NSE Factbook2010

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    Fact Book

    2010

    NATIONAL STOCK EXCHANGE OF INDIA LIMITEDJune 2010

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    C O N T E N T S

    SECTION 1- NATIONAL STOCK EXCHANGE OF INDIA

    Introduction ...........................................................................................3

    Incorporation and Management ....................................................................3

    Market Segments And Products .....................................................................3

    Achievements/Milestones ...........................................................................5

    Developments during the year......................................................................6

    Facts And Figures .....................................................................................8

    Technology .............................................................................................8

    NSE Family ........................................................................................... 11

    NSCCL ................................................................................................ 11

    NSDL ................................................................................................ 12

    NSE Infotech services Ltd ......................................................................... 12

    NSE.IT ................................................................................................ 12

    IISL ................................................................................................ 12

    Dotex International Ltd. ........................................................................... 12

    NCDEX ................................................................................................ 13

    NCCL ................................................................................................ 13

    PXIL ................................................................................................ 13

    SECTION 2- MEMBERSHIP ADMINISTRATION

    Eligibility Criteria ................................................................................... 19

    Trading Membership ................................................................................ 19

    Clearing Membership ............................................................................... 20

    Currency Derivative Membership ................................................................. 20

    Growth and Distribution Of Members ............................................................ 20

    SECTION 3- LISTING OF SECURITIES

    Listing Criteria ...................................................................................... 27

    Listing Agreement .................................................................................. 27

    Compliance By Listed Companies ................................................................ 27

    Disclosures By Listed Companies ................................................................. 28

    De-Listing ............................................................................................ 28

    CM Segment ......................................................................................... 29

    Listing Fees .......................................................................................... 30

    Shareholding Pattern ............................................................................... 30

    WDM Segment ....................................................................................... 30

    Contd...

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    Funds Mobilisation On the Exchange ............................................................ 31

    Initial Public Offerings (IPOs) ............................................................ 32

    Rights Issues ................................................................................. 32

    Preferential Allotment/ Private Placement............................................ 32

    QIPs ........................................................................................... 32

    SECTION 4- CAPITAL MARKET SEGMENT

    NEAT - CM System................................................................................... 49

    Market Performance ................................................................................ 49

    Trading Volume ............................................................................. 49

    Liquidity ..................................................................................... 50

    Distribution of turnover ................................................................... 51

    Market Capitalisation ...................................................................... 52

    Sectoral Distribution of Top 50 Companies ............................................ 52

    Trading Records during 2008-09 .......................................................... 53

    Internet Trading ............................................................................ 53

    On-line IPOs ................................................................................. 54

    Indices ................................................................................................ 54

    Mutual Funds And Exchange Traded Funds ...................................................... 56

    Charges ............................................................................................... 57

    Clearing & Settlement ............................................................................. 58

    Settlement Agencies ....................................................................... 59

    Settlement Cycles .......................................................................... 60

    Settlement Statistics ...................................................................... 60

    Risk Management System .......................................................................... 60

    Capital Adequacy ........................................................................... 60

    On-Line Monitoring ......................................................................... 60

    Margin Requirements ............................................................................... 61

    Categorisation of newly listed securities ....................................................... 61

    Value at Risk Margin ................................................................................ 61

    Extreme Loss Margin ............................................................................... 62

    Mark to Market Margin ............................................................................. 62

    Close out Facility ................................................................................... 62

    Index based Market wide Circuit Breakers ..................................................... 63

    Settlement Guarantee Fund ...................................................................... 63

    Contd...

    Contd...

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    SECTION 5- WHOLESALE DEBT MARKET SEGMENT

    Trading Mechanism ................................................................................. 87

    Market Performance ................................................................................ 88

    Turnover...................................................................................... 88

    Market Capitalistion ...................................................................... 90

    Transaction Charges ................................................................................ 90

    Settlement ........................................................................................... 90

    FIMMDA-NSE MIBID/MIBOR ......................................................................... 90

    Zero Coupon Yield Curve .......................................................................... 91

    NSE-VAR System ..................................................................................... 92

    GOI- bond Index..................................................................................... 93

    SECTION 6- FUTURES &OPTIONS SEGMENT

    Trading Mechanism ................................................................................107

    Contract Specification ............................................................................107

    Selection Criteria For Stocks And Index Eligibility For Trading .............................108

    Trading Value & Contracts Traded ...............................................................109

    Product wise turnover on F&O segment ...............................................110

    Futures and Options on Benchmark Indices ...........................................111

    Sectorwise Stock Futures & Options Turnover .......................................111

    Participant wise turnover on F&O Segment ...........................................112

    Member wise turnover on the Exchange ...............................................113

    High Volume Members ....................................................................113

    Internet Trading ...........................................................................113

    Traded Value Records ..................................................................... 113

    Top 20 Futures And Options Contracts .........................................................114

    Number of Trades .....................