

n.)

*

Gro

ss

Pu

rch

ase

(Rs.

cror

e)

Con

vers

ion

( 1

US

D T

O

INR

)*

Gro

ss

Sal

es

(Rs.

cror

e)

599


Ta

ble

32

: T

ren

ds

in R

esou

rce

Mo

bil

isa

tio

n b

y M

utu

al

Fu

nd

s

(Am

ount

in R

s. c

rore

)

Pvt

.

Sec

tor

Pu

bli

c

Sec

tor

UT

IT

otal

P

vt.

Sec

tor

Pu

bli

c

Sec

tor

UT

IT

otal

P

vt.

Sec

tor

Pu

bli

c

Sec

tor

UT

IT

ota

l

12

34

56

78

910

111

21

31

4

2004

-05

7,36

,463

56,5

8946

,656

8,39

,708

7,28

,864

59,2

6649

,378

8,37

,508

7,60

0-2

,67

7-2

,722

2,2

001

,49

,60

0

2005

-06

9,14

,703

1,10

,319

73,1

2710

,98,

149

8,71

,727

1,03

,940

69,7

0410

,45,

370

42,9

77

6,37

93

,42

452

,77

92

,31

,86

2

2006

-07

15,9

9,87

31,

96,3

401,

42,2

8019

,38,

493

15,2

0,83

61,

88,7

191,

34,9

5418

,44,

508

79,0

387,

621

7,3

26

93,9

85

3,2

6,2

92

2007

-08

37,8

0,75

33,

46,1

263,

37,4

9844

,64,

377

36,4

7,44

93,

35,4

483,

27,6

7843

,10,

575

1,33

,304

10,

677

9,8

201

,53,

802

5,0

5,1

52

2008

-09

42,9

2,75

17,

10,4

724,

23,1

3154

,26,

354

43,2

6,76

87,

01,0

924,

26,7

9054

,54,

650

-34,

018

9,38

0-3

,658

-28

,29

64

,17

,30

0

2009

-10

(Ap

r-Ju

n)

16,0

9,72

02,

92,3

491,

93,3

3820

,95,

407

15,2

8,26

32,

82,4

291,

84,3

1119

,95,

004

81,4

569,

920

9,0

271

,00,

403

5,8

2,67

9

Apr

-09

5,38

,754

1,00

,262

69,4

657,

08,4

814,

20,9

4081

,928

51,4

225,

54,2

901,

17,8

141

8,3

341

8,0

441

,54,

191

5,9

3,5

16

May

-09

5,20

,943

87,2

1459

,722

6,6

7,87

94,

97,2

3483

,588

56,9

086,

37,7

3123

,70

93,

626

2,8

143

0,1

486,

64,

450

Jun-

095,

50,0

231,

04,8

7464

,151

7,1

9,04

76,

10,0

891,

16,9

1375

,981

8,02

,984

-60,

066

-12,

040

-11

,831

-83

,93

75,

82,

679

Not

es :

1. E

rstw

hile

UT

I ha

s be

en d

ivid

ed i

nto

UT

I M

utua

l F

und

(reg

iste

red

wit

h S

EB

I) a

nd t

he S

peci

fied

Und

erta

kin

g o

f U

TI

(not

reg

iste

red

wit

h S

EB

I).

Abo

ve d

ata

cont

ains

inf

orm

atio

n on

ly o

f U

TI

Mut

ual

Fun

d.

* In

clud

es r

epur

chas

es a

s w

ell

as r

edem

ptio

n.

2. N

et a

sset

s pe

rtai

ning

to

Fun

ds o

f F

unds

Sch

emes

is

not

incl

uded

in

the

abov

e da

ta.

Per

iod

Gro

ss M

obil

isat

ion

Red

emp

tion

*N

et I

nfl

ow

/Ou

tflo

wA

sset

s a

t

the

En

d o

f

Per

iod

600


Tab

le 3

3 A

: T

yp

e-w

ise

Res

ou

rce

Mob

ilis

ati

on

by

Mu

tua

l F

un

ds

: O

pen

-en

ded

an

d C

lose

-en

ded

(Am

ount

in

Rs.

cro

re)

Sal

eP

urc

has

eN

etS

ale

Pu

rch

ase

Net

Sal

eP

urc

has

eN

etS

ale

Pu

rch

ase

Net

15

67

89

108

910

1112

1314

Ope

n-en

ded

43,3

7,04

242

,03,

588

1,33

,454

52,6

1,42

952

,33,

301

28,1

2820

,95,

020

19,6

5,79

71,

29,2

237,

18,9

597,

98,1

28-7

9,16

95,

08,5

84

Clo

se-e

nded

1,27

,335

1,06

,987

20,3

481,

11,0

081,

45,1

98-3

4,19

115

027

,178

-27,

028

254,

040

-4,0

1572

,972

Inte

rval

--

-53

,916

76,1

50-2

2,23

323

72,

029

-1,7

9363

816

-753

1,12

3

Tot

al44

,64,

377

43,1

0,57

51,

53,8

0254

,26,

353

54,5

4,65

0-2

8,29

620

,95,

407

19,9

5,00

41,

00,4

037,

19,0

478,

02,9

84-8

3,93

75,

82,6

79

* N

ote

:

Sch

eme

2007

-08

2008

-09

2009

-10

(Ap

ril-

Jun

e)

Jun

-09

Net

Ass

ets

as o

n J

un

e

30, 2

009*

Net

ass

ets

of R

s. 7

25.6

8 cr

ores

per

tain

ing

to F

und

of

Fun

ds S

chem

es i

s no

t inc

lude

d in

the

abov

e da

ta.

601


Tab

le 3

3 B

: S

chem

e-w

ise

Res

ourc

e M

obil

isat

ion

by

Mu

tual

Fu

nd

s

(Am

ount

in

Rs.

cro

re)

Sal

eP

urc

has

eN

etS

ale

Pu

rch

ase

Net

Sal

eP

urc

has

eN

et

12

34

56

78

910

A. I

nco

me/

Deb

t O

rien

ted

Sch

emes

(i+

ii+

iii+

iv)

43,1

7,26

342

,13,

396

1,03

,867

53,8

3,36

754

,15,

528

-32,

161

20,8

0,25

819

,82,

990

97,2

67

i

. Liq

uid/

Mon

ey M

arke

t34

,32,

737

34,1

7,76

114

,976

41,8

7,97

741

,91,

576

-3,5

9916

,04,

560

15,8

6,23

018

,330

ii

. Gil

t3,

180

2,74

643

414

,696

11,0

903,

606

1,24

92,

461

-1,2

12

iii

. Deb

t (o

ther

tha

n as

sure

d re

turn

)8,

81,3

467,

92,8

8988

,457

11,8

0,69

412

,12,

862

-32,

168

4,74

,448

3,94

,299

80,1

49

iv

. Deb

t (a

ssur

ed r

etur

n)0

00

00

00

00

B. G

row

th/E

qu

ity

Ori

ente

d S

chem

es (

i+ii

)1,

26,2

8679

,353

46,9

3332

,805

28,7

814,

024

13,4

2810

,123

3,30

5

i

. EL

SS

6,44

829

76,

151

3,32

435

62,

969

442

336

105

ii

. Oth

ers

1,19

,839

79,0

5640

,782

29,4

8128

,425

1,05

512

,986

9,78

63,

200

C. B

alan

ced

Sch

emes

11,4

885,

720

5,76

82,

695

2,63

461

893

959

-67

D. E

xch

ange

Tra

ded

Fu

nd

(i+

ii)

9,33

912

,106

-2,7

675,

719

6,71

8-9

9872

853

719

1

i

. Gol

d E

TF

433

156

276

271

187

8416

630

136

i

i. O

ther

ET

Fs

8,90

611

,950

-3,0

435,

448

6,53

0-1

,083

561

507

55

E. F

un

ds

of F

un

ds

In

vest

ing

Ove

rsea

s-

--

1,76

798

977

810

239

5-2

93

Tot

al (

A+

B+

C+

D+

E)

44,6

4,37

643

,10,

575

1,53

,801

54,2

6,35

354

,54,

650

-28,

296

20,9

5,40

719

,95,

004

1,00

,403

*Net

ass

ets

pert

aini

ng t

o F

und

of

Fun

ds S

chem

es i

s no

t in

clud

ed i

n th

e ab

ove

data

.

Sch

eme

2007

-08

2008

-09

2009

-10

(Ap

ril

-Ju

ne)

Sal

eP

urc

has

eN

et

1112

13

7,12

,596

7,98

,014

-85,

418

5,75

,660

6,10

,038

-34,

378

523

543

-20

1,36

,413

1,87

,433

-51,

020

00

0

5,68

24,

200

1,48

2

140

152

-12

5,54

24,

048

1,49

4

450

409

41

280

207

74

347

27

247

200

47

3815

3-1

15

7,19

,047

8,02

,984

-83,

937

Jun

e 20

09*

602


Table 34: Trends in Transactions on Stock Exchanges by Mutual Funds


Gross

Purchase

Gross

Sales

Net

Purchase/

Sales

Gross

Purchase

Gross

Sales

Net

Purchase/

Sales

Gross

Purchase

Gross

Sales

Net

Purchase/

Sales

1 2 3 4 5 6 7 8 9 10

2004-05 45,045 44,597 448 62,186 45,199 16,987 1,07,232 89,796 17,435

2005-06 1,00,436 86,133 14,303 1,09,770 72,969 36,801 2,10,206 1,59,102 51,104

2006-07 1,35,948 1,26,886 9,062 1,53,733 1,01,189 52,544 2,89,681 2,28,075 61,606

2007-08 2,17,578 2,01,274 16,304 2,98,605 2,24,816 73,789 5,16,183 4,26,090 90,093

2008-09 1,44,069 1,37,085 6,985 3,27,744 2,45,942 81,803 4,71,814 3,83,026 88,787

2009-10 (Apr-Jun) 53,310 50,141 3,169 1,12,378 64,848 47,529 1,65,687 1,14,989 50,699

Apr-09 12,138 12,099 39 45,992 19,570 26,422 58,130 31,669 26,461

May-09 18,957 16,666 2,291 26,941 16,573 10,368 45,898 33,238 12,659

Jun-09 22,215 21,376 839 39,445 28,706 10,739 61,660 50,082 11,578

Period Equity Debt Total

603


Table 35: Substantial Acquisition of Shares and Takeovers

(Amount in Rs.crore)

No. Amount No. Amount No. Amount

1 2 3 4 5 6 7 8 9 10 11

2004-05 35 3,503 12 165 14 964 61 4,632 212 6,958

2005-06 78 3,252 9 119 15 709 102 4,078 245 17,132

2006-07 66 6,771 15 4,498 6 83 87 11,352 223 18,608

2007-08 78 11,657 28 13,254 8 3,796 114 28,706 232 6,458

2008-09 80 3,713 13 598 6 400 99 4,711 227 10,502

2009-10 (Apr-Jun) 11 1,715 3 1,118 1 17 14 2,851 47 3,343

Apr-09 3 93 1 1 0 0 4 95 17 993

May-09 3 379 1 437 1 17 4 833 15 1,608

Jun-09 5 1,243 1 680 0 0 6 1,923 15 742

Year

Open OffersAutomatic

Exemption

Objectives Total

No. AmountChange in Control

of Management

Consolidation of

HoldingsNo. Amount

Substantial

Acquisition

604


Table 36: Progress of Dematerialisation at NSDL and CDSL

Note:

The count of DPs includes main DPs as well as Branch DPs.

DPs Locations' represents the total live (main DPs and branch DPsas well as non-live (back office connected collection centres).

Source : NSDL and CDSL

Com-panies Live

DPs Live DPs

Locations

(Nos)

Demat

Quantity

(million

shares)

Demat

Value

(Rs.crore)

Comp-anies Live

DPs Live DPs

Locations

(Nos)

Demat

Quantity

(million

shares)

Demat

Value

(Rs.

crore)

1 2 3 4 5 6 7 8 9 10 11

2004-05 5,536 216 2,819 1,28,663 14,47,663 5,068 271 1,530 19,080 1,20,959

2005-06 6,022 223 3,017 1,74,722 24,78,941 5,479 315 2,577 27,220 2,35,829

2006-07 6,483 240 5,599 2,02,701 31,42,645 5,589 365 4,178 31,250 2,83,136

2007-08 7,354 251 7,204 2,36,897 43,76,953 5,943 420 6,372 49,820 5,90,039

2008-09 7,801 275 8,777 2,82,870 31,10,300 6,213 461 6,934 70,820 4,39,703

2009-10

Apr-09 7,819 275 8,860 2,86,230 34,71,004 6,233 463 6,938 70,470 5,09,588

May-09 7,817 279 9,223 2,93,200 48,83,000 6,255 466 6,931 70,080 6,85,081

Jun-09 7,800 280 9,340 2,96,779 47,69,500 6,275 468 6,942 70,670 6,87,819

At the

end

of the

period

NSDL CDSL

605


Ta

ble

37

: A

sset

s u

nd

er t

he

Cu

stod

y of

Cu

sto

dia

ns

(Am

ount

in

Rs.

cro

re)

No.

Am

ount

No.

Am

ount

No.

Am

ount

No.

Am

ount

No.

Am

ount

No.

Am

ount

No.

Am

ount

#N

o.A

mou

nt

12

34

56

78

910

1112

1314

1516

17

2004

-05

1,85

223

6,25

737

47,7

80-

--

-13

01,

466

2,64

91,

481

639

126,

286

678

22,2

89

2005

-06

2,49

145

3,63

647

84,0

48-

--

-12

91,

616

2,97

51,

633

831

204,

518

683

37,6

30

2006

-07

3,07

054

7,01

012

100,

361

--

--

791,

198

741

1,05

61,

220

290,

378

339

25,6

56

2007

-08

3,97

773

6,75

311

139,

918

--

--

561,

238

877

606

1,78

446

9,77

630

936

,975

2008

-09

3,88

33,

91,9

5413

71,8

3962

192

,694

7316

,579

4356

982

045

51,

701

3,78

,954

418

19,4

30

2009

-10

Apr

-09

3,90

84,

69,0

9313

94,9

2863

01,

19,6

9474

17,5

0843

660

804

474

1,66

44,

65,5

9970

219

,119

May

-09

4,00

86,

24,4

8848

1,18

,704

642

1,32

,047

7517

,814

4398

080

164

71,

642

5,22

,513

779

19,0

64

Jun-

093,

885

6,31

,047

131,

14,1

0266

01,

24,6

9577

17,6

7543

944

836

632

1,64

25,

17,6

4289

020

,998

Clie

nt

Peri

od

FIIS

/Sas

Fore

ign

Dep

osito

ries

Cor

pora

tes

Fore

ign

Vent

ure

Cap

ital

Inve

stm

ents

OC

BsN

RIs

Mut

ual F

unds

FDI I

nves

tmen

ts

No.

Am

ount

No.

Am

ount

No.

Am

ount

No.

Am

ount

No.

Am

ount

2021

2223

2425

2627

2829

--

--

--

27,8

7520

8,49

633

,876

6,68

,585

--

--

--

28,2

8035

4,16

035

,492

11,6

9,11

3

--

--

--

3,37

441

0,42

98,

899

14,0

0,61

0

--

--

--

4,07

262

6,96

311

,153

20,4

2,21

2

154

4,42

,117

753,

274

2032

,008

5,31

999

,857

13,2

1215

,77,

589

155

4,81

,728

763,

280

2035

,950

5,76

61,

09,0

7313

,927

18,4

3,03

9

159

5,71

,004

763,

331

2140

,395

7,58

01,

22,8

3515

,946

22,0

2,20

0

160

5,77

,703

714,

051

2141

,555

8,33

91,

14,4

6916

,711

21,9

3,84

5

Insu

rnac

e C

ompa

nies

Loca

l Pen

sion

Fund

sFi

nanc

ial

Inst

itutio

ns

Oth

ers*

Tota

l

Sour

ce: v

ario

us c

usto

dian

s

* 'O

ther

s' al

so in

clud

e In

sura

nce

com

pani

es, F

DI I

nves

tmen

ts,

Fina

ncia

l Ins

titut

ions

, For

eign

Ven

ture

Cap

ital I

nves

tmen

ts a

nd lo

cal p

ensi

on fu

nds

for t

he y

ears

200

4-05

to 2

007-

08.

# in

clud

es a

sset

s in

Gol

d by

Mut

ual F

unds

606


Ta

ble

38

: R

ati

ng

s A

ssig

ned

fo

r L

ong-

term

Cor

por

ate

Deb

t S

ecu

riti

es (

Mat

uri

ty ³

1 y

ear)

(Am

ount

in

Rs.

cro

re)

No.

Am

oun

tN

o.A

mou

nt

No.

Am

oun

tN

o.A

mou

nt

No.

Am

oun

tN

o.A

mou

nt

12

34

56

78

910

1112

13

2004

-05

278

1,59

,788

110

48,6

0258

8,19

135

4,13

99

688

490

2,18

,707

2005

-06

261

2,79

,968

147

62,3

1645

28,9

5721

1,20

04

144

478

3,82

,585

2006

-07

312

2,66

,863

144

53,7

6653

5,90

533

9,01

42

7554

43,

35,6

23

2007

-08

335

4,54

,164

257

1,20

,199

167

35,6

6163

9,47

827

1,60

384

56,

20,7

85

2008

-09

307

5,23

,589

349

1,38

,471

298

53,2

4052

652

,37

239

624

,220

1,87

67,

91,8

91

2009

-10

(Ap

r-Ju

n)

722,

93,6

4588

42,4

8675

12,2

9416

49,

179

334

14,4

6273

33,

72,0

67

Apr

-09

352,

32,6

9532

22,8

9627

2,45

758

3,67

111

73,

883

269

2,65

,602

May

-09

1533

,405

249,

115

256,

834

502,

116

104

3,08

721

854

,557

Jun-

0922

27,5

4532

10,4

7523

3,00

356

3,39

211

37,

492

246

51,9

08

Sou

rce:

Cre

dit

Rat

ing

Age

ncie

s

Gra

de

Per

iod

Inve

stm

ent

Gra

de

Non

-In

vest

men

t

Gra

de

Tot

alH

igh

est

Saf

ety

(AA

A)

Hig

h

Saf

ety

(AA

)

Ad

equ

ate

Saf

ety

(A)

Mod

erat

e S

afet

y

(BB

B)

607


Ta

ble

39:

Rev

iew

of

Acc

epte

d R

ati

ng

s o

f C

orp

ora

te D

ebt

Sec

uri

ties

(M

atu

rity

³ 1

yea

r)

(Am

ount

in

Rs.

cro

re)

No.

Am

ou

nt

No.

Am

oun

tN

o.

Am

oun

tN

o.

Am

ou

nt

No.

Am

oun

tN

o.

Am

ou

nt

No.

Am

oun

t

12

34

56

78

910

1112

1314

15

2004-

05

81

22,1

99

60

9582

887

7,9

3,5

40

21

4,7

20

153

12,2

78

811

61,2

108,

40,

427

2005-

06

68

51,8

2743

6852

870

13,3

9,0

16

21

2,3

19

177

33,

792

3287

1,1

82

14,3

4,0

93

2006-

07

326,

533

415,0

50854

11,4

1,7

3439

11,3

6412

719

,335

115,

991

1,104

11,9

0,0

05

2007-

08

628,7

62

7331,4

901031

18,0

5,46

851

40,6

02

172

25,1

88

00

1389

19,1

1,5

09

2008-

09

3617

,033

251

1,60

,021

1,4

30

23,2

3,4

2452

1,23

,303

335

44,8

53

190

2,10

526

,68,7

25

2009-

10

(Ap

r-Ju

n)

15

9,91

594

23,3

13

376

7,3

1,0

6421

14,3

96

6712

,794

00

573

7,9

1,4

83

Apr-

090

038

6,1

90

147

4,06

,680

13

12,4

2818

1,5

72

00

216

4,2

6,8

70

May

-09

59,

252

33

9,3

76

801,

43,2

013

1,1

90

12

1,4

03

00

133

1,6

4,4

22

Jun-0

910

664

23

7,74

714

91,

81,

184

577

837

9,81

90

022

42,0

0,1

92

Sou

rce:

Cre

dit

Rati

ng A

genci

es

G

rad

e

Per

iod

Up

grad

edD

own

gra

ded

Rea

ffir

med

Rat

ing W

atch

Wit

hd

raw

n/

Su

spen

ded

Not

Mea

nin

gfu

l

Cat

egory

Tota

l

608


Table 40: Macro Economic Indicators

53,21,753

37.7

39.1

February March April May June2009 2009 2009 2009 2009

Cash Reserve Ratio (%) 5.00 5.00 5.00 5.00 5.00

Bank Rate (%) 6.00 6.00 6.00 6.00 6.00

Money Supply (M3) (Rs.crore) 46,42,531 47,57,905 48,81,928 49,31,213 49,36,721

Aggregate Deposit (Rs.crore) 37,35,864 38,30,322 39,23,005 39,67,995 39,83,382

Bank Credit (Rs.crore) 26,68,090 27,70,012 27,46,175 27,35,750 27,70,216

Call Money Rate( lending / borrowing )-Max 4.50 5.00 3.40 3.75 3.40

91-Day-Treasury Bill[iii] 4.30 4.50 3.40 3.10 3.05

PLR (Maximum) (%) 12.50 12.50 12.25 12.25 12.25

Deposit Rate (Maximum) (%) 9.00 8.75 8.50 8.25 8.00

Turnover (BSE+NSE) (Rs.crore) 2,04,187 2,72,588 3,55,639 5,11,103 6,41,608Market Cap-BSE (Rs.crore) 28,62,871.48 30,86,075 35,86,978 48,65,045 47,49,934Market Cap-NSE (Rs.crore) 26,75,622.42 28,96,194 33,75,025 45,64,572 44,32,596

Net FII Investment in Equity (Rs.crore) -3,124 5,890 8,999 17,406 4,898

Forex Reserves (Rs.crore) 12,60,424 12,80,116 12,60,342 12,35,717 12,30,855

Re/ Dollar 51.51 50.95 50.22 47.29 47.87

Re/Euro 64.57 67.48 66.29 66.18 67.69

6- months Inter Bank Forward Premia of US Dollar 1.93 2.78 2.91 3.17 2.67

Govt. Market Borrowing (Rs. crore) 1,82,972 249000 48,000 1,30,000 $ 1,75,000 $

Wholesale Price Index (Base 1993-94) 227.6 228.2 231.5

General 274.2 266.3 270.1 QEMining 182.2 171.1 177.6 QEManufacturing 294.2 285.0 287.0 QEElectricity 212.7 218.2 233.6 QE

Exports (Rs.crore) 58,685 58,997 53,779

Imports (Rs.crore) 82,872 79,717 78,832

Trade Balance (Rs.crore) -24,187 -20,720 -25,053

[i] As on February 27, 2009, April 24, 2009, May 1, 2009, May 22, 2009, June 26, 2009, June 19, 2009[ii] As on February 27, 2009, April 24, 2009, May 1, 2009, May 29, 2009, June 26, 2009[iii] As on February 28, 2009, April 30, 2009, May 29, 2009, June 30 2009[iv] As on February 27, 2009, April 29, 2009, May 29, 2009, June 30 2009$ : Includes Rs.28,000 crore of MSS desequestering. Source : websites of RBI, CSO, Director General of Foreign Trade, Ministry of Commerce & Industry.

V. Interest Rate[ii]

VI. Capital Market Indicators [iii]

VII. Exchange Rate and Reserves[iv]

VIII. Public Borrowing and Inflation

IX. Index of Industrial Production (y-o-y)% (Base year 1993-94 = 100)

X. External Sector Indicators

II. Gross Domestic Saving as a % of GDP at market prices (2007-08 Quick Estimates)

III. Gross Domestic Capital Formation as a % of GDP at market prices

(2007-08 Quick Estimates)

IV. Monetary and Banking Indicators[i]

I. GDP at Market Prices ( 2008-09 Revised Estimate) (Rs.crore)

609


Ta

ble

41

: D

ail

y R

etu

rn a

nd

Vo

lati

lity

: S

elec

t W

orl

d S

tock

In

dic

es

(Per

cent)

Ret

urn

V

ola-

tili

tyR

etu

rn

Ret

urn

R

etu

rn

Ret

urn

Ret

urn

R

etu

rn

12

34

56

78

910

1112

1314

15

2005

0.02

0.65

0.06

0.55

0.08

0.69

0.06

0.59

0.02

0.73

0.05

0.61

0.00

0.49

2006

0.06

0.62

0.04

0.79

0.06

0.93

0.07

0.80

0.12

0.91

0.10

0.86

0.08

0.53

2007

0.02

0.92

0.15

1.10

-0.1

41.

070.

051.

040.

131.

660.

061.

360.

111.

04

2008

-0.1

82.

55-0

.15

2.40

-0.2

02.

59-0

.17

1.95

-0.2

13.

01-0

.23

2.20

-0.1

41.

12

2009

(Ju

ly '

08 -

Ju

ne

'09)

-0.1

12.

60-0

.11

2.45

-0.1

32.

67-0

.12

2.00

-0.0

73.

23-0

.09

2.37

-0.0

41.

18

Au

stra

lia

AS

30

Hon

g K

ong

HS

I

Sin

gap

ore

ST

I

Mal

aysi

a

KL

CI

Cal

end

er Y

ear

US

A

DO

W J

ON

ES

UK

FT

SE

100

Fra

nce

CA

C

Vol

a-ti

lity

Vol

a-ti

lity

Vol

a-ti

lity

Vol

a-ti

lity

Vol

a-ti

lity

Vol

a-ti

lity

(Per

cent

)

Ret

urn

R

etu

rn

Ret

urn

R

etu

rn

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116

1718

1920

2122

2324

2526

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2005

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141.

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121.

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2006

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1.63

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240.

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PUBLICATIONS

610


1. Annual Reports: 2007 -08, 2006 -07, 2005 -06, 2004 -05, 2003 -04.

2. Handbook of Statistics on Indian Securities Market, 2008.

Interested persons may contact the Department of Economic and Policy Analysis of SEBI to obtain a copy of Annual Report / Handbook of Statistics at the following address: Department of Economic and Policy Analysis Securities and Exchange Board of India Plot No. C4-A, ‘G’ Block, Bandra Kurla Complex, Bandra (E). Mumbai - 400051 Tel No. +91-22-26449000 Fax No. +91-22-26449021