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Web site : http : / / www.nse.co.in Web site : http : / / www.nse.co.in

CONTENTS

RBI News 1

SEBI News 2

Latest on the NSE website 3

MARKET INDICES 3

S&P CNX NIFTY 3

CNX NIFTY JUNIOR 4

S&P CNX DEFTY 4

CAPITAL MARKET 5

Market Capitalisation 7

Market Information 7

Trading Members 8

Advance/Decline Ratio 8

Listing 8

National Securities Clearing Corporation 8

Settlement Guarantee Fund 9

WHOLESALE DEBT MARKET 9

Futures & Options 11

INVESTOR GRIEVANCES 11

ARBITRATION 11

System and Telecom 11

NSE Network 12

NATIONAL STOCK EXCHANGE OF INDIA LIMITEDFor private circulation only

APRIL 1999

NATIONAL STOCK EXCHANGE OF INDIA LIMITEDMAHINDRA TOWERS, WORLI, MUMBAI - 400 018. TEL. No: 022-496 0525 (10 Lines), 492 8405

Fax No: 022-493 5631, 495 0367e-mail address: [email protected]

44 1

RBI News

RBI Governor announces Monetary and Credit

Policy for the year 1999-2000

Dr. Bimal Jalan, Governor, Reserve Bank of India, in

a meeting with the Chief Executives of banks

announced the Monetary and Credit Policy for the

year 1999-2000. In his statement, Governor, after

presenting a review of macro-economic developments

during 1998-99, spelt out the stance of the policy for

the current year and announced an array of measures.

While no changes have been made in Bank Rate and

repo rate, CRR has been reduced by 0.5 percentage

point. Other measures related to development of

money, government securities and debt markets,

strengthening of prudential norms, rationalisation of

interest rates and introduction of a new liquidity

adjustment facility.

Stance of Monetary Policy for 1999-2000

According to the Governor a major challenge for

monetary policy in 1999-2000 is the need to reconcile

the conflicting objectives of restraining the overall

growth of liquidity in order to ensure price-stability, and

at the same time facilitating the flow of adequate bank

credit for productive sectors of the economy in order

to improve growth. Keeping in view the Government’s


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borrowing requirements, an unduly restrictive credit policy

could militate against the need to enhance growth

prospects. As such, he said, a reasonable projection

for M3 growth in 1999-2000 would be in the range of

15.5 to 16.0 per cent. Consistent with a money supply

growth of 15.5 to 16 per cent, the Governor placed the

working estimate for the expansion in aggregate

deposits of scheduled commercial banks at

Rs.1,18,500 crore (16.5 per cent).

The Highlights of the Monetary and Credit Policy

Measures are:

• Liquidity to be Easy – CRR reduced by 0.5

percentage point

• A New Interim Liquidity Adjustment Facility

introduced

• More Measures for Development of Money, Repo,

Government Securities and Debt Markets

• Interest Rates Rationalised

• Prudential Measures strengthened

• New Measures for Micro credit, Venture Capital

and Infrastructure Financing

RBI Press Release: 1998-99/1312 dated Apr 20, 1999

SEBI News

Payment of Fee By Foreign Institutional Investors

The existing provisions of Securities and Exchange

Board of India (Foreign Institutional Investors)

Regulations 1995 (Regulations) require Foreign

Institutional Investors (FII) to pay the registration fee,

which is denominated in US Dollars, by means of a

draft drawn on Mumbai. This requirement was creating

a problem for FIIs as the US $ drafts are normally

payable in USA only. SEBI had received numerous

complaints from FIIs regarding the above. In pursuance

to the requests received from the FIIs, the Regulations

have been amended on April 16, 1999 to provide for

payment of fees by means of a draft payable at USA

also. The registration fees for FIIs and Sub accounts

can now be paid by means of a bank draft payable at

New York, USA.

The Regulations have also been amended so as to

permit FIIs to sell the securities held by them to the

issuer company in response to an offer for buyback

of securities made in accordance with Securities and

Exchange Board of India (Buyback of Securities)

Regulations, 1998.

SEBI Press Release: Ref.No. PR101/99 dated April

26, 1999

B D Shah Committee on Short Sales

B D Shah Committee on Short Sales was of the view

that the disclosure regarding the outstanding position

could be strengthened. Currently, the short sales

position as reported by members are disclosed. These

positions are not obtained from the system of the

exchange. It has now been decided that each stock

exchange should announce scrip-wise net outstanding

single sided position for top two hundred scrips traded

in that stock exchange. However, in case of those

exchanges where the scrips traded are less than two

hundred, this information regarding all scrips traded

on that Exchange should be announced.

SEBI Press Release: Ref.No. PR 102/99 dated April

26, 1999.

Latest on the NSE website..

As a part of its commitment to keep its users apace

with changes in the financial world, the Exchange has

started a new section on its website. Titled as ‘NSE

in news’, this link can be accessed through ‘Whats

New’ section on our site. The new sub-section

contains highlights of important events in financial

world in general and the market in particular. The

user can view the detailed news by clicking on

respective link. The information is aggregated and

delivered by India Informer. URL for the same is –

‘www.nse.co.in/whatsnew/nsenews.htm’.

The exchange is also pleased to announce the

launching of ‘Circular’ section on its web-site. Grouped

departmentwise, the circulars have been further

classified subjectwise for the convenience of user.

The user is provided with the option of viewing or

downloading the circulars. URL for this section is –

‘http://www.nse-india.com/circular/index.htm’.

NSE is the first exchange in the country to provide

this kind of information free of cost through website.

Market Indices

S&P CNX NIFTY

The S&P CNX NIFTY closed at 978.20 on April 30,

1999 representing a fall of 99.85 points as compared

to 1078.05 on March 31,1999. In the month under

review, the S&P CNX NIFTY touched a low of 916.00

on April 28, 1999 after peaking at 1084.05 on April

01, 1999. The market capitalisation of S&P CNX NIFTY

fell from Rs. 2,36,569 crores on March 31, 1999 to

Rs.2,14,947 crores on April 30, 1999 a fall of

Rs. 21,622 crores (-9.14%).

Graph 1 :

Movement of S&P CNX Nifty April 1999

During April 1999, Nifty stocks accounted for 48.26%

of NSE’s total market capitalisation. The daily

movement of S&P CNX NIFTY is given in Annexure

IIA and in the Graph 1.

The constitution of industry-wise weightages is given

in the Chart 1.

Chart 1 :

S&P CNX Nifty Industry-wise weightages–April 1999

Return for the period = - 8.69% Avg. daily volatility for the period = 3.255 %

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Industry Weightages Returns

A Automobile 0.52% 10.41B Banking 5.21% 35.19C Cement 1.01% 17.71D Chemicals 0.61% 0.07E Diversified 5.66% 8.67F Engineering 2.71% - 3.88G Information Technology 3.37% 3.36H Finance 0.19% 19.00I Foods and Beverages 2.60% -7.81J Hotels 0.67% -10.58K Iron & Steel 1.77% -15.38L Metals & Minerals 1.60% 6.19M Paints 0.46% 1.03N Personal Care 1.44% 14.96O Pharmaceuticals 3.60% 43.81P Power 0.39% -9.24Q Refineries & Petrochemicals 2.01% -1.67R Shipping 0.30% 4.17S Tea & Coffee 1.10% 6.22T Term Lending Institutions 0.19% -18.09U Textiles 0.15% 0.41V Telecommunications 5.17% 9.25

CNX NIFTY JUNIOR

The CNX NIFTY JUNIOR Index closed at 1809.00 points

on April 30,1999, representing a fall of 260.20 points (-

12.57%) as compared to 2069.20 on March 31, 1999.

During the month of April 1999, the CNX Nifty Junior

peaked at 2103.15 on April 01, 1999 before falling to

1631.90 on April 28,1999. The market capitalisation of

CNX Nifty Junior index fell from Rs.53,452 crores on

March 31,1999 to Rs. 46,730 crore i.e. a fall of Rs.6,722

crores (-12.58%). The daily movement of CNX NIFTY

JUNIOR is given in Annexure IIB and in the Graph 2.

Graph 2 :

Movement of CNX Nifty Junior Index–April 1999

The constitution of industry-wise weightages is given

in the Chart 2 :

Chart 2 :

CNX Nifty Junior Industry-wise weightages–April 1999

Industry Weightages Returns

A Automobile 6.05% 34.88B Banking 5.95% 9.05C Cement 0.86% 11.68D Chemicals 0.57% -0.70E Diversified 6.64% 5.62F Engineering 10.23% 17.81G Fertilizers 1.53% -0.85H Finance 0.35% -1.61I Food & Beverages 7.92% 18.12J Hotels 3.66% 33.93K Info. Tech 18.66% 36.57L Detergents/Intermediaries 2.19% 22.04M Leather Products 2.64% 16.06N Personal Care 7.02% 20.45O Pharmaceuticals 22.91% 17.55P Power 0.41% -15.38Q Refineries & Petrochemicals 1.21% 0.44R Term Lending Institutions 0.53% -5.71S Textiles 0.33% -20.91T Tyres 0.32% 1.88

TOTAL 100.00%

S&P CNX DEFTY

The S&P CNX DEFTY closed at 791.75 points on April

30 1999 representing a fall of 88.6 points

(-10.06%) over its previous close of 880.35 points on

March 31, 1999. In the month under review, the DEFTY

opened at high of 885.25 on April 01, 1999, falling at its

low of 741.30 on April 28, 1999. The daily movement

of DEFTY is given in the Annexure IIC and in the

Graph 3 :

Graph 3 :

Movement of S&P CNX Defty - April 1999

World Wide Indices

A correlation analysis for the major stock market

indices for the Western and South East Asian markets

was carried out for the month of April 1999. Table 1

shows the returns and the volatility of these indices

and Table 2 shows the respective correlations.

Table 1: Returns and Volatility World Indices

Returns Volatility

DJIA 9.83 0.74

Hang Seng 20.19 1.92

FTSE 4.13 1.15

NIKKEI 225 5.46 1.16

S&P CNX Nifty -8.69 3.26

Table 2 : Correlation of World Indices

DJIA Hang FTSE NIKKEI S&PSeng 100 Index CNXIndex Index NIFTY

DJIA 1 -0.01 0.38 -0.11 -0.14

Hang Seng 1 -0.29 -0.05 0.21

FTSE-100 1 -0.02 -0.52

NIKKIE-225 1 -0.09

S&P CNX NIFTY 1

• The returns have been calculated as a sum of daily

returns for the said period i.e. from April 1, 1999 to

April 30, 1999.

• Volatility is the standard deviation of daily returns

for the said period.

CAPITAL MARKET

Additional Features in new NEAT Version (Version

6.90)

1. Buyback Orders

As per SEBI Notification, dated 14 Novermber, 1998,

buyback of securities is now permitted in the

Secondary Market. Buyback orders can be placed

through the Regular Lot (RL) book in the Normal

Market. A member can place a buyback order by

specifying ‘BUYBACKORD’ in the Client Account field

in the order entry screen.

2. Order Attribute Selection

A new feature “Order Attribute Selection” is introduced

in the Capital Market trading software version 6.9.

This will enable users to set default parameters for

two fields - PRO/CLI/WHS and Custodial Participant

id fields in the order entry screens [F1 and F2].

3. Dissemination of New Indices

In addition to Nifty, Midcap and Defty, two new indices

S&P CNX 500 and CNX Midcap 200 are be available

at the trader workstation. Index values for the new

indices will be broadcast at Multiple Indices broadcast

screen and the Index Window. Index statistics with

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respect to these two indices will also be disseminated

in the Market Statistics Report (Bhav Copy) broadcast

to members at the end of trading day.

4. On-Line Backup

A new feature is introduced in On-Line Backup function

[Alt+F7] at trader workstation whereby members can

take backup of orders and trades in either Y2K or

Non-Y2K format

5. Reports

End of day Reports i.e. Trades Done Report, Open

Orders Report and Order Log Report and Market

Statistics Report sent to members are downloaded in

Y2K format. In addition, reports in comma-delimited

format are also downloaded in Non-Y2K format.

6. Offline Order Entry

As a result of Y2K, changes are affected in input and

output file structures of Offline order entry function.

7. Warehousing of Trades

In Version 6.90 warehouse orders can now be entered

in the Regular Lot Book with “NCIT” in the Custodial

Participant id field.

8. Field Structures in Y2K Compliant Format

The new NEAT Version 6.9 is made Y2K compliant

9. Others

* Market By Order [F5] - This function may not be

available Version 6.90 onwards. However, the MBO

screen for Auction Market will still be available.

Outstanding Order Screen [F3] - In the Outstanding

Order detail screen, the field PRO/CLI/WHS field

(which displayes P for Pro, C for Cli and W for Whs)

is removed.

For more details, please refer to circular no. NSE/

CMTR/00925 dated April 23, 1999.

NSE’s Market Performance

The month of April 1999 witnessed a trading volume

of Rs. 35933 crores. More 49 than lakh trades took

place during the period. Average number of daily trades

in the month of April were about 246829. Graph 4

shows movements in Net Traded Value for the month

of April 1999.

Graph 4 :

Movement in Net Traded Value – April 1999

The number of trading days in April were 20 and the

daily average traded value for the period was

Rs. 1796.67 crores as compared with Rs. 2606 crores

in 22 trading days in March 1999. Graph 5 shows

movements in Net Traded Quantity for the month of

April 1999.

Graph 5 :

Movement in Net Traded Quantity – April 1999

The highest number of trades in April at were recorded

on April 17, 1999. On that day, the total value of the

trades was Rs. 2609.50 crores and 911.58 lakh shares

were traded. The business growth on the capital

market segment since inception is given in Annexure

X and Graph 6.

Graph 6 :

Business growth on capital market segment

Market CapitalisationIn April 1999, the market capitalisation on NSE of the

securities commonly traded on BSE and NSE, was

Rs. 4,35,035.38 crores. Stocks whose turnover on

NSE was greater than BSE accounted for a market

share of 74% of the total market capitalisation of these

stocks . Likewise, in case of ‘S&P CNX NIFTY’, ‘A’,

and ‘B1’ group stocks, the market shares was 45%,

45% and 89% respectively. A study of the market

share of securities common on BSE and NSE shows

that 863 of the 1150 securities account for a market

share (in terms of traded volume) of 50% and above

on NSE. Market share in each stock has been

computed by calculating its turnover on NSE as a

percentage of combined cumulative turnover in the

same stock on both the exchanges. In case of S&P

CNX NIFTY securities, 18 securities account for a

market share of 50% and above. It is seen from

Annexure III B that out of the 573 ‘B1’ group stocks,

NSE has greater market share in as many as 473

stocks. Please refer Annexure III B for more details.

Market InformationTop Volume Stocks

The top 10 stocks traded during the month of April

contributed 66% of the total traded value.

The liquidity of the stocks has been determined by

the net traded value and market impact cost. The

market impact cost has been determined for a portfolio

size of Rs.50 lakhs and has been calculated for the

period November 01, 1998 to April 30, 1999.

The top 10 stocks in terms of turnover for the month

of April is given in Annexure VIII.

The Contribution of top stocks to the total traded

value is given below in Table 3:-

Table 3: Contribution of Top ‘N’ Stocks

Top ‘N’ (% Contribution) (% Contribution)

Stocks May’98 - Apr’99 Apr’99

10 68 67

25 86 86

50 93 93

100 97 97

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Web site : http : / / www.nse.co.in Web site : http : / / www.nse.co.in8 9

Trading MembersThe contribution of the top trading members to the

total traded value is given below :

Table 4: Contribution of the top ‘n’ trading members

Top ‘N’ (% Contribution) (% Contribution)

Members May’98 - Apr’99 Apr ’99

10 12 13

25 21 22

50 32 33

100 48 50

Advance/Decline RatioThe daily analysis of the advances and decline ratio

during the month of April 1999 is given in Annexure

IV. On an average, 408 stocks had advanced and

550 stocks had declined for the month of April 1999.

The largest number of advances took place on April

16, when approximately 962 stocks surged in value.

Of the stocks available for trading about 75.97% were

active on the Exchange.

City wise traded details

The city wise contribution to the turnover is given in

Annexure V.

Facts & Figures –April1999

1. Trade Statistics – Annexure VI

2. Performance Data – Annexure VII

3. Top Ten Securities on CM Segment-Annexure VIII

4. Settlement Data – Annexure IX

5. Business Growth on the CM Segment-Annexure X

6. Debenture Volume - Annexure XI

7. Depository Volumes (Rolling Settlement)–

Annexure XIIA

8 Depository Volumes (Compulsorily Demat)

Annexure XIIB

ListingSecurities admitted for trading on the Capital

Market.

The list of securities admitted for trading on the Capital

Market segment and the Depository segment of the

Exchange during the month of April 1999 is given in

Annexure XIII.

NATIONAL SECURITIES CLEARINGCORPORATION LIMITED (NSCCL)

Changes in Margin and Exposure Limit

Requirements

TM clearing members are permitted to submit

securities in electronic form (demat securities) in

addition to the existing options of submission of bank

guarantee, cash and fixed deposit receipts of gross

exposure and intra-day turnover limits (‘Demat Share

Deposit’).

The additional deposits other than deposits in the form

of demat securities will be reduced to the extent of

mark-to-market margin and the gross exposure limit

recalculated accordingly.

If TM clearing members desire to increase the gross

exposure limit, additional deposits by way of securities

in electronic form (‘demat securities’) may be deposited

Such deposit by way of demat securities may not

exceed 75% of the total additional deposit made by a

member. This additional deposit shall be considered

towards computation of gross exposure but shall not

be considered towards meeting margin requirements.

For details please refer to the circular No.NSE/CMPT/

00909 Dated April 13, 1999.

Settlement Guarantee Fund

The corpus of the Settlement Guarantee Fund as on

March 31, 1999 was Rs. 583.84 crore.

WHOLESALE DEBT MARKET

Relaxation of Annual Subscription and transaction

charges for the WDM segment

The Exchange has decided to extend the relaxation

in respect of annual subscription and transaction

charges for the WDM segment. The structure of annual

subscription fee and transaction charges in the WDM

segment for April 1999 to March 31, 2000 will be as

follows:

1. Annual subscription at Rs. 1 lakh per annum and

2. Transaction charges @ 25 paise per Rs. 1 lakh of

trade value subject to a cap of Rs. 1 lakh per annum

The above charges would be applicable for the period

April 1999 to March 31, 2000 and will be reviewed

annually thereafter.

For more details, please refer to circular no. NSE/

WDM/904 dated April 12, 1999.

Participant connectivity to NEAT - WDM trading

system

The participants registered with the WDM segment

of the exchange may take up connectivity to the NEAT-

WDM system in order to view the market on-line.

Apart from viewing the information available on the

NEAT-WDM, the par ticipants can also setup

counterparty exposure limits to control their exposure

against each potential counterparty in the market.

NEAT-WDM trading software has been customized to

report any order entry / execution / reporting of a

trade on the system to the concerned participants.

Such messages are flashed in the message area at

the bottom of screen of the participants’ terminal.

Apart from the on-line messages, Participants also

get the on-line hard-copy order/trade confirmation slip,

as applicable.

The above facilities will enable participants to obtain

instant information in respect of their orders and trades

on the WDM segment of the exchange.

For details please refer to circular no. NSE/WDM/894

dated April 5, 1999.

The WDM segment witnessed trades wor th

Rs.18,524.64 crores in the month of April 1999 as

against Rs.15,206 crores in March 1999. The average

daily value in April 1999 was Rs.882.13 crores as

against Rs. 661.14 crores in the last month. Daily

traded values ranged widely between Rs.415.01crores

on April 01, 1999 and Rs.1426.50 crores on April 08,

1999. Repo trades worth Rs.295 crores were


Govt Sec90.47%

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Graph 7 :

Growth in Traded Value–WDM Segment–April 1999

The ten most active securities accounted for 60.28%

of the total traded value on the segment. Details of

these securities are given in Annexure XV.

Indian Banks accounted for 49.33% of the total traded

value. The share of Primary Dealers in the total traded

value increased to11.03% this month as compared to

10.91% last month. Foreign Bank’s share in the total

traded value was 17.78% as against 21.98 % last

month. Break-up of the traded value for various

categories of participants is given in Chart 3.

Chart 3 :

Participant wise break up of WDM Trades - April 1999

During the month of April 1999, 92 securities with a

total outstanding debt of Rs.13600.06 crores were made

available for trading. Total market capitalisation of all

the securities available on WDM stood at Rs.420044.92

crores as on April 30, 1999.

The turnover for Government Securities was

Rs.16758.69 crores contributing 90.46% of the total

traded value. Treasury Bills accounted for Rs.1045.27

crores or 5.64% of the total traded value. Institutional

bonds and corporate paper were traded for Rs.720.67

crores or 3.89%. Break-up of various categories of

securities traded during the month on WDM is given

in the Chart 4.

Chart 4 :

Security Wise break up of WDM tades - April 1999

The outstandings of various securities on NSE as on

April 30,1999 is given in Table 5

Table 5 : Outstanding of various securities on NSE

Outstandings as on April 30, 1999

Security Type Outstanding Percentage of

(Rs. Cr.) Total

Govt Securities 267119.93 64.20

Others 70700.82 16.99

PSU Bonds 34105.54 8.80

State Loans 31514.41 7.57

Treasury Bills 12646.25 3.04

Total: 416086.95 100.00

MIBID/MIBOR Rates

The MIBID/MIBOR rates for the month of April 1999

are given in Annexure XVI.

Futures & Options

The break-up of the candidates (trading members,

NSE employees, banks and corporates) who have

appeared for the test and passed during the month of

April 1999 is given in Table 6 :

Number of Number ofCity candidates successful

appeared candidates – Apr’99 – Apr’99

Mumbai 09 07

Delhi 03 03

Calcutta 12 02

Chennai 01 01

Total (Apr’99) 25 13

Total (Jul ‘98-Apr’99) 1659 1421

Investor Grievances

Investor Grievances for the month of April 1999

The exchange has an active and efficient dispute

resolution process through which disputes between

investors and trading members are settled. The details

are available in the Annexure XVIII.

Arbitration

The status report for the arbitration cases for the

month of April 1999 is available in the Annexure XIX.

System and Telecom

Y2K Compliance

As per the SEBI directives, All Corporate Members

of the Exchange are suppose to discuss Y2K issues at

all board meetings and monitor the status/

implementation of their Y2K project at the Board level,

on a regular basis.

NSE Brokers/sub-brokers registered with SEBI will

also be required to keep hard copies of all current

records, pertaining to their own and their client’s

operations as on December 30, 1999, so as to ensure

continuity of operations in the event of system failures/

break-down.

For details please refer to circular No.: NSE/Sys/00892

Dated April 1, 1999

NSE-Extranet/NEAT on Windows NT’

NSE-Extranet facility was launched on October 16,

1998, NSE has installed a dedicated server in its

premises which stores various information, which is

useful to the trading members for their daily

operations as well as for upkeep of knowledge about

the Exchange activities and the announcements made

from time to time (eg. Daily Trade reports, clearing

data files, Margin Reports, circulars, etc.). The

corporate trading members can easily access this

information using their NEAT trading server through

the NSE’s VSAT network. The information (files) can

further be picked up (uploaded) to their own server at

their own convenient time (baring trading hours).

It may please be noted that the exchange will soon

stop sending daily reports / circulars etc through FTP

and all members will have to collect the reports /

circulars etc only through the ‘ Extranet Facility ‘.

Therefore the members are requested to take

immediate action to migrate to Windows NT set-up to

avail the above facilities.

Foreign Banks17.76%

Trading Members14.75%

Primary Dealers11.03%

Indian banks49.33%

Fin. Inst./MFs

6.89%Corporates

0.20%


For details please refer to Circular No.: NSE/Sys/00893

Dated April 01, 1999

NSE Network

The expansion of NSE network in different cities and

number of VSATs since November 1994 is presented

in the graph 8. The list of town and cities having NSE

VSAT terminals is given in Annexure XVII

NSE has installed 1936 VSATs in 253 cities across

the country. A break up of VSATs across 253 cities

is given in Table 7.

Table 7: Breakup of cities and VSATs

NO OF VSATs NO OF CITIES VSATs

1 104 104

2 54 108

3 35 105

4 17 68

5 9 45

6-10 15 106

11-25 11 167

26-50 3 112

51-100 2 136

>100 3 985

TOTAL 253 1936

Graph 8 :

Growth of VSATs and cities

A list of staff of HCL COMNET Systems & Services

Ltd with their Telephone/Fax/Pager/Mobile Numbers is

given in the Annexure XX for the reference of members.

Members are requested to contact the nearest centre

to their location for any relevant support.

ANNEXURE I AS&P CNX NIFTY INDEX INFORMATION AS ON APRIL 30, 1999

Sr. Security Equity Market Weightage Beta R2 Volatility MonthlyNo. Symbol Capitalisation (%) (%) Return

(Rs.Crore)as on 30-Apr-99

1 ABB 414,183,560 1209 0.56 0.68 0.26 4.223 (37.61)2 ACC 1,370,123,200 1920 0.89 1.26 0.53 4.198 (2.64)3 ARVINDMILL 1,005,499,450 275 0.13 1.10 0.36 3.355 (14.93)4 ASIANPAINT 401,162,200 834 0.39 0.72 0.33 3.648 (15.14)5 BAJAJAUTO 1,193,908,140 6124 2.85 0.97 0.51 3.963 (16.76)6 BANKINDIA 6,390,000,000 1163 0.54 1.17 0.50 3.857 (9.23)7 BHEL 2,447,600,000 4430 2.06 1.36 0.55 5.119 (23.95)8 BSES 1,377,650,600 1927 0.90 1.02 0.50 5.043 (3.85)9 CASTROL 617,517,280 5113 2.38 0.83 0.55 3.720 (2.13)

10 CIPLA 186,474,000 2555 1.19 0.75 0.27 4.700 (2.14)11 COCHINREFN 689,348,900 957 0.45 0.99 0.34 4.953 6.9712 COLGATE 1,359,928,170 2652 1.23 0.98 0.49 3.795 8.2713 EIHOTEL 523,928,980 885 0.41 0.81 0.26 3.508 (19.91)14 GESHIPPING 2,875,620,540 575 0.27 1.01 0.35 5.245 (11.11)15 GLAXO 597,750,000 4047 1.88 1.00 0.41 5.098 (26.25)16 GRASIM 723,139,700 850 0.40 1.06 0.34 4.512 (24.97)17 GUJAMBCEM 735,764,390 2023 0.94 1.08 0.46 5.158 (7.16)18 HDFC 1,191,140,000 2430 1.13 0.84 0.43 4.563 (11.30)19 HDFCBANK 2,000,000,000 1296 0.60 1.03 0.38 5.342 (6.83)20 HEROHONDA 399,375,000 3507 1.63 0.93 0.19 4.886 0.3421 HINDALC0 744,720,200 4208 1.96 0.82 0.34 5.170 22.0322 HINDLEVER 2,195,694,960 45330 21.09 0.77 0.51 4.339 (8.85)23 HINDPETRO 2,262,200,000 4191 1.95 0.81 0.24 5.695 (3.31)24 ICICI 4,783,824,510 2236 1.04 1.11 0.40 5.346 (5.08)25 IDBI 6,730,933,000 1898 0.88 0.85 0.35 4.562 (6.16)26 IFCI 3,536,158,080 431 0.20 0.87 0.37 5.692 5.1727 INDHOTEL 451,146,950 1304 0.61 0.72 0.31 4.285 (9.62)28 INDRAYON 674,830,410 486 0.23 1.02 0.36 6.149 (13.51)29 INFOSYSTCH 331,067,020 8773 4.08 1.04 0.37 5.032 (9.55)30 IPCL 2,502,249,420 2391 1.11 0.93 0.26 5.924 (13.92)31 ITC 2,454,149,040 23508 10.94 1.08 0.61 5.549 (0.53)32 L&T 2,485,028,850 4871 2.27 1.33 0.67 5.875 (15.90)33 M&M 1,033,705,250 2308 1.07 1.16 0.43 6.176 (1.22)34 MTNL 6,300,000,000 9891 4.60 1.23 0.53 6.083 (11.07)35 NESTLE 964,157,160 5011 2.33 0.88 0.47 5.385 (10.40)36 NIIT 386,521,290 6447 3.00 1.14 0.37 5.927 (11.04)37 ORIENTBANK 1,925,397,000 525 0.24 0.96 0.43 6.039 (13.49)38 P&G 216,404,910 1894 0.88 0.93 0.44 6.136 (12.50)39 RANBAXY 1,158,952,500 6607 3.07 0.90 0.30 7.279 (14.73)40 RELCAPITAL 1,286,504,500 404 0.19 1.15 0.53 7.106 (3.24)41 RELIANCE 9,337,494,030 12666 5.89 1.12 0.59 6.551 4.0342 RELPETRO 11,452,047,000 2113 0.98 0.65 0.29 5.917 (2.12)43 SBIN 5,262,998,720 8331 3.88 1.22 0.58 6.880 (25.72)44 SMITKLBECH 453,806,210 2687 1.25 0.71 0.29 7.141 (13.20)45 TATACHEM 1,806,386,510 1095 0.51 1.03 0.41 7.372 (16.12)46 TATAPOWER 1,162,623,280 755 0.35 0.69 0.30 7.190 (10.41)47 TATATEA 486,218,570 1836 0.85 0.99 0.40 7.759 (22.16)48 TELCO 2,559,209,320 3661 1.70 1.32 0.47 8.072 (15.10)49 TISCO 3,681,374,050 3256 1.51 1.03 0.43 8.238 (14.71)50 TVSSUZUKI 231,000,000 1063 0.49 0.74 0.32 7.469 (4.91)

214947 100.00

* Beta & R2 are calculated for the period 01-May-98 to 30-Apr-99* Beta measures the degree to which any portfolio of stocks is affected as compared to the effect on the market as a whole.* The coefficient of determination (R2) measures the strength of relationship between two variables the return on a security versus that of the

market.* Volatility is the Std. deviation of the daily returns for the period 01-Apr-99 to 30-Apr-99* Last day of trading was April 30

0

50

100

150

200

250

300

Nov

-94

Jan-

95

Mar

-95

May

-95

Jul-9

5

Sep

-95

Nov

-95

Jan-

96

Mar

-96

May

-96

Jul-9

6

Sep

-96

Nov

-96

Jan-

97

Mar

-97

May

-97

Jul-9

7

Sep

-97

Nov

-97

Jan-

98

Mar

-98

May

-98

Jul-9

8

Sep

-98

Nov

-98

Jan-

99

Mar

-99

Month and Year

No.

of C

ities

0

500

1000

1500

2000

2500

No.

of V

SA

Ts

12 13


ANNEXURE I BCNX NIFTY JUNIOR INDEX INFORMATION AS ON APRIL 30, 1999

Sr. Security Equity Market Weightage Beta R2 Volatility MonthlyNo. Symbol Capitalisation (%) (%) Return

(Rs.Crore)as on 30-Apr-99

1 APOLLOTYRE 330,678,590 132 0.28 1.11 0.42 3.784 (22.25)2 ASIANHOTEL 227,957,240 296 0.63 0.48 0.16 2.941 (8.13)3 BANKBARODA 2,960,000,000 1117 2.39 1.08 0.43 3.376 (18.73)4 BATAINDIA 514,206,470 1031 2.21 0.84 0.28 3.871 (27.10)5 BOMDYEING 410,018,290 137 0.29 0.97 0.34 4.049 (22.99)6 BRITANNIA 185,669,670 2779 5.95 0.84 0.41 4.372 2.597 CADBURY 238,014,080 1911 4.09 0.84 0.36 4.738 25.498 CARRIERAIR 234,236,390 473 1.01 0.92 0.38 2.812 (2.65)9 CORPBANK 1,200,000,000 744 1.59 1.03 0.38 4.050 (20.61)

10 DABUR 285,089,500 1833 3.92 1.11 0.46 4.409 (0.92)11 DIGITALEQP 327,300,000 1347 2.88 1.60 0.55 6.211 7.3312 DRREDDY 264,872,380 2331 4.99 1.23 0.54 4.436 1.6013 ESCORTS 722,322,400 392 0.84 0.95 0.45 3.313 (12.64)14 FEDERALBNK 221,694,840 66 0.14 0.99 0.41 3.743 (15.58)15 GLOBLTRUST 1,040,000,000 269 0.58 1.02 0.45 4.167 (20.71)16 GSFC 797,965,550 306 0.66 0.80 0.30 4.649 (0.13)17 HOTELEELA 327,298,120 83 0.18 0.89 0.42 4.224 (15.00)18 ICI 408,700,000 785 1.68 0.99 0.44 4.663 (13.49)19 ICICIBANK 1,650,007,000 391 0.84 0.93 0.36 4.505 (13.50)20 INDSHAVING 128,666,850 1594 3.41 0.87 0.43 4.956 (25.31)21 INGERRAND 315,680,000 1427 3.05 0.83 0.40 5.000 (16.30)22 ITCHOTEL 302,164,920 275 0.59 0.73 0.20 5.031 (10.78)23 LICHSGFIN 750,579,000 269 0.58 1.07 0.42 5.136 (5.79)24 LUPINLAB 310,925,400 315 0.67 1.18 0.45 5.870 (20.83)25 MADRASCEM 119,800,100 386 0.83 0.91 0.45 5.197 (15.69)26 MADRASREFN 1,437,481,000 467 1.00 0.79 0.33 6.037 2.5227 NAGARFERT 3,475,205,930 530 1.13 0.76 0.39 5.596 3.3928 NICOLASPIR 277,083,700 920 1.97 0.82 0.43 5.836 (21.28)29 NIRMA 338,835,000 966 2.07 0.60 0.22 6.256 (17.59)30 NOVARTIS 318,616,240 2501 5.35 0.79 0.32 6.363 (16.24)31 ORCHIDCHEM 173,460,000 192 0.41 1.06 0.37 6.936 (29.60)32 PENTSFWARE 199,695,000 2047 4.38 1.45 0.47 7.320 (15.71)33 PFIZER 117,201,480 1206 2.58 0.72 0.30 7.342 (20.13)34 PUNJABTRAC 202,519,000 2662 5.70 0.77 0.39 6.970 (4.42)35 RECKCOLMAN 329,131,880 1266 2.71 0.97 0.50 7.976 (21.85)36 SATYAMCOMP 260,200,000 2926 6.26 1.55 0.63 8.353 (31.48)37 SIEMENS 283,970,000 659 1.41 1.15 0.42 8.629 (13.98)38 SMITHKLPHA 294,000,000 984 2.11 1.03 0.27 9.092 (37.31)39 SPIC 880,477,000 178 0.38 0.81 0.30 8.869 (6.05)40 STERLITE 441,783,240 777 1.66 1.31 0.48 9.258 (1.62)41 SUNPHARMA 152,148,330 674 1.44 1.19 0.48 10.051 (15.56)42 TATAHYDRO 440,784,400 167 0.36 0.50 0.18 9.404 (23.23)43 TATAUNISYS 122,539,200 1737 3.72 1.14 0.49 10.174 (14.06)44 THOMASCOOK 87,500,000 963 2.06 0.73 0.36 10.023 (21.69)45 TITAN 422,800,000 272 0.58 0.98 0.27 10.619 (18.48)46 UNITEDPHOS 254,742,700 223 0.48 1.41 0.54 10.794 (27.48)47 VYSYABANK 175,516,650 161 0.35 0.61 0.19 10.677 (14.02)48 WARTDEISEL 120,340,000 294 0.63 1.12 0.36 11.622 (19.46)49 WOCKHARDT 350,616,520 975 2.09 1.16 0.51 12.074 (21.98)50 ZEETELE 186,720,000 2293 4.91 1.30 0.45 11.647 26.36

TOTAL 46730 100.00

* Beta & R2 are calculated for the period 01-May-98 to 30-Apr-99* Beta measures the degree to which any portfolio of stocks is affected as compared to the effect on the market as a whole.* The coefficient of determination (R2) measures the strength of relationship between two variables, the return on a security versus that of

the market.* Volatility is the Std. deviation of the daily returns for the period 01-Apr-99 to 30-Apr-99* Last trading day of the month is April 30

ANNEXURE II AS&P CNX NIFTY MOVEMENT FOR THE MONTH OF APRIL 1999

Date Open High Low Close

1-Apr-99 1082.55 1084.05 1062.45 1063.455-Apr-99 1030.65 1036.45 1008.35 1011.406-Apr-99 999.80 1025.95 993.00 1024.207-Apr-99 1027.35 1043.40 1027.00 1031.058-Apr-99 1033.00 1036.95 1015.30 1020.359-Apr-99 1021.55 1022.15 989.75 993.40

12-Apr-99 984.55 999.65 972.70 998.2013-Apr-99 991.05 1006.15 989.90 994.2515-Apr-99 968.40 980.65 964.35 968.6016-Apr-99 970.95 1044.85 965.15 1044.4517-Apr-99 1065.50 1069.55 961.40 966.9519-Apr-99 961.30 1000.60 955.75 993.9020-Apr-99 995.65 1003.70 983.70 995.4021-Apr-99 997.35 1003.40 990.95 996.6522-Apr-99 999.55 1012.00 971.90 981.6523-Apr-99 987.05 994.30 968.15 982.0026-Apr-99 945.90 955.50 931.30 931.3528-Apr-99 928.85 944.45 916.00 943.5029-Apr-99 950.25 966.60 948.40 966.6030-Apr-99 970.90 980.75 969.60 978.20

ANNEXURE II BCNX NIFTY JUNIOR MOVEMENT FOR THE MONTH OF APRIL 1999

Date Open High Low Close

1-Apr-99 2099.75 2103.15 2050.05 2071.905-Apr-99 2015.30 2021.00 1950.25 1954.456-Apr-99 1913.45 1956.35 1889.05 1951.207-Apr-99 1971.25 2001.05 1960.75 1962.708-Apr-99 1967.75 1971.75 1921.65 1933.259-Apr-99 1932.35 1933.90 1860.35 1870.20

12-Apr-99 1849.70 1887.10 1812.90 1874.2513-Apr-99 1860.05 1876.75 1844.95 1847.9515-Apr-99 1795.15 1810.85 1770.65 1776.7516-Apr-99 1760.40 1903.65 1742.45 1897.0517-Apr-99 1960.05 1960.20 1747.15 1752.8519-Apr-99 1721.50 1793.15 1709.85 1782.3020-Apr-99 1780.30 1803.85 1770.45 1803.6021-Apr-99 1824.05 1850.40 1816.85 1841.5522-Apr-99 1841.25 1860.20 1785.55 1806.4523-Apr-99 1810.05 1824.70 1768.10 1789.3026-Apr-99 1705.95 1711.55 1675.25 1683.5028-Apr-99 1668.45 1714.30 1631.90 1713.0529-Apr-99 1728.30 1773.25 1723.60 1772.7030-Apr-99 1791.95 1816.05 1787.85 1809.00

Web

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1617

AN

NE

XU

RE

II CS

&P

CN

X D

EF

TY

MO

VE

ME

NT

FO

R T

HE

MO

NT

H O

F A

PR

IL 1999

Date

Open

High

LowC

lose

1-Apr-99

884.00885.25

867.60868.40

5-Apr-99

841.70846.40

823.30825.85

6-Apr-99

815.50833.25

809.50832.25

7-Apr-99

832.90846.70

832.60837.00

8-Apr-99

839.20842.50

824.95828.75

9-Apr-99

829.55830.00

803.65806.60

12-Apr-99

799.20811.30

789.50810.25

13-Apr-99

803.70815.25

802.80805.80

15-Apr-99

783.80793.25

780.80784.25

16-Apr-99

786.75847.40

782.20847.05

17-Apr-99

864.15867.40

779.70784.20

19-Apr-99

773.55809.55

769.15803.50

20-Apr-99

805.70812.20

796.65806.60

21-Apr-99

809.30814.15

803.40807.10

22-Apr-99

808.95820.60

787.95795.75

23-Apr-99

800.55806.40

783.90794.50

26-Apr-99

763.40770.75

752.75753.10

28-Apr-99

751.90764.60

741.30763.65

29-Apr-99

769.00859.15

767.50782.35

30-Apr-99

785.85793.80

784.80791.75

ANNEXURE III ASummary of Traded Value Comparison between NSE and BSE - Market Capitalisation wise

All Securities Traded Jan-99 Feb-99 Mar-99 Apr-99

MC MS % MC MS % MC MS % MC MS %

Greater Market Share for NSE (Rs. Crore) 283562 64 290370 66 284204.32 59 323202 74

Greater Market Share for BSE (Rs. Crore) 159171 36 152860 34 198634.22 41 111833 26

Total 442733 443230 482838.54 435035

S&P CNX Nifty Securities Jan-99 Feb-99 Mar-99 Apr-99



Greater Market Share for BSE (Rs. Crore) 74584 35 77763 36 131724 55 58879 27

Total 211709 215177 237838.66 214946

CNX Nifty Jr. Securities * Jan-99 Feb-99 Mar-99 Apr-99


Greater Market Share for NSE (Rs. Crore) 13103 33 19233 42 24121 45 21611 46

Greater Market Share for BSE (Rs. Crore) 26959 67 26257 58 29331 55 25119 54

Total 40062 45490 53452 46730

Sensex Securities Jan-99 Feb-99 Mar-99 Apr-99



Greater Market Share for BSE (Rs. Crore) 56007 31 54616 30 105370.1 51 46890 25

Total 183055 184790 206610.7 186904


BS

A ‘A

’ Grp

Sec

uriti

esJa

n-99

Feb-

99M

ar-9

9A

pr-9

9

MC

MS

%M

CM

S %

MC

MS

%M

CM

S %

Gre

ater

Mar

ket S

hare

for N

SE

(Rs.

Cro

re)

1643

7957

1663

7357

1462

92.1

945

1903

4766

Gre

ater

Mar

ket S

hare

for B

SE

(Rs.

Cro

re)

1240

3743

1244

3843

1765

14.6

655

9970

034

Tota

l28

8416

2908

1132

2806

.85

2900

47

BS

E ‘B

1’ G

rp S

ecur

ities

Jan-

99Fe

b-99

Mar

-99

Apr

-99

MC

MS

%M

CM

S %

MC

MS

%M

CM

S %

Gre

ater

Mar

ket S

hare

for N

SE

(Rs.

Cro

re)

9731

278

1106

5180

1122

5089

1224

4794

Gre

ater

Mar

ket S

hare

for B

SE

(Rs.

Cro

re)

2781

922

2692

120

1350

211

7431

6

Tota

l12

5131

1375

7212

5751

1298

78

Jan

99 -

Mkt

Cap

(In

Rs.

crs)

as

on J

an 2

9, 1

999

Feb

99

- Mkt

Cap

(In

Rs.

crs)

as

on F

eb 2

7, 1

999

Mar

99

- Mkt

Cap

(In

Rs.

crs)

as

on M

ar 3

1, 1

999

Apr

99

- Mkt

Cap

(In

Rs.

crs)

as

on A

pr 3

0, 1

999

Sum

mar

y of

Tra

ded

Val

ue C

ompa

rison

bet

wee

n N

SE

and

BS

E -

Mar

ket C

apita

lisat

ion

wis

e

ANNEXURE III BCOMPARISON OF TRADED VALUE IN SECURITIES BETWEEN NSE & BSE

Frequency Table - Commonly Traded Securities

Jan ‘99 Feb ‘99 Mar ‘99 Apr ‘99

% NSE Market No. of % Market Cap No. of % Market Cap No. of % Market Cap No. of % Market Cap

Share Securities to T otal Securities to T otal Securities to T otal Securities to T otal

>= 90% 64 0.54% 55 0.49% 80 2.24% 101 0.70%

>= 80% 223 6.14% 192 4.88% 249 4.38% 298 6.74%

>= 70% 451 14.12% 443 18.92% 522 15.04% 564 18.86%

>= 60% 675 30.95% 673 29.02% 715 33.54% 721 41.38%

>= 50% 816 64.05% 836 65.51% 863 58.86% 851 74.29%

Total 1125 100.00% 1146 100.00% 1150 100.00% 1087 100.00%

Frequency Table - S&P CNX NIFTY Securities

Jan ‘99 Feb ‘99 Mar ‘99 Apr ‘99



>= 90% - - - - - -

>= 80% - - - - - -

>= 70% - - 1 0.21% - - 2 2.10%

>= 60% 2 1.85% 5 7.51% 6 12.64% 8 19.75%

>= 50% 20 64.77% 20 63.86% 18 44.62% 27 72.61%

Total 50 100.00% 50 100.00% 50 100.00% 50 100.00%

Frequency Table - CNX NIFTY JUNIOR Securities

Jan ‘99 Feb ‘99 Mar ‘99 Apr ‘99



>= 90% 1 0.57% 1 0.42% - - 1 0.35%

>= 80% 3 1.24% 3 2.70% 2 2.54% 5 5.17%

>= 70% 6 8.82% 7 7.29% 7 5.54% 8 7.57%

>= 60% 13 25.82% 12 18.87% 12 21.10% 14 19.97%

>= 50% 17 32.71% 24 42.28% 24 45.13% 26 46.25%

Total 49 100.00% 50 100.00% 50 100.00% 50 100.00%


COMPARISON OF TRADED VALUE IN SECURITIES BETWEEN NSE & BSE

Frequency Table - SENSEX Securities

Jan ‘99 Feb ‘99 Mar ‘99 Apr ‘99



>= 90% - - - - - - - -

>= 80% - - - - - - - -

>= 70% - - - - - - - -

>= 60% 1 0.82% 2 7.05% 4 13.31% 4 19.79%

>= 50% 13 69.40% 14 70.44% 13 49.00% 15 74.91%

Total 30 100.00% 30 100.00% 30 100.00% 30 100.00%

Frequency Table - “A” GROUP Securities

Jan ‘99 Feb ‘99 Mar ‘99 Apr ‘99



>= 90% - - - - 1 0.05% - -

>= 80% 1 0.07% - - 1 0.05% - -

>= 70% 4 3.10% 7 5.61% 5 4.97% 5 5.98%

>= 60% 16 9.86% 15 11.98% 19 16.85% 23 20.95%

>= 50% 42 56.99% 49 57.21% 52 45.32% 64 65.63%

Total 150 100.00% 149 100.00% 149 100.00% 149 100.00%

Frequency Table - “B1” GROUP Securities

Jan ‘99 Feb ‘99 Mar ‘99 Apr ‘99



>= 90% 24 1.14% 30 1.20% 32 6.74% 60 1.79%

>= 80% 110 18.30% 117 13.98% 121 13.09% 211 20.39%

>= 70% 258 35.54% 312 44.42% 284 31.81% 424 44.38%

>= 60% 405 70.44% 498 60.95% 405 69.27% 541 84.17%

>= 50% 473 77.77% 592 80.43% 473 89.26% 611 94.28%

Total 574 100.00% 752 100.00% 573 100.00% 728 100.00%

AN

NE

XU

RE

III C

DE

LIV

ER

Y C

OM

PAR

ISIO

N B

ET

WE

EN

NS

E A

ND

BS

E -

VA

LUE

WIS

E

BS

EN

SE

Tota

l (N

SE

+BS

E)

Trad

edD

eliv

ered

Trad

edD

eliv

ered

Trad

edD

eliv

ered

% T

rade

d%

Tra

ded

% D

eliv

ery

% D

eliv

ery

Valu

e (R

s.Va

lue

(Rs.

Valu

e (R

s.Va

lue

(Rs.

Valu

e (R

s.Va

lue

(Rs.

NS

E to

BS

E to

NS

E to

BS

E to

Mon

thcr

s.)

crs.

)cr

s.)

crs.

)cr

s.)

crs.

)T

otal

Tota

lTo

tal

Tota

l

1997

-98

Apr

-Jun

’97

4179

332

7887

225

1403

912

9017

1731

768

%32

%81

%19

%

Jul-S

ep’9

758

607

5027

1043

9618

306

1630

0323

333

64.0

5%35

.95%

78.4

5%21

.55%

Oct

-Dec

’97

5004

659

0195

060

1321

814

5106

1911

957

.06%

30.5

9%61

.91%

29.5

7%

Jan-

Mar

’98

5686

883

0679

924

1352

913

6792

2183

541

.23%

30.0

7%38

.73%

21.6

1%

Tota

l (19

97-9

8)20

7314

2251

336

6604

5909

157

3918

8160

463

.88%

36.1

2%72

.41%

27.5

9%

1998

-99

Apr

-98

2652

947

6629

719

6520

5624

811

286

52.8

4%47

.16%

57.7

7%42

.23%

May

-98

2342

553

3441

243

6889

6466

812

223

63.7

8%36

.22%

56.3

6%43

.64%

Jun-

9822

464

4992

2455

749

9847

021

9990

52.2

3%47

.77%

50.0

3%49

.97%

Tota

l (A

pr-J

un’9

8)72

417

1509

295

519

1840

716

7936

3349

956

.88%

43.1

2%54

.95%

45.0

5%

Jul-9

821

183

3818

2523

039

4046

413

7758

54.3

6%45

.64%

50.7

8%49

.22%

Aug

-98

1817

628

4828

313

4024

4648

868

7260

.90%

39.1

0%58

.56%

41.4

4%

Sep

-98

2751

844

4128

077

4180

5559

586

2150

.50%

49.5

0%48

.49%

51.5

1%

Tota

l (Ju

l-Sep

’98)

6687

711

107

8161

912

144

1484

9723

251

54.9

6%45

.04%

52.2

3%47

.77%

Oct

-98

2218

840

1634

615

5281

5680

292

9860

.94%

39.0

6%56

.80%

43.2

0%

Nov

-98

2008

939

0723

977

3000

4406

669

0754

.41%

45.5

9%43

.43%

56.5

7%

Dec

-98

2659

041

7334

539

4055

6113

082

2856

.50%

43.5

0%49

.29%

50.7

1%

Tota

l (O

ct-D

ec’9

8)68

867

1209

693

131

1233

716

1998

2443

357

.49%

50.4

9%50

.49%

49.5

1%

Jan-

9932

373

6363

4220

859

8174

582

1234

456

.59%

43.4

1%48

.45%

51.5

5%

Feb-

9930

990

6278

4350

970

0074

499

1327

758

.40%

41.6

0%52

.72%

47.2

8%

Mar

-99

3922

590

2762

905

1139

110

2130

2041

861

.59%

38.4

1%55

.79%

44.2

1%

Tota

l (Ja

n-M

ar’9

9)10

2588

2166

814

8622

2437

225

1210

4604

059

.16%

40.8

4%52

.94%

47.0

6%

Apr

-99

2692

172

7732

594

5901

5951

513

178

54.7

7%45

.23%

44.7

8%55

.22%

Tota

l (A

pr-J

un’9

8)72

417

1509

295

519

1840

716

7936

3349

956

.88%

43.1

2%54

.95%

45.0

5%

Tota

l (Ju

l-Sep

’98)

6687

711

107

8161

912

144

1484

9723

251

54.9

6%45

.04%

52.2

3%47

.77%

Tota

l (O

ct-D

ec’9

8)68

867

1209

693

131

1233

716

1998

2443

357

.49%

50.4

9%50

.49%

49.5

1%

Tota

l (Ja

n-M

ar’9

9)10

2588

2166

814

8622

2437

225

1210

4604

059

.16%

40.8

4%52

.94%

47.0

6%

Tota

l (19

98-9

9)31

0750

5996

441

8891

6726

072

9641

1272

2457

.41%

42.5

9%52

.87%

47.1

3%


ANNEXURE IVNO. OF SCRIPS - ADVANCED/DECLINES FOR APRIL 1999

Date Advances Declines Advance / Decline ratio

1-Apr-99 491 543 0.90

5-Apr-99 113 907 0.12

6-Apr-99 389 650 0.60

7-Apr-99 591 399 1.48

8-Apr-99 280 703 0.40

9-Apr-99 165 815 0.20

12-Apr-99 370 535 0.69

13-Apr-99 346 672 0.51

15-Apr-99 286 604 0.47

16-Apr-99 962 67 14.36

17-Apr-99 86 907 0.09

19-Apr-99 573 315 1.82

20-Apr-99 420 567 0.74

21-Apr-99 632 289 2.19

22-Apr-99 246 645 0.38

23-Apr-99 300 581 0.52

26-Apr-99 66 932 0.07

28-Apr-99 507 364 1.39

29-Apr-99 676 216 3.13

30-Apr-99 654 289 2.26

Average 408 550 0.74

ANNEXURE VCITYWISE CONTRIBUTION TO THE TURNOVER - APRIL 1999

City Apr 98 - Mar 99 % Contribution Apr-99 % Contribution

MUMBAI 39.83 41.23

DELHI/GHAZIABAD 18.99 18.43

CALCUTTA 10.33 11.41

CHENNAI 4.18 3.18

HYDERABAD/SECUNDERABAD 3.05 2.76

AHMEDABAD 2.55 2.54

BANGALORE 2.01 1.65

PUNE 1.19 1.30

JAIPUR 1.05 1.11

CHANDIGARH/MOHALI/PANCHKULA 0.85 1.07

KANPUR 1.00 0.96

GAJUWAKA/VISHAKHAPATNAM 1.29 0.92

INDORE 0.79 0.84

COCHIN / ERNAKULAM 0.65 0.75

COIMBATORE 0.92 0.73

BARODA 0.83 0.70

VIJAYAWADA 0.54 0.55

RAJKOT 0.51 0.36

SURAT 0.31 0.28

GURGAON 0.25 0.28

LUDHIANA 0.29 0.25

NAGPUR 0.32 0.25

MEERUT 0.21 0.20

AMRITSAR 0.21 0.20

OTHERS 7.86 8.06

ANNEXURE VITRADE STATISTICS FOR THE MONTH OF APRIL 1999

Date No. of No. of Securities Net Traded Qty. Net Traded Val.

Trades Traded (Lakh Shares) (Rs. Crores)

1-Apr-99 275097 1119 653.25 2389.76

5-Apr-99 240686 1069 555.93 1876.73

6-Apr-99 284580 1114 709.79 2263.10

7-Apr-99 279843 1067 697.30 2427.74

8-Apr-99 217563 1073 486.07 1601.86

9-Apr-99 246885 1051 515.22 1843.76

12-Apr-99 234993 1007 508.46 1757.89

13-Apr-99 256173 1105 609.04 1906.36

15-Apr-99 206565 954 430.99 1623.60

16-Apr-99 236195 1066 640.13 1637.24

17-Apr-99 355837 1032 911.58 2609.50

19-Apr-99 235564 950 531.00 1477.69

20-Apr-99 249080 1065 591.72 1510.12

21-Apr-99 221846 992 507.28 1448.32

22-Apr-99 251161 978 553.91 1700.32

23-Apr-99 249730 968 546.71 1793.04

26-Apr-99 196274 1029 524.50 1219.17

28-Apr-99 217888 932 474.01 1494.72

29-Apr-99 251501 963 721.64 1792.83

30-Apr-99 229121 1025 588.96 1559.64


AN

NE

XU

RE

VII

PE

RF

OR

MA

NC

E D

ATA

FO

R T

HE

MO

NT

H O

F A

PR

IL 1

999

Apr

-98

May

-98

Jun-

98Ju

l-98

Aug

-98

Sep

-98

Oct

-98

Nov

-98

Dec

-98

Jan-

99Fe

b-99

Mar

-99

Apr

-99

Trad

ing

Volu

me

Net

Trd

Val

(Rs.

Cro

res)

3267

234

047

2954

229

531

2301

531

288

2869

624

239

3443

844

670

4499

957

337

3593

3

No.

of T

rade

s46

6227

342

6473

740

9848

139

7944

633

7966

341

6995

035

9620

836

8579

745

5179

254

0115

960

0396

167

7560

949

3658

2

Ave

rage

Dai

ly

Net

Trd

Val

(Rs.

Cro

res)

1634

1792

1343

1284

1151

1422

1435

1154

1565

2351

2143

2606

1796

.67

No.

of T

rade

s23

3114

2244

6018

6295

1730

1916

8983

1895

4317

9810

1755

1420

6900

2842

7228

5903

3079

8224

6829

Del

iver

ies

No.

of S

ettle

men

ts4

54

44

45

45

44

54

Ne

t Trd

Val

(Rs.

Cro

res)

2971

941

243

2455

725

230

2294

024

603

3461

523

977

3453

942

208

4350

962

905

3259

4

Del

iver

ed V

al. (

Rs.

Cro

res)

6520

6889

4998

3940

3239

3441

5281

3000

4055

5981

7000

1139

159

01

% o

f del

iver

y/tr

ade

21.9

4%16

.70%

20.3

5%15

.62%

14.1

2%13

.98%

15.2

6%12

.51%

11.7

4%14

.17%

16.0

9%18

.11%

18.1

0%

Mar

ket C

apita

lisat

ion

On

the

last

day

of t

he m

onth

(Rs.

Cro

res)

5168

0550

2014

4246

9742

5006

4062

9142

5100

3943

1638

9442

4198

6544

9221

4520

8149

1175

4453

80

No.

of C

ompa

nies

list

ed61

561

761

961

561

762

062

062

662

963

263

764

566

2

No.

of C

ompa

nies

per

mitt

ed74

373

873

674

173

773

773

573

167

767

466

860

960

0

Tota

l13

5813

5513

5513

5613

5413

5713

5513

5713

0613

0613

0512

5412

62

S&

P C

NX

Nift

y In

dex

Hig

h12

47.1

511

96.7

011

00.0

010

15.5

593

0.80

945.

2590

4.75

882.

1090

3.85

1016

.30

989.

1510

99.8

010

84.0

5

Low

1117

.15

1037

.95

853.

0589

5.85

830.

1583

2.05

803.

3080

0.10

812.

2588

2.60

907.

4598

4.45

916.

00

Clo

se11

59.3

510

63.1

594

1.65

931.

4085

2.80

904.

9582

4.00

817.

7588

4.25

966.

2098

1.30

1078

.05

978.

20

CN

X N

ifty

Jr. I

ndex

Hig

h17

91.7

016

84.6

016

69.3

015

02.1

015

48.6

015

73.4

015

34.7

014

75.7

015

49.5

017

36.0

518

10.3

520

79.1

021

03.1

5

Low

1339

.75

1467

.30

1177

.20

1280

.15

1412

.95

1442

.25

1359

.50

1355

.15

1373

.45

1517

.30

1612

.80

1798

.50

1631

.90

Clo

se15

88.9

016

20.2

013

42.2

014

50.4

514

83.6

515

38.5

014

19.7

513

79.5

015

19.0

016

92.5

017

73.4

520

69.2

018

09.0

0

NS

E-5

0 D

ivid

end

Yie

ld0.

20%

0.27

%0.

45%

0.16

%0.

13%

0.00

%0.

00%

0.00

%0.

01%

0.00

%0.

03%

0.17

%0.

01% ANNEXURE VIII

TOP TEN SECURITIES ON THE CM SEGMENT FOR APRIL 1999

Securities Net Trd Qty Net Trd Val Avg. Daily Trd No. of Trades

(lakh shares) (Rs. crs.) Val (Rs. crs.) for the month

PENTSFWARE 612 6722 336 348987

SATYAMCOMP 428 5708 285 313800

ITC 317 2965 141 196888

SILVERLINE 671 1580 79 241902

RELIANCE 1120 1420 68 285167

RANBAXY 238 1354 64 155712

SBIN 650 1115 53 209111

ROLTA 765 1085 54 257293

HCL-HP 194 949 47 123750

ZEETELE 93 928 46 68794


AN

NE

XU

RE

IXS

ET

TLE

ME

NT

DAT

A F

OR

TH

E M

ON

TH

OF

AP

RIL

199

9

Set

tlem

ent N

o.19

9901

319

9901

419

9901

419

9901

5

Trad

ing

Per

iod

Mar

31,

199

9A

pr 0

7 -1

999

Apr

14

-199

9A

pr 2

1 - 1

999

Apr

06,

199

9A

pr 1

3, 1

999

Apr

20

-199

9A

pr 2

7 - 1

999

No

of s

crip

s tr

aded

1180

1167

1157

1121

No

of Tr

ades

1051

825

1234

935

1282

759

9185

90

No.

of S

hare

s Tra

ded

(lakh

s)26

15.8

128

04.8

030

90.0

421

23.3

0

Val

ue o

f Sha

res T

rade

d (R

s.cr

)81

77.0

294

92.4

087

97.4

961

26.9

2

Fun

ds-I

n (R

s.cr

)26

7.32

326.

2629

9.47

278.

63

No.

of S

hare

s D

eliv

ered

(lak

hs)

543.

4352

8.72

556.

5643

8.67

Val

ue o

f sha

res

deliv

ered

(Rs.

cr)

1633

.39

1672

.21

1486

.75

1108

.63

No.

of S

hare

s D

eliv

ered

in d

emat

mod

e (la

khs)

196.

3120

8.95

257.

4120

4.87

Val

ue o

f sha

res

deliv

ered

in d

emat

mod

e (R

s.cr

)54

8.28

589.

9963

5.06

433.

98

Sho

rt d

eliv

ery

(auc

tione

d)74

9699

6459

3661

2548

4546

22

Net

del

iver

y to

tota

l tra

ded

(sha

res)

20.7

7%18

.85%

18.0

1%20

.66%

% d

emat

del

iver

y to

tota

l del

iver

y (s

hare

s)36

.12%

39.5

2%46

.25%

46.7

0%

% s

hort

del

iver

y to

net

del

iver

y1.

381.

221.

101.

04

Cum

ulat

ive

figur

es fo

r Set

tlem

ent n

o. 1

9990

16

for t

he F

Y 1

999-

2000

(Mar

ch 3

1, 1

999

to A

pril

27, 1

999)

Sec

uriti

es tr

aded

1234

No.

of T

rade

s44

8810

9

Net

trad

ed q

uant

ity (l

akh

shar

es)

1063

4

Net

trad

ed v

alue

(Rs.

crs

.)32

594

Net

del

iver

ed q

uant

ity (l

akh

shar

es)

2067

Net

del

iver

ed v

alue

(Rs.

crs

.)59

01

% N

et d

eliv

ered

to n

et tr

aded

val

ue18

.10%

ANNEXURE XBUSINESS GROWTH ON THE CAPITAL MARKET SEGMENT

Month Net Trd Val Daily Avg. Val No. of Trades Net Trd Qty

(Rs. crs) (Rs. crs) (lakh shares)

May-95 1204 57 184141 775

Jun-95 1915 87 228821 1173

Jul-95 2077 99 271085 1425

Aug-95 2061 103 261901 1567

Sep-95 2371 113 379828 2053

Oct-95 2987 149 378967 1972

Nov-95 5719 260 611197 3290

Dec-95 7348 367 725786 4239

Jan-96 9838 447 928832 6111

Feb-96 18490 925 1499522 9630

Mar-96 12672 667 1037349 7201

Apr-96 18137 864 1728430 9049

May-96 25289 1100 1911485 11601

Jun-96 29828 1491 2217505 13208

Jul-96 39047 1698 2765610 17278

Aug-96 18092 862 1851633 8980

Sep-96 18472 880 1891395 9577

Oct-96 22338 1117 2090396 11504

Nov-96 17269 822 1751348 8716

Dec-96 16299 858 1838505 8137

Jan-97 32743 1488 3092619 14514

Feb-97 26954 1348 2497481 10950

Mar-97 30035 1581 2718715 12048

Apr-97 22308 1174 2271916 9222

May-97 25342 1207 2746078 10500

Jun-97 39009 1858 3553781 13702

Jul-97 41006 1864 4120749 15328

Aug-97 33095 1655 3443271 12373

Sep-97 33254 1512 3220958 11338

Oct-97 34282 2017 2799456 10500

Nov-97 29974 1578 2826878 10227

Dec-97 32549 1480 3333947 11148

Jan-98 26114 1244 3185741 10486

Feb-98 22593 1189 2625859 8174

Mar-98 30669 1460 4014404 12686

Apr-98 32672 1634 4662273 14369

May-98 34047 1792 4264737 12798

Jun-98 29542 1343 4098481 13265

Jul-98 29531 1284 3979446 10797

Aug-98 23015 1151 3379663 9259

Sep-98 31288 1422 4169950 12593

Oct-98 28696 1435 3596208 10721

Nov-98 24239 1154 3685797 11659

Dec-98 34438 1565 4551792 13850

Jan-99 44670 2351 5401159 17202

Feb-99 44999 2143 6003961 18660

Mar-99 57337 2606 6775609 20154

Apr-99 35933 1797 4936582 11758


ANNEXURE XIDEBENTURE VOLUME FOR THE MONTH OF APRIL 1999

Date Net Traded Net Traded Val No. of Trades

Qty. (in Rs.)

1-Apr-99 33836 2509863.00 124

5-Apr-99 49879 3880711.40 189

6-Apr-99 70705 5190016.35 286

7-Apr-99 26586 4935525.50 135

8-Apr-99 44828 3838108.50 149

9-Apr-99 38084 3796879.00 137

12-Apr-99 44025 3294632.00 177

13-Apr-99 82558 5883796.05 296

15-Apr-99 41230 3550789.00 116

16-Apr-99 868861 54743281.45 173

17-Apr-99 28603 2143930.30 100

19-Apr-99 27885 2184172.25 135

20-Apr-99 70150 5259997.70 276

21-Apr-99 11795 1085366.75 86

22-Apr-99 18193 1716990.00 97

23-Apr-99 20186 1498126.65 117

26-Apr-99 150013 10564576.75 309

28-Apr-99 27484 2185530.00 127

29-Apr-99 44765 3245378.80 146

30-Apr-99 32463 2965028.00 146

TOTAL 1732129 124472699.45 3321

ANNEXURE XII ADEPOSITORY VOLUMES FOR THE MONTH OF APRIL 1999

Date Net Traded Qty. Net Traded Val No. of T rades

(Lakh Shares) (in Rs.)

1-Apr-99 2.33762 5.34 98

5-Apr-99 0.32104 1.46 73

6-Apr-99 3.65794 22.23 140

7-Apr-99 0.85151 11.29 78

8-Apr-99 0.34207 1.61 109

9-Apr-99 1.11815 0.56 120

12-Apr-99 0.72308 6.65 84

13-Apr-99 1.31373 3.29 99

15-Apr-99 1.15425 2.83 76

16-Apr-99 1.63523 2.41 83

17-Apr-99 0.59507 5.28 90

19-Apr-99 2.78863 14.95 48

20-Apr-99 3.003 17.20 114

21-Apr-99 0.37713 1.33 77

22-Apr-99 0.33987 0.83 118

23-Apr-99 1.36938 4.03 76

26-Apr-99 1.85926 15.87 80

28-Apr-99 3.1934 15.57 71

29-Apr-99 0.60782 4.17 77

30-Apr-99 15.7201 57.40 118

TOTAL 43.30828 194.31 1829

Web

site : http : / / w

ww

.nse.co.inW

eb site : http

: / / ww

w.nse.co.in

3031

AN

NE

XU

RE

XII B

DE

PO

SITO

RY

VO

LUM

ES

(CO

MP

ULS

OR

ILY D

EM

AT) A

PR

IL 1999

Date

Net Traded Q

ty.N

et Traded ValN

o. of Trades

(Lakh Shares)

(in Rs.)

1-Apr-99

290.671747.00

131327

5-Apr-99

249.301386.46

122122

6-Apr-99

313.031632.85

138154

7-Apr-99

309.911736.74

133825

8-Apr-99

194.011063.44

98227

9-Apr-99

233.661377.11

130275

12-Apr-99

201.761277.68

116863

13-Apr-99

248.301375.85

120695

15-Apr-99

218.041325.46

119553

16-Apr-99

283.001224.69

118692

17-Apr-99

461.502040.13

191892

19-Apr-99

263.271124.14

126111

20-Apr-99

271.861080.48

124859

21-Apr-99

208.37960.86

100346

22-Apr-99

268.361205.60

126437

23-Apr-99

276.641315.40

129612

26-Apr-99

282.21968.25

114869

28-Apr-99

259.281221.37

132420

29-Apr-99

449.591398.96

142013

30-Apr-99

307.251141.89

127087

TOTA

L5590.03

26604.352545379

* W.E

.F A

pril 05, 1999, 64 securities are compulsorily dem

aterialised (EQ

) series

ANNEXURE XIISECURITIES INTRODUCED FOR TRADING IN THE MONTH OF APRIL 1999

SECURITIES IN THE DEPOSITORY SEGMENT

SYMBOL NAME OF COMPANY SERIES

BFLSOFTWAR B F L Software Ltd AE/BE/BT

BPLSANTECH BPL Sanyo Technologies Ltd. AE/BE/BT

GANESHBENZ Ganesh Benzoplast Ltd AE/BE/BT

GERMANREM German Remedies Ltd AE/BE/BT

IDBIBANK IDBI Bank Limited AE/BE/BT

INDIACEM India Cements Ltd. AE/BE/BT

INDIAPHOTO Kodak India Ltd. AE/BE/BT

ITCHOTEL ITC Hotels Ltd AE/BE/BT

MAARSOFTW MAARS Software International Limited AE/BE/BT

SAMTEL Samtel Color Ltd. AE/BE/BT

SRGINFOTEC SRG Infotec (India) Limited AE/BE/BT

SUNDRMFAST Sundaram Fasteners Ltd AE/BE/BT

TIRUMALCHM Thirumalai Chemicals Ltd AE/BE/BT

TVSELEC TVS Electronics Ltd AE/BE/BT

VDOCONINTL Videocon International Ltd. AE/BE/BT

VESUVIUS Vesuvius India Ltd AE/BE/BT

WESTHATCH Western Hatcheries Ltd AE/BE/BT

WYETHLEDE Wyeth Lederle Ltd AE/BE/BT

BASF BASF India Ltd V1/R1/L1

IDBIBANK IDBI Bank Limited V1/R1/L1

NIIT NIIT Ltd. V1/R1/L1

SOFTSOLINT SSI Ltd V1/R1/L1

APTECH Aptech Limited V2/R2/L2

SOFTSOLINT SSI Ltd V2/R2/L2

GLOBALTELE Global Tele-Systems Ltd. V7/R7/L7

AE : Fully paid up pari passu equity shares for depository segment, market lotBE : Fully paid up pari passu equity shares for depository segment, odd lot 1V% : Fully paid up non pari passu equity shares for depository segment, market lotR% : Fully paid up non pari passu equity shares for depository segment, odd lot 1

SYMBOL NAME OF COMPANY SERIES DESCRIPTION SECURITIES ISSUE FUNDS

ISSUED PRICE RAISED

Initial Public OfferingIDBIBANK IDBI Bank Ltd. EQ Public issue of 4 crore equity shares of Rs. 10 each for

cash at a premium of Rs. 8 per share 1.4E+08 18 252.00

Total Amt. Raised Rs in crs 252.00


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ANNEXURE XIVBUSINESS GROWTH ON THE WDM SEGMENT

Month Net traded Average daily Number of A verage trade

value (Rs. Cr.) value (Rs. Cr.) trades size (Rs. Cr.)

Jun 94 -Mar 95 6,781.15 30.41 1021 6.64

Apr 95 - Mar 96 11,867.68 40.78 2991 3.97

Apr 96 -Mar 97 42,277.60 145.28 7804 5.42

Apr-97 9,512.44 432.38 1488 6.39

May-97 6,484.36 270.18 915 7.09

Jun-97 9,132.56 365.30 1515 6.03

Jul-97 15,545.40 597.90 2347 6.62

Aug-97 11,040.26 480.01 1477 7.47

Sep-97 6,788.28 271.53 1067 6.36

Oct-97 13,046.77 543.62 2081 6.27

Nov-97 8,779.22 381.71 1302 6.74

Dec-97 7,752.52 298.17 1098 7.06

Jan-98 8,823.34 352.93 1168 7.55

Feb-98 6,065.27 275.69 948 6.39

Mar-98 8,292.86 345.54 1415 5.86

Apr-98 13,035.89 592.54 1935 6.74

May-98 9,131.83 397.04 1350 6.76

Jun-98 6,787.81 261.07 1081 6.28

Jul-98 7,287.15 280.28 1101 6.62

Aug-98 8,751.64 380.51 1371 6.38

Sep-98 5,475.36 210.59 835 6.56

Oct-98 5,500.77 250.04 820 6.71

Nov-98 8,454.16 352.26 1315 6.43

Dec-98 8,704.56 334.79 1310 6.64

Jan-99 10,023.44 417.64 1589 6.31

Feb-99 7,110.35 296.26 1167 48.63

Mar-99 15,206.16 661.14 2218 6.86

Apr-99 18,524.64 882.13 2595 7.14

ANNEXURE XVTOP 10 ISSUES IN TERMS OF VOLUME TRADED

FOR THE MONTH OF APRIL 1999

Sec type Security Issue name T raded Value (Rs. Cr.) % Total Traded V alue No. of Trades

GC CG2004 12.50% 2454 13.25 356

GS CG2009 11.99% 1497 8.08 179

GS CG2004 11.98% 1406 7.59 221

GS CG2000 11.40% 1300 7.02 195

GS CG2001 11.55% 1106 5.97 162

GC CG2001 11.75% 840 4.53 126

GS CG2004 11.50% 785 4.24 111

GS CG2010 12.29% 656 3.54 93

GS CG2002 11.15% 568 3.07 85

GS CG2013 12.40% 555 3 72

11167 60.28 1600

ANNEXURE XVINSE MIBID/MIBOR RATES FOR APRIL 1999

OVERNIGHT 14 DAY AT 1 MONTH RATE 3 MONTH RATE

AT 9.40 a.m. 11.30 a.m. AT 11.30 a.m. AT 11.30 a.m.

Date Mibid Mibor Mibid Mibor Mibid Mibor Mibid Mibor

3-Apr-99 8.11 8.31 8.39 9.24 8.95 9.88 10.08 11.06

5-Apr-99 7.95 8.10 8.37 9.17 8.75 9.70 10.11 10.95

6-Apr-99 7.26 7.53 8.31 9.04 8.86 9.65 10.15 10.98

7-Apr-99 6.04 6.32 8.06 8.93 8.63 9.56 10.04 10.93

8-Apr-99 6.25 6.55 7.92 8.80 8.78 9.66 10.09 10.99

9-Apr-99 5.26 5.88 7.91 8.73 8.81 9.62 10.07 10.91

10-Apr-99 6.82 7.06 8.08 8.87 8.56 9.47 9.91 10.77

12-Apr-99 7.96 8.19 8.13 8.89 8.84 9.72 10.07 10.95

13-Apr-99 7.75 7.92 8.16 8.83 8.86 9.61 9.75 10.93

15-Apr-99 7.82 7.94 7.96 8.78 8.64 9.48 9.98 10.82

16-Apr-99 7.90 8.06 8.2 8.86 8.82 9.64 9.98 10.83

19-Apr-99 8.14 8.30 8.23 8.97 8.90 9.74 9.84 10.85

20-Apr-99 8.04 8.18 8.31 8.92 9.01 9.71 9.97 10.87

21-Apr-99 8.44 8.79 8.20 8.98 8.59 9.73 9.65 10.71

22-Apr-99 8.46 8.71 8.22 8.98 8.60 9.62 9.81 10.71

23-Apr-99 6.50 7.22 8.48 9.07 9.00 9.71 9.85 10.50

24-Apr-99 8.94 9.41 8.29 9.10 8.59 9.66 9.59 10.50

26-Apr-99 8.62 8.84 8.25 9.10 9.03 9.88 9.98 10.75

28-Apr-99 8.41 8.60 8.4 9.08 8.98 9.59 9.84 10.70

29-Apr-99 8.25 8.45 8.25 9.01 8.93 9.72 9.83 10.63


ANNEXURE XVIILIST OF TOWNS AND CITIES

STATE LIST OF TOWNS AND CITIES TOTAL NO. TOTAL NO. OFOF CITIES VSATs

Andhra Pradesh Bhimavaram, Cuddapah, Eluru, Gujuwaka,Guntur, *Hyderabad, Kakinada, 31 111Karimnagar, Khammam, Kothagudem, Kurnool, Mirialguda, Nalgonda, Nellore,Ongole, Palakol, Proddatur, Rajamundry, Secundarabad, Suryapet, Tanuku, Tenali,Tirupathi, Vijayawada, Vizag, Vizianagaram, Warangal, Dharamavaram,Srikakulam,Anantpur,Chirala

Assam *Guwahati, Jorhat, Silchar, 3 6

Bihar Bhagalpur, Dhanbad, Jamshedpur, *Patna, Ranchi 5 17

Delhi *Delhi 1 298

Goa Panaji 1 4

Gujarat *Ahmedabad,Anand,*Baroda,Bhavnagar,Bhuj, Botad, Borsad, Dahod,Gandhinagar, 30 156Gandhidham, Jamnagar,Junagadh, Kalol, Mandvi, Mehsana, Morbi, Nadiad,Navsari, Patan, Palanpur, Petlad, *Rajkot, Savarkundla, Surat, Surendranagar,Unjha,Veraval, Vallabh Vidyanagar, Visnagar, Kadi

Haryana Ambala Cantt, Bhiwani, Faridabad, Gurgaon, Hissar, Jagadhri, Jind, Karnal, 17 42Kurukshetra, Nabha, Panipat, Rewari, Rohtak, Sirsa, Yamuna Nagar, Sonepat,Kaithal

Himachal Pradesh Shimla, Parwanoo 2 3

Jammu & Kashmir Jammu, Srinagar 2 5

Karnataka *Bangalore, Belgaum, Chickmagalur, Davangere, Hubli, Madikeri, *Mangalore, 10 60Mysore, Shimoga, Udupi,

Kerala Alappuzha, Aluva, Angamaly, Calicut, *Kochi, Ernakulam, Iringalakuda, 28 67Kanjirapally, Kannur, Kodungallore, Kollam, Kothamangalam, Kottayam, Kattapana,Kunnamkulam, Muvattupuzha, Pala, Palakad, Pathanamthitta, Thalassery,Thiruvalla, Thodupuzha, Trichur, Thiruvananthapuram,Kasaragode,Mavelikara,Mattancherry,**Muddakayam

Madhya Pradesh Bhilai, Bhopal, Bilaspur, Guna, Gwalior, *Indore, Jabalpur, Katni, Korba, Mandsaur, 16 54Nagda, Neemuch, Raipur, Ratlam, Sagar, Ujjain

Maharashtra Ahmednagar, Akola, Amravati, Dhule, Jalgaon, Kolhapur, *Mumbai, Nagpur, Nashik, 13 603*Pune, Sangli, Satara,Kopargaon

Orissa *Bhubaneshwar, Rourkela, Cuttack, Berhampur 4 6

Punjab Amritsar, Bathinda, Chandigarh, Hoshiyarpur, Jalandhar, Khanna, *Ludhiana, 18 60Mandi Gobinagarh, Mansa, Modinagar, Moga, Mohali, Pathankot, Patiala, Barnal,Ferozepur,**Rajpura,**Abohar

Rajasthan Ajmer, Alwar, Bharatpur, Bhilwara, Bikaner, Chittorgarh, Hindaun, *Jaipur, 13 48Jodhpur, Kota, Sikar, Udaipur, Chirawa,

Tamil Nadu *Chennai, Chidambaram, *Coimbatore, Cuddalore, Erode, Karaikal, Karaikudi, 25 133Karur, Kovilpatti, Kumbakonam, Madurai, Nagercoil, Namakkal, Neyveli,Rajapalayam, Salem, Sivakasi, Thanjavur, Tirunelveli, Tirupur, Trichy,Tuticorin,Theni, Hosur,Vellore

Uttar Pradesh Agra,Aligarh, Allahabad, Banda, Bareilly, Dehradun, Farukhabad, Firozabad, 29 109Ghaziabad, Gorakhphur, Haldwani, Haridwar, Hathras, Jaunpur, Jhansi, *Kanpur,Khatauli, Lucknow, Mathura, Meerut, Moradabad, Muradnagar, Muzzafararnagar,Najibabad, Panchkula, Rishikesh, Roorkee, Saharanpur, Varanasi

West Bengal Asansol, *Calcutta, Siliguri, Jalpaiguri 4 152

Union Territory Pondicherry 1 2

*Indicates cities which have a Regional Stock Exchange 253 1936

**Cities activated in April 1999

ANNEXURE XVIIIINVESTOR GRIEVANCES CELL

Status report for the month of April 1999

S.No Details of complaints Against Against Trading Against TradingCompanies Members (received Members (received Total

directly) from SEBI)

I No. of letters received by the department 337 250 16 603

- fresh correspondence 254 54 7 315

- correspondence pertaining to old complaints 83 196 9 288

II No. of letters taken as complaints in the month @ 69 15 4 88

III No. of complaints carried forward from earlier month 407 119 24 550

IV No. of complaints resolved by the department 39 16 1 56

V No. of complaints pending at the

end of the month(II+III-IV) 437 118 27 582

VI No. of complaints referred to Arbitration - - - -

VII No. of complaints pending for more than 3 months 262 85 - 347

VIII No. of E-mails received and replied 12 1 - 13

@ The number of letters taken by the Investor Grievances cell as complaints pertain to those disputes that arise out of trades done on the

Exchange. In case of some of the other letters received by the cell, the complainants are asked for proof of having done the transactions on the

Exchange. Some letters also pertain to investors asking for guidance and information, which are replied to.

List of Trading Members who have more than 5 complaints pending against them for more than one month.

Sr. No. Name of the Trading Member Number of Action initiatedComplaints

pending

1 Lionnaire Holding and Invsts Pvt. Ltd 11 The matter was referred to the DAC at its meeting on

May 4, 1999, the minutes of which are under preparation.

2 NKB Securities 09 TM has been disabled from trading. Pending complaints being

followed up with the TM.

3 Yelkayes Financial Consultants and Investment Ltd. 08 The matter was referred to the DAC at its meeting on May 4,

1999, the minutes of which are under preparation.

4 Arihant Equity Fund Ltd. 07 The matter was referred to the DAC at its meeting on May 4,


5 Vibrant Securities Ltd 06 The matter was referred to the DAC at its meeting on May 4,



ANNEXURE XIX

STATUS REPORT OF ARBITRATION MATTERS AS ON APRIL 30, 1999

YEAR WISE STATISTICS OF CASES RESOLVED/PENDING

No. of cases

Calendar Year Total No. of Cases Withdrawn Awards P ending

1995 2 1 1 0

1996 41 5 36 0

1997 70 3 66 1

1998 164 2 141 21

1999 48 0 4 44

Total 325 11 248 66

STAGE-WISE BREAK-UP OF CASES

No. of cases

Regions On hand at the Received Awards Awards Scheduled Awaiting Pendingbeginning of the during passed / awaited for response for

month the month cases hearing from more thanwithdrawn respondents 4 monthsduring the

month

Mumbai 35 9 11 10 14 9 13

Delhi 16 5 0 11 7 3 5

Calcutta 5 0 3 0 2 0 0

Chennai 12 0 2 2 8 0 3

Total 68 14 16 23 31 12 21

HCL COMNET Systems & Services LtdREGIONS CONTACT PERSON TEL.NO. FAX.NO. MOBILE/PAGER.NO.

NOIDA HO 011-853 5071A/10-11, Sector- III CRD Prasad 011-853 5053 853 0591 9810000000Noida - 201 301 Sanjay Gupta 011-853 5071 853 5048Noida, Dist Gaziabad(UP) Bharaty 011-852 8756

NORTHDelhi Col. Raj Sehgal 011-6453005 645 3009 9811 039566804-807-808 siddharth Manish Seem 011-622 833996 Nerhu place,New Delhi-110019 Aakanksha 011-645 5180

Sanal Kumar 011-645 3011011-642 5095

Lucknow Kamlesh Mourya 0522-325238/328158 63061 PG 9628530384block-2,Arohi Kapur Talo Commerical Complex,Aligunj,Lucknow-260020 M.Bansal 0522-325214

Jaipur Harish S Bhisht 0141-513420/511965 53295 PG 9622104197B-30,Jyoti Marg 0141-511 965Bapunagar, Jaipur

Chandigarh Charanjit Singh 0172-708 088 49601 PG 9622110190SCO,66/67,Sector-17-A 0172-709781Chandigarh-160017

EASTCalcuttaCalcutta (Regional HQ) Snehangshu Mitra 033-476 2262 476 2232 PG 9602-31126653,Amar kunj,Sarat Bose Rd Priya 033-476 2272Calcutta—25 033-476 2282

033-476 5745/46

Guwahati Joseph 0361-540830 0361-524580 PG 9628-303796Rehabari,A K Azad Road, PG 9602-311264Guwahati-781008 PG 9602-311267

SOUTH —1ChennaiChennai ( Regional HQ) Sriram 044-823 3630 044-8234132 MB 9841034581flat 2c,gee gee crecent,114, R. Muthukumar 044-823 3631Poonamelle high rd,chennai-600 084 Naresh 044-822 5770

Coimbatore M. Venkatesh 0422-213 619 217 395c/o HCL HP, UR house 1056 C 0422-213 621avanasni rd,coimbatore-641018 0422-217 394

Secunderabad Sridhar 040-7842832 040-7899389 MB 9849019818510-513,swapna lok complex Sarathy92 & 93 sarojini devi rd. Hyd-500 003

SOUTH—2Bangalore Rajesh Devgiri 080-224 5104 080-224 5262 MB 984403799287/4,Richmond Rd,Banglore-55 Anil.C 080-223 3465 PG 962837992

080-224 5593

Cochin K U Srikumar 0484-362119 370 021 PG 9622 780694Srinivas Chamber,4th flr.4./7290 Nawaz 0484-361746MG rd.Kochi-682035 0484-353 386/361 746

WESTMumbaiMumbai (Regional HQ) Milind Pradhan 022-6541984 - 86 022-6541475 MB 98200 741304th flr keshva bldg Pravin Patankar MB 98200 74068bandra kurla complex Anjali 022-6541480/ 6541473bandra,

Ahmedabad Ashok Pancholi 079-6580271/6780 6586780 PG 9628-291832306,3rd flr,kaling complex, Rakesh Bhavsari PG 9602-508898near mt carmel high school,ashram rd Jyoti NairAhme-380 009

Pune Uday Dhande 020-5538645/8658/8757 020-328757 PG 9622- 350128Roop & Services,grd flr,savarkarudyog bhavan shivaji nagar,pune-411005

Baroda Hemant 0265-339 434 0265-341316 PG 9622-370057204/B Alkapuri Arcade,(oppWelcomegroup of hotels Alkapuri Baroda-390005 Renu 0265-342 959

Indore Achut Bhile 0731-431 650 0731-538195 PG 9622-5800856th flr.arcade silver 55 0731-538 565/541418new palasia,near 56 shop,Indore-452 001

Nagpur Atul Thilarande 0712-779303 0712-779303 PG 9622-562102Interior business centre,65 Lanjwar bhavan Arpana 0712-722174Central Avenue rd,Nagpur-18


LIST OF MANAGERIAL PERSONNEL

NAME DESIGNATION DEPARTMENT TEL. NO.

Dr. R. H Patil Managing Director 493 2578

Mr. Ravi Narain Deputy Managing Director 493 5645

Ms. Chitra Ramkrishna Sr. Vice President WDM, Investments, HRD, Corporate 493 8009

Communication

Mr. Raghavan Putran Sr. Vice President NSCCL 497 2997

Mr. Satish Naralkar Sr. Vice President Systems & Telecom 4954454

Mr. Ashishkumar Chauhan Vice President Capital Market – Operations, Futures & 495 3200

Options, IPO

Mr. J. Ravichandran Vice President & Company Secretary Legal & Secretarial, Finance & Accounts 497 2999

Mr. M. L. Soneji Vice President NSCCL 497 5237

Mr. T. V. Rangaswami Asst. Vice President Membership & Inspection 497 2992

Mr. Ajay Sikri Asst. Vice President WDM 496 0536

Mr. C. Kajwadkar Asst. Vice President Systems 495 4113

Mr. Framroze Pochara Asst. Vice President NSCCL-Securities 497 2971

Mr. G. M. Shenoy Asst. Vice President Systems 4960521

Mr. Hariharan Vaidyalingam Asst. Vice President Systems 496 0588

Mr. N.G.Deshpande Officer on Special Duty Listing , Investor Grievances, Arbitration 494 0219

Mr. S. B. Thosar Officer on Special Duty Premises, Administration 494 4217

Mr. A. Sebastin Manager Chennai Office (044) 822 7824

Mr. Adil Patrawala Manager WDM 4952748

Ms. Chandra Bhattacharjee Manager HRD 4946511

Mr. D. Satish Kumar Manager Legal 494 5964

Mr. Dhruvkumar Patil Manager Listing 4972984

Mr. Girish Joshi Manager NSCCL - Securities 4981162

Mr. Irfan Ahmad Manager Membership 497 5212

Ms. Lalitha M Manager Systems 496 0539

Mr. Mahesh Haldipur Manager Premises 497 2989

Ms. Molly Thambi Manager Calcutta Office (033) 280 1205

Mr. Nayan Mehta Manager Finance & Accounts 4944467

Mr. Neeraj Kulshrestha Manager NSCCL- Clearing House 4972987

Mr. R. Nanda Kumar Manager NSCCL - Development 497 2981

Mr. R. Sundararaman Manager Capital Market – Operations 4945042

Mr. Ravi Varanasi Manager New Delhi Office (011) 3344335

Ms. T. S. Jagadharini Manager F&O 4948241

Ms. Uttama Mukherjee Manager Systems 4960564

Mr. V. Balasubramaniam Manager NSCCL - F&O And Securities Lending 4981147

Mr. Velayudam Mudaliyar Manager Systems 4981145

Mr. Vikas Phadke Manager Finance & Accounts 4975213

Mr. Vinod Kamat Manager Telecom 495 4522

LIST OF CIRCULARS SENT TO TRADING MEMBERS IN THE MONTH OF APRIL 1999

The following are the Circulars sent to the Trading Members during the month of April1999. If the Trading Members do not receive any of theCirculars, they may contact the respective departments in the Exchange for the same.

Circular No. Dated Description

NSE/SYS/00892 April 01, 1999 Y2K Compliance

NSE/SYS/00893 April 01, 1999 Installation Procedure for NSE-Extranet/NEAT on Windows NT

NSE/WDM/00894 April 05, 1999 Participant connectivity to NEAT - WDM trading system

NSE/CMLS/00895 April 05, 1999 Securities Further admitted to Dealings

NSE/CMPT/00896 April 06, 1999 Clarification on Company Objections on account of ‘signature difference’

NSE/CMPT/00897 April 06, 1999 Pay-In of Rectified/Replaced Company Objections

NSE/CMPT/00898 April 06, 1999 Settlement Schedule

NSE/CMPT/00899 April 06, 1999 List of Securities Treated as Bonds

NSE/CMLS/00900 April 07, 1999 List of Securities Admitted to Dealings

NSE/CMPT/00901 April 07, 1999 No Delivery Period for Securities

NSE/CMLS/00902 April 08, 1999 List of Non Pari-Passu Shares

NSE/CMPT/00903 April 08, 1999 ALBM Trading schedule

NSE/WDM/00904 April 12, 1999 Annual Subscription Fee and Transaction Charges

NSE/CMPT/00905 April 12, 1999 Scheme for Deposit of Securities

NSE/CMPT/00906 April 12, 1999 Trading by Institutional Investors and Settlement of Trades in Demat Securities.

NSE/CMTR/00907 April 13, 1999 Live trading from the Pune site on Saturday, April 17, 1999.

NSE/CM/NCFM/00908 April 13, 1999 Certification Test for Capital Market Intermediaries

NSE/CMPT/00909 April 13, 1999 Margin and Exposure Limit Requirements

NSE/CMLS/00910 April 13, 1999 List of Securities Further Admitted to Dealings

NSE/SYST/00911 April 13, 1999 Mock Trading Sessions for the Capital Market Segment,

to Ascertain the Year 2000 Readiness

NSE/CMPT/00912 April 14, 1999 No Delivery Periods for Securities

NSE/CMLS/00913 April 16, 1999 Non Pari Passu Shares

NSE/CMLS/00914 April 16, 1999 List of Non Pari Passu Shares

NSE/WDLS/00915 April 19, 1999 Lost Bond Certificates

NSE/CMPT/00916 April 20, 1999 Settlement Schedule




NSE/CMPT/00920 April 20, 1999 No Delivery Periods For Securities

NSE/CMLS/00921 April 22, 1999 Security Suspended from Trading


NSE/SYS/00923 April 22, 1999 CM Mock Trading For Y2K - Operational Instructions


NSE - Branch Offices

AHMEDABAD

406 Sakar II, Near Ellis Bridge Ahmedabad 380 006

Tel No : ( 079 ) 658 0212/ 658 0213 • Fax No : ( 079 ) 657 6123

CHENNAI

Lakshmineela Ritechoice Chamber 5, Bazullah Road, T. Nagar, Chennai - 600 017

Tel No : ( 044 ) 824 1723 / 24 / 25 • Fax No : ( 044 ) 824 1721

PUNE

Mantri Centre 928, F.C. Road Pune 411 004

Tel No: ( 020 ) 5674061-69; 5672184; 5672187 • Fax No: ( 020 ) 5671551

DELHI

“Thapar House” Western Wing, Mezzanine Floor, Janpath Lane,

124 Janpath, New Delhi 110 001

Tel No: (011)3344313 to 3344327. • Fax No: (011)3366658

HYDERABAD

8-2-677/A/3/, Road No. 12, Banjara Hills, Hyderabad : 500034.

Tel No: ( 040 ) 332 4880/ 4883 • Fax No: (040 ) 332 4632

CALCUTTA

Ideal Plaza, 11/1, Sarat Bose Road, Calcutta 700 020

Tel No: (033) 280 5950-55, 280 1202/03/04 • Fax No: (033) 240 9783

NSE/CMPT/00924 April 22, 1999 Pending Corporate Benefits/Ex-Benefit Square up claims

NSE/CMTR/00925 April 23, 1999 Additional Features in new NEAT Version (Version 6.90)

NSE/CMPT/00926 April 23, 1999 Company Objections


NSE/CMPT/00928 April 23, 1999 No Delivery Periods for Securities

NSE/CMLS/00929 April 28, 1999 Securities Suspended form Trading



NSE/CMPT/00932 April 29, 1999 Debit Advice (Delay & Rectification) Bills and Points


NSE/CMPT/00934 April 29, 1999 ALBM Trading schedule

SYS : System Dept.

CMLS : Capital Market Listing.

CMPT : Capital Market Post Trade Dept.

CMTR : Capital Market Trades Dept.

CM/NCFM : Capital Market/ National Certification for Financial Markets

WDLS : Wholesale Debt Listing.

WDM : Wholesale Debt Market.

42 43