November 2010

SPOTLIGHT
NSE introduced call auction in pre-open session with effect from October 18, 2010
In a bid to reduce volatility in the opening prices and introduce international standards, NSE introduced call auction
mechanism - an alternative price discovery mechanism to be conducted in the pre-open session. The call auction is
expected to make improvements in the Indian securities market by:
⇒ Giving investors a choice of achieving a zero impact cost trade.
⇒ Reducing bid-offer spreads in the continuous market when any news breaks out in between close of the market on
previous day and the next day's open.

R E G U L ATO RY C H A N G E S
Initiated by SEBI
⇒
Portfolio managers have been asked to charge profit sharing fees after adjusting the 'high water-mark' for interim
contributions and withdrawals by clients.
⇒
Draft offer documents of Issues of size upto ` 100 crore can be filed with regional office of the SEBI.
⇒
The government holding in non promoter category can be excluded from the requirement of minimum 50%
shareholding of non-promoters in demat form.
⇒
SEBI allowed NSE and BSE to introduce European-style or American-style stock options.
⇒
The promoters are not entitled to receive any warrants or shares if they have sold shares in past six months or if they
have allowed warrants to lapse in the previous one year.
⇒
SEBI doubled the investment limit for retail investors in IPO/FPO to ` 2 lakh from ` 1 lakh.
⇒
IDR issuers can now offer simultaneous rights offering in their home country and India.
⇒
Companies proposing public issues have been asked to include a proforma financial statement in case of the
acquisition / restructuring, which is substantial in size.

NSE NEWS
⇒
Launched trading in currency options with effect from October 29, 2010.
⇒
Launched trading in European style stock options contracts expiring on January 27, 2011 and onwards.

NCFM NEWS

⇒
NSE has tied up with St. Stephen's College New Delhi, for NCCMP course.

I N T E R N AT I O N A L N E W S

⇒
Singapore's SGX launched an US $ 8.2bn bid to merge with Australia's ASX to create a powerful Asia-Pacific trading hub.
⇒
CME group begins clearing OTC Interest Rate Swaps.

An investment called India

 November 2010

MARKET REVIEW
Nifty Movements vis-a-vis other International Indices Performance of select sectors vis-a-vis Nifty
(Rebased to 100 for March 31, 2010) (Rebased to 100 for March 31, 2010)
125 150
140
130
100 120
110
100
75 90
Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10

CNX IT CNX FMCG INDEX S&P CNX Finance

Nifty 50 DOW Jones NIKKEI 225 HANG SENG NASDAQ S&P CNX Petrohemicals S&P CNX Pharmaceuticals CNX Bank Nifty
CNX Infrastructure S&P CNX Nifty

Capital Market Segment F&O Segment

5000 300 30000
Avg. Daily Trading Value

Avg. Daily Trading Value

1400
250 24000 1200
4000
Trading Value

Trading Value
200 18000 1000
3000 800
150 12000
600
2000
100 6000
400
1000 50 0 200
Nov-09

Dec-09

Nov-09

Dec-09
Jan-10

Feb-10

Mar-10

Apr-10

May-10

Jun-10

Jul-10

Aug-10

Sep-10

Oct-10

Jan-10

Feb-10

Mar-10

Apr-10

May-10

Jun-10

Jul-10

Aug-10

Sep-10

Oct-10
Currency Futures WDM Segment
4000 210 800 40
Avg. Daily Trading Value

Avg. Daily Trading Value

180 700
3000 35
Trading Value

Trading Value

150 600
120 500 30
2000 400
90
300 25
1000 60
200
20
30 100
0 0 0 15
Nov-09

Dec-09

Nov-09

Dec-09
Jan-10

Feb-10

Mar-10

Apr-10

May-10

Jun-10

Jul-10

Aug-10

Sep-10

Oct-10

Jan-10

Feb-10

Mar-10

Apr-10

May-10

Jun-10

Jul-10

Aug-10

Sep-10

Oct-10

Trading Value (` hundred crore) Avg. Daily Trading Value (` hundred crore)

NSE MARKET STATISTICS NSE's GLOBAL RANKINGS

Segments Percentage Average daily Market Parameters Rank
rd
Turnover ( ` crore) change over turnover Capitalisation Single Stock Futures 3
Sep 2010 Oct 2010 Sep 2010 ( ` crore) ( ` crore) nd
Stock Index Options 2
CM 329,869 360,472 9.28 17,165 7,055,094 rd
Stock Index Futures 3
WDM 45,186 45,913 1.61 2,186 3,451,003 th
F&O 2,736,392 2,824,493 3.22 1,34,500 Market Capitalisation 9
CDS(Currency 284,704 304,213 6.85 14,486 Source : WFE (Rankings done for the period Jan- June 2010). Rankings
Futures) for single stock futures, stock index options and stock index futures is
TOTAL 3,396,151 3,535,091 4.09 10,506,097 based on number of contracts traded.

Prepared by SBU-EDUCATION
National Stock Exchange of India Ltd.
Exchange Plaza, Bandra Kurla Complex, Bandra (E) Mumbai - 400051. Tel No: 022-26598163
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