SEBI - Advisorkhoj.com · 1. Format for Voting Results 1153 2. Format for quarterly holding pattern, disclosure norms for corporate governance 1153 report and manner for compliance

SEBIBULLETIN

DECEMBER 2015 VOL. 13 NUMBER 12

^maVr¶ à{V^y{V Am¡a {d{Z‘¶ ~moS>©Securities and Exchange Board of India

EDITORIAL COMMITTEE

• Mr. Ananta Barua

• Mr. J. Ranganayakulu

• Mr. S. V. Murali Dhar Rao

• Dr. 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. The soft copy of SEBI Bulletin is available free of cost to the subscribers/readers, who register at [email protected] along with their complete address. A readable version of SEBI Bulletin is available at http://www.sebi.gov.in. Any comments and suggestions on any of the features/sections may be sent to [email protected]

SECURITIES AND EXCHANGE BOARD OF INDIA

Contents

Page

CAPITAL MARKET REVIEW 1113

GLOBAL MARKIET REVIEW - DECEMBER 2015 1125

HIGHLIGHTS OF DEVELOPMENTS IN INTERNATIONAL SECURITIES MARKET 1147

PRESS RELEASES 1149 1. SEBI to participate in 35th India International Trade Fair 2015, at New Delhi 1149 2. SEBI signs Memorandum of Understanding on bilateral cooperation with the 1149

Bangladesh Securities and Exchange Commission

3. SEBI Board Meeting 1150

POLICY DEVELOPMENTS 1153

A. Circulars 1153 1. Format for Voting Results 1153 2. Format for quarterly holding pattern, disclosure norms for corporate governance 1153

report and manner for compliance with two-way fungibility of Indian Depository

Receipts (IDRs)

3. Format for Business Responsibility Report (BRR) 1153 4. Streamlining the Process of Public Issue of Equity Shares and Convertibles 1154 5. Annual System Audit, Business Continuity Plan(BCP) and Disaster Recovery (DR) 1155 6. Investor Grievance Redressal System and Arbitration Mechanism 1156 7. Timelines for Compliance with various provisions of Securities Laws by 1157

Commodity Derivatives Exchanges

8. Issue of No Objection Certifi cate for release of 1% of issue amount 1159 9. Non-compliance with certain provisions of SEBI (Listing Obligations and 1160

Disclosure Requirements) Regulations, 2015 and Standard Operating Procedure for

suspension and revocation of trading of specifi ed securities

10. Disclosure of holding of specifi ed securities and Holding of specifi ed securities 1161in dematerialized form

11. Manner of achieving minimum public shareholding 1163 12. Formats for publishing fi nancial results 1163 13. Schemes of Arrangement by Listed Entities and (ii) Relaxation under 1165

Sub-rule (7) of rule 19 of the Securities Contracts (Regulation) Rules, 1957

REGULATORY ACTIONS TAKEN BY SEBI 1166

TABLES 1181

PUBLICATIONS 1228

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DECEMBER SEBI BULLETIN 2015

I Trends in Primary Market

A. Public and Rights Issues

During November 2015, three companies accessed the primary market and mobilised `311 crore compared to `7,715 crore mobilised through 10 issues in October 2015, showing a decrease of 96 percent from the previous month. There were two public issues and one Rights issues during the month. Among the public issues, IPOs garnered ` one crore.During 2015-16 so far, 63 companies have accessed

CAPITAL MARKET REVIEW

the capital market and raised `22,492 crore compared to `10,784 crore raised through 59 issues during the corresponding period of 2014-15 (Exhibit 1). There were 54 public issues which raised `13,862 crore and nine rights issues which raised `8,631 crore during Apr-Nov 2015. Among the public issues, there were 44 IPOs and ten public debt issues.

Exhibit 1: Primary Market Trends (Public & Rights Issues)

Items

Nov-15 Oct-15 2015-16$ 2014-15$

No. of

Issues

Amount

(` crore)

No. of

Issues

Amount

(` crore)

No. of

Issues

Amount

(` crore)

No. of

Issues

Amount

(` crore)

1 2 3 4 5 6 7 8 9

a. Public Issues 2 231 8 6,924 54 13,862 48 7,979

(i) Debt 1 230 4 2,200 10 4,232 18 6,912

(ii) Equity, of which

IPOs 1 1 4 4,724 44 9,629 30 1,067

FPOs 0 0 0 0 0 0 0 0

b. Rights Issues 1 80 2 791 9 8,631 11 2,805

Total Equity Issues a(ii)+b 2 81 6 5,515 53 18,260 41 3,872

Grand Total (a+b) 3 311 10 7,715 63 22,492 59 10,784Notes: 1. IPOs - Initial Public Offers, FPOs - Follow on Public Offers 2. Amount raised through debt issues for the last two months are provisional. 3. $ indicates as on last day of November of the respective year.Source: SEBI

2015, `409 crore was raised through one QIP issues as compared to nil amount raised in October 2015. The cumulative amount mobilised through QIP allotments route during 2015-16, so far, stood at `13,067 crore (Details in Table 10).

B. Private Placement

1. QIPs Listed at BSE and NSE

QIP is an alternative mode of resource raising available for listed companies to raise funds from domestic market. In a QIP, a listed issuer issues equity shares or non-convertible debt instruments along with warrants and convertible securities other than warrants to Qualified Institutions Buyers only. In November

2. Preferential Allotments Listed at BSE and NSE

Preferential allotment also serves as an alternative mechanism of resource mobilization wherein a listed issuer issues shares or convertible securities, to a select group of persons. There were 29 preferential allotments (`4,903 crore) listed at BSE and NSE

during November 2015 as compared to 23 preferential allotments (`16,382 crore) in October 2015. The cumulative amount mobilised through preferential allotments route during 2015-16, so far, stood at `42,160 crore through 240 issues (Details in Table 11).

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3. Private Placement of Corporate Debt

Private placement mechanism dominates the resource mobilization through corporate bonds. In November 2015, ̀ 24,618 crore was raised through private placement route in the corporate bond market and no amount was raised through public issue route. The cumulative amount mobilised through private placement of corporate debt during 2015-16, so far, stood at ̀ 3,11,269 crore (Details in Table 12 and Exhibit 1A).

Further in November 2015, the total amount mobilised through public issue and private placement of debt and equity combined stood at `30,242 crore as against `68,028 crore in October 2015. In 2015-16 (Apr-Nov), `3,88,988 crore was raised through primary market via public issues and private placement of debt and equity.

Exhibit 1A: Total Resources Mobilised by Corporate Sector (Amount in `crore)

Month

Equity Issues Debt Issues Total Resource

Mobilisation

(4+7)Public &

Rights

Private

Placements

Total

(2+3)Public

Private

Placements

Total

(5+6)

1 2 3 4 5 6 7 8

2014-15 9,789 57,362 67,151 9,413 4,04,136 4,13,492 4,80,643

2015-16$ 18,260 55,228 73,488 4,232 3,11,268 3,15,500 3,88,988

Apr-15 8,890 11,517 20,407 710 84,807 85,517 1,05,924

May-15 493 6,133 6,626 0 20,692 20,692 27,318

Jun-15 439 3,013 3,452 0 36,125 36,125 39,577

Jul-15 719 5,482 6,201 164 27,920 28,084 34,285

Aug-15 1,913 2,019 3,932 228 46,564 46,792 50,724

Sep-15 210 5,369 5,579 700 26,612 27,312 32,891

Oct-15 5,515 16,382 21,897 2,200 43,931 46,131 68,028

Nov-15 81 5,313 5,394 230 24,618 24,848 30,242

Notes: 1. Private placement of Equity includes, amount raised through preferential allotments, QIP and IPP mechanism, 2. Public Equity Issues includes IPO, FPO & Rights issues of common equity shares. 3. $ indicates as on last day of November 2015.Source: SEBI

II. Resource Mobilisation by Mutual Funds

In November 2015, there was net outflow from mutual funds amounting to `31,196 crore. While net outflow from private sector mutual funds was `21,041 crore, that from public sector mutual funds was `10,155 crore. During April-November 2015, the total amount raised by all mutual funds was `1,84,263 crore, of which, the share of private sector was 75 per cent and public sector mutual funds was 25 percent. Of the total amount mobilized in 2015-16 so far, debt

funds accounted for 55.3 percent, followed growth/equity funds 36.0 percent and 7.2 percent by balanced schemes. Further, the FoF schemes and GETFs have registered net outflows during April-November 2015 period. The cumulative net assets under management by all mutual funds decreased by 2.2 per cent to ` 1 2,95,131 crore as on November 30, 2015 from `13,24,165 crore as on October 31, 2015 (Details in

Table 64 & 66).Trends in the Secondary Market

During November 2015, the benchmark indices, S&P BSE Sensex and CNX Nifty fell by 1.9 and 1.6 percent to close at 26,145.7 and 7,935.3 respectively on November 30, 2015 (Figure 1). Sensex and Nifty

touched their respective intraday highs of 26,824.3 and 8336.3 on November 02, 2015 and November 04, 2015 respectively. Sensex touched intraday low of 25,451.4 and Nifty at 7714.2 on November 16, 2015.

III. Trends in the Secondary Market

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Figure 1: Movement of Sensex and Nifty

Reflecting the downtrend in market movements, the market capitalisation of BSE and NSE fell by 0.6 percent and 0.2 percent to ` 98,88,227 crore and `96,75,669 crore, respectively, at the end of November 2015 from `98,33,359 crore and `96,54,114 crore,

recorded at the end of October 2015. The P/E ratios of S&P BSE Sensex and CNX Nifty were 20.6 and 21.5, respectively at the end of November 2015 compared to 21.4 and 22.1 a month ago (Exhibit 2).

Exhibit 2: The Basic Indicators in Cash Segment

2014-15 2015-16$ Oct-15 Nov-15Percentage change

over previous month

1 2 3 4 5 6

A. Indices

S&P BSE Sensex 27,957 26,146 26,656.8 26,145.7 -1.9 CNX Nifty 8,607 7,935 8,065.8 7,935.3 -1.6B. Market Capitalisation

BSE 1,01,49,290 98,88,227 98,33,359 98,88,227 0.6 NSE 99,30,122 96,75,669 96,54,114 96,75,669 0.2C. Gross Turnover

BSE 8,54,845 4,95,840 58,143 50,799 -12.6 NSE 43,29,655 28,47,352 3,33,801 3,07,150 -8.0D. P/E Ratio

S&P BSE Sensex 19.5 20.6 21.4 20.6 -3.8 CNX Nifty 22.7 21.5 22.1 21.5 -2.8E. No. of Listed companies

BSE 5624.0 5806.0 5788.0 5806.0 0.3 NSE 1733.0 1786.0 1781.0 1786.0 0.3

$ indicates as on last day of November of the respective year.Source: BSE, NSE

The monthly turnover of BSE (cash segment) decreased by 12.6 percent to ̀ 50,799 crore in November 2015 from `58,143 crore in October 2015. The monthly turnover of NSE (cash segment) decreased by 8.0 percent to `3,07,150 crore in November 2015

from `3,33,801 crore in October 2015. The gross turnover at the cash market segments at BSE and NSE during April-November 2015 was `4,95,840 crore and `28,47,352 crore respectively.

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Figure 2: Trends in Average Daily value of Sensex and BSE Turnover

There was a widespread loss in majority of sectoral and other indices during November 2015. At the end of November 2015, of the 15 indices (each at BSE and NSE), 12 recorded negative return at BSE and 10 indices at NSE closed negative. Among BSE indices, BSE Metal index decreased the most by 8.2 percent, followed by BSE Capital Goods index (6.4 percent) and BSE PSU index (3.2 percent). Among NSE indices, in November 2015, CNX Infrastructure index decreased the most by 4.3 percent, followed by

CNX PSE Index (3.2 percent) and CNX Nifty Junior index (2.4 percent). During November 2015, the daily volatility of BSE Metal index was the highest at 2.3 percent, followed by BSE Bankex index (2.0 percent) and BSE Capital Goods index, (1.7 percent). At NSE, among all the indices, daily volatility of CNX Bank Nifty index was the highest at 1.9 percent, followed by CNX Finance (1.8 percent) and CNX Infrastructure index (1.7 percent) during November 2015 (Exhibit 3).

Figure 3: Trends in Average Daily Values of Nifty and NSE Turnover

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Exhibit 3: Performance of Indices at BSE and NSE during November 2015 (Percent)

BSE NSE

Index Change over

Previous monthVolatility Index

Change over Previous month

Volatility

1 2 3 4 5 6BSE Sensex -1.9 0.8 CNX Nifty -1.6 0.8BSE 100 -1.4 0.7 CNX Nifty Junior -0.6 0.8BSE 200 -1.1 0.7 CNX 500 -1.0 0.7BSE 500 -0.8 0.7 CNX Mid-cap 0.1 0.8BSE Small Cap 2.8 0.8 CNX 100 -1.5 0.7BSE FMCG 0.8 0.9 CNX Defty -4.0 0.8BSE Consumer Durables 5.0 0.9 CNX IT -2.4 1.0BSE Capital Goods -2.4 1.0 Bank Nifty 0.4 1.0BSE Bankex 0.7 1.0 Nifty Mid-cap 50 3.0 1.0BSE Teck -2.8 1.0 CNX Infrastructure -2.2 0.8BSE Oil & Gas 2.9 1.2 CNX PSE 0.5 0.9BSE Metal -2.6 1.0 CNX Finance -1.3 0.9BSE Auto 4.4 0.9 CNX Pharma -12.7 1.2BSE PSU 1.5 0.8 CNX MNC -2.0 0.8BSE Healthcare -9.8 1.1 CNX Media 1.1 1.4

Source: BSE and NSE

IV. Trends in Depository Accounts

The total number of investor accounts was 142.1 lakh at NSDL and 102.9 lakh at CDSL at the end of November 2015. In November 2015, the number of investor accounts at NSDL and CDSL increased by 0.2 percent and 0.8 percent, respectively, over

the previous month. A comparison with November 2014 showed there was an increase in the number of investor accounts to the extent of 4.9 percent at NSDL and 11.2 percent at CDSL (Details in Table 70).

V. Trends in Derivatives Segment

A. Equity Derivatives

India is one of the vibrant markets for exchange traded equity derivatives in the world. The trading volumes in the equity derivative market surpassed that of the cash segment turnover by 12.4 times in November 2015. The monthly total turnover in equity derivative market at NSE decreased by 1.9 percent to `43,47,054 crore in November 2015 from `44,29,629 crore in October 2015 (Figure 4). The index options segment has been the clear leader in the product-wise turnover of the futures and options segment in the NSE. In November

2015, the turnover in the index options category was 73.6 percent of the total turnover in the F&O segment of the NSE. During November 2015, index futures, stock futures and stock options recorded decrease in turnover over the previous month, while index options segment registered increase in turnover as compared to previous month. The open interest in value terms in equity derivative segment of NSE increased by 3.6 percent to `1,81,087 crore as on November 30, 2015 from `1,74,768 crore as on October 31, 2015.

Figure 4: Trends of Equity Derivatives Segment at NSE (`crore)

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The monthly total turnover in equity derivative segment of BSE decreased by 67.3 percent to `1,05,526 crore in November 2015 from `3,22,277 crore in October 2015. While index options comprised 96.3 percent of BSE’s equity derivative turnover, stock options constituted 3.3 percent. During November 2015, index futures, index options and stock futures recorded decrease in turnover over the previous month, while stock options segment registered growth in turnover as compared

to previous month. The open interest in value terms in equity derivative segment of BSE increased by 11.5 percent to `272 crore as on November 30, 2015 from `244 crore as on October 31, 2015. In November 2015, NSE had 97.6 percent share in total equity derivatives turnover in India while BSE’s share was 2.4 percent. In terms of open interest (in value terms), NSE had 99.85 percent share while BSE had 0.15 percent share (Exhibit 4).

Exhibit 4: Trends in Equity Derivatives Market

Particular

NSE BSE

Nov-15 Oct-15

Percentage

Change Over

Month

Nov-15 Oct-15

Percentage

Change Over

Month

1 2 3 4 5 6 7

A. Turnover (` crore)

(i) Index Futures 2,89,439 3,35,582 -13.8 405 958 -57.7 (ii) Options on Index Put 14,47,834 15,34,880 -5.7 22,410 2,74,380 -91.8 Call 17,49,524 16,45,579 6.3 79,201 44,410 78.3 (iii) Stock Futures 5,97,633 6,27,671 -4.8 16 52 -68.7 (iv) Options on Stock Put 86,405 96,745 -10.7 1,650 1,061 55.5 Call 1,76,221 1,89,173 -6.8 1,843 1,416 30.1

Total 43,47,054 44,29,629 -1.9 1,05,526 3,22,277 -67.3

B. No. of Contracts

(i) Index Futures 51,39,901 1,15,02,566 -55.3 7,790 22,040 -64.7 (ii) Options on Index Put 2,52,28,432 6,61,38,404 -61.9 4,40,825 69,46,843 -93.7 Call 2,92,69,261 6,71,66,048 -56.4 14,88,080 10,51,513 41.5 (iii) Stock Futures 1,18,76,912 2,07,17,819 -42.7 332 2,638 -87.4 (iv) Options on Stock Put 17,40,663 35,40,218 -50.8 30,652 36,781 -16.7 Call 33,15,699 64,45,041 -48.6 37,518 49,309 -23.9

Total 7,65,70,868 17,55,10,096 -56.4 20,05,197 81,09,124 -75.3

C. Open Interest in terms of Value ( ` crore)

(i) Index Futures 19,452 21,475 -9.4 218 222 -1.8 (ii) Options on Index Put 43,654 39,718 9.9 19 9 104.7 Call 47,431 46,746 1.5 19 9 107.2 (iii) Stock Futures 61,986 58,206 6.5 2 2 7.1 (iv) Options on Stock Put 3,100 3,129 -0.9 9 1 1,271.9 Call 5,464 5,496 -0.6 4 0 1,234.4

Total 1,81,087 1,74,768 3.6 272 244 11.5

D. Open Interest in terms of No of Contracts

(i) Index Futures 3,35,105 3,65,066 -8.2 4,171 4,166 0.1 (ii) Options on Index Put 7,41,448 6,62,522 11.9 368 174 111.5 Call 8,03,973 7,80,520 3.0 364 170 114.1 (iii) Stock Futures 12,30,246 11,51,650 6.8 43 40 7.5 (iv) Options on Stock Put 61,430 62,544 -1.8 204 12 1,600.0 Call 1,07,460 1,10,489 -2.7 79 7 1,028.6

Total 32,79,662 31,32,791 4.7 5,229 4,569 14.4

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B. VIX Futures at NSE

NSE introduced futures contracts on India VIX in Futures & Options segment of NSE w.e.f. February 26, 2014. India VIX is India’s first volatility Index which is a key measure of market expectations of near-term. The contract symbol is INDIAVIX and 3 weekly futures contract were made available for trading. The

contracts shall expire on every Tuesday. The tick size is 0.25 and lot size is 550. During November 2015, eleven VIX futures contracts with total value of `0.9 crore were traded at F&O segment of NSE (Figure 5). The open interest in INDIAVIX contracts was zero at the end of November 2015.

Figure 5: Trends in VIX futures at NSE

C. Currency Derivatives at NSE, MSEI and BSE

During November 2015, the monthly turnover of currency derivatives at NSE decreased by 6.2 percent to `3,35,711 crore from `3,57,978 crore in October 2015. The turnover of currency derivatives at BSE decreased by 3.5 percent to `1,80,138 crore in November 2015

from `1,86,708 crore in October 2015. At MSEI, the monthly turnover of currency derivatives decreased by 13.8 percent to `19,275 crore in November 2015 from `22,351 crore in October 2015 (Figure 6) (Details in Table 42, 43 and 44).

Figure 6: Trends of Currency Derivatives at NSE, MSEI and BSE (`crore)

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D. Interest Rate Derivatives at NSE, BSE and MSEI

During November 2015, the monthly turnover of currency derivatives at NSE decreased by 6.2 percent to `3,35,711 crore from `3,57,978 crore in October 2015. The turnover of currency derivatives at BSE decreased by 3.5 percent to `1,80,138 crore in November 2015

from `1,86,708 crore in October 2015. At MSEI, the monthly turnover of currency derivatives decreased by 13.8 percent to `19,275 crore in November 2015 from `22,351 crore in October 2015 (Figure 6) (Details in

Table 42, 43 and 44)

Figure 7: Trends of Interest Rate Derivatives at NSE, BSE and MSEI (` crore)

VI. Commodities Futures Markets

During November 2015, the benchmark index MCXCOMDEX and NCDEX Dhaanya decreased by 5.6 percent and 1.3 percent respectively to close at 2651.4 and 2869.3 respectively on November 30, 2015 (Figure 8). MCXCOMDEX touched an intraday

high of 2821.5 on November 4, 2015 while touching an in intraday low of 2570.5 on November 23, 2015. NCDEX Dhaanya touched an intraday high of 2958.9 on November 6, 2015 and an intraday low of 2826.5 on November 24, 2015. (Details in Table 74 & 75)

Figure 8: Movement of Commodity Futures Market Indices

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MCXCOMDEX recorded a volatility of 0.8 percent during November 2015 while NCDEX Dhaanya recorded a volatility of 1.0 percent. The volatility and

return of commodity futures market indices is shown in the Exhibit 5 below:

Exhibit 5: Performance of Indices at MCX and NCDEX during November 2015 (Percent)

MCX NCDEX

IndexChange over

Previous monthVolatility Index

Change over

Previous monthVolatility

1 2 3 4 5 6

MCXCOMDEX -5.6 0.8 Dhaanya -1.3 1.0

MCX Metal -5.9 0.8

MCX Energy -7.3 1.8

MCX Agri -0.5 0.6

The total turnover in the commodities segment at MCX was `4,01,674 crore in November 2015 registering a decline of 14.3 percent from `4,68,663 crore registered in October 2015. The turnover of Bullion stood at 34.0 percent of the total turnover while that of the Energy segment was at 35.1 percent. Agricultural commodities had a share of 1.7 percent in the total turnover at MCX while the contribution of metals was 29.2 percent.The total turnover at NCDEX decreased from `1,08,477 crore in October 2015 to `75,562 crore in November 2015 indicating a decrease of 30.3 percent. The contribution of agricultural commodities in the total turnover stood at 96.9 percent while that of the Bullion segment stood at 3.1 percent.

The total turnover at NMCE declined from `1,817 crore in October 2015 to `1,605 crore in November 2015 indicating a 11.7 percent decrease. The entire turnover at the exchange is contributed by the agricultural commodities.The total turnover in agricultural commodities at all the three exchanges stood at `81,643 crore while that of the non - agricultural commodities stood at `3,97,199 crore. The total turnover of agricultural commodities was the highest at NCDEX (`73,238 crore) followed by MCX (`6,800 crore) and NMCE (`1,605 crore). The total turnover of non- agricultural commodities was the highest at MCX (`3,94,874 crore) followed by NCDEX (`2,325 crore).(Details in Table 78, 79 & 80)

Figure 9: Turnover of Agricultural Commodities Futures at Exchanges (`crore)

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Rajkot Commodity Exchange Ltd. recorded a turnover of `158 crore in November 2015 as against `219 crore in October 2015, with only castor seed contracts being traded at the exchange. At Chamber of Commerce,

Hapur the monthly turnover was recorded at `899 crore in November 2015 against `1,319 crore in October 2015, with only the contracts on mustard seed being currently being traded at the exchange.

VII. Trading in Corporate Debt Market

During November 2015, 1,132 trades with a traded value of `14,672 crore was reported on BSE compared to 1,784 trades with a traded value of `22,528 crore reported in October 2015.At NSE, 3,263 trades were

reported in November 2015 with a traded value of `56,900 crore compared to 4,637 trades with value of `79,015 crore in October 2015 (Figure 11) (Details in

Table 13).

Figure 10: Turnover of Non- Agricultural Commodities Futures at Exchanges (`crore)

Figure 11: Trends in Reported Turnover of Corporate Bonds (` crore)

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VIII. Trends in Institutional Investment

The institutional investment was positive in Indian markets in November 2015.

A. Trends in Investment by Mutual Funds

The total net investment in the secondary market by mutual funds was `37,387 crore in November 2015 compared to `27,947 crore in October 2015. They invested `6,548 crore in equity in November 2015 compared to `2,935 crore in October 2015. In the debt segment, mutual funds invested `30,839 crore in November 2015 as against `25,011 crore in October 2015 (Figure 12). During 2015-16 (April-November), the total net investment by mutual funds was `2,79,458 crore of which `2,20,933 crore was in debt

and `58,525 crore in equity.As on November 30, 2015 there were a total of 2,191 mutual fund schemes of which income/debt oriented schemes were 1,618 (73.8 percent), growth/equity oriented schemes were 463 (21.1 percent), exchange traded funds were 53 schemes (2.4 percent), balanced schemes were 26 (1.2 percent) and fund of funds investing overseas schemes were 31 (1.4 percent). (Details in Table 67 & 68)

Figure 12: Trends in Mutual Funds Investment (`crore)

B. Trends in Investment by Foreign Portfolio Investors (FPIs)

In November 2015, FPIs recorded net outflows amounting to `10,826 crore. There was a net outflow in equity segment of `7,074 crore while debt segment witnessed a net outflow of `3,752 crore (Figure 13). During 2015-16 (April-November 2015), the total net outflows by FPIs in the Indian stock market was `7,009 crore, comprising of a net outflow of `15,849 crore in the equity segment and inflow of `8,842 crore

from the debt segment.The assets under custody of FPIs at the end of November 2015 stands at `23,08,769 crore, out of which the value of offshore derivative instruments including ODIs on derivatives is `2,54,600 crore, constituting 11.0 percent of the total asset under custody of FPIs. (Details in Table 60, 61 & 62)

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Figure 13: Trends in FPIs Investment (`crore)

Total assets under management (AUM) of portfolio management services (PMS) industry has increased by 1.6 percent to `9,94,588 crore in November 2015 from `9,94,588 crore in October 2015. As on November 30, 2015, AUM of discretionary PMS constitute 76.1 percent of the total AUM of PMS followed by advisory PMS (18.4 percent) and non-discretionary

PMS (5.5 percent).In terms of number of clients, discretionary services category leads with total of 50,890 clients, out of 56,739 clients in PMS industry, followed by non-discretionary category with 3,570 clients and advisory category with 2,279 clients. (Details in Table 69)

In November 2015, seven open offers with offer value of `157 crore were made to the shareholders as against

IX. Trends in Portfolio Management Services

X. Trends in Substantial Acquisition of Shares and Takeovers

five open offers with offer value of `1,677 crore in October 2015. (Details in Table 4)

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GLOBAL MARKET REVIEW - DECEMBER 2015

Introduction:

1.1. Global equity markets remained lacklustre in November 2015 with MSCI World Index returning -0.7 per cent returns. Focus remained on the prospect of a US rate rise as US dollar strengthened further against all the major currencies ahead of FOMC meeting on December 16, 2015. Eurozone equities outperformed other regions, supported by expectations that the European Central Bank would announce further monetary policy easing in December. Emerging markets lagged their developed counterparts as the stronger US dollar weighed on emerging market currencies. Renewed commodity price weakness had a negative impact on several markets. In fixed income markets, the diverging outlook for monetary policy saw US sovereign yields rise while those in the eurozone declined.

1.2. The US economy expanded by 2.1 per cent (Q-o-Q) (in annualised terms) in Q3 2015 compared to a growth rate of 3.9 per cent in Q2 on account of downturn in private inventory investment. The British economy advanced 2.3 per cent year-on-year (Y-o-Y) in the third quarter of 2015, slowing down marginally from a 2.4 per cent expansion in the second quarter of 2015. Revised data confirmed that the Japan avoided a recession in Q3 as investment was stronger than previously reported. Japan’s real GDP grew by 1.0per cent (Q-o-Q) (in annualised terms) in Q3 as compared to 0.8per cent contraction estimated in the first estimate. Euro area real GDP increased by 1.6 per cent (Y-o-Y) in the third quarter of 2015, following a rise of 1.5 per cent in the previous quarter.

1.3. Relative to last year, growth in advanced economies is expected to pick up slightly, while it is projected to decline in emerging market and developing economies. With declining commodity prices, depreciating emerging market currencies, and increasing financial market volatility, downside risks to the outlook have risen, particularly for emerging market and developing economies. Global activity is projected to gather some pace in 2016.

United States:

• The US economy expanded by 2.1per cent (Q-o-Q) (in annualised terms) in Q3 2015 compared to a growth rate of 3.9per cent in Q2 2015. Consumer prices in the US increased 0.5per cent (Y-o-Y) in November 2015 compared to 0.2per cent in October 2015. The unemployment rate fell to 4.8per cent in November 2015.

United Kingdom

• The UK economy advanced 2.3per cent (Y-o-Y) in Q3 2015, slowing from a 2.4per cent expansion in Q2 2015. CPI inflation remained increased marginally to 0.1per cent (Y-o-Y) from -0.1 per cent in previous month. The unemployment rate decreased to 5.2per cent in three months to October 2015.

Japan:

• The Japan economy expanded 1per cent (Y-o-Y) in Q3 2015, same as in Q2 2015. Consumer prices in the Japan were flat (Y-o-Y) in September 2015, slowing down from 0.2per cent in August 2015. Unemployment rate in Japan was 3.4per cent in September 2015, the same as in previous month.

Euro Zone:

• The Eurozone economy expanded 1.6per cent (Y-o-Y) in Q3 2015, slightly higher than 1.5per cent in Q2 of 2015. During October 2015, annual inflation in Euro Area increased to 0.2per cent (Y-o-Y) compared to 0.1per cent in previous month. Unemployment rate in the EA19 decreased slightly to 10.7per cent in October 2015 from 10.8 per cent in previous month.

BRIC Nations:

• Real GDP of Brazil contracted further by 4.5per cent (Y-o-Y) in Q3 2015, compared to -2.6 per cent in Q2 2015. Annual CPI inflation grew to 10.5per cent in November 2015. Unemployment increased marginally to 7.9per cent in October 2015.

• Real GDP of Russia contracted by 4.1per cent (Y-o-Y) in Q3 of 2015. Annual CPI inflation decreased marginally to 15per cent in November 2015. Unemployment rate in Russia increased to 5.5per cent in October 2015 from 5.2per cent in previous month.

• India’s real GDP grew by 7.4per cent (Y-o-Y) in Q3 of 2015(new series). IIP grew by 9.8per cent (Y-o-Y) in October 2015, strongest since 2011. Consumer prices grew by 5.4per cent (Y-o-Y) in November of 2015, compared to 5per cent in October 2015.

• During Q3 2015, real GDP of China grew by 6.9per cent (Y-o-Y), slightly down from 7per cent in Q2 2015. In October 2015, the annual CPI inflation increased to 1.5per cent from 1.3per cent in previous month.

Snapshots

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2. Major Recent Developments Across the Globe:

2.1. Us Federal Reserve hikes interest rate first time

since 2006:

2.1.1 US Federal Open Market Committee (FOMC), in its meeting on December 16, 2015, raised the range of its benchmark interest rate (Federal Fund Rate) by a 25 bps to between 0.25 per cent and 0.50 per cent from present 0 per cent to 0.25 per cent range, the first increase since June 29, 2006. Equity markets in the U.S. and Asia rallied strongly as committee signalled the gradual increases in the federal funds rate. The Dow Jones industrial average gained 1.3 per cent on December 16, 2015 while the bond yield on the 10-year Treasury note rose slightly to 2.29 per cent.

2.1.2 The committee in its statement said that the US economic activity has been expanding at

a moderate pace. Household spending and business fixed investment have been increasing at solid rates in recent months, and the housing sector has improved further. Federal reserve expect GDP growth of 2.1 per cent this year, unchanged from their September estimate. Growth in 2016 is expected to be 2.4 per cent , slightly higher than the previous forecast of 2.3 per cent .The unemployment rate is expected to remain at its current level of 5 per cent this year, and fall to 4.7 per cent in 2016. Inflation has continued to run below the Committee’s 2 per cent longer-run objective. Inflation is expected to rise to 2 per cent over the medium term as the transitory effects of declines in energy and import prices dissipate and the labor market strengthens further.

Chart 1A: US Benchmark Interest Rate (lower bound) history

Source: Bloomberg

2.2. ECB extends Quantitative Easing, cuts deposit

rates: - European Central Bank (ECB), on December 3 2015, extended the Quantitative Easing program for another six months, till March 2017, rather than originally announced plans of ending QE in September 2016 in order to provide more stimulus to European Economy. Earlier on January 22, 2015 ECB had announced expanded asset purchase programme’ of buying euro-area bonds from central governments,

agencies and European institutions worth €60 billion per month for 18 months beginning March 2015.It further cut the bank deposit rate to -0.3 per cent from -0.2 per cent. The market however reacted negatively as investors expected further expansion of QE in terms of amount of bonds bought per month. Major European markets like Germany, France, Italy fell in the range of 2-4 per cent intraday.

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2.3. China’s Yuan enters reserve currency basket: 2.3.1 The International Monetary Fund (IMF) on

November 30, 2015 announced its decision to add the Chinese Yuan to its reserve currency basket, known as Special Drawing Rights (SDR). In a statement, IMF Managing Director Christine Lagarde noted the Yuan’s inclusion is a clear representation of the reforms taking place in China. The continuation and deepening of these efforts will bring about a more robust international monetary and financial system, which in turn will support the growth and stability of China and the global economy. The addition of the Yuan, or Renminbi, will take effect in October 2016. It will join the Euro, Yen, Pound and Dollar in the reserves basket. The

Yuan will have about an 11 per cent weightage in the SDR.

2.4 China’s Yuan falls to 4 and 1/2 years Low

2.4.1 On December 17, 2015, the Chinese currency Renminbi, or the Yuan, weakened further by 0.16 per cent to 6.4837 against the U.S. dollar, for the 10 the consecutive day since December 4, 2015. While recent data show the Chinese economy is stabilizing, trade is still a reason for concern after exports fell for a fifth month in November amid tepid global demand. Afters IMFs decision of inclusion of CNY in reserve currency basket on November 30, 2015, the Chinese Yuan has depreciated by more than 1.3per cent against USD.

Chart 1B: Chinese Yuan at 4-1/2 years Low

Source: Bloomberg

2.5 Oil Falls To 7 Years Low as Supply of Crude

Swells:- 2.5.1 Oil prices extended their freefall on December

11, 2015, flirting with 11-year lows, after the International Energy Agency (IEA) warned that global oversupply of crude could worsen next year. Data from the U.S. Energy Information Administration showed crude inventories has increased to 4.8 million barrels. With production around the world remaining at or near record highs and new supplies looming from Iran and

the United States, the Oil is expected to remain under pressure for quite some time.

2.5.2 On December 4, 2015, the Organization of Petroleum Exporting Countries (OPEC) in its meeting in Vienna had decided to leave production level unchanged at current actual level (around 31.7 million barrels per day), higher than the official target of 30 million barrels per day. Guided by its biggest producer Saudi Arabia, OPEC has increased output in an oversupplied market in a bid to force higher-

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cost producers to scale back their operations. Meanwhile majority of OPEC members had requested Saudi Arabia to cut back the OPEC’s output target level below 30 million barrels per day (mb/d). Venezuela had proposed for a 5 per cent cut in the group’s production, which was rejected as Iran joined the ranks of members refusing to accept any curbs.

2.5.3 On December 14, 2015, Brent Oil Futures fell to

$36.33 intraday, 13 cents above the $36.20 low set in December 2008. Below that level, it would be at its lowest since July 2004, when oil was rebounding from single-digits lows hit during the 1998 financial crisis. Similarly, Crude Oil also traded at 7 year low when near month crude oil futures traded at NYMEX fell to $34.53 on December 14, 2015. The history of Crude Oil – WTI and Crude Oil – Brent is given below in the chart.

Chart 1C: Crude Oil & Brent Oil at 7 years low

Source: Bloomberg

3. The World Economy:

3.1. IMF, in its October 2015 World Economic Outlook (WEO) update, has reduced the global growth projections by 0.2 percentage points for both 2015 and 2016 to 3.1 per cent and 3.6 per cent respectively. IMF has revised (upwards) its growth projections for United States by 0.1 percentage points to 2.6 per cent in 2015, while reduced the U.S. growth forecast by 0.2 percentage points to 2.8 per cent in 2016. Among other major advance economies, IMF

has projected the growth in United Kingdom at 2.5 per cent, Germany at 1.5 per cent, France at 1.2 per cent, Canada at 1.0 per cent and in Japan at 0.6 per cent, during the year 2015. In major emerging economies, during 2015, the GDP growth in India is projected at 7.3 per cent, China at 6.8 per cent, Mexico at 2.3 per cent, South Africa at 1.4 per cent, Brazil at -3.0 per cent and Russia at -3.8 per cent (Exhibit 1).

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Exhibit 1: Overview of the World Economic Outlook Projections: October 2015

Year over Year Q4 over Q4

2013 2014 Projections Difference from July 2015 WEO Update1 Estimates Projections

2015 2016 2015 2016 2014 2015 2016World Output 2 3.4 3.4 3.1 3.6 -0.2 -0.2 3.3 3.0 3.6Advanced Economies 1.4 1.8 2.0 2.2 -0.1 -0.2 1.8 2.0 2.3

United States 2.2 2.4 2.6 2.8 0.1 -0.2 2.5 2.5 2.8Euro Area -0.4 0.8 1.5 1.6 0.0 -0.1 0.9 1.5 1.7Germany 0.2 1.6 1.5 1.6 -0.1 -0.1 1.5 1.6 1.6France 0.7 0.2 1.2 1.5 0.0 0.0 0.1 1.5 1.5Italy –1.7 –0.4 0.8 1.3 0.1 0.1 -0.4 1.2 1.5Spain –1.2 1.4 3.1 2.5 0.0 0.0 2.0 3.2 2.2Japan 1.6 -0.1 0.6 1.0 -0.2 -0.2 -0.8 1.3 1.3United Kingdom 1.7 2.9 2.5 2.2 0.1 0.0 3.4 2.2 2.2Canada 2.0 2.4 1.0 1.7 -0.5 -0.4 2.5 0.5 2.0Other Advanced Economies 2 2.2 2.8 2.3 2.7 -0.4 -0.4 2.6 2.5 2.6Emerging Market and Developing Economies

5.0 4.6 4.0 4.5 -0.2 -0.2 4.7 4.0 4.8

Emerging and Developing Asia 7.0 6.8 6.5 6.4 -0.1 0.0 6.8 6.4 6.4ASEAN-5 4 5.1 4.6 4.6 4.9 -0.1 -0.2 4.8 4.4 5.2Emerging and Developing Europe 2.9 2.8 3.0 3.0 0.1 0.1 2.6 3.2 4.2BRICS Nations

Brazil 2.7 0.1 -3.0 -1.0 -1.5 -1.7 –0.2 -4.4 1.3Russia 1.3 0.6 -3.8 -0.6 -0.4 -0.8 0.3 -4.6 0.0India 3 6.9 7.3 7.3 7.5 -0.2 0.0 7.6 7.3 7.5China 7.7 7.4 6.8 6.3 0.0 0.0 7.1 6.7 6.3South Africa 2.2 1.5 1.4 1.3 -0.6 -0.8 1.3 0.7 1.7

Note: Real effective exchange rates are assumed to remain constant at the levels prevailing during July 27–August 24, 2015. Economies are listed on the basis of economic size. The aggregated quarterly data are seasonally adjusted. Data for Lithuania are included in the euro area aggregates but were excluded in the April 2015 World Economic Outlook (WEO).

1. Difference based on rounded figures for both the current, July 2015 WEO Update, and April 2015 World Economic Outlook forecasts.

2. Excludes the G7 (Canada, France, Germany, Italy, Japan, United Kingdom, United States) and euro area countries. 3. For India, data and forecasts are presented on a fiscal year basis and GDP from 2011 onward is based on GDP at market prices

with FY2011/12 as a base year. 4. Indonesia, Malaysia, Philippines, Thailand, VietnamSource: IMF

Exhibit 2: Major Macroeconomic Indicators

Country / RegionQuarterly Growth Real GDP Annual CPI

InflationUnemployment

RateBenchmark

Interest RateYOY QOQ

Deve

lop

ed

C

ou

ntr

ies

United States 2.2 Q3 2.1* Q3 0.5 Nov-15 4.8 Nov-15 0.25United Kingdom 2.3 Q3 0.5 Q3 0.1 Nov-15 5.4 Sep-15 0.50Germany 1.7 Q3 0.3 Q3 0.4 Nov-15 4.5 Oct-15 0.05France 1.2 Q3 0.3 Q3 0.0 Nov-15 10.5 Oct-15 0.05Eurozone 1.6 Q3 0.3 Q3 0.2 Nov-15 10.7 Oct-15 0.05Japan 1.6 Q3 0.3 Q3 0.3 Oct-15 3.1 Oct-15 0.08Hong Kong 2.3 Q3 0.9 Q3 2.4 Oct-15 3.3 Sep-15 0.50

BR

IC

Brazil -4.5 Q3 -1.7 Q3 10.5 Nov-15 7.9 Oct-15 14.25Russia -4.1 Q3 -0.6 Q3 15.0 Nov-15 5.5 Oct-15 11.00India 7.4 Q3 NA NA 6.3 Oct-15 NA NA 6.75China 6.9 Q3 NA NA 1.5 Nov-15 4.1 Sep-15 4.35

Oth

er

Em

s South Korea 2.7 Q3 1.3 Q3 1.0 Nov-15 3.1 Nov-15 1.50Indonesia 4.7 Q3 3.2 Q3 4.9 Nov-15 6.2 Aug-15 7.50Turkey 4.0 Q2 1.3 Q2 8.1 Nov-15 10.3 Sep-15 7.50

Note: (Q3) represents third quarter of 2015. (*) represents figure in annualised terms.Source: Bloomberg

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Chart 1: Year-on-Year real GDP growth rates of major countries/ region (per cent)

Source: Bloomberg

Chart 2: Year-on-Year Consumer Price Inflation (per cent)

Source: Bloomberg

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United States:

3.2. The Real gross domestic product (GDP) of USA increased at an annual rate of 2.1 per cent (Q-o-Q) (in annualise terms) in the third quarter of 2015, after increasing 3.9 per cent in the second quarter of 2015. In the advance estimate, the increase in real GDP was 1.5 per cent (Q-o-Q) (in annualise terms). The deceleration in real GDP in the third quarter primarily reflected a downturn in private inventory investment and decelerations in exports, in personal consumption expenditures (PCE), in non-residential fixed investment, in state and local government spending, and in residential fixed investment. Businesses accumulated only $56.8 billion worth of inventory, the smallest since the first quarter of 2014 and sharply lower from $113.5 billion in Q2 2015. Consumer spending, which accounts for more than two-thirds of U.S. economic activity, grew at a 3.0 per cent rate, down from the 3.2 per cent rate estimated last month.

3.3 During November 2015, the final seasonally adjusted Markit U.S. Manufacturing Purchasing Managers’ Index (PMI) fell to 25 months low as output, new orders and employment all expanded at slower rates while average cost burdens decreased for the third month. The Markit US manufacturing PMI fell to 52.8 in November 2015, lower than 54.1 in October 2015 (PMI above 50 mark indicates an expansion in business activity). However, Markit U.S. Services PMI improved to 56.5 in October 2015 from 54.8 in October 2015.

3.4. As per data released by the Bureau of Labor Statistics, the annual consumer price inflation rose to 0.2 per cent (Y-o-Y) in October 2015 as compared to 0 per cent in previous month. On a monthly basis, consumer prices also rose 0.2 per cent, the biggest gain in four months as cost of most goods and services including gasoline increased. Unemployment rate in the US was recorded at 5 per cent in November 2015, the same as in the previous month and the lowest in more than seven years.

3.5. Observations: The U.S. economy grew at a healthier pace in the third quarter than initially thought, suggesting resilience that could help give the Federal Reserve confidence to raise interest rates in December 2015. The US real GDP has increased

at an annual rate of 2.1 per cent (revised estimate, earlier estimate was 1.5 per cent) in the third quarter of 2015, after increasing 3.9 per cent in the second quarter of 2015. The consumer prices increased by 0.2 per cent (Y-o-Y) in October 2015 after remaining flat in September 2015. Manufacturing sector PMI declined while Service Sector PMI increased during November 2015.

United Kingdom:

3.6. As per the “preliminary” estimate of real GDP, released by the Office for National Statistics, U.K., the British economy advanced 2.3 per cent (Y-o-Y) in the third quarter of 2015, slowing down marginally from a 2.4 per cent expansion in the second quarter of 2015, albeit, lowest since the fourth quarter of 2013. During the same period in last year (Q3 2014), economy grew by 3.0 per cent. On a quarter-on-quarter basis, the economy expanded 0.5 per cent, below market expectations of a 0.6 per cent increase.

3.7. The Markit UK manufacturing PMI in November 2015 fell to 52.7 from 55.2 in previous month.. On the other hand, the Markit UK services PMI in November 2015 rose to 55.9 from 54.9 in October 2015. It is the highest figure in four months due to a strength in new business while employment slowed, backlogs rose marginally and price pressures remained weak.

3.8. As regards the price situation, The UK’s inflation rate as measured by the Consumer Prices Index went up 0.1 per cent (Y-o-Y) in November 2015, due to falling fuel, food and drink prices.

3.9. Bank of England’s Monetary Policy Committee at its meeting on December 12, 2015, maintained the official Bank Rate paid on commercial bank reserves unchanged at 0.5 per cent and decided to continue the stock of asset purchases, financed by the issuance of central bank reserves at £375 billion. The unemployment rate of the economically active population in UK declined to 5.2 per cent in August-October 2015 period, lowest since January 2006, compared to 5.3 per cent in previous period.

3.10. Observations: UK showed moderate economic growth during the third quarter of 2015. The preliminary estimate of real GDP grew by 2.3 per cent, lowest since Q4 2013. Price pressures remained on the downside during October, as

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highlighted by a further decrease in average input costs and an associated reduction in factory gate selling prices, Annual CPI inflation remained in negative territory by 0.1 per cent, on account of ongoing reductions in global commodity prices. The unemployment rate reaches 7 years low of 5.3 per cent in September 2015.

Japan:

3.11. Real GDP of Japan was revised upwards to a positive growth rate, which allowed Japan’s economy to avoid what was believed to be a technical recession as of the first preliminary estimate. Japan’s real GDP grew at an annualized rate of 1.0per cent (Q-o-Q) in Q3 2015, revised upward from 0.8 per cent contraction as per first estimate for Q3 of 2015, compared to contraction of 0.5per cent in Q2 2015. The bright spot was the upward revision to private capital investment, which was originally reported to have declined 5per cent but grew 2.3per cent as of the second preliminary estimate. GDP of world third largest economy rose by 1.6per cent (Y-o-Y) during Q3 of 2015 compared to 1per cent (Y-o-Y) during Q2 of 2015 .

3.12. During November 2015, growth in manufacturing sector hit one-year high on account of increase in employment and buying activity. Seasonally adjusted Markit Japan Manufacturing PMI grew to 52.6 in November 2015 from 52.4 in previous month, indicating improvement in manufacturing sector business activity (PMI above 50 mark indicates an expansion in business activity). New export orders also picked up to the fastest since June 2015, supported by strong international demand. Both buying activity and employment showed a solid growth. Inflationary pressures strengthened in November as reports of higher raw material costs stemming from the falling yen/dollar rate continued to drive up cost burdens. However, service sector business activity slowed down during November 2015. Markit Japanese Services PMI fell to 51.6 in November 2015 from 52.2 in previous month.

3.13. According to the estimates by Statistics Bureau and the Director-General for Policy Planning of Japan, Consumer prices in Japan rose by 0.3 per cent (Y-o-Y) in October of 2015, after showing no growth in the previous month. It was the

highest figure in four months, as food cost rose further while prices of fuel dropped at a slower pace.

3.14. In its Monetary Policy meeting held on October 30, 2015, Bank of Japan kept its pledge to conduct money market operations so that the monetary base will increase at an annual pace of around 80 trillion yen. Policymakers also decided to purchase exchange-traded funds (ETFs) and Japan real estate investment trusts (J-REITs) so that their amounts outstanding will increase at an annual paces of about 3 trillion yen and about 90 billion yen respectively. As for Commercial Paper and corporate bonds, the Bank will maintain their amounts outstanding at about 2.2 trillion yen and about 3.2 trillion yen respectively. The unemployment rate in Japan remained fell to 3.1 per cent in November 2015 compared to previous month.

3.15. Observations: The GDP in Japan advanced 0.3 per cent on quarter in the three months to September of 2015, compared to an initial estimate of a 0.2 per cent contraction. Capital expenditure increased while inventories shrank less than expected, final figures showed. On an annualized basis, the economy advanced 1 per cent, compared to an initial 0.8 per cent contraction and well above market expectations of a 0.1 per cent increase. CPI inflation and Interest rate were 0 per cent while unemployment rate remained stable at 3.1 per cent during November 2015.

Euro Area (EA19):

3.16. The Eurozone or the Euro area is a monetary union of 19 of the 28 European Union (EU) member states which have adopted the euro as their common currency. The Eurozone consists of Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia, and Spain.

3.17. The Gross Domestic Product (GDP) in the Euro Area expanded 1.60 per cent (Y-o-Y) in the third quarter of 2015 over the same quarter of the previous year, slightly higher than 1.5 per cent in the previous period but below market forecasts. The real GDP of Germany and France grew by 1.7 per cent and 1.2 per cent (Y-o-Y) respectively during Q3 of 2015.

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3.18. Euro Area manufacturing and services sector continued to expand further during November 2015. Markit Euro Area Manufacturing PMI increased to 52.8, strongest in 19 months, in November 2015, compared to 52.3 in previous month. Further, Markit Euro Area Services PMI increased to 54.2 in November 2015 from 54.1 in October 2015.

3.19. As per the estimate released by Eurostat, annual inflation in Euro Area remained unchanged at 0.1 per cent in November 2015. The inflation rate has been below the ECB’s 2 per cent target since January of 2013. The highest annual rates were recorded in Belgium (+1.4 per cent), Malta (+1.3 per cent) and Sweden (+0.8 per cent). By contrast, the lowest annual rates were registered in Cyprus (-1.5 per cent), Bulgaria, Romania and Slovenia (all -0.9 per cent). Compared with October 2015, annual inflation rose in fifteen Member States, remained stable in two and fell in ten.

3.20. The seasonally-adjusted unemployment rate in the Eurozone decreased slightly to 10.7 per cent in October 2015 compared with 10.8 per cent in previous month and from 11.5 per cent reported in November of 2014. Among Member States, the lowest unemployment rates in October were recorded in Germany (4.5 per cent), the Czech Republic (4.7 per cent)) and Malta (5.1 per cent), and the highest in Greece (24.6 per cent in August 2015) and Spain (21.6 per cent).

3.21. Observations: Euro Area economy continues to grow at a moderate pace as economy stabilises after strong recovery since Q4 of 2013. In its latest policy meeting, ECB’s President Mario Draghi in their efforts to provide more monetary stimulus extended its €60bn asset purchase program further by six more month. The flat inflation rate , however, remains the concerns for the policy makers. The unemployment rate is decreasing consistently over past 12 months while both manufacturing and services PMI shows stable growth outlook.

Brazil:

3.22. The Brazilian economy shrank 4.5 per cent (Y-o-Y) in Q3 of 2015, sixth consecutive contraction and the worst since 1996 as compared to contraction of 3 per cent (Y-o-Y) in Q2 of 2015. During Q3 of 2015, The GDP of

Brazil contracted by 1.7 per cent (Q-o-Q) in the third quarter of 2015 as compared to 2.1 per cent (Q-o-Q) contraction in Q2 of 2015. Agriculture sector contracted by 2 per cent while services sector output fell by 2.9 per cent during Q3 of 2015 (Y-o-Y). Further, industrial sector and manufacturing sector contracted by 6.7 per cent and 11.3 per cent respectively during Q3 of 2015 (Y-o-Y).

3.23. Brazil’s annual inflation rate (IPCA) increased from 9.93 per cent in October 2015 to 10.48 per cent in November 2015, the biggest rise since November of 2003 when the inflation hit 11.02 per cent. The country is struggling with high inflation since mid-2014 after the government imposed several tax increases aiming at balancing overall budget while its currency Brazilian Real fell around 46 per cent against the USD in the first 11 months of the year. Brazil’s inflation is way above the official target of 4.5 per cent. Evaluating the macroeconomic outlook and perspectives for inflation, Brazil’s Central Bank, in its November 2015 meeting, has kept the benchmark Selic rate unchanged at 14.25 per cent, the highest in nine years, as policymakers struggle to curb rising inflation amid economic contraction. Brazil’s unemployment rate increased to 7.9 per cent in October 2015 from 7.6 per cent in September 2015.

China:

324. The world’s second largest economy expanded by 6.9 per cent (Y-o-Y) in the July-September quarter, slowing from a 7 per cent increase in the previous quarter, according to China’s National Bureau of Statistics. As per World Bank estimates, the growth in China is expected to increase to 7.1 per cent in 2016 and to 6.9 per cent by 2017. The International Monetary Fund (IMF) has revised growth forecast for China to 6.8 per cent in 2015 and 6.3 per cent in 2016. The Caixin China General manufacturing Purchasing Manager Index (PMI) increased to 48.6 in November 2015 after reaching 48 months low of 47 in September 2015. While the reading was the highest since April, it remained below 50 for the ninth straight month. The Caixin Purchasing Managers Index for services dropped to 51.2 in November 2015 from 52 in October 2015.

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3.25. China’s activity data was stronger than expected in November 2015, with factory output growth picking up to a five-month high, signalling the steady growth in the Chinese Economy. The Factory output grew an annual 6.2 per cent in November, compared to 5.6 per cent in October 2015 while retail sales grew at 11.2 per cent compared to 11 per cent in October 2015. Fixed assets investment , one of the key driver of economic growth, grew at 10.2 per cent in the first 11 month of 2015.

3.26. As regards price situation, the annual Consumer Price Inflation in China marginally decreased to 1.5 per cent in November 2015 from 1.6 per cent in October 2015.The food prices went up by 2.3 per cent, while the non-food prices increased 1.1 per cent. On a monthly basis, consumer prices remained unchanged, following a 0.3 per cent drop in October 2015.

Russia:

3.27. Quarterly real GDP of Russia contracted by 4.1 per cent (Y-o-Y) during third quarter of 2015 following 4.6 per cent drop in previous period. In 2014, the Russian economy grew at 0.6 per cent. According to World Bank estimates, Russian GDP will fall to 2.7 per cent in 2015, before reaching 0.7 per cent in 2016, and 2.5 per cent in 2017.

3.28. The Central Bank of Russia said in its Guidelines for the Single State Monetary Policy for 2016-2018 that if oil prices continue to stay below $40 per barrel, the GDP could fall by 5 per cent or more in 2016 while inflation would stay within 7 to 9 per cent.

3.29. As regards price situation, the annual CPI inflation rate decreased from 15.6 per cent in October 2015 to 15 per cent in November 2015. On a monthly basis, inflation went up to 0.8 per cent, from 0.7 per cent in the previous month. The Bank of Russia has set a target of reducing the inflation to 4 per cent in 2017. The Central Bank of Russia has kept its key one-week

repo rate on hold at 11 per cent in December 2015, recognizing growing inflation risks while the risks of economic cooling remained. However, policymakers signalled rate cuts in the next meetings, if inflation slows down in line with forecasts and on condition inflation risks recede. In December 2014, the Russian central bank had increased the interest rate to record 17 per cent to stem the falling currency. The unemployment rate in Russia unexpectedly increased to 5.5 per cent in October 2015 from 5.2 per cent in September 2015.

4. Review of Global Financial Markets:

4.1. During November 2015, Global equities showed mixed returns as the focus remained on the prospect of a US rate rise. Emerging markets lagged their developed counterparts as the stronger US dollar weighed on emerging market currencies. Eurozone equities outperformed other regions because of the expectations that the European Central Bank would announce further monetary policy easing in coming months.

Stock Market:

4.2. US stocks recorded modest gains during November 2015. Stocks of Germany posted gains as the unemployment figures fell to its lowest level. Japanese stocks advanced as the two important indicators industrial output and retail sales grew in the month of November. Russian stocks rallied as oil prices stabilized and the economy showed signs of recovery. Indian stocks shed during the concerned period. Mexican stocks also declined slightly. Brazilian and Mexican stocks fell for the period under review.

4.3. MSCI World Index, which is a leading indicator for tracking the overall performance of stock markets in developed markets witnessed a decrease of -0.67 per cent. Further, the MSCI Emerging Market Index also registered a fall of -3.96 per cent during November 2015. (Chart 3).

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Chart 3: Movement in MSCI World and Emerging Market Index

Source: Bloomberg

Bond Market:

4.4. The Merrill Lynch Eurozone Government bond index >5 years posted a gain of 0.53 per cent in November 2015, bringing the return for the year to date to +3.65 per cent. Bond markets rallied through the month as market expectations grew about further monetary easing by the ECB. 10 year government bond yield of Germany, Spain and UK declined by 8.5 per cent, 9 per cent and 5 per cent respectively in November 2015.

4.5. 10 year government bond yields of US rose by 3 per cent to 2.2 per cent at the end of November 2015.

4.6. Among emerging market economies, bond yield of 10 year government bond of Brazil, Russia, China and India fell modest by 2 per cent, 1.1 per cent, 1.9 per cent and 1.4 per cent, respectively to close at 16.1 per cent, 10.3 per cent, 7.8 per cent and 3.1 per cent, respectively.

Chart 4: Movement in 10 year bond yield of major countries

Source: Bloomberg

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Currency Market:

4.7. In November 2015, US Dollar strengthened further against the major currencies as the U.S. economy showed signs of sustaining recovery and partly also because of expectation of impending interest rate hike by US federal reserve.

4.8. Major emerging markets and developed markets currency depreciated during November 2015. Russian Ruble, Brazilian Real, Chinese Yuan and Indian Rupee depreciated by 3.9 per cent, 0.3 per cent, 1.3 per cent and 2.1 per cent, respectively against USD. GBP, Euro and Yen depreciated by 2.5 per cent, 4.2 per cent and 2.1 per cent, respectively against USD in November 2015 as compared to the previous month.

4.9. Since the beginning of January 2013 till November 2015, Brazilian Real and Russian Ruble have depreciated significantly by 89 per cent and 117 per cent, respectively against USD. During the same period, Indian Rupees & Japanese Yen depreciated by 22 per cent and 42 per cent, respectively against USD. Euro depreciated by 25 per cent against USD while British Pound depreciated marginally by 7 per cent against USD. In spite of recent devaluation, Chinese Yuan depreciated just by 2.5 per cent against USD compared to beginning of the January 2013. (Exchange rate represents the closing price of the interbank foreign currency trade).

Chart 5: Movement of major currencies against US Dollar ($)

Source: Bloomberg

Trend in Market Indices:

4.10. Major stock indices all over the world exhibited mixed trends during November 2015. Amongst the developed markets Dax of Germany, Nikkei 225 of Japan and CAC 40 of France continued to grow for the second consecutive month by (4.90 per cent), (3.48 per cent) and (1.22 per cent) respectively. On the contrary, a fall was registered by Straits Times of Singapore (-4.75 per cent)followed by Hang Seng of Hong Kong (-2.84 per cent) and All Ordinaries of Australia (-1.33 per cent) during the period under review.

4.11. As regards the emerging market indices, Budapest Stock Exchange of Hungary witnessed an increase of 10.26 per cent followed by Shanghai SE Composite IX of China (1.86 per cent ) and Russian Traded of Russia (0.55 per cent ) during the period under consideration. On the contrary, the fall in indices was witnessed by Hermes of Egypt by -17.89 per cent followed by IGBC General of Colombia (-8.19 per cent) and Karachi 30 of Pakistan (-7.15 per cent) during November 2015.

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Chart 6: Trend in Major Developed Market Indices

Source: Bloomberg

Chart 7: Trend in Market Indices of BRIC Nations

Source: Bloomberg

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Market Capitalisation:

4.12. Market capitalisation of major countries in the world, at the end of November 2015, is given in table A6 and is illustrated in Chart 8. There was a mix trend in market capitalisation of the developed and developing markets. Market capitalisation of Japan, USA, Germany and China amongst others recovered smartly to register a gain after registering the fall in the initial couple of weeks.

4.13. Among major developed markets, the market capitalisation of Japan rose highest by 2.7 per cent, followed by Germany (0.4 per cent) and USA (0.1 per cent) during November 2015. On the contrary, the market capitalisation of Singapore, UK, France and Hong Kong declined by 5.3 per cent, 2.9 per cent, 2.4 per cent and 2.3

per cent respectively. NYSE Euronext (US) and London Stock Exchange (UK) market cap stood at USD 24.06 Trillion & USD 3.48 Trillion respectively at the end of November 2015.

4.14. As regards the major emerging markets, market capitalisation of China rose highest by 8.6 per cent followed by Argentina (6 per cent), Hungary (4.6 per cent) and Malaysia (1.6 per cent) respectively while that of Colombia, South Africa, Egypt and Chile declined by 13 per cent, 11.8 per cent, 6.5 per cent and 6.3 per cent respectively. Market Capitalisation of China’s Shanghai Stock Exchange increased by 8.6 per cent to USD 6.6 Trillion, while that of India’s NSE declined by 1.2 per cent to USD 1.49 Trillion, at the end of November 2015.

Chart 8: Trend in Market Capitalisation of Major Exchanges (US$ Trillion)

Source: Bloomberg

Derivative Market:

4.15. Among the major stock exchanges covered in the review (Table A4 & A5), during November 2015, the monthly notional turnover of index futures in CME Group was at USD 3,757 billion followed by EUREX (USD 1,483 billion) and Osaka Stock Exchange (USD 671 billion). Korea Exchange of South Korea recorded the monthly turnover of USD 3,206 billion in stock futures followed by CME Group (USD 1,386 billion) and Eurex (USD 1,040 billion).

4.16. In the case of Stock Index Options, Korea Exchange of South Korea recorded highest

volume (30 billion contracts) in terms of monthly contracts traded on the major world exchanges followed by Chicago Board Options Exchange (CBOE) (29 billion contracts), Eurex ( 24.9 billion contracts) and TAIFEX (18.9 billion contracts) in November 2015. In case of Stock Options, NYSE Liffe (US) witnessed the highest volume of 41.7 billion contracts traded followed by BM&FBOVESPA (40.7 billion contracts), Chicago Board Options Exchange (31 billion contracts) and International Securities Exchange (25.4 billion contracts) in November 2015.

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Exhibit 3: Quarterly Estimates of GVA (Y-o-Y) (at 2011-12 prices)

Items2013-14(NS)

2014-15(PE)

2014-15 2015-16

Q1 Q2 Q3 Q4 Q1 Q21. Agriculture & allied activities 3.7 0.2 2.6 2.1 -1.1 -1.4 1.9 2.2

2. Industry

Mining & Quarrying 5.4 2.4 4.3 1.4 1.5 2.3 4.0 3.2

Manufacturing 5.3 7.1 8.4 7.9 3.6 8.4 7.2 9.3

Electricity, Gas, Water Supply& Other Utility Services 4.8 7.9 10.1 8.7 8.7 4.2 3.2 6.73. Services

Construction 2.5 4.8 6.5 8.7 3.1 1.4 6.9 2.6

Trade, Hotel, Transport, Communication and services related to broadcasting 11.1 10.7 12.1 8.9 7.4 14.1 12.8 10.6

Financial, Real Estate & Professional Services 7.9 11.5 9.3 13.5 13.3 10.2 8.9 9.7

Public Administration, Defence and Other services 7.9 7.2 2.8 7.1 19.7 0.1 2.7 4.7Gross Value Added at Basic Price 6.6 7.2 7.4 8.4 6.8 6.1 7.1 7.4GDP 6.9 7.3 6.7 8.4 6.6 7.5 7.0 7.4

Source: CSO

NS- New Series Estimates; PE- Provisional Estimates

5. Review of Indian Economy

5.1. The Ministry of Statistics and Programme Implementation released quarterly estimates of GDP for Q2 of 2015-16. As per the estimates, growth in GDP at constant prices (2011-12) during Q2 of 2015-16 increased to 7.4 per cent as compared to 7.0 per cent in Q1 of 2015-16, owing to strong growth in manufacturing, trade, hotels, transport and communication services. Agriculture sector’s growth has been estimated at 2.2 per cent in Q2 of 2015-16 as against 1.9

per cent in Q1 of 2015-16. Manufacturing and Services sector are estimated to grow at 9.3 per cent and 10.6 per cent, respectively during Q2 of 2015-16.

5.2. GVA (Gross Value Added) growth was registered at 7.4 per cent as compared to 7.1 per cent in the previous quarter. IMF, in its World Economic Outlook, has estimated India’s GDP growth to be 7.3 per cent and 7.5 per cent in the years 2015 and 2016, respectively.

5.3. The Nikkei Purchasing Managers’ Index (PMI) decreased to a twenty five month low of 50.4 in November 2015 from 50.7 in October 2015. It pointed towards continued, although weaker, marginal improvement in the health of manufacturing sector during the month. Similarly, Nikkei India Composite Output Index decreased from 52.6 in October 2015 to 50.2 in November 2015, highlighting little-change in the level of private sector activity in India.

5.4. India’s fiscal deficit during April-October 2015

reached Rs. 4.11 trillion (USD 61.67 billion) during April-October or 74 per cent of the full-year budget target. The deficit was 89.6 per cent of the full-year target during the same period a year ago. In the Union Budget 2014-15, the government kept a fiscal deficit target of 4.1 per cent of GDP. The Union budget 2015-16 has set India’s fiscal deficit target for the 2015-16 at 3.9 per cent of GDP (Rs. 5,55,649 lakh crore)which would gradually come down to 3 per cent by 2017-18, one year later than previously expected.

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Index of Industrial Production

5.5. India’s General Index of Industrial Production (IIP) growth rocketed to a five year high of 9.8 per cent in October 2015 compared with 3.8 per cent in September 2015. The jump has been attributed to robust growth in consumer products and capital goods during the festive season. The manufacturing sector, a key indicator of economic activity, grew 10.6 per cent year-on-year in October. The growth in the consumer durables segment was a whopping 42.2 per cent in October over the same month last year. While, the consumer goods category saw a growth of 18.4 per cent and consumer non-durables rose by 4.7 per cent. The cumulative growth for the period April-October 2015 is recorded at 4.8 per cent.

Inflation

5.6. India’s Consumer Price Index (CPI) Inflation increased to a fourteen month high of 5.41 per cent in the month of November 2015 from 5.0 per cent in the month of October 2015. The food inflation rose to 6.07 per cent from 5.25 per cent. Inflation measured by the wholesale price index fell 1.9 per cent in November compared to a decline of 3.8 per cent in October. Food inflation rose 5.2 per cent in November, picking up from 2.4 per cent increase in October. Of this, prices of pulses, onions and vegetables showed the biggest spike with pulse prices shooting up by 58.17 per cent in November on year, while onion prices rose by 53 per cent and that of vegetables 14 per cent. Reserve Bank of India did not alter the Repo rate in its Monetary Policy statement announced on December 1, 2015.

Chart 9: Inflation as measured by WPI and CPI (in per cent)

Source: CSO, RBI, Office of Economic Advisor

Trade – Exports and Imports

5.7. India’s exports remained in the negative territory and contracted for the twelfth consecutive month in November 2015 and dipped by around 24.43 per cent to USD 20.01 billion. Imports declined 30.26 per cent to USD 29.79 billion, yielding a trade deficit of USD 9.78 billion marginally up from USD 9.76 billion in the previous month. Oil imports during November stood at

USD 6.44 billion, down 45 per cent from USD 11.70 billion in the corresponding period last year. Non-oil imports declined 25 per cent to USD 23.3 billion. The overall trade deficit has narrowed to USD 87.54 billion, cumulatively for months leading upto November in the current financial year. The corresponding figure for the previous year was USD 102 billion.

Foreign Exchange Reserves

5.8. Since April 2015, Forex reserves have increased considerably by about USD 10 billion. The

reserves were recorded at USD 351.6 billion as on November 27, 2015. (Exhibit 4)

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Exhibit 4: Foreign Exchange Reserves (USD billion)

Nov 27, 2015

Oct 30, 2015

Oct 2, 2015

Aug 28, 2015

July 31, 2015

June 26, 2015

May 29, 2015

May 1, 2015

April 3, 2015

Feb 27, 2015

Jan 30, 2015

Total Reserves 351.6 353.6 350.8 351.9 353.5 355.2 352.4 351.9 343.1 338.1 327.9Foreign Currency Assets 327.7 330.1 327.3 328.3 329.8 330.5 327.8 327.2 318.6 312.2 303.3Gold 18.7 18.2 18.2 18.3 18.3 19.3 19.3 19.3 19.0 20.2 19.4SDRs 3.9 4.0 4.0 4.1 4.0 4.1 4.0 4.1 4.0 4.1 4.1Reserve Position in the IMF

1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.6 1.1

Source: RBI

6. Annex Tables:

Table A1: Trend in major International Indices

Country IndexAs on

March*, 2014

As on March *,

2015

As on October*,

2015

As on November*,

2015

1 2 3 4

Australia All Ordinaries 5402.99 5861.92 5288.56 5218.19France CAC 40 4391.50 5033.64 4897.66 4957.60Germany Dax 9555.91 11966.17 10850.14 11382.23Hong Kong HSI Hang Seng 22151.06 24900.89 22640.04 21996.42Japan NIKKEI Nikkei 225 14827.83 19206.99 19083.10 19747.47Singapore STI Straits Times 3188.62 3447.01 2998.35 2855.94UK FTSE 100 6598.37 6773.04 6361.09 6356.09USA DOW JONES Dow Jones Industrial Average 16457.66 17776.12 17663.54 17719.92USA NASDAQ Composite Nasdaq Composite 4198.99 4900.89 5053.75 5108.67India (BSE) S&P BSE Sensex 22386.27 27957.49 26656.83 26145.67India (NSE) CNX Nifty 6704.20 8491.00 8065.80 7935.25Brazil Bovespa 50414.92 51150.16 45868.82 45120.36Chile Stock Market Select 3772.76 3916.92 3827.99 3655.30China Shanghai SE Composite IX 2033.31 3747.90 3382.56 3445.41Colombia IGBC General 13827.01 9998.85 9154.37 8404.57Egypt Hermes 785.68 828.83 673.70 553.19Hungary Budapest Stock Exchange 17529.99 19689.16 21557.44 23768.60Indonesia Jakatra Composite 4768.28 5518.68 4455.18 4446.46Malaysia FTSE Bursa Malaysia KLCI 1849.21 1830.78 1665.71 1672.16Mexico Bolsa 40461.60 43724.78 44542.76 43418.55Pakistan Karachi 30 19170.92 19232.27 20417.39 18957.19Russia Russian Traded 1723.97 1222.80 1152.84 1159.23South Africa FTSE/JSE Africa All Share 47770.92 52181.95 53793.74 51607.83Taiwan Taiwan Taiex 8849.28 9586.44 8554.31 8320.61Thailand Stock Exchange of Thai 1376.26 1505.94 1394.94 1359.70Turkey ISE National 100 69736.34 80846.03 79409.00 75232.79

*Indices are as on last trading day of the month Source: Bloomberg

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Table A2: Volatility and P/E Ratio of Major International Indices

Country IndexVolatility (per cent) P/E Ratio

Oct-15 Nov-15 Oct-15 Nov-15

1 2 3 4 5 6

Developed Markets

Australia All Ordinaries 0.86 1.03 24.76 25.27

France CAC 40 1.17 1.06 22.53 22.34

Germany Dax 1.19 1.07 23.34 24.35

Hong Kong HSI Hang Seng 1.27 1.26 9.95 9.67

Japan NIKKEI Nikkei 225 1.15 0.94 19.77 20.58

Singapore STI Straits Times 1.03 0.73 13.89 13.23

UK FTSE 100 0.88 0.83 28.99 28.91

USA DOW JONES Dow Jones Industrial Average 0.76 0.73 15.79 15.83

USA NASDAQ Composite Nasdaq Composite 0.94 0.81 29.71 31.22

Emerging Markets

India (BSE) S&P Sensex 0.75 0.75 21.37 20.76

India (NSE) CNX Nifty 0.71 0.76 22.06 20.81

Argentina Indice Bolsa General 2.41 2.02 21.93 23.27

Brazil Bovespa 1.61 1.80 26.07 26.94

Chile Stock Market Select 0.6 0.71 16.15 15.90

China Shanghai SE Composite IX 1.61 1.84 17.7 18.07

Colombia IGBC General 0.86 1.23 NA NA

Egypt Hermes 0.96 1.68 16.67 11.95

Hungary Budapest Stock Exchange 0.9 0.85 17.48 22.10

Indonesia Jakatra Composite 1.56 1.02 24.72 26.01

Malaysia FTSE Bursa Malaysia KLCI 0.67 0.45 17.25 17.71

Mexico Bolsa 0.57 0.93 31.35 30.55

Pakistan Karachi 30 0.75 0.76 9.71 9.13

Russia Russian Traded 2.19 2.14 8.96 10.55

South Korea Kospi Index 0.55 0.87 17.39 13.39

South Africa FTSE/JSE Africa All Share 0.8 0.92 27.89 42.67

Taiwan Taiwan Taiex 0.71 1.07 13.35 13.26

Thailand Stock Exchange of Thai 0.78 0.62 16.44 17.69

Turkey ISE National 100 1.12 1.78 11.83 11.44Note: PE ratio for S&P BSE Sensex and CNX Nifty have been obtained from BSE, NSE respectivelyNA.: Not AvailableSource: Bloomberg, BSE, NSE

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Table A3: Investment Flows- New Capital raised by Shares and Bonds in the Major Exchanges (US$ million)

Stock ExchangeOct-15 Nov-15

Equities Bonds Total Equities Bonds Total

1 2 3 4 5 6 7

Amman Stock Exchange 0 13 389 1,347 389 1,360

Australian Securities Exchange 5,334 5,089 NA NA 5,334 5,089

BM&FBOVESPA 0 360 0 0 0 360

BME Spanish Exchanges 477 3,256 NA NA 477 3,256

Bolsa de Comercio de Buenos Aires 6 0 4,169 7,042 4,174 7,042

Borsa Istanbul 0 142 4,865 4 4,865 147

Bursa Malaysia 153 1,669 NA NA 153 1,669

Euronext 5,362 6,988 NA NA 5,362 6,988

Hochiminh Stock Exchange 371 493 NA NA 371 493

Hong Kong Exchanges and Clearing 9,291 5,817 554 6,337 9,845 12,154

Indonesia Stock Exchange 252 2,069 NA NA 252 2,069

Japan Exchange Group 208 0 3,106 0 3,313 0

Johannesburg Stock Exchange 2,217 489 3,616 3,200 5,833 3,690

Kazakhstan Stock Exchange NA NA 691 489 691 489

Korea Exchange 542 782 36,028 41,976 36,570 42,758

Luxembourg Stock Exchange 0 0 85,124 70,279 85,124 70,279

Moscow Exchange 0 0 5,872 3,024 5,872 3,024

Nasdaq - US 761 1,007 NA NA 761 1,007

NASDAQ OMX Nordic Exchange 0 0 0 5,015 0 5,015

NYSE 9,971 6,404 NA NA 9,971 6,404

NZX Limited 302 3,089 0 80 302 3,169

Oslo Bors 41 160 4,547 2,605 4,588 2,765

Philippine Stock Exchange 363 301 NA NA 363 301

Shanghai Stock Exchange 2,215 9,286 NA NA 2,215 9,286

Shenzhen Stock Exchange 3,796 11,496 1,245 3,671 5,041 15,167

Singapore Exchange 29 156 9,460 9,880 9,489 10,036

SIX Swiss Exchange 477 0 4,978 3,487 5,455 3,487

Stock Exchange of Thailand 314 148 0 704 314 852

Taipei Exchange 120 144 5,106 1,697 5,226 1,840

Taiwan Stock Exchange Corp. 79 30 1,997 0 2,075 30

Tel-Aviv Stock Exchange 17 52 2,159 1,404 2,175 1,456

TMX Group 1,730 2,941 76 0 1,806 2,941

Wiener Borse 80 54 2,874 3,039 2,954 3,093NA: Not AvailableSource: World Federation of Exchanges

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Table A4: Monthly Turnover in Derivatives (Stock options and Stock futures) in major Stock Exchanges

Exchange

Nov-15

Stock options Stock futures

Number ofcontracts traded

Notionalturnover

(USD Million)

Number ofcontracts traded

Notionalturnover

(USD Million)

Americas

BM&FBOVESPA 40,693,888 13,462 0 0

Buenos Aires SE 3,665,154 NA 0 0

Chicago Board Options Exchange 31,049,016 NA NA NA

Colombia SE NA NA 24,081 21

International Securities Exchange 25,377,163 NA NA NA

MexDer 36,141 6 500 0

NYSE Liffe (US) 41,714,989 11,189 NA NA

Asia - Pacific

ASX Derivatives Trading 6 006 059 10 690.8 57 938 64.6

Osaka Stock Exchange 54 091 NA NA NA

Hong Kong Exchanges 4 873 518 10 935.9 24 521 70.7

Korea Exchange 198 339 NA 12 461 569 6 951.4

TAIFEX 13 740 27.4 864 164 4 661.4

Thailand Futures Exchange NA NA 1 061 086 NA

Europe - Africa - Middle East

Athens Derivatives Exchange 1,512 1 92,149 53

BME Spanish Exchanges 1,193,645 1,262 179,175 136

Budapest SE 0 0 15,784 59

EUREX 13,637,845 65,167 4,076,302 21,637

Euronext 4,522,028 12,533 214 3

Johannesburg SE 425,759 14 799,783 658

Moscow Exchange 1,102,780 191 28,240,078 4,893

OMX Nordic Exchange 2,203,450 3,332 453,171 429

Oslo Børs 376,437 217 101,891 59

Tel Aviv SE 72,926 287 NA NA

NA: Not AvailableSource: World Federation of Exchanges

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Table A5: Monthly Turnover in Derivatives (Index options and Index futures) in major Stock Exchanges

Exchange

Nov-15

Stock index options Stock index futures

Number of contracts traded

Notionalturnover

(USD Million)

Number of contracts traded

Notionalturnover

(USD Million)

Americas

BM&FBOVESPA 118,642 22,979 8,158,998 33,747

CBOE Future Exchange NA NA 3,481,215 NA

Chicago Board Options Exchange 29,000,970 NA NA NA

CME Group 10,022,875 1,386,040 37,269,939 3,757,520

International Securities Exchange 293,100 NA NA NA

MexDer 3,879 101 87,299 1,622

Asia - Pacific

ASX Derivatives Trading 1 001 980 36 522.1 765 28.3

ASX SFE Derivatives Trading 40 454 3 750.8 691 792 63 486.6

Bursa Malaysia Derivatives 332 NA 222 351 4 265.3

China Financial Futures Exchange NA NA 777 742 136 452.0

Osaka Stock Exchange 2 630 662 NA 19 723 897 671 327.0

Hong Kong Exchanges 1 920 429 162 205.0 6 647 733 573 914.0

Korea Exchange 30 020 158 3 206 220.0 2 502 992 267 700.0

Singapore Exchange 428 871 NA 11 680 839 NA

TAIFEX 18 952 824 247 796.0 5 550 420 201 551.0

Thailand Futures Exchange 22 923 NA 1 913 598 NA

Europe - Africa - Middle East

Athens Derivatives Exchange 5 869 6.3 74 494 79.0

BME Spanish Exchanges 271 327 2 942.7 781 181 63 299.8

Borsa Istanbul 2 055 73.2 604 453 12 602.6

Budapest SE 0 0.0 19 188 14.8

EUREX 24 905 700 1 040 480.0 27 669 263 1 483 430.0

Euronext 892 955 44 422.0 3 323 389 210 446.0

Johannesburg SE 257 396 154.7 906 704 22 481.1

Moscow Exchange 2 191 758 3 106.6 19 704 038 31 154.4

OMX Nordic Exchange 822 390 13 995.4 2 992 933 51 580.9

Oslo Børs 41 109 23.7 222 634 128.4

Tel Aviv SE 3 459 268 NA 1 141 NANA: Not AvailableSource: World Federation of Exchanges

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Table A6: Market Capitalisation of major Stock Exchanges (US$ Million) Stock Exchange Mar-15 Oct-15 Nov-15 M-o-M change(per cent)

1 2 3 4 5Developed Market

Australia 1,231,172 1,053,583 1,044,705 (0.8)France 2,014,318 2,015,277 1,966,497 (2.4)Germany 1,964,510 1,839,925 1,852,147 0.7Hong Kong 4,526,483 4,147,715 4,053,957 (2.3)Japan 4,852,326 4,884,613 5,015,777 2.7Singapore 566,432 486,662 460,955 (5.3)UK 3,626,328 3,593,715 3,488,202 (2.9)USA 24,614,866 24,027,524 24,061,765 0.1

Emerging Markets

India 1,628,771 1,508,520 1,490,395 (1.2)Argentina 70,546 71,288 75,556 6.0Brazil 670,273 503,921 494,383 (1.9)Chile 232,904 201,518 188,871 (6.3)China 6,486,554 6,133,775 6,661,877 8.6Colombia 122,976 98,549 85,712 (13.0)Egypt 71,709 59,695 55,792 (6.5)Hungary 15,458 16,270 17,022 4.6Indonesia 425,078 342,258 339,275 (0.9)Malaysia 450,790 368,606 375,213 1.8Mexico 438,251 389,708 379,182 (2.7)Pakistan 68,009 70,621 66,758 (5.5)Russia 432,731 457,670 455,302 (0.5)South Korea 1,267,330 1,254,052 1,220,035 (2.7)South Africa 514,851 445,973 393,517 (11.8)Taiwan 1,011,646 877,829 856,771 (2.4)Thailand 428,678 363,761 352,399 (3.1)Turkey 221,896 195,136 189,055 (3.1)

M-o-M: Month on Month.Source: Bloomberg

Sources:

1. OECD database2. Bureau of Economic Analysis (US)3. Bureau of Labor Statistics (US)4. The Conference Board (US)5. The Federal Reserve System (US) 6. Institute for Supply Management (US)7. Office for National Statistics (UK)8. Bank of England (UK)9. The Cabinet Office (Japan)10. Statistics Bureau, Director-General for Policy Planning

(Statistical Standards) (Japan)11. Bank of Japan12. Eurostat (EA18 and EU27)13. European Central Bank (EA18)14. Instituto Brasileiro de Geografia e Estatística (Brazilian

Institute of Geography and Statistics)15. Banco Central do Brasil (Central Bank of Brazil)

16. Federal State Statistics Service (Russian Federation)17. The Central Bank of the Russian Federation18. The Central Statistical Office (India)19. Office of the Economic Adviser to the Government of India20. The Reserve Bank of India21. National Bureau of Statistics of China 22. Peoples Bank of China23. Markit Financial Information Services24. World Federation of Exchanges25. Bloomberg26. The Bombay Stock Exchange 27. The National Stock Exchange28. The Bank of Korea29. Bank Indonesia30. Central Bank of The Republic of Turkey31. IMF

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1. ESAs consult on PRIIPs key information for

EU retail investors

The Joint Committee of the European Supervisory Authorities (ESAs) – EBA, EIOPA and ESMA –launched its Joint Consultation Paper on PRIIPs Key Information Documents to gather stakeholder views on proposed rules on the content and presentation of the Key Information Documents (KID). The KID, once finalised and implemented, aims to provide EU retail investors with consumer friendly information to enable retail investors to understand and compare packaged retail and insurance-based investment products (PRIIPs) across the EU, whether offered by banking, insurance or securities firms.Source: https://www.esma.europa.eu/sites/default/files/

library/2015/11/jc-2015-078_20151109_esas_consult_on_priips_key_information_for_retail_investors.pdf

2. SEC Proposes Rules to Enhance Transparency

and Oversight of Alternative Trading Systems

The Securities and Exchange Commission has announced that it has voted to propose rules to enhance operational transparency and regulatory oversight of alternative trading systems (ATSs) that trade stocks listed on a national securities exchange (NMS stocks), including “dark pools.” According to SEC, “Investors and other market participants need more and better information about how alternative trading systems work,”. “The proposed changes would represent a critical step forward in delivering greater transparency to investors and enhancing equity market structure.”The proposal would require an NMS stock ATS to file detailed disclosures on newly proposed Form ATS-N about its operations and the activities of its broker-dealer operator and its affiliates. These disclosures would include information regarding trading by the broker-dealer operator and its affiliates on the ATS, the types of orders and market data used on the ATS, and the ATS’ execution and priority procedures.Source: http://www.sec.gov/news/pressrelease/2015-261.html

HIGHLIGHTS OF DEVELOPMENTS IN

INTERNATIONAL SECURITIES MARKET

3. CPMI-IOSCO consultative paper Guidance

on cyber resilience for financial market

infrastructures

The Committee on Payments and Market Infrastructures (CPMI) and the Board of the International Organization of Securities Commissions (IOSCO) released the consultative paper Guidance on cyber resilience for financial market infrastructures (“the Cyber Guidance”).Financial market infrastructures (FMIs) play a critical role in promoting the stability of the financial system. Thus, the cyber risks faced by FMIs and their level of readiness to effectively deal with worst case scenarios have been considered top priorities by industry leaders and authorities alike. The Cyber Guidance aims to add momentum to and instil international consistency in the industry’s ongoing efforts to enhance FMIs’ ability to pre-empt cyber attacks, respond rapidly and effectively to them, and achieve faster and safer target recovery objectives if they succeed.Source: h t tps ://www.iosco .org/l ibrary/pubdocs/pdf/

IOSCOPD513.pdf

4. IOSCO Publishes final report on Standards for

the Custody of CIS Assets

The Board of the International Organization of Securities Commissions (IOSCO) published its final report on Standards for the Custody of Collective Investment Schemes’ Assets (CIS Assets). The report seeks to clarify, modernize and further develop international guidance for the custody of CIS assets consistent with IOSCO’s core Objectives and Principles of Securities Regulation, June 2010 (IOSCO Principles).It sets out eight standards divided into two sections aimed at identifying the core issues that should be kept under review by the regulatory framework to ensure investors’ assets are effectively protected.Source: h t tps ://www.iosco .org/l ibrary/pubdocs/pdf/

IOSCOPD512.pdf

1148


5. IOSCO reports on Transparency of Firms that

Audit Public Companies

The Board of the International Organization of Securities Commissions (IOSCO) published the final report Transparency of Firms that Audit Public Companies. The report addresses “audit firm transparency reporting”, which considers the practices employed by audit firms to be transparent in their own reporting to investors and other stakeholders about the firm itself, notably, with respect to firm governance and elements of their system of quality control for their financial statement audits. Transparency reporting can foster internal introspection and discipline within audit

firms and may encourage audit firms to sharpen their focus on audit quality, which would be of benefit to investors and other stakeholders. In comparing audit firms competing for an audit engagement, audit firm transparency reporting can aid those responsible for selecting a public company’s auditor in their decision making process by providing information on a firm’s audit quality.Source: ht tps ://www.iosco .org/l ibrary/pubdocs/pdf/

IOSCOPD511.pdf

1149


I. SEBI to participate in 35th India International

Trade Fair 2015, at New Delhi.

As part of its endeavor to showcase the well regulated securities market of India, as well as spreading the message of financial literacy and investor awareness, SEBI had set up a Pavilion ‘BHARAT KAA SHARE BAZAAR’ in the 35th India International Trade Fair 2015 (14-27 November 2015), New Delhi in association with market institutions/associations viz., NSE, BSE, NSDL, CDSL, AMFI, NCDEX, MCX and NISM. Shri U K Sinha, Chairman SEBI inaugurated the Pavilion on 14th November, 2015 in Hall No.18, Pragati Maidan, New Delhi.In its efforts in spreading financial literacy and investor education, SEBI in recent years has conducted over 30,000 such workshops all over the country. Important investor friendly reforms undertaken in recent years towards strengthening investor protection and enhancing fairness, transparency and integrity of the securities market in India include opening of Local Offices in major States, starting an investor helpline in 14 languages, computerized online grievance redressal system – SCORES, sending end of day alerts by SMS / email regarding transactions entered on their behalf, expanding the number of investor grievance and redressal arbitration centers in multiple towns, etc. Recently, Forward Markets Commission, the erstwhile regulator of commodity derivatives market in India, got merged into SEBI following the decision of Government of India in this regard. The main focus of the exhibition was to showcase the well regulated Indian Securities market and its various products and to spread investor education and awareness including cautioning the public at large against illegal money mobilization schemes through variety of activities such as talk shows by market experts, quizzes, skits, display of major investor friendly policies & facilities and live demo of SEBI Complaints Redress System (SCORES). Ref: PR No. 261/2015 dated November, 06, 2015

II. SEBI signs Memorandum of Understanding

on bilateral cooperation with the Bangladesh

Securities and Exchange Commission.Securities and Exchange Board of India (SEBI) and the Bangladesh Securities and Exchange Commission

PRESS RELEASES

(BSEC) signed a Memorandum of Understanding (MoU) on bilateral cooperation and technical assistance at Dhaka, Bangladesh on November 22, 2015.The MoU was signed by Shri U.K. Sinha, Chairman, SEBI and Dr. M. Khairul Hossain, Chairman, BSEC in the presence of the Hon’ble Prime Minister of Bangladesh, Ms. Sheikh Hasina and the Hon’ble Finance Minister of Bangladesh, Mr. AbulMaal A. Muhith.On this occasion, the Hon’ble Prime Minister, Ms. Sheikh Hasina said that with the signing of the MoU, door has opened up between the two countries in the capital market, one of the main streams of the economy. She further emphasized that the MoU will create an opportunity for strengthening the Bangladesh capital market utilizing the experience of SEBI.Shri Sinha stated that SEBI has been actively engaging with the securities market regulators in the SAARC region. He also mentioned about the continuing co-operation between SEBI and BSEC and noted that the MoU will further facilitate training and technical assistance program between the two jurisdictions besides strengthening relations.Dr. Hossain said that the presence of Hon’ble Prime Minister in the ceremony indicated the government’s attention towards the development of capital market. He particularly appreciated the contribution of SEBI for the cooperation and support to Bangladesh Securities and Exchange Commission with respect to its becoming signatory to the multilateral Memorandum of understanding of International Organization of Securities Commissions (IOSCO). He also recalled the assistance received by BSEC from SEBI for its various reform initiatives in recent years.The MoU, inter alia, seeks to promote further development of economic links and cooperation between the two signatories and aims at enhancing investor protection and creating conditions for an effective development of securities markets in the two countriesIn the past, SEBI has signed 20 bilateral MoUs with a number of countries. India and Bangladesh both are signatories to the multilateral MoU of International Organization of Securities Commissions (IOSCO).Ref: PR No. 270/2015 dated November, 23, 2015

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III. SEBI Board Meeting

The SEBI Board met in Mumbai on November 30, 2015 and took the following decisions:1) Listing of Stock Exchanges

The Board took note of representations received for listing of stock exchanges and considered the proposal to facilitate the same by placing certain safeguards and procedures with respect to shareholding norms, fit and proper criteria, and other issues of conflict of interest; thereby ensuring compliance with the ownership and governance norms as provided in Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2012.

The Board approved the listing of stock exchanges subject to the following measures proposed towards ensuring compliance with the SECC Regulations, 2012, by a listed stock exchange:

i. Towards maintaining of 51 percentage of shareholding of Public Category and ensuring that holding of trading members/ associates/ agents does not exceed 49 percent, a mechanism be put in place providing for approval of the listed stock exchange as and when holding of trading members/associates/agents reaches a limit of 45 percent.

ii. Towards ensuring compliance that every shareholder be Fit & Proper, each applicant shall be required to make declaration to this effect at the time of making application during IPO/OFS. SEBI will also issue necessary procedures to ensure compliance of the provisions post listing.

iii. The shareholding threshold of 2 percent, 5 percent or 15 percent as the case may be, shall be monitored through Depository mechanism.

iv. In order to effectively implement the provisions of listing of its associates on listed stock exchanges, the definition of associates is being appropriately amended.

v. Stock Exchanges shall be classified as infrastructure Company under SEBI (ICDR) Regulations, 2009.

The aforesaid measures shall, mutatis mutandis, apply on the listing of Depository.

2) Committee on Clearing Corporations

Based on the decision of the Board taken at its meeting held on August 24, 2015, public comments were sought on the Report of the Committee on Clearing Corporations headed by Shri. K.V. Kamath.

The Board considered the recommendations of the Committee and public comments received thereon. After deliberation, the Board broadly accepted the recommendations of the Committee relating to:

(a) Viability of introducing a single Clearing Corporation (CC) or interoperability between different CCs

The Committee had, inter alia, recommended against the idea of a single Clearing Corporation (CC) and felt that the question of interoperability of CCs can be looked into at a future date

(b) Transfer of profits every year by the recognized Stock exchanges to the fund of recognized CC

As per recommendation, the stock exchange need not transfer 25% of its profit to core SGF of CC considering the sufficient availability of SGF.

(c) Transfer of profits by depositories to their Investor Protection Fund.

The Committee recommended that 5% of profit from depository operations be transferred.

In addition, the Board, while considering the suggestion regarding the nature of eligible investment instruments, approved that apart from government securities and fixed deposits, liquid schemes of debt mutual funds may also be made eligible for investment by recognized CCs and be included in their liquid assets, subject to appropriate investment limits for such investments and any other conditions as may be specified by SEBI.

3) Consultation paper for disclosure requirements

for issuance and listing Green Bonds

The Board considered and approved the proposal for initiation of public consultation process for disclosure requirements for issuance and listing of Green Bonds, which are in line with

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the requirements as provided in Green Bond Principles as recommended by International Capital Market Association (ICMA).

The issuance and listing of Green Bonds in India does not require any amendment to the SEBI (Issue and Listing of Debt Securities) Regulations, 2008 (ILDS Regulations). The issue, listing and disclosure requirements as prescribed under the ILDS Regulations will continue to be applicable, like any regular corporate bond issuance.

4) Proposal for seeking approval for initiation of

public consultation process on introduction of

“Primary Market Debt offering through private

placement on electronic Book”

The Board considered and approved the proposal for initiation of public consultation process on introduction of “Primary Market Debt Offering through private placement on electronic Book”. The key benefits of such an electronic platform, inter-alia, are improvement in efficiency and transparency of the price discovery mechanism vis-à-vis the extant over-the-telephone market coupled with possible reduction of cost and time taken for such issuances.

It is proposed that such an electronic book may be created by entities to be named as Electronic Book Providers (EBPs).Entities such as stock exchanges, depositories and Merchant Bankers with net worth above Rs.100 crore may apply to SEBI for setting up EBPs.

5) Forfeiture of partly paid-up shares - Exemption

from Takeover Regulations

The Board approved the proposal to amend SEBI (SAST) Regulations, 2011 for providing general exemption from open offer obligations arising due to passive increase in voting rights as a result of expiry of call notice period and forfeiture of shares

6) Deemed Public Issues

Post April 01, 2014, any offer or allotment of securities shall be considered as public issue if the number of offerees/allottees exceeds 200 persons in a financial year under the Companies Act, 2013 as against the cap of 49 persons provided in the Companies Act, 1956.

The Board has approved that in respect of the cases involving issuance of securities to more than 49 persons but up to 200 persons in a

financial year, the companies may avoid penal action if they had provided the investors with an option to surrender the securities and get the refund amount at a price not less than the amount of subscription money paid along with 15% interest p.a. thereon. The exit may be provided by the company itself or by the promoters or by such persons as arranged by the company / promoters. The companies may adjust the amounts already paid to the allottees either as interest / dividend or otherwise from the amount of refund to be paid to the investors. In case of transfer of securities by the original allottees, option for refund may be provided to the current holders of the securities.

The refunds made by the company following the option for refund exercised by investors would be certified by independent practicing Chartered Accountants / practicing Company Secretaries / practicing Cost Accountants.

The proposal has taken into account the interest of investors while recognizing their right to stay invested in case they feel it is beneficial to them.

7) Business Responsibility Reporting by Listed

Entities

SEBI has, vide circular dated August 13, 2012, mandated Business Responsibility Reporting (BRR) requirement for top 100 listed entities based on market capitalization in their annual reports. The key principles which are required to be reported by the entities include the areas such as environment, social, governance, stakeholder’s relationships, etc.

SEBI Board has now approved that present applicability of BRR be extended to top five hundred listed entities based on market capitalization as on March 31st of every year.

As a green initiative, the business responsibility reports can be given on the websites of the companies providing website link for the same in their annual reports.

8) Exit opportunity to dissenting shareholders

The Board approved the proposal to initiate public consultation process regarding exit opportunity to dissenting shareholders under Companies Act, 2013 in case of change in objects or varying the term of contracts referred to in the prospectus.

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9) Public issuance of convertible securities

The Board approved the proposal to initiate public consultation process for revival of public issuance of convertible securities by listed entities.

10) Delisting of Small Companies Delisting Regulations provide for simplified

procedure of delisting for small companies and exempt them from the requirements of Chapter IV of the Delisting Regulations subject to certain conditions. Currently, one of such conditions is that the shares of the company have not been traded for the preceding one year.

Based on suggestion receive from Investor Association, Board has approved the proposal

that the condition of no trading for preceding one year may be relaxed and the small companies, whose trading of equity shares during the twelve calendar months is less than 10% of the total number of shares of such company, would also be eligible for simplified procedure of delisting.

However, to protect the interest of investors, the exit price shall not be less than the floor price determined for the purpose of Reverse Book Building for not frequently traded securities in terms of Delisting Regulations read with SEBI Takeover Regulations.

Ref: PR No. 283/2015 dated November, 30, 2015

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A. Circulars

I. Format for Voting Results

1. Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (hereinafter referred to as “Listing Regulations”), has prescribed that the listed entity shall submit to the stock exchange, within forty eight hours of conclusion of its General Meeting, details regarding the voting results in the format specified by the Board.

2. Accordingly, a format for voting results to be furnished by the listed entities has been specified alongwith the circular (format is available on the SEBI website).

3. The Stock Exchanges are advised to bring the provisions of this circular to the notice of listed entities and also to disseminate the same on its website. This circular shall come into force with effect from December 01, 2015.

Source: CIR/CFD/CMD/8/2015 November 4, 2015.

II. Format for quarterly holding pattern, disclosure

norms for corporate governance report and

manner for compliance with two-way fungibility

of Indian Depository Receipts (IDRs)

1. In terms of sub regulation (1) of regulation 69 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), listed entity shall file with the stock exchange the Indian Depository Receipt (IDR) holding pattern on a quarterly basis within fifteen days of end of the quarter in the format specified by SEBI. Accordingly, the listed entity that has issued IDRs shall file the holding pattern with the stock exchanges as specified (format is available on the SEBI website).

2. Further, sub regulation (1) of regulation 72 of Listing Regulations requires the listed entity to comply with the corporate governance provisions as applicable in its home country and other jurisdictions in which its equity shares are listed and sub regulation (2) of regulation 72 requires such a listed entity to submit to the stock exchange, a comparative analysis of the corporate governance provisions that

POLICY DEVELOPMENTS

are applicable in its home country and in the other jurisdictions in which its equity shares are listed alongwith the compliance of the same vis-a-vis the corporate governance requirements applicable under regulation 17 to regulation 27, to other listed entities.

3. To give effect to sub regulation (2) of regulation 72, listed entities shall be guided by the formats prescribed under SEBI Circular CIR/ CFD/ CMD/ 5 /2015 dated September 24, 2015. The listed entity shall include an additional column confirming whether the requirement in the row item, originating from the Listing Regulations, is applicable in its home country and other jurisdictions in which its equity shares are listed. Such reports shall follow the periodicity applicable in its home country and other jurisdictions in which its equity shares are listed.

4. Such information furnished by the listed entity to the stock exchanges in terms of sub regulation (1) of regulation 69 and sub regulation (2) of regulation 72 shall also be disclosed on the website of the such listed entity.

5. Further, sub regulation (3) of regulation 76 of Listing Regulations specifies that IDRs shall have two-way fungibility in the manner specified by the Board from time to time. Accordingly, the listed entity shall be guided by the procedure for partial two-way fungibility within the available headroom as specified in the Annexure I issued alongwith the circular (available on the SEBI website).


III. Format for Business Responsibility Report

(BRR)

1. At a time and age when enterprises are increasingly seen as critical components of the social system, they are accountable not merely to their shareholders from a revenue and profitability perspective but also to the larger society which is also its stakeholder. Hence, adoption of responsible business practices in the interest of the social set –up and the environment are as vital as their financial and operational performance. This is all the more relevant for

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listed entities which, considering the fact that they have accessed funds from the public, have an element of public interest involved, and are obligated to make exhaustive continuous disclosures on a regular basis. Ministry of Corporate Affairs, Government of India, in July 2011, came out with the ‘National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business’. These guidelines contain comprehensive principles to be adopted by companies as part of their business practices and a structured business responsibility reporting format requiring certain specified disclosures, demonstrating the steps taken by companies to implement the said principles. SEBI had introduced requirements with respect to BRR vide circular No. CIR/CFD/DIL/8/2012 dated August 13, 2012.

2. Pursuant to notification of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), the aforesaid circular dated August 13, 2012 was rescinded. As per clause (f) of sub regulation (2) of regulation 34 of Listing Regulations, the annual report shall contain a business responsibility report describing the initiatives taken by the listed entity from an environmental, social and governance perspective, in the format as specified by the Board. Accordingly, listed entities shall be guided by the format as specified in the Annexure I issued alongwith the circular (available on the SEBI website).

3. Certain key principles to assess the fulfilment of listed entities and a description of the core elements under these principles are detailed in the Annexure II issued alongwith the circular (available on the SEBI website).

4. Those listed entities which have been submitting sustainability reports to overseas regulatory agencies/stakeholders based on internationally accepted reporting frameworks need not prepare a separate report for the purpose of these guidelines but only furnish the same to their stakeholders alongwith the details of the framework under which their BR Report has been prepared and a mapping of the principles contained in these guidelines to the disclosures made in their sustainability reports.


IV. Streamlining the Process of Public Issue of

Equity Shares and Convertibles

1. As a part of the continuing endeavor to streamline the process of public issue of equity shares and convertibles, it has been decided, in consultation with the market participants –

i. to reduce the time taken for listing after the closure of issue to six working days as against the present requirement of twelve working days, and

ii. to broad-base the reach of investors by substantially enhancing the points for submission of applications.

iii. In this regard, necessary amendments to the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 have already been notified.

2. The operational details to implement the above are outlined below:

2.1. All the investors applying in a public issue shall use only Application Supported by Blocked Amount (ASBA) facility for making payment i.e. just writing their bank account numbers and authorising the banks to make payment in case of allotment by signing the application forms, thus obviating the need of writing the cheques.

2.2. In addition to the Self Certified Syndicate Banks (SCSBs), Syndicate Members and Registered Brokers of Stock Exchanges, the Registrars to an Issue and Share Transfer Agents (RTAs) and Depository Participants (DPs) registered with SEBI are now permitted to accept application forms (both physical as well as online) in public issues.

2.3. The RTAs and DPs shall provide their contact details, where the application forms shall be collected by them, to the recognized stock exchanges by November 30, 2015 as per the format specified in the Annexure-A issued alongwith the circular(available on website) and the same shall be disclosed by the stock exchanges on their websites. RTAs and DPs shall regularly update the said details by furnishing current information to the stock exchanges which shall be disclosed by the stock exchanges.

Processing of Applications by Intermediaries

2.4. Intermediaries accepting the application forms shall be responsible for uploading the bid alongwith other relevant details in application

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forms on the electronic bidding system of stock exchange(s) and submitting the form to SCSBs for blocking of funds (except in case of SCSBs, where blocking of funds will be done by respective SCSBs only). They shall undertake the various activities in accordance with indicative timelines as specified in this circular.

2.5. All applications shall be stamped and thereby acknowledged by the intermediary at the time of receipt.

Alerts by Stock Exchanges

2.6. Similar to the systems prevalent in case of secondary market transactions, the stock exchanges shall develop the systems to facilitate the investors to view the status of their public issue applications on their websites and sending the details of applications and allotments through SMS and E-mail alerts to the investors.

Timelines

2.7. The revised indicative timelines for various activities are specified in the Annexure- B issued alongwith the circular (available on website).

2.8. All intermediaries shall co-ordinate with one another to ensure completion of listing of shares and commencement of trading by T+6.

Other Requirements

2.9. Amount of commission payable to RTA / DP shall be determined on the basis of applications which have been considered eligible for the purpose of allotment. In order to determine to which RTA / DP the commission is payable to, the terminal from which the bid has been uploaded will be taken into account.

2.10. The details of commission and processing fees payable to each intermediary and the timelines for payment shall be disclosed in the offer document and this shall be implemented strictly.

3. The intermediaries shall provide guidance to their investors on making applications in public issues.

4. The merchant bankers shall ensure that appropriate disclosures are made in offer documents in accordance with this circular.

5. All intermediaries are advised to take necessary steps to ensure compliance with this circular.

6. The responsibilities of various intermediaries and indicative timelines, prescribed vide the previous circulars, shall stand modified to the extent stated under this circular:

7. This circular is being issued in exercise of the powers under section 11 read with section 11A of the Securities and Exchange Board of India Act, 1992.

Source: CIR/CFD/POLICYCELL/11/2015 November 10, 2015

V. Annual System Audit, Business Continuity Plan

(BCP) and Disaster Recovery (DR)

1. Pursuant to Section 131 of the Finance Act, 2015 and Central Government notification F.No. 1/9/SM/2015 dated August 28, 2015, all recognized associations under the Forward Contracts (Regulation) Act, 1952 are deemed to be recognized stock exchanges under the Securities Contracts (Regulation) Act, 1956 with effect from September 28, 2015. This circular applies to National Commodity Derivatives Exchanges (Exchanges) as defined in the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) (Amendment) Regulations, 2015.

2. While technological developments and innovations bring efficiency to the markets, they may also pose certain risks to the stability and integrity of the markets, if not identified and managed effectively. Further, any events of disaster will disrupt trading systems adversely, thereby impacting the market integrity and the confidence of investors. Exchanges should therefore have robust Business Continuity Plan (BCP) and Disaster Recovery (DR) to ensure continuity of operations.

3. In view of above, the guidelines relating to Annual System Audit, BCP and DR are as follows:

A. Annual System Audit.

I. The exchanges shall conduct annual system audit as per the prescribed audit framework which includes, audit process, auditor selection norms, Terms of Reference (TOR) and audit report guidelines in accordance with SEBI circular no. CIR/MRD/DMS/13/2011dated November 29, 2011.

II. First Annual System Audit of Exchanges shall be conducted on or before June 30, 2016 for the year 2015-16 as per the provisions of the above mentioned circular. The Systems Audit Report and compliance status should be placed before

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the governing board of the exchange and communicated to SEBI alongwith their comments.

B. Business Continuity Plan (BCP) and

Disaster Recovery (DR).

I. The exchanges shall have BCP& DR policy in place and implement the broad guidelines regarding the setting up of Disaster Recovery Site (DRS) and Near Site (NS), Configuration of DRS/NS with Primary Data Centre (PDC), DR drills / Testing, BCP DR policy document as per the provisions of SEBI circular no. CIR/MRD/DMS/12/2012 dated April 13, 2012 read with circular no. CIR/MRD/DMS/17/2012 dated June 22, 2012.

II. The exchanges having DRS / NS shall align their entire set up in accordance with the provisions as mentioned in the circulars at Point B(I) on or before April 01, 2016.

III. The exchanges which do not have DRS / NS presently shall set up DRS/NS on or before September 30, 2016 in accordance with the provisions as mentioned in the circulars at Point B (I).

IV. The exchanges shall submit their BCP – DR policy alongwith detailed plan of action for implementation to SEBI on or before April 01, 2016.

5. All the provisions of this circular shall be implemented by national commodity derivatives exchanges, unless otherwise approved by SEBI.

Source: CIR/CDMRD/DEICE/01/2015 November 16, 2015.

VI. Investor Grievance Redressal System and

Arbitration Mechanism.

1. Pursuant to Section 131 of the Finance Act, 2015 and Central Government notification F. No. 1/9/SM/2015 dated August 28, 2015, all recognized associations under the Forward Contracts (Regulation) Act, 1952 are deemed to be recognized stock exchanges under the Securities Contracts (Regulation) Act, 1956 with effect from September 28, 2015. This circular applies to National Commodity Derivatives Exchanges as defined in the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) (Amendment) Regulations, 2015.

2. This circular is issued with an objective to streamline and strengthen the framework of investor redressal and arbitration mechanism at commodity derivatives exchanges in line with the securities market. The provisions of this circulars are as under :

A. Investor Service Centre(ISC)/ Investor

Grievances Redressal Committee (IGRC) :

i. The national commodity derivative exchanges shall set up investor service centers (ISC) for the benefit of the public/ investors in accordance with the circular CIR/MRD/DSA/03/2012 dated January 20, 2012.

ii. The national commodity derivatives exchanges shall constitute IGRC in accordance with the SEBI circular no CIR/MRD/DSA/03/2012 dated January 20, 2012 and shall perform all such functions and responsibilities as stated in the SEBI circular no CIR/MRD/ICC/30/2013 dated September 26, 2013.

B. Arbitration Committee / Panel and

Appellate Arbitration:

i. The national commodity derivatives exchanges shall maintain panel of arbitrators, code of conduct for arbitrators, arbitration process, appellate arbitration, place of arbitration (nearest address provided by the client in the KYC form), implementation of arbitration award in favour of clients, records and disclosures as per the provisions of SEBI Circulars No CIR/MRD/DSA/24/2010 dated August 11,2010, CIR/MRD/DSA/04/2012date January 20, 2012 and CIR/MRD/ICC/20/2013 dated July 05, 2013.

ii. The national commodity derivatives exchanges shall make applicable the arbitration fees to each parties to the arbitration in accordance with the SEBI Circular No CIR/MRD/DSA/29/2010 dated August 31, 2010 read with CIR/MRD/ICC/29/2012dated November 07, 2012 and CIR/MRD/ICC/29/2013 dated September 26, 2013.

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C. Automatic Process and Common Pool of

arbitrators :

i. The national commodity derivatives exchanges shall pool all arbitrators of their exchange in the common pool across all national commodity derivatives exchanges, facilitate automatic selection of arbitrators from the common pool and shall also follow all other provisions mentioned in the SEBI Circular CIR/MRD/ICC/8/2013 dated March 18, 2013.

3. All the provisions of this circular shall be implemented by national commodity derivatives exchanges latest by April 1, 2016, unless otherwise approved by SEBI.

4. The norms specified by Forward Markets Commission shall continue to be in force to the extent not modified or repealed by this circular.

5. The implementation of this circular should be reported by the national commodity derivatives exchange to SEBI on monthly basis.

Source: CIR/CDMRD/DIECE/02/2015 November 16, 2015.

VII. Timelines for Compliance with various

provisions of Securities Laws by Commodity

Derivatives Exchanges.

1. Pursuant to Section 131 of the Finance Act, 2015 and Central Government Notification S.O. 2362 (E) dated August 28, 2015, all recognized associations (commodity derivatives exchanges) under the Forward Contracts (Regulation) Act, 1952 (‘FCRA’) are deemed to be recognized stock exchanges under the Securities Contracts (Regulation) Act, 1956 (‘SCRA’) with effect from September 28, 2015.

2. Section 131 of the Finance Act, 2015 also stipulates that SEBI may provide such deemed exchanges, adequate time to comply with the provisions of SCRA and any regulations, rules, guidelines or like instruments made under SCRA. Accordingly, commodity derivatives exchanges shall comply with the provisions of SCRA, applicable provisions of Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2012, (‘SECC Regulations’) and SEBI circular CIR/MRD/DSA/33/2012 dated December 13, 2012, on procedural norms on recognition, ownership and Governance for Stock Exchanges and Clearing Corporation (‘SECC Circular’).

3. The timelines provided in this circular shall be reckoned from the date of recognized associations under FCRA having been deemed to be recognized stock exchanges under SCRA, i.e. September 28, 2015.

Corporatization and Demutualization:

4. Regional commodity derivatives exchanges shall corporatize and demutualize within a period of three years in accordance with the provisions contained in section 4B of SCRA. In this regard, regional commodity derivatives exchanges shall submit a scheme for corporatization and demutualization for SEBI approval within a period of two years, as per the procedure laid down in section 4B of SCRA.

Clearing and Settlement:

5. Commodity derivatives exchanges shall transfer the functions of clearing and settlement of trade to a separate clearing corporation within three years. Till then, the exchanges may continue with the existing arrangement for clearing and settlement of trades.

Validity of recognition of Commodity Derivative

Exchanges:

6. Validity of recognition of commodity derivatives exchanges under SCRA shall be taken to be the same as the validity of their recognition under FCRA. Further, the renewal of recognition, if any, will be as per SCRA and SECC Regulations.

7. The conditions required to be continuously complied with by recognized stock exchanges as given in Regulation 7(3) of SECC Regulations shall be complied with by national commodity derivative exchanges within one year and by regional commodity derivatives exchanges within three years.

However, commodity derivatives exchanges shall immediately put in place adequate surveillance system to monitor positions, prices and volumes etc. so as to ensure market integrity till online real-time surveillance systems are set up and operationalised.

8. Conditions required to be continuously complied with by recognized clearing corporations given in Regulation 7(4) of SECC Regulations, to the extent applicable, shall be complied with by national commodity derivatives exchanges within one year and by regional commodity derivatives exchanges within three years.

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Regulatory Fee:

9. Commodity derivatives exchanges shall pay the regulatory fee in terms of Securities and Exchange Board of India (Regulatory Fee on Stock Exchanges) Regulations, 2006.

Networth Requirements:

10. Commodity derivatives exchanges shall comply with Regulation 14(1) of SECC Regulations as specified below:

a) Any national commodity derivatives exchange having a networth of less than INR 100 crore, shall achieve a minimum networth of INR 100 crores by May 5, 2017. Further, it shall submit a plan duly approved by its shareholders to SEBI for achieving the networth in terms of Regulation 14 of SECC Regulations, within six months.

b) Any regional commodity derivatives exchange having networth of less than INR 100 crore, shall achieve a minimum networth of INR 100 crores within three years. Further, it shall submit a plan duly approved by its shareholders to SEBI for achieving the networth in terms of regulation 14 of SECC Regulations, within six months.

11. It may be stated that commodity derivative exchanges shall not distribute profits in any manner to its shareholders until the requisite networth of INR 100 crores is achieved in terms of Regulation 14(4) of SECC Regulations.

12. It may also be stated that commodity derivatives exchanges shall submit audited networth certificate from the statutory auditor on an yearly basis by the thirtieth day of September every year for the preceding financial year in terms of Regulation 14(5) of SECC Regulations. The networth certificate for the financial year ended on 31st March, 2015 shall be submitted by 31st December, 2015.

Ownership:

13. National commodity derivatives exchanges shall comply with the shareholdings limits specified under SECC Regulations, 2012 by May 5, 2019. As per clause 5 of SECC Circular, they shall put in place a monitoring mechanism to ensure compliance with the shareholding restrictions specified in SECC Regulations.

14. Shareholdings of existing shareholders of national commodity derivatives exchanges, whose shareholdings were approved by Forward Markets Commission (FMC), shall not require fresh approval from SEBI. However, any fresh holdings will be governed by the provisions of Regulation 19 of SECC Regulations and SECC Circular.

15. Regulations 20 to 22 of SECC Regulations shall be applicable to national commodity derivative exchange with immediate effect. The format for submitting shareholding pattern to SEBI is being specified in the annexure issued alongwith the circular (available on the SEBI website).

16. Regional Commodity Derivatives Exchanges shall comply with the provisions specified in Chapter IV of SECC Regulations within three years.

Governance:

17. Provisions of Regulations 23 to 26 shall be applicable to national commodity derivatives exchanges, subject to the following:

a) Existing Independent Directors on the boards of national commodity derivatives exchanges shall be deemed to be Public Interest Directors (PIDs) under SECC Regulations,

b) All existing directors on the governing boards of national commodity derivatives exchanges who are not in compliance with SECC Regulations may be allowed to continue for one year or till completion of their term, whichever is earlier.

c) All new appointments on the governing boards of national commodity derivatives exchanges shall be governed by the provisions of SECC Regulations and SECC Circular.

18. National Commodity Derivatives Exchanges shall comply with the provisions of Regulation 27 of SECC Regulations within one year.

19. Regional Commodity Derivatives Exchanges shall comply with the provisions of Regulations 23 to 27 of SECC Regulations within three years.

Segregation of Regulatory Departments:

20. Commodity derivatives exchanges shall segregate their regulatory departments (as indicated in SECC Circular) from other departments in the manner specified in Part C of Schedule II of SECC Regulations within six months.

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Oversight Committees:

21. Commodity derivative exchanges shall comply with the requirements of Regulation 29 read with Regulation 44D (1) (b) of SECC Regulations within three months. National commodity derivatives exchanges shall constitute an oversight committee for ‘Product design’, chaired by a Public Interest Director, within three months.

Advisory Committee and other Statutory

Committees:

22. National commodity derivatives exchanges shall constitute Advisory committees in line with Regulation 30 of SECC Regulations, 2012 and statutory committees as specified in SECC Circular within one year.

23. Regional commodity derivatives exchanges shall constitute Advisory committees in line with Regulation 30 of SECC Regulations, 2012 and statutory committees as pre specified scribed in SECC Circular within three years.

Risk Management Committee:

24. Till the functions of clearing and settlement are transferred to a separate clearing corporation, commodity derivatives exchanges shall comply with provisions of Regulation 31 of SECC Regulations relating to risk management committee. This committee shall be constituted.

Appointment of Compliance Officer:

25. All commodity derivative exchanges shall appoint a compliance officer in terms of Regulation 32 of SECC Regulations.

Transfer of Penalties:

26. National commodity derivative exchanges shall credit all settlement related penalties to their settlement guarantee fund (SGF) and other penalties to Investor Protection Fund (IPF).

27. Regional Commodity Derivatives Exchanges shall credit all penalties to their SGF. On creation of IPF, regional commodity derivatives exchanges shall credit penalties other than settlement related to their IPF.

Disclosure and Corporate Governance Norms:

28. Regulation 35 of SECC Regulations shall be applicable to national commodity derivative exchanges immediately. Regional commodity derivatives exchanges shall comply with this Regulation within three years.

General Obligations:

29. Till the functions of clearing and settlement are transferred to a separate clearing corporation, commodity derivative exchanges shall comply with the provisions of Regulation 39 of SECC Regulations on Fund to guarantee settlement of trades.

30. The provisions of Regulations 41, 42, 43, 44 and 44A of SECC Regulations to a recognized stock exchange shall be applicable to commodity derivatives exchanges. Additionally, the provisions of Regulations 41, 42, 43, 44 and 44A of SECC Regulations in so far as they pertain to a recognized clearing corporation shall be applicable to commodity derivatives exchanges till the functions of clearing and settlement are transferred to a separate clearing corporation.

31. Till the functions of clearing and settlement are transferred to a separate clearing corporation, commodity derivative exchanges shall have right to recover dues from its trading/clearing members arising from the discharge of their clearing and settlement functions from the collaterals, deposits and the assets of the trading/clearing members in line with Regulation 44B of SECC Regulations.

32. Regulation 44C and 44D of SECC Regulations shall be applicable to commodity derivatives exchanges.

Listing:

33. Regulation 45 of SECC Regulations shall be applicable to commodity derivatives exchanges.

Dematerialization of Securities:

34. National commodity derivative exchanges shall comply with Regulation 46 of SECC Regulations with respect to holding securities in dematerialized form within six months, and regional commodity derivatives exchanges shall comply with the same within three years.

Source: CIR/CDMRD/DEA/03/2015 November 26, 2015.

VIII. Issue of No Objection Certificate for release of

1% of issue amount.

1. As per the extant Listing Agreement with the Stock Exchanges, Issuer Company deposits 1% of the issue amount of the securities offered to the public and/or to the holders of the existing securities of the company, as the case may be,

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with the designated stock exchange. SEBI, vide circular no. OIAE/Cir-1/2009 dated November 25, 2009, had laid down the procedure for issuance of No Objection Certificate to the designated stock exchange for release of the amount to the issuer company.

2. On Listing Agreements being novated and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 taking effect from December 01, 2015,an issuer company shall deposit the 1% security deposit in terms of the respective Regulations related to issuance of capital. Therefore, Circular no. OIAE/Cir-1/2009 dated November 25, 2009, shall be partially modified w.e.f. December 01, 2015 as:

(a) In para 1 of the Circular the phrase “as per the Listing Agreement with the Stock Exchanges” shall be replaced by “as per provisions of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009, SEBI (Issue and Listing of Debt Securities) Regulations, 2008, SEBI (Issue and Listing of Non-Convertible Redeemable Preference Shares) Regulations, 2013 and SEBI (Public Offer and Listing of Securitised Debt Instruments) Regulations, 2008”.

(b) In para 5(b) of the Circular the words “Listing Agreement” shall stand deleted.

3. This Circular is issued in exercise of powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 to protect the interests of investors in securities and to promote the development of, and to regulate the securities market.

Source: CIR/OIAE/001/2015 November 30,2015.

IX. Non-compliance with certain provisions of

SEBI (Listing Obligations and Disclosure

Requirements) Regulations, 2015 and Standard

Operating Procedure for suspension and

revocation of trading of specified securities.

1. In terms of sub regulation (1) of regulation 97 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), recognized Stock Exchanges shall monitor compliance by listed entities with the provisions of the regulations.

2. Sub regulations (1) and (2) of regulation 98 of Listing Regulations inter alia specify liability of a listed entity or any other person for contravention and actions which can be taken by the respective stock exchange and the revocation of such actions, in the manner specified by SEBI.

3. Accordingly, recognized stock exchanges shall use imposition of fines as action of first resort in case of such non compliances and invoke suspension of trading in case of subsequent and consecutive defaults. Accordingly, in order to maintain consistency and uniformity of approach the recognized stock exchanges shall follow the following procedure:

a) Uniform fine structure for non-compliance with Listing Regulations regarding non-submission of certain periodic reports as specified in Annexure -I issued along with the circular (available on website).

b) Standard Operating Procedure (SOP) for suspension and revocation of suspension of trading of specified securities as specified in Annexure – II issued along with the circular (available on website).

4. In order to ensure effective enforcement of the Listing Regulations, the depositories, on receipt of intimation from concerned recognized stock exchange, shall freeze or unfreeze, as the case may be, the entire shareholding of the promoter and promoter group in such entity.

5. The recognized stock exchanges shall disclose on their website the action/s taken against the listed entities for non-compliance(s); including the details of respective requirement, amount of fine, period of suspension, freezing of shares, etc.

6. Recognized stock exchanges may, having regard to the interests of investors and securities market, take appropriate action in line with the principles and procedures laid down in Annexure - I and II issued along with the circular and any deviation therefore should not dilute the spirit of the policy contained therein. Any deviation shall be on justifiable reasons to be recorded in writing. The above actions are without prejudice to power of SEBI to take action under securities laws for above violations.

7. The Stock Exchanges are advised to bring the provisions of this circular to the notice of listed entities and also to disseminate the same on its

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website. This circular shall come into force with effect from December 01, 2015.

8. This circular is issued under regulations 97, 98, 99 and 102 read with regulation 101(2) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.


X. Disclosure of holding of specified securities

and Holding of specified securities in

dematerialized form.

1. Regulation 31 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), deals with the disclosure of shareholding pattern and manner of maintaining shareholding in dematerialized format.

2. Manner of representation of holding of

specified securities.

a. The holding of specified securities shall be divided into the following 3 categories viz. Promoter and Promoter Group, Public and Non Promoter Non Public.

b. ‘Promoter and Promoter Group’ shall have the same meaning as defined under Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009.

c. The details of the shareholding of the promoters and promoter group must be accompanied with PAN Number (first holder in case of joint holding). Further, the shareholding of the promoter and promoter group is to be consolidated on the basis of the PAN and folio number to avoid multiple disclosures of shareholding of the same person.

d. In the disclosure of Public Shareholding: i. For disclosure under category

“Institution”, the shareholder should fall under the category “Qualified Institutional Buyer” as defined under Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009.

ii. All other Public Shareholding shall be displayed under Categories “Central Government/State Government(s)/President of India” or “Non-Institutions”.

iii. Names of the shareholders holding 1% or more than 1% of shares of listed entity is to be disclosed.

iv. Names of the shareholders who are persons acting in concert, if available, shall be disclosed separately.

e. Shares against which Depository Receipts have been issued:

i. As per Securities Contracts (Regulation) Rules, 1957 and Depository Receipts Scheme, 2014, the shares of a listed entity underlying the depository receipts shall form part of the public shareholding of the company only if the holder of such depository receipts has the right to issue voting instruction and such depository receipts are listed on an international exchange.

ii. Accordingly, the underlying shares, against which depository receipts have been issued, held by any person belonging to Promoter and Promoter Group, shall be disclosed under category ‘Promoter and Promoter Group’. The shares which are held by persons other than Promoter and Promoter Group and satisfying the above conditions would be classified under the category ‘Public Shareholding’.

iii. The underlying shares, against which depository receipts have been issued, of a listed entity not satisfying the conditions at para (i) above which are held by Public Shareholders shall be classified under category ‘Non Public Non Promoter shareholding’.

3. The listed entity shall ensure that shareholding of employee trusts and schemes are shown separately in relevant categories in terms of SEBI (Share Based Employee Benefits) Regulations, 2014.

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4. Manner of calculation of shareholding

a. The categories as defined at para 2(a) above: i. Promoter and Promoter Group (A) ii. Public (including shares underlying

DRs which fulfil the conditions laid down in Rule 2(e) of Securities Contracts (Regulation) Rules, 1957) (B).

iii. Non Promoter Non Public (C) 1. Shares held by DR Holders

(which don’t fulfil the conditions laid down in Rule 2(e) of Securities Contracts (Regulation) Rules, 1957) (C1)

2. Shares held by Employee Benefit Trust under Securities and Exchange Board of India (Share Based Employee Benefits) Regulations, 2014 (C2)

b. Total Shareholding for the purpose of calculating the public shareholding shall be calculated as (A+B+C2) in line with requirements of Depository Receipts Scheme, 2014, Securities Contracts (Regulation) Rules, 1957 as amended up to February 25, 2015 and Securities and Exchange Board of India (Share Based Employee Benefits) Regulations, 2014.

c. Percentage of promoter Shareholding shall be calculated as A/(A+B+C2) * 100.

d. Percentage of public Shareholding shall be calculated as B/(A+B+C2) * 100.

5. Formats: The format for disclosure of holding of specified securities has been specified in the Annexure I issued alongwith the circular (available on website).

a. Summary statement showing holding of specified securities of the listed entity should be as per the format given in Table-I attached with the circular (available on website).

b. Statement showing holding of specified securities of the Promoter and Promoter Group should be as per the format given in Table-II attached with the circular (available on website).

c. Statement showing holding of specified securities of the public shareholders should be as per the format given in the Table-III

attached with the circular (available on website).

d. Statement showing holding of specified securities of the Non Promoter- Non Public shareholder should be as per the format given in the Table-IV attached with the circular (available on website).

6. Holding of specified securities in dematerialized

form:

a. Regulation 31(2) of Listing Regulations mandates the Listed Entities to ensure that 100% of shareholding of promoter(s) and promoter group is in dematerialized form and the same is maintained on a continuous basis in the manner specified by the Board. The listed entity shall take into consideration the following exemptions while arriving at compliance with 100% promoter(s) holding in dematerialized form:-

i. promoter(s) shares which were sold in physical mode and have not been lodged for transfer with the listed entity ;

ii. matters that are sub-judice before any Court/Tribunal, concerning shareholding of promoters/promoter group either in part or in entirety; or

iii. shares that cannot be converted into dematerialized form due to death of any promoter(s);

b. For availing such exemption under Para 6(a) - (i) to (iii) above, Listed Entity shall approach Stock Exchange(s) along with necessary documentary evidence.

c. In case any such exemption has been granted to the Listed Entity the same must be stated in summary statement and given separately and information should be given separately in Annexure issued alongwith the circular (available on website).

d. Further, at least 50% of non-promoter holding shall be held in dematerialized form. The listed entity shall take necessary steps for achieving the same.

e. While computing the requirement of minimum 50% shareholding of non-promoters in dematerialized form in a company, the government holding in non-promoter category may be excluded.

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7. Display of holding of specified securities on

website of Stock Exchange(s).

a. If the Listed Entity confirms that any particular instrument is not issued or there are no encumbered/pledged shares and locked-in shares, respective columns will not be displayed by the Stock Exchange(s) on their website. The declaration given by the Listed Entity in this regard would be displayed by Stock Exchange(s).

b. The Stock Exchange(s) shall also ensure that PAN numbers so disclosed in different tables are not displayed on the website of Stock Exchange(s).

8. The Depositories shall provide the shareholding data to listed entities in the requisite categorization as prescribed in the Circular.

9. The Stock Exchanges are advised to bring the provisions of this circular to the notice of the listed entities and also to disseminate the same on its website. This circular shall come into force on December 01, 2015.

10. This Circular is issued in exercise of the powers conferred under Section 11 and Section 11A of the Securities and Exchange Board of India Act, 1992 read with Regulation 31 and Regulation 101(2) of the Listing Regulations, 2015.

Source: CIR/CFD/CMD/13/2015 November 30, 2015

XI. Manner of achieving minimum public

shareholding.

1. Regulation 38 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 provides that the listed entity shall comply with minimum public shareholding requirements in the manner as specified by the Board from time to time.

2. In order to achieve the minimum level of public shareholding specified in Rule 19(2)(b) and/or Rule 19A of the Securities Contracts (Regulation) Rules, 1957, the Listed Entity shall adopt any of the following methods :-

i. Issuance of shares to public through prospectus;

ii. Offer for sale of shares held by promoters to public through prospectus;

iii. Sale of shares held by promoters through the secondary market in terms of SEBI

circular CIR/MRD/DP/05/2012 dated February 1, 2012;

iv. Institutional Placement Programme (IPP) in terms of Chapter VIIIA of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009;

v. Rights Issue to public shareholders, with promoter/promoter group shareholders forgoing their entitlement to equity shares, that may arise from such issue;

vi. Bonus Issues to public shareholders, with promoter/promoter group shareholders forgoing their entitlement to equity shares, that may arise from such issue;

vii. Any other method as may be approved by SEBI on a case to case basis. For this purpose, the listed entities may approach SEBI with appropriate details. SEBI would endeavor to communicate its decision within 30 days from the date of receipt of the proposal or the date of receipt of additional information as sought from the company.

3. The Stock Exchanges are advised to bring the provisions of this circular to the notice of the listed entities and also to disseminate the same on its website. This circular shall come into force on December 01, 2015.

4. This Circular is issued in exercise of the powers conferred under Section 11 and Section 11A of the Securities and Exchange Board of India Act, 1992 read with Regulation 38 and Regulation 101(2) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.


XII. Formats for publishing financial results.

1. In order to enable investors to make well-informed investment decisions, timely, adequate and accurate disclosure of financial results on a periodical basis is critical. At the same time, to ensure comparability, uniformity and parity in disclosures made by listed entities across stock exchanges is essential.

2. Towards this end, Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (hereinafter

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referred to as “the listing Regulations, 2015”), has prescribed various disclosures to be filed under various provisions contained therein in the formats as may be specified by the Board.

3. Formats:

a) The quarterly financial results shall be presented in the format prescribed in Annexure I and for companies other than banks is prescribed in Annexure II for banks and are issued along with the circular (available on website).

b) Manufacturing, trading and service companies, which propose to follow functional (secondary) classification of expenditure in the annual profit and loss account, shall furnish quarterly financial results in the alternative format prescribed at Annexure III issued along with the circular and is available on website. The alternative format shall be used only if such format is used consistently from the first quarter of the financial year.

c) If the company has more than one reportable primary segment in terms of Accounting Standard (‘AS’) 17/ Indian Accounting Standard (‘Ind AS’) 108 mandated under Section 133 of the Companies Act, 2013 read with rules framed thereunder or issued by ICAI, it shall also submit quarterly and annual segment information as part of financial results in the format as specified in Annexure IV issued along with the circular (available on website).

d) Limited review reports shall be given by auditors in the format prescribed in Annexure V for companies other than banks (including those using the alternative format of financial results) and in the format given in Annexure VI for banks issued along with the circular (available on website).

e) In case of audited financial reports, the audit report shall be given by the auditors in the format given in Annexure VII for companies other than banks (including those using the alternative format of financial results) and in the format given in Annexure VIII for banks issued along with the circular and is available on website..

f) Half-Yearly Statement of Assets and Liabilities shall be in the format specified in Annexure IX issued along with the circular (available on website) drawn from Schedule III of the Companies Act, 2013 or its equivalent formats in other statutes, as applicable.

g) The Form A (for audit report with unmodified opinion) and Form B (for audit report with modified opinion) shall be filed in the format specified in Annexure X issued along with the circular (available on website).

h) The financial results published in the newspapers in terms of Regulation 47(1)(b) shall be in the format prescribed in Annexure XI issued along with the circular(available on website).

4. While preparation of the financial results, the

following shall be noted:-

a. Annual audited financial results shall be in the format as is applicable to quarterly financial results. However, columns and figures relating to the last quarter, year to date results and corresponding three months in previous year may not be disclosed.

b. The applicable Accounting Standards are those standards mandated under Section 133 of the Companies Act, 2013 read with the relevant rules issued thereunder/issued by ICAI as applicable.

c. The classification / disclosure of items in the financial results shall be in accordance with the Schedule III of the Companies Act, 2013 or its equivalent formats in other statutes, as applicable.

5. Companies adopting the Ind AS in terms of Companies (Indian Accounting Standards) Rules, 2015 notified by the Ministry of Corporate Affairs on February 16, 2015 while publishing quarterly/annual financial results under Regulation 33 of the Listing Regulations, 2015, shall ensure that the comparatives filed along with such quarterly/annual financial results are also Ind AS compliant.

6. The Stock Exchanges are advised to bring the provisions of this circular to the notice of listed entities and also to disseminate the same on its

1165


website. This circular shall come into force with effect from December 01, 2015.

7. This Circular is being issued in exercise of powers conferred under Section 11 and Section 11A of the Securities and Exchange Board of India Act, 1992 read with Regulation 33, Regulation 47 and Regulation 101(2) of the Listing Regulations, 2015.


XIII. Schemes of Arrangement by Listed Entities

and (ii) Relaxation under Sub-rule (7) of rule 19

of the Securities Contracts (Regulation) Rules,

1957.

1. SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (hereinafter referred to as “listing regulations”) place obligations with respect to Scheme of Arrangement on Listed Entities and Stock Exchange(s) in Regulation 11, 37 and 94.

Sub-rule (7) of rule 19 of the Securities Contracts (Regulation) Rules, 1957 (hereinafter referred

to as “the SCRR”) provides that Securities and Exchange Board of India (SEBI) may, at its own discretion or on the recommendation of a recognised stock exchange, waive or relax the strict enforcement of any or all of the requirements with respect to listing prescribed by these rules.

2. Thus the additional requirements in order to achieve the intent of regulations 11, 37 and 94 and for availing exemption under sub-rule (7) of rule 19 of SCRR, if applicable are specified in the Annexure-I issued along with the circular(available on website).

3. Applicability: The Circular shall come into force w.e.f. December 01, 2015. The Schemes already submitted to the stock exchange in terms of Part A of SEBI Circular CIR/CFD/DIL/5/2013 dated February 04, 2013 read with CIR/CFD/DIL/8/2013 dated May 21, 2013, shall be governed by the requirements specified in these circulars.


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• SEBI vide its order dated 30th Nov, 2015 in exercise of the powers conferred under Section 15-I of the SEBI Act, 1992 read with Rule 5 of the SEBI Rules, 1995 imposed the following monetary penalties on Mr. Jayesh Shah, Mr. Tushar Shah and Mr. Parag Shah for violating the Regulations 3(a) (b) (c) , 4(1) , 4(2)(e) of SEBI (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Market), Regulations, 2003 in the matter of M/s. Platinum Corporation Limited:

S. No

Name of the

Noticee

No. of shares

offloaded

Approx. profit made(in `)

Penalty imposed - 3 times of the profit made

(in `)

1 Jayesh Shah

40,00,000 24,00,000(40,00,000 x 0.6)

` 72,00,000 (Rupees Seventy Two Lakhs Only)

2 Tushar Shah

40,00,000 24,00,000(40,00,000 x 0.6)

` 72,00,000 (Rupees Seventy Two Lakhs Only)

3 Parag Shah

40,00,000 24,00,000(40,00,000 x 0.6)

` 72,00,000 (Rupees Seventy Two Lakhs Only)`

4

TOTAL

` 2,16,00,000 (Rupees Two Crores Sixteen Lakhs Only)

• SEBI vide its order dated 30th Nov, 2015 in exercise of the powers conferred under section 15HB of the SEBI Act, 1992 imposed a monetary penalty of ` 35,00,000 (Rupees Thirty Five Lakh only) on M/s. Kisan Ratilal Choksey Shares and Securities Pvt. Ltd. forviolating the provisions of SEBI Circular no. MIRSD/SE/Cir/19/2009 dated December 03, 2009 and clauses A(2) and A(5) of Code of Conduct for stock Brokers specified under Schedule II read with Regulation 7 of SEBI (Stock Broker and Sub Broker) Regulations,1992.

• SEBI vide its order dated 27th Nov. 2015 in exercise of the power conferred under section 15HA of the SEBI Act, 1992 imposed a monetary

REGULATORY ACTIONS TAKEN BY SEBI

penalty of ̀ 16,00,000(Rupees Sixteen Lakh only) on Shri Nagad Sarwar, and ` 5,00,000 (Rupees Five Lakh only) on Shri Altaf Ahmed G Nagad, for violation of Regulation 3 and Regulation 4(2) of SEBI (Prohibition of Fraudulent and Unfair Trade Practices Relating to the Securities Market) Regulations, 2003 in the matter of M/s. Vamshi Rubber Ltd.

• SEBI vide its order dated 30th Nov, 2015 in exercise of the powers conferred under section 15H (ii) of the SEBI Act, 1992 , imposed the following monetary penalties to be paid jointly and severally on Dr. Sunil Gupta, Ms Rupal Gupta, Dr Sunil Gupta (HUF), M/s. Suncare Traders Ltd., Mr. Sharad Gupta, Mr Mayur Parikh, Mr Ashok C Gandhi, M/s. Karan Holdings Pvt. Ltd. and M/s. Anik Holdings Pvt. Ltd., for violating Regulation 11(1) read with Regulation 14(1) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 1997 in the matter of M/s. Bloom Dekor Limited.

Acquisition / Period of Violation

Penalty (`)

Acquisition of 3,25,000 shares (10.85%) on 24.04.1997

` 5,00,000/- (Rupees Five Lakh Only)

Acquisition of a total of 64,210 shares (2.14%) in 1997-98


Acquisition of 2,29,800 shares (7.12%) in 1998


Acquisition of 4,07,700 (12.54%) shares in 12 months from 21.12.1998


Total` 20,00,000/-(Rupees Twenty Lakh Only)

• SEBI vide its order dated 27th Nov.2015 in exercise of the power conferred under section 15 A (b) of the SEBI Act, 1992 imposed a monetary penalty of ` 15,00,000 (Rupees Fifteen Lakh only) on the Noticee viz. M/s. United Breweries (Holding) Ltd. for violating regulation 31 (1), 31(2) read with 31 (3) of the SAST (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 in the matter of M/s. United Spirits Limited.

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• SEBI vide its order dated 30th November, 2015 in exercise of the powers conferred under Section 15I (2) of the SEBI Act, 1992 read with Rule 5 of the Adjudication Rules, imposed following monetary penalties on Shri Sourabh H. Bora, Ms. Rakhi S Bora and Shri Sourabh H Bora in the matter of M/s. Mahan Industries Limited:

Penalty Amount Violation

` 2,50,000 (Rupees Two Lakh Fifty Thousand Only) to be paid jointly and severally by the noticees

Under section 15A(b) of SEBI Act for violation of Regulation 7(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 read with Regulation 35 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

` 2,00,000 (Rupees Two Lakh Only) to be paid by each of the noticees

Under section 15A(a) of SEBI Act for violation of section 11C(3) of SEBI Act, 1992.

` 2,00,000 (Rupees Two Lakh Only) to be paid by each of the noticees

Under section 15A(a) of SEBI Act for violation of section 11C(5) of SEBI Act, 1992.

Total` 14,50,000 (` Fourteen lakh Fifty Thousand only)

• SEBI vide its order dated 27th Nov. 2015 in exercise of the power conferred under Section 15A(b) of the SEBI Act, 1992 imposed a monetary penalty of ` 4,00,000 (Rupees Four Lakh Only) on Shri Arvind Kumar Sarafand 12 other noticeesfor violating the provisions of Regulation 13 (4) read with 13 (5) of the Prohibition of Insider Trading (PIT) Regulations, 1992 in the matter of M/s. Arcotech Limited.

• SEBI vide its order dated 23rd Nov. 2015 in exercise of the power conferred under Section 15 I of the SEBI Act read with Rule 5 of the Adjudication Rules 1995, imposed a monetary penalty of ` 3,00,000( Rupees Three Lakh only) on the Noticee M/s. Tricom Fruit Products Limited (formerly known as M/s Rids Securities Ltd) for violation of the provisions of Section 15C of the SEBI Act, 1992 for failure to redress the three investor’s complaints pending against them in the SEBI Complaints Redress System (SCORES)and submit the Action Taken Report (ATR) within the stipulated time period prescribed by SEBI.

• SEBI, vide its order dated 17th November, 2015 in exercise of the power conferred under Section 15 HB of the SEBI Act, 1992 imposed a penalty of `1,50,000 (Rupees One Lakh and Fifty Thousand) only on M/s. Vinal Investments Limited for not obtaining SCORES authentication in terms of the SEBI circular dated April 17, 2013 and not resolving investor grievances pending against it.

• SEBI, vide its order dated 4th November, 2015 in exercise of the powers conferred under section 19 of the SEBI Act, 1992 read with sections 11 and 11B issued the following directives in the matter of M/s. En-Aromatic & Petro Chemicals Limited:

a. The Company M/s. En Aromatic & Petro Chemicals Limited and its five directors viz. Mr. Kishan Pal Singh, Mr. Chhotelal Shukla, Mr.Vishwa Bandhu Vashistha, Mr. Deenanath Maurya and Mr. Mukesh Kumar Khare jointly and severally, shall forthwith refund the money collected by the Company through the issuance of Redeemable Cumulative Preference Shares (which have been found to be issued in contravention of the public issue norms stipulated under the Companies Act, 1956), to the investors including the money collected from investors, till date, pending allotment of RCPS, if any, with an interest of 15% per annum compounded at half yearly intervals, from the date when the repayments became due (in terms of Section 73(2) of the Companies Act, 1956) to the investors till the date of actual payment.

b. The Company/ its present management is permitted to sell the assets of the Company only for the sole purpose of making the refunds as directed above and deposit the proceeds in an Escrow Account opened with a nationalised Bank.

c. The Company/ its present management are also directed to provide a full inventory of all their assets and properties and details of all their bank accounts, demat accounts and holdings of shares/ securities, if held in physical form.

d. The Company is directed not to, directly or indirectly, access the capital market by issuing prospectus, offer document

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or advertisement soliciting money from the public and is further restrained and prohibited from buying, selling or otherwise dealing in the securities market, directly or indirectly in whatsoever manner, from the date of this Order till the expiry of four years from the date of completion of refunds to investors, made to the satisfaction of SEBI, as directed above.

e. The abovementioned five directors are restrained from accessing the securities market and are further prohibited from buying, selling or otherwise dealing in securities, directly or indirectly, with immediate effect. They are also restrained from associating themselves with any listed public company and any public company which intends to raise money from the public, with immediate effect. This restraint shall continue to be in force for a further period of four years on completion of the repayments, as directed above.

• SEBI, vide its order dated 4th November, 2015 in exercise of the powers conferred under Section 19 of the SEBI Act, 1992 and Sections 11(1), 11B and 11(4) and Regulation 65 of the SEBI (Collective Investment Schemes) Regulations, 1999, issued the following directives in the matter of M/s. Servehit Housing and Infrastructure India Limited:

a. M/s. Servehit Housing and Infrastructure India Limited and its five directorsviz. Mr. Sukhmander Singh, Mr.Rajender Kumar, Mr. Balbir Singh Saini, Mr. Satish Kumar and Mr.Surjeet Kumar shall abstain from collecting any money from the investors or launch or carry out any Collective Investment Schemes including the scheme which have been identified as a Collective Investment Scheme in this Order.

b. M/s. Servehit Housing and Infrastructure India Limited and its three directors viz. Mr. Sukhmander Singh, Mr. Balbir Singh Saini and Mr. Surjeet Kumar shall wind up the existing Collective Investment Schemes and refund the money collected by the said company under the schemes with returns which are due to its investors as per the terms of offer within a period

of three months from the date of this Order and thereafter within a period of fifteen days, submit a winding up and repayment report to SEBI in accordance with the SEBI (Collective Investment Schemes) Regulations, 1999, including the trail of funds claimed to be refunded, bank account statements indicating refund to the investors and receipt from the investors acknowledging such refunds.

c. M/s. Servehit Housing and Infrastructure India Limited and its abovementioned three directors shall not alienate or dispose off or sell any of the assets of M/s. Servehit Housing and Infrastructure India Limited except for the purpose of making refunds to its investors as directed above.

d. M/s. Servehit Housing and Infrastructure India Limited and all its abovementioned five directors are directed to provide a full inventory of all their assets and properties and details of all their bank accounts, demat accounts and holdings of shares/ securities, if held in physical form.

e. M/s. Servehit Housing and Infrastructure India Limited and its abovementioned five directors are restrained from accessing the securities market and are prohibited from buying, selling or otherwise dealing in securities market for a period of four years.

• SEBI, vide its order dated 4th November, 2015 in exercise of the powers conferred under Section 19 of the SEBI Act, 1992 and Sections 11(1), 11B and 11(4) and Regulation 65 of the SEBI (Collective Investment Schemes) Regulations, 1999, issued the following directives in the matter of M/s. Dhanolty Developers Limited:

a. M/s. Dhanolty Developers Limited and its seven directors/ promoters viz. Mr. Sanjay Walia, Mr. Siddharth Walia, Ms. Anita Malik, Ms. Raksha Kumari, Mr. Shiv Pratap Singh, Ms. Shefali Walia and Mr. Pankaj Bakshi shall abstain from collecting any money from the investors or launch or carry out any Collective Investment Schemes including the scheme which have been identified as a Collective Investment Scheme in this Order.

b. M/s. Dhanolty Developers Limited and its abovementioned directors/promoters

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shall wind up the existing Collective Investment Schemes and refund the money collected by the said company under the schemes with returns which are due to its investors as per the terms of offer within a period of three months from the date of this Order and thereafter within a period of fifteen days, submit a winding up and repayment report to SEBI in accordance with the SEBI (Collective Investment Schemes) Regulations, 1999, including the trail of funds claimed to be refunded, bank account statements indicating refund to the investors and receipt from the investors acknowledging such refunds.

c. M/s. Dhanolty Developers Limited and its abovementioned directors/promoters shall not alienate or dispose off or sell any of the assets of M/s. Dhanolty Developers Limited except for the purpose of making refunds to its investors as directed above.

d. M/s. Dhanolty Developers Limited and its abovementioned directors/ promoters are also directed to provide a full inventory of all their assets and properties and details of all their bank accounts, demat accounts and holdings of shares/ securities, if held in physical form.

e. M/s. Dhanolty Developers Limited and its abovementioned directors/ promoters are restrained from accessing the securities market and are prohibited from buying, selling or otherwise dealing in securities market for a period of four years.

• SEBI, vide its order dated 6th November, 2015 in exercise of the powers conferred under Section 19 of the SEBI Act, 1992 read with Sections 11 and 11B and Regulation 65 of the SEBI (Collective Investment Scheme) Regulation, 1999, issued the following directives in the matter of M/s. Yatra Art Fund:

a. M/s. Yatra Art Fund shall abstain from collecting any money from the investors or launch or carry out any Collective Investment Schemes including the scheme which have been identified as a Collective Investment Scheme in this Order.

b. M/s. Yatra Art Fund is directed to refund the entire monies collected by it under its scheme to all the investors alongwith the

returns at the rate of 10% per annum, within a period of three months from the date of this Order and thereafter, within a period of fifteen days, submit a winding up and repayment report to SEBI in accordance with the SEBI (Collective Investment Schemes) Regulations, 1999, including the trail of funds claimed to be refunded, bank account statements indicating refund to the investors and receipt from the investors acknowledging such refunds.

c. M/s. Yatra Art Fund is restrained from accessing the securities market and are prohibited from buying, selling or otherwise dealing in securities market for a period of four years.

d. M/s. Yatra Art Fund is also directed to immediately submit the complete and detailed inventory of the assets owned by it.

• SEBI, vide its order dated 9th November, 2015 in exercise of the powers conferred under Section 19 of the SEBI Act, 1992 and Sections 11(1), 11(B) and 11(4) and Regulation 65 of the SEBI (Collective Investment Schemes) Regulations, 1999 issued following directives in the matter of M/s. Nicer Green Housing Developments Limited :

a. M/s. Nicer Green Housing Developments Limited and its four directors viz. Mr. Pipal Singh Sidhu, Mr. Ranjit, Ms. Surinder Kaur and Mr. Karanjit Singh shall abstain from collecting any money from the investors or launch or carry out any Collective Investment Schemes including the scheme have been identified as a Collective Investment Scheme in this Order.

b. M/s. Nicer Green Housing Developments Limited and its abovementioned directors shall wind up the existing Collective Investment Schemes and refund the money collected by the said company under the schemes with returns which are due to its investors as per the terms of offer within a period of three months from the date of this Order and thereafter within a period of fifteen days, submit a winding up and repayment report to SEBI in accordance with the SEBI (Collective Investment Schemes) Regulations, 1999, including the

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trail of funds claimed to be refunded, bank account statements indicating refund to the investors and receipt from the investors acknowledging such refunds.

c. M/s. Nicer Green Housing Developments Limited and its abovementioned directors shall not alienate or dispose off or sell any of the assets of M/s. Nicer Green Housing Developments Limited except for the purpose of making refunds to its investors as directed above.

d. M/s. Nicer Green Housing Developments Limited and its abovementioned directors are also directed to provide a full inventory of all their assets and properties and details of all their bank accounts, demat accounts and holdings of shares/ securities, if held in physical form.

e. M/s. Nicer Green Housing Developments Limited and its abovementioned directors are restrained from accessing the securities market and are prohibited from buying, selling or otherwise dealing in securities market, directly or indirectly, in any manner and launching any scheme for mobilization of funds in any manner for a period of four years.

• SEBI, vide its order dated 9th November, 2015 in exercise of the powers conferred under Section 19 of the SEBI Act, 1992 and Sections 11(1), 11(B) and 11(4) and Regulation 65 of the SEBI (Collective Investment Schemes) Regulations, 1999 issued following directives in the matter of M/s. Sunshine Global Agro Limited:

a. M/s. Sunshine Global Agro Limited and its eight directors viz. Mr.Lekh Narayan Chand, Mr. Mokarram Mohammad, Mr. Mohammad Ahteshamul Haq, Mr. Anand Kumar Jha, Mr.Wasim Kham, Mr.Ashif Kham, Mr. Mohammad Faisal and Mr. Bibeka Nand Mandal shall abstain from collecting any money from the investors or launch or carry out any Collective Investment Schemes including the scheme have been identified as a Collective Investment Scheme in this Order.

b. M/s. Sunshine Global Agro Limited and its five directors viz. Mr. Lekh Narayan Chand, Mr. Mokarram Mohammad,

Mr. Mohammad Ahteshamul Haq, Mr. Mohammad Faisal and Mr. Bibeka Nand Mandal shall wind up the existing Collective Investment Schemes and refund the money collected by the said company under the schemes with returns which are due to its investors as per the terms of offer within a period of three months from the date of this Order and thereafter within a period of fifteen days, submit a winding up and repayment report to SEBI in accordance with the SEBI (Collective Investment Schemes) Regulations, 1999, including the trail of funds claimed to be refunded, bank account statements indicating refund to the investors and receipt from the investors acknowledging such refunds.

c. M/s. Sunshine Global Agro Limited and its abovementioned five directors shall not alienate or dispose off or sell any of the assets of M/s. Sunshine Global Agro Limited except for the purpose of making refunds to its investors as directed above.

d. M/s. Sunshine Global Agro Limited and its abovementioned five directors and past directors viz. Mr. Anand Kumar Jha, Mr. Wasim Khan and Mr. Ashif Khan are also directed to provide a full inventory of all their assets and properties and details of all their bank accounts, demat accounts and holdings of shares/ securities, if held in physical form.

e. M/s. Sunshine Global Agro Limited and its six directors viz. Mr. Lekh Narayan Chand, Mr. Mokarram Mohammad, Mr. Mohammad Ahteshamul Haq, Mr. Anand Kumar Jha, Mr.Wasim Kham and Mr. Ashif Kham are restrained from accessing the securities market and are prohibited from buying, selling or otherwise dealing in securities market for a period of four years.

• SEBI, vide its order dated 9th November, 2015 in exercise of the powers conferred under Section 19 of the SEBI Act, 1992 and sections 11(1), 11(4), 11A and 11B read with regulations 107 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009, issued following directives in the matter of M/s. Aapna Pariwar Agro Farming Developers India Limited :

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a. The Company M/s. Aapna Pariwar Agro Farming Developers India Limited and its three directors viz. Mr. Rejaul Karim, Mr. Partha Gope Mazumder and Mr. Swaminath Singha are restrained from mobilizing funds through the issue of equity shares or through the issuance of equity shares or through any other form of securities, to the public and/ or invite subscription, in any manner whatsoever, either directly or indirectly till further directions.

b. M/s. Aapna Pariwar Agro Farming Developers India Limited and its abovementioned directors, are prohibited from issuing prospectus or any offer document or issue advertisement for soliciting money from the public for the issue of securities, in any manner whatsoever, either directly or indirectly, till further orders.

c. M/s. Aapna Pariwar Agro Farming Developers India Limited and its abovementioned directors shall not dispose off any of the properties or alienate the assets of the Company or dispose off any of their properties or alienate their assets.

d. M/s. Aapna Pariwar Agro Farming Developers India Limited and its abovementioned directors shall not divert any funds raised from public at large through the issuance of the impugned equity shares, kept in its bank accounts and/or in the custody of the company without prior permission of SEBI until further orders.

e. M/s. Aapna Pariwar Agro Farming Developers India Limited and its abovementioned directors are restrained from accessing the securities market and are further prohibited from buying, selling or otherwise dealing in securities in any manner whatsoever, either directly or indirectly, till further directions.

f. M/s. Aapna Pariwar Agro Farming Developers India Limited and its abovementioned directors, shall co-operate with SEBI and shall furnish documents, as may be required.

g. M/s. Aapna Pariwar Agro Farming Developers India Limited and its abovementioned directors, are also directed to provide a full inventory of all their assets and properties and details of all their bank accounts, demat accounts and holdings of shares/securities, if held in physical form.

• SEBI, vide its order dated 9th November, 2015 in exercise of the powers conferred under Section 11(1), 11(4) and 11B read with section 19 of the SEBI Act, pending inquiry/investigation and passing of final order in the matter of Radford Global Limited restrained the following 15 persons from accessing the securities market and buying, selling or dealing in securities, either directly or indirectly, in any manner, till further directions:

Sr. No. Name

1 AnupManilal Shah (Huf)

2 Artiben S Kansara

3 BharatkumarJayantilal Shah

4 Dina Satishkumar Mehta

5 Hari Mohan Khandelwal

6 Hasumati Ghanshyam Mandlia

7 Kanaiyalal Manilal Gandhi

8 ManishaJayesh Shah

9 Mansukhbhai Jagabhai Tanti

10 Pragna Patel

11 Rajeev Garg

12 Ramila Gandhi

13 Rekhaben Lakhabhai Sagparia

14 Sunil Mohanlal Kansara

15 Veena Mohandas Valbhani

• SEBI, vide its order dated 9th November, 2015 in exercise of the powers conferred under section 19 read with provisions of section 11(1), section 11(2) (j) of the SEBI Act, 1992 and sections 4, 5 and 12A of the Securities Contracts (Regulation) Act, 1956 direct the exit of Vadodara Stock Exchange Limited as a stock exchange and also direct it to:-

a. comply with its tax obligations under the Income Tax Act, 1961;

b. comply with the undertakings given by it to SEBI;

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c. comply with other consequential conditions of the Exit Circular;

d. change its name and in case, after exit as a stock exchange, it continues as a corporate entity under the Companies Act, 2013, it shall not use the expression ‘stock exchange’ or any variant in its name or in the name of its subsidiary so as to avoid any representation of present or past affiliation with the stock exchange;

e. provide required information to the Ministry of Corporate Affairs on identifying any vanishing company which was listed on Vadodara Stock Exchange Limited for inclusion in the list of vanishing companies maintained by the Ministry of Corporate Affairs.

• SEBI, vide its order dated 9th November, 2015 in exercise of the powers conferred under section 19 read with sections 11(1), 11(4), 11B and 11D of the SEBI Act, 1992, issued the following directions in the matter of M/s. Blue Chip Corporation Pvt. Ltd:

a. The financial assets of M/s. Blue Chip Corporation Pvt. Ltd. and its seven directors viz. Mr.Nitin Rajaram Narke, Mr.Pravin B. Darawade, Ms. Bhavana Chadha, M/s Milestone Investment, M/s NitinNarke Investment, M/s Blue Cheap Investment and M/s Blue Chip Investment are impounded till further directions. They are further directed not to dispose off or alienate any of their assets, whether movable or immovable, or any interest or investment or charge in any of such assets except for the purpose provided herein.

b. The banks and depositories are directed that no debits shall be made in their bank accounts/demat accounts, held jointly or severally, except after confirmation from the concerned stock exchange in this regard.

c. The concerned stock exchanges, depositories and the banks are directed to ensure that all the above directions are strictly enforced.

d. The aforesaid entities are directed to provide the complete details of amounts collected from investors and amount due to each of them.

e. The aforesaid entities are directed to provide a full inventory of all their assets whether movable or immovable, or any interest or investment or charge in any of such assets, including details of all their bank and demat accounts immediately but not later than seven working days from the date of receipt of these directions.

f. The aforesaid entities are restrained from accessing the securities market and are further prohibited from buying, selling or otherwise dealing in securities, either directly or indirectly, or being associated with the securities market in any manner whatsoever, with immediate effect, till further directions.

g. The aforesaid entities shall cease and desist from undertaking any activity in the securities market, directly or indirectly, in any manner whatsoever till further directions.

h. M/s. Blue Chip Corporation Pvt. Ltd and its abovementioned seven directors are prohibited from mobilizing funds in any manner or pooling funds from public and from offering any unregistered service, in whatever form.

i. The above mentioned seven directors are directed to immediately withdraw and remove all advertisements, representations, literatures, brochures, materials, publications, documents, websites, etc. and any unregistered activity in the securities market.

j. M/s. Blue Chip Corporation Pvt. Ltd. and its abovementioned seven directors are prohibited from transferring the funds/deposits from their bank account, which were mobilised from the clients or other investors or from disposing of or alienating any asset that has been created from the funds/deposits received from their clients or other investors for purposes other than refund as directed above.

• SEBI, vide its order dated 10th November, 2015 in exercise of the powers conferred under Sections 11, 11(4), 11A and 11B of the SEBI Act read with Section 19 of the SEBI Act read with the SEBI Debt Securities Regulations and the

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SEBI Debenture Trustees Regulations, issued the following directives in the matter of M/s. Vasundhara Realcon Limited:

a. M/s. Vasundhara Realcon Ltd. (VRL) shall cease to mobilize any fresh funds from investors through the Offer of Non-convertible Secured Redeemable Debentures or through the issuance of equity shares or any other securities, to the public and/or invite subscription, in any manner whatsoever, either directly or indirectly till further directions;

b. M/s. VRL and its four directors, viz., Mr. Sandip Parui, Mr. Ashis Sarkar, Mr. Sahab Uddin Khan and Mr. Gauranga Roy are prohibited from issuing prospectus or any offer document or issue advertisement for soliciting money from the public for the issue of securities, in any manner whatsoever, either directly or indirectly, till further orders.

c. M/s. VRL and its abovementioned directors, are restrained from accessing the securities market and further prohibited from buying, selling or otherwise dealing in the securities market, either directly or indirectly, till further directions.

d. M/s. VRL and its abovementioned directors shall provide a full inventory of all its assets and properties.

e. M/s. VRL and its abovementioned directors shall not dispose off any of the properties or alienate or encumber any of the assets owned/acquired by that company through the Offer of NCDs, without prior permission from SEBI.

f. M/s.VRL and its abovementioned directors shall not divert any funds raised from public at large through the Offer of NCDs, which are kept in bank account(s) and/or in the custody of VRL.

g. M/s.VRL and its abovementioned directors shall furnish complete and relevant information in respect of the Offer of NCDs (as sought by SEBI vide letter dated December 12, 2013), within fourteen days from the date of receipt of this Order.

h. M/s. VRL shall provide to SEBI all information regarding repayments made

to the holders of Secured and Unsecured Redeemable Non-Convertible Debentures including name of the debenture holder, address, amount mobilized, number of Secured Redeemable Non-Convertible Debentures issued, promised maturity amount with date of maturity, amount refunded and date thereof.

i. The Debenture Trustee, viz. M/s. “Vasundhara Realcon Debenture Trust” represented by trustees, Mr. Chinmoy Ghatak and Ms. Priyabrata Roy is prohibited from continuing with its present assignment as a debenture trustee in respect of the Offer of NCDs of VRL and also from taking up any new assignment or involvement in any new issue of debentures, etc. in a similar capacity, from the date of this Order till further directions.

• SEBI vide its order dated 20th Nov. 2015 in exercise of the powers conferred under Sections 11, 11(4), 11A and 11B of the SEBI Act, 1992 issued the following directives in the matter of M/s. Bharat Krishi Samridhi Industries Ltd. (BKSIL):

i. The past Director of M/s. BKSIL, viz. Shri Basir Uddin Khan is prohibited from issuing prospectus or any offer document or issue advertisement for soliciting money from the public for the issue of securities, in any manner whatsoever, either directly or indirectly, till further orders;

ii. The abovementioned past Director of M/s. BKSIL is restrained from accessing the securities market and further prohibited from buying, selling or otherwise dealing in the securities market, either directly or indirectly, till further directions;

iii. The abovementioned past Director of M/s. BKSIL shall provide a full inventory of all his assets and properties.

• SEBI vide its order dated 20th Nov. 2015 in exercise of the powers conferred under Sections 11, 11(4), 11A and 11B of the SEBI Act, 1992 issued the following directives in the matter of M/s. Ravi Kiran Realty India Ltd. (RKRIL):

i. The past Director of M/s. RKRIL, viz. Shri Animesh Chowdhury is prohibited from issuing prospectus or any offer document

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or issue advertisement for soliciting money from the public for the issue of securities, in any manner whatsoever, either directly or indirectly, till further orders;

ii. The abovementioned past Director of M/s. RKRIL is restrained from accessing the securities market and further prohibited from buying, selling or otherwise dealing in the securities market, either directly or indirectly, till further directions;

iii. The abovementioned past Director of M/s. RKRIL shall provide a full inventory of all his assets and properties.

• SEBI vide its order dated 20th Nov. 2015 in exercise of the powers conferred under Sections 11, 11(4), 11A and 11B of the SEBI Act, 1992 issued the following directives in the matter of M/s. Rising Agrotech Ltd. (RAL):

i. The past Director of M/s. RAL, viz. Ms. Lina Kayal is prohibited from issuing prospectus or any offer document or issue advertisement for soliciting money from the public for the issue of securities, in any manner whatsoever, either directly or indirectly, till further orders;

ii. The abovementioned past Director of M/s. RAL is restrained from accessing the securities market and further prohibited from buying, selling or otherwise dealing in the securities market, either directly or indirectly, till further directions;

iii. The abovementioned past Director of M/s. RAL shall provide a full inventory of all his assets and properties.

• SEBI vide its order dated 20th Nov. 2015 in exercise of the powers conferred under Sections 11, 11(4), 11A and 11B of the SEBI Act, 1992 issued the following directives in the matter of M/s. Sunplant Forging Limited (SFL):

i. The past Director of M/s. (SFL), viz. Shri Ameet Singh is prohibited from issuing prospectus or any offer document or issue advertisement for soliciting money from the public for the issue of securities, in any manner whatsoever, either directly or indirectly, till further orders;

ii. The abovementioned past Director of M/s. SFL is restrained from accessing the securities market and further prohibited

from buying, selling or otherwise dealing in the securities market, either directly or indirectly, till further directions;

iii. The abovementioned past Director of M/s. SFL shall provide a full inventory of all his assets and properties.

• SEBI vide its order dated 20th Nov. 2015 in exercise of the powers conferred under Sections 11, 11(4), 11A and 11B of the SEBI Act, 1992 issued the following directives in the matter of M/s. Falkon Industries India Limited (FIIL):

i. The past Director of M/s. FIIL, viz. Shri Akmal Sekh is prohibited from issuing prospectus or any offer document or issue advertisement for soliciting money from the public for the issue of securities, in any manner whatsoever, either directly or indirectly, till further orders;

ii. The abovementioned past Director of M/s. FIIL is restrained from accessing the securities market and further prohibited from buying, selling or otherwise dealing in the securities market, either directly or indirectly, till further directions;

iii. The abovementioned past Director of M/s. FIIL shall provide a full inventory of all his assets and properties.

• SEBI vide its order dated 20th Nov. 2015 in exercise of the powers conferred under Sections 11, 11(4), 11A and 11B of the SEBI Act, 1992 issued the following directives in the matter of M/s. Magnox Infra project Ltd.(MIL):

i. The past six Directors of M/s. MIL, viz. Shri Manoj Kumar Pradhan, Shri Bhimsen Soren, Shri Rasmiranjan Swain, Shri Jyotiranjan Panda, Shri Anil Kumar Senapati and Shri Amrit Bhunia are prohibited from issuing prospectus or any offer document or issue advertisement for soliciting money from the public for the issue of securities, in any manner whatsoever, either directly or indirectly, till further orders;

ii. The abovementioned past Directors of M/s. MIL are restrained from accessing the securities market and further prohibited from buying, selling or otherwise dealing in the securities market, either directly or indirectly, till further directions;

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iii. The abovementioned past Directors of M/s. MIL shall provide a full inventory of all their assets and properties.

• SEBI vide its order dated 20th Nov. 2015 in exercise of the powers conferred under Sections 11, 11(4), 11A and 11B of the SEBI Act, 1992 issued the following directives in the matter of M/s. Managlam Agro Product Limited (MAPL):

i. The past three Directors of M/s. MAPL, viz. Smt. Runa Mazumder, Smt. Nabanita Sikder and Smt. Runa Sikder are prohibited from issuing prospectus or any offer document or issue advertisement for soliciting money from the public for the issue of securities, in any manner whatsoever, either directly or indirectly, till further orders;

ii. The abovementioned past Directors of M/s. MAPL are restrained from accessing the securities market and further prohibited from buying, selling or otherwise dealing in the securities market, either directly or indirectly, till further directions;

iii. The abovementioned past Directors of M/s. MAPL shall provide a full inventory of all their assets and properties.

• SEBI vide its order dated 20th Nov. 2015 in exercise of the powers conferred under Sections 11, 11(4), 11A and 11B of the SEBI Act, 1992 issued the following directives in the matter of M/s. MBK Business Development (India) Limited (MBK) :

i. The past three Directors of M/s. MBK, viz. Shri Saikat Brahmachari, Shri Tanmoy Kundu and Shri Sadhan Chandra Brahmachari are prohibited from issuing prospectus or any offer document or issue advertisement for soliciting money from the public for the issue of securities, in any manner whatsoever, either directly or indirectly, till further orders;

ii. The abovementioned past Directors of M/s. MBK are restrained from accessing the securities market and further prohibited from buying, selling or otherwise dealing in the securities market, either directly or indirectly, till further directions;

iii. The abovementioned past Directors of M/s. MBK shall provide a full inventory of all their assets and properties.

• SEBI vide its order dated 20th Nov. 2015 in exercise of the powers conferred under Sections 11, 11(4), 11A and 11B of the SEBI Act, 1992 issued the following directives in the matter of M/s. Sun Plant Business Limited (SBL) :

i. The past two Directors of M/s. SBL, viz. Shri Girija Shankar Kumar and Shri Awdhesh Kumar Singh are prohibited from issuing prospectus or any offer document or issue advertisement for soliciting money from the public for the issue of securities, in any manner whatsoever, either directly or indirectly, till further orders;

ii. The abovementioned past Directors of M/s. SBL are restrained from accessing the securities market and further prohibited from buying, selling or otherwise dealing in the securities market, either directly or indirectly, till further directions;

iii. The abovementioned past Directors of M/s. SBL shall provide a full inventory of all their assets and properties.

• SEBI vide its order dated 20th Nov. 2015 in exercise of the powers conferred under Sections 11, 11(4), 11A and 11B of the SEBI Act, 1992 issued the following directives in the matter of M/s. Sun Plant Construction Limited (SCL) :

i. The past three Directors of M/s. SCL, viz. Shri Yoganand Prasad, Shri Ameet Singh and Shri Girija Shankar Kumar are prohibited from issuing prospectus or any offer document or issue advertisement for soliciting money from the public for the issue of securities, in any manner whatsoever, either directly or indirectly, till further orders;

ii. The abovementioned past Directors of M/s. SCL are restrained from accessing the securities market and further prohibited from buying, selling or otherwise dealing in the securities market, either directly or indirectly, till further directions;

iii. The abovementioned past Directors of M/s. SCL shall provide a full inventory of all their assets and properties.

• SEBI vide its order dated 20th Nov. 2015 in exercise of the powers conferred under Sections 11, 11(4), 11A and 11B of the SEBI Act, 1992 issued the following directives in the matter of M/s. Kerala Housing Finance Ltd. (KHFL):

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i. M/s. KHFL shall forthwith cease to mobilize fresh funds from investors through the Offer of NCDs or through the issuance of equity shares or any other securities, to the public and/or invite subscription, in any manner whatsoever, either directly or indirectly till further directions;

ii. M/s. KHFL and its ten Directors/Promoters, viz. Shri G. Unnikrishnan Nair, Shri N. Krishnan Nair, Smt. Komala Unnikrishnan, Shri G. Sureshkumar, Shri P. Parameshwaran, Shri B. Ajithkumar, Shri Shajan P. G., Shri R. Sukumaran, Shri S. Sureshkumar and Adv. B Manmadhan, are prohibited from issuing prospectus or any offer document or issue advertisement for soliciting money from the public for the issue of securities, in any manner whatsoever, either directly or indirectly, till further orders;

iii. M/s. KHFL and its abovementioned Directors/Promoters, are restrained from accessing the securities market and further prohibited from buying, selling or otherwise dealing in the securities market, either directly or indirectly, till further directions;

iv. M/s. KHFL shall provide a full inventory of all its assets and properties;

v. M/s. KHFL’s abovementioned Directors/Promoters shall provide a full inventory of all their assets and properties;

vi. M/s. KHFL and its abovementioned Directors/Promoters shall not dispose off any of the properties or alienate or encumber any of the assets owned/acquired by that company through the Offer of NCDs, without prior permission from SEBI;

vii. M/s. KHFL and its abovementioned Directors/Promoters shall not divert any funds raised from public at large through the Offer of NCDs, which are kept in bank account(s) and/or in the custody of KHFL;

viii. The Debenture Trustees, viz. Shri K Jayaprasad, Adv. Shri K Radhakrishnan, Shri Jose Philip, Shri V Ayyappan Nair and M/s Bittu Abraham & Associates, are prohibited from continuing with their

assignment as debenture trustee in respect of the Offer of NCDs of M/s. KHFL and also from taking up any new assignment or involvement in any new issue of debentures, etc. in a similar capacity, from the date of this Order till further directions.

• SEBI vide its order dated 20th Nov. 2015 in exercise of the powers conferred under section 19 of the SEBI Act, 1992 and sections 11(1), 11(4) and 11Band regulation 65 of the SEBI (Collective Investment Schemes) Regulations, 1999, issued the following directives in the matter of M/s. JSR Diaries Limited:

i. M/s. JSR Dairies Limited and its five Directors (past and present), viz. Mr. Rajesh Khera, Mr. Rajesh Niranjan, Mr.Lalit Kumar Arora, Mr.Parveen Kumar andMr. Om Parkash Khurana shall abstain from collecting any money from the investors or launch or carry out any Collective Investment Schemes including the schemes which have been identified as a Collective Investment Scheme in this order.

ii. M/s. JSR Dairies Limited and its three Directors viz.Mr. Rajesh Niranjan, Mr.Lalit Kumar Arora and Mr. Om Parkash Khurana shall wind up the existing Collective Investment Schemes and refund the money collected by the said company under the schemes with returns which are due to its investors as per the terms of offer within a period of three months from the date of this order and thereafter within a period of fifteen days, submit a winding up and repayment report to SEBI in accordance with the SEBI (Collective Investment Schemes) Regulations, 1999, including the trail of funds claimed to be refunded, bank account statements indicating refund to the investors and receipt from the investors acknowledging such refunds.

iii. M/s. JSR Dairies Limited and its abovementioned three Directors shall not alienate or dispose off or sell any of the assets of the aforesaid company except for the purpose of making refunds to its investors, as directed above.

iv. M/s. JSR Dairies Limited and its abovementioned five Directors (past and present) are directed to immediately submit

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the complete and detailed inventory of all their assets and properties and details of all their bank accounts, demat accounts and holdings of shares/securities, if held in physical form.

v. M/s. JSR Dairies Limited and its four Directors (past and present) viz. Mr. Rajesh Khera, Mr. Rajesh Niranjan, Mr. Lalit Kumar Arora and Mr. Parveen Kumar are restrained from accessing the securities market and are prohibited from buying, selling or otherwise dealing in securities market for a period of four years.

• SEBI vide its order dated 20th Nov. 2015 in exercise of the powers conferred under Sections 11, 11(4), 11A and 11B of the SEBI Act read with Section 19 issued the following directives in the matter of M/s. United Cosmetic Manufacturing (I) Ltd. (UCM(I)L and its directors:

i. M/s. UCM(I)L shall not mobilize any fresh funds from investors through the Offer of Redeemable Preference Shares or through the issuance of equity shares or any other securities, to the public and/or invite subscription, in any manner whatsoever, either directly or indirectly till further directions;

ii. M/s. UCM (I)L and its seven directors, viz. Mr. Samir Chattopadhyay Kumar, Mr. NirapadaMaiti, Mr. AmalPatra, Mr. Kartik Jana, Mr. Balwant Kumar Singh, Ms. Debashree Bhowmik and Mr. Rajib Bhattacharya are prohibited from issuing prospectus or any offer document or issue advertisement for soliciting money from the public for the issue of securities, in any manner whatsoever, either directly or indirectly, till further orders;

iii. M/s. UCM(I)L and its abovementioned Directors, are restrained from accessing the securities market and further prohibited from buying, selling or otherwise dealing in the securities market, either directly or indirectly, till further directions;

iv. M/s. UCM(I)L shall provide a full inventory of all its assets and properties;

v. M/s. UCM(I)L ‘s abovementioned Directors shall provide a full inventory of all their assets and properties;

vi. M/s. UCM(I)L and its abovementioned Directors shall not dispose off any of the properties or alienate or encumber any of the assets owned/acquired by that company through the Offer of Redeemable Preference Shares, without prior permission from SEBI;

vii. M/s. UCM (I)L and its abovementioned Directors shall not divert any funds raised from public at large through the Offer of Redeemable Preference Shares, which are kept in bank account(s) and/or in the custody of M/s. UCM(I)L.

viii. M/s. UCM(I)L and its abovementioned Directors shall furnish complete and relevant information in respect of the Offer of Redeemable Preference Shares (as sought by SEBI letter dated December 17, 2014), within fourteen days from the date of receipt of this order.

• SEBI vide its order dated 20th Nov. 2015 in exercise of the powers conferred under section 19 of the SEBI Act, 1992 read with sections 11 and 11B restrained and prohibited M/s. Stellar Drug Limited from accessing the securities market and from buying, selling or dealing in securities, directly or indirectly, in whatsoever manner, till it obtains SCORES authentication in terms of the SEBI circular dated August 13, 2012 and resolves all the investor grievances pending against it. The aforesaid direction is without prejudice to any other action that may be taken against the company and its directors in accordance with law.

• SEBI vide its order dated 20th Nov. 2015 in exercise of the powers conferred under section 19 of the SEBI Act, 1992 read with sections 11 and 11B restrained and prohibited M/s. Pinky Chemicals Limited from accessing the securities market and from buying, selling or dealing in securities, directly or indirectly, in whatsoever manner, till it obtains SCORES authentication in terms of the SEBI circular dated August 13, 2012 and resolves all the investor grievances pending against it. The aforesaid direction is without prejudice to any other action that may be taken against the company and its directors in accordance with law.

• SEBI vide its order dated 20th Nov. 2015 in exercise of the powers conferred under Sections

1178


11(1), 11(4), 11A and 11B of the SEBI Act, 1992 read with Section 19 and Regulation 107 read with Regulation 111 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009, issued the following directives in the matter of M/s. Hellos Corporation Limited and M/s. Hellos Chemical Limited:

i. The Companies M/s. Helios Corporation Limited and M/s. Helios Chemical Limited are restrained from mobilizing funds through the issue of optionally convertible debentures (Sun Bonds) or through any other form of securities, to the public and/ or invite subscription, in any manner whatsoever, either directly or indirectly till further directions.

ii. The Companies and their respective promoters/ directors/ past directors viz. Mr. Sanjay Kumar Singh, Mr. Rajeev Kumar Sharma, Mr. Kaushal Kishor Singh, Mr. Basant Kumar Singh, Mr. Sanjeet Kumar Sharma, Mr.Anjani Kumar, Mr. Virendra Prasad Sinha, Mr. Govind Madhava Jha, Mr. Satyendra Singh, Ms.Prema Kumari, Mr. Devendra Prasad Singh, Mr. Rakesh Kumar, Ms. Manju Pathak, Mr. Surendra Nath Singh and Ms. Krishna Devi are prohibited from issuing prospectus or any offer document or issue advertisement for soliciting money from the public for the issue of securities, in any manner whatsoever, either directly or indirectly, till further orders.

iii. The Companies and their respective promoters and directors/ past directors are prohibited from issuing prospectus or any offer document or issue advertisement for soliciting money from the public for the issue of securities, in any manner whatsoever, either directly or indirectly, till further orders.

iv. The Companies and their respective promoters and directors/ past directors shall not dispose off any of the properties or alienate the assets of the Company or dispose off any of their properties or alienate their assets.

v. The Companies and their respective promoters and directors/ past directors shall not divert any funds raised from

public at large through the issuance of the impugned equity shares, kept in its bank accounts and/ or in the custody of the Company without prior permission of SEBI until further orders.

vi. The Companies and their respective promoters and directors/ past directors are restrained from accessing the securities market and are further prohibited from buying, selling or otherwise dealing in securities in any manner whatsoever, either directly or indirectly, till further directions.

vii. The Company and their respective promoters and directors/ past directors shall cooperate with SEBI and shall furnish all the documents that they have been or shall be required to furnish.

viii. The Companies and their respective promoters and directors/ past directors are also directed to provide a full inventory of all their assets and properties and details of all their bank accounts, demat accounts and holdings of shares/ securities, if held in physical form.

• SEBI vide its order dated 20th Nov. 2015 in exercise of the powers conferred under Sections 11, 11(4), 11A and 11B of the SEBI Act read with Section 19 issued the following directives in the matter of M/s. Suncity Infracon Corporation India Limited:

i. M/s. SICIL shall not mobilize any fresh funds from investors through the Offer of Redeemable Preference Shares or through the issuance of equity shares or any other securities, to the public and/or invite subscription, in any manner whatsoever, either directly or indirectly till further directions;

ii. M/s. SICIL and its present three Directors, viz. Shri Subrata Das, Shri Apu Saha and Shri Prashanta Das are prohibited from issuing prospectus or any offer document or issue advertisement for soliciting money from the public for the issue of securities, in any manner whatsoever, either directly or indirectly, till further orders;

iii. The past Directors of M/s. SICIL, viz. Shri Abhijit Dhar, Shri Sajal Bhowmick and Shri Rajesh Kumar Das are prohibited from

1179


issuing prospectus or any offer document or issue advertisement for soliciting money from the public for the issue of securities, in any manner whatsoever, either directly or indirectly, till further orders;

iv. M/s. SICIL and its abovementioned past and present Directors, are restrained from accessing the securities market and further prohibited from buying, selling or otherwise dealing in the securities market, either directly or indirectly, till further directions;

v. M/s. SICIL shall provide a full inventory of all its assets and properties;

vi. M/s. SICIL’s abovementioned past and present Directors shall provide a full inventory of all their assets and properties;

vii. M/s. SICIL and its abovementioned present Directors shall not dispose off any of the properties or alienate or encumber any of the assets owned/acquired by that company through the Offer of Redeemable Preference Shares, without prior permission from SEBI;

viii. M/s. SICIL and its abovementioned present Directors shall not divert any funds raised from public at large through the Offer of Redeemable Preference Shares, which are kept in bank account(s) and/or in the custody of M/s. SICIL;

ix. M/s. SICIL and its abovementioned Directors shall furnish complete and relevant information in respect of the Offer of Redeemable Preference Shares (as sought by SEBI letters dated June 13, 2014 and July 2, 2014), within fourteen days from the date of receipt of this Order.

• SEBI vide its order dated 20th Nov. 2015, in exercise of the powers conferred under section 19 read with sections 11(1), 11(4)(d) and 11B of the SEBI Act, 1992, ordered to impound the alleged unlawful gains of a sum of ` 10,41,005 (alleged gain of ` 6,01,937 + interest of ` 4,39,068 from 10/09/2009 to 10/11/2015), jointly and severally from the noticees viz. Mr. Amit Jaiswal and Ms. Mansi in the matter of M/s. Jagran Prakashan Limited:

i. The Banks and Depositories are directed that no debits shall be made, without

permission of SEBI, in respect of the bank accounts and demat accounts, held jointly or severally, by all the persons/entities indicated above. The Banks and the Depositories are directed to ensure that all the above directions are strictly enforced. However, credits, if any, into the accounts maybe allowed.

ii. The above persons/entities are also directed not to dispose off or alienate any of their assets/properties/securities, till such time the amounts mentioned above are credited to an escrow account {“Escrow Account in Compliance with SEBI Order dated November 20, 2015 – A/c (in the name of the respective persons/entities)”} created specifically for the purpose in a Nationalized Bank. The escrow account/s shall create a lien in favour of SEBI and the monies kept therein shall not be released without permission from SEBI. On production of proof by any of the persons, mentioned above, that the said money is deposited in the escrow account, SEBI shall communicate to the Banks and Depositories to defreeze the accounts.

iii. Further, the above persons/entities are directed to provide, within seven days of this order, a full inventory of all their assets and properties and details of all their bank accounts, demat accounts and holdings of shares/securities, if held in physical form and details of companies in which they hold substantial or controlling interest.

• SEBI vide its order dated 23rd Nov. 2015 in exercise of the powers conferred under section 19 of the SEBI Act read with sections 11 and 11B restrained and prohibited M/s. Alexcon Foamcast Limited from accessing the securities market and from buying, selling or dealing in securities, directly or indirectly, in whatsoever manner, till it obtains SCORES authentication in terms of the SEBI circular dated August 13, 2012 and resolves all the investor grievances pending against it.

• SEBI vide its order dated 24th Nov. 2015 in exercise of the powers conferred under Section 19 read with Sections 11(1), 11(4)(d) and 11(B) of the SEBI Act, 1992, ordered to impound the alleged unlawful gains of ̀ 1,84,68,558 [i.e. alleged

1180


gain of ` 98,11,689 + interest of ` 86,56,869 (from July 18, 2008 to November 24, 2015)] made by noticees Mr. Arun Jain and ` 19,69,471 [i.e. alleged gain of ` 10,46,312 + interest of ` 9,23,159 (from July 18, 2008 to November 24, 2015)] made by Mr. R. Srikanth in the matter of M/s. Polaris Software Lab Limited;

i. The Banks and Depositories are directed that no debits shall be made, without permission of SEBI, in respect of the bank accounts and demat accounts, held jointly or severally, by the abovementioned persons/ entities. The Banks andthe Depositories are directed to ensure that all the above directions are strictly enforced. However, credits, if any, into the accounts may be allowed.

ii. The abovementioned persons/ entities are also directed not to dispose off or alienate any of their assets/ properties/ securities, till such time the amounts mentioned above are credited to an escrow account [‘Escrow Account in Compliance with SEBI Order dated November 24, 2015 – A/c (in the name of the respective persons/ entities)’] created specifically for the purpose in a Nationalized Bank. The escrow account/s shall create a lien in favour of SEBI and the monies kept therein shall not be released without permission from SEBI. On production of proof by any of the persons, the said money is deposited in the escrow account, SEBI shall communicate to the Banks and Depositories to defreeze the accounts.

iii. Further, the abovementioned persons/ entities are directed to provide, within seven days of this order, a full inventory of all their assets and properties and details of all their bank accounts, demat accounts and holdings of shares/securities, if held in physical form and details of companies in which they hold substantial or controlling interest.

• SEBI vide its order dated 30th Nov. 2015 in exercise of the powers conferred under Section 19 of the SEBI Act, 1992 and Sections 11(1), 11B and 11(4) Regulation 65 of the SEBI (Collective Investment Schemes) Regulations, 1999, issued the following directives in the matter of M/s. Karmbhoomi Real Estate Limited:

a. M/s. Karmbhoomi Real Estate Limited and its present and past directors viz. Mr. Sardar Singh, Mr. Manoj Kumar Sengar, Mr. Mahipal Singh, Mr. Devendra Pal Singh and Mr. Nirmal Kumar Singh shall abstain from collecting any money from the investors or launch or carry out any Collective Investment Schemes including the schemes which have been identified as a Collective Investment Schemes in this Order.

b. M/s. Karmbhoomi Real Estate Limited and its present directors viz. Mr. Sardar Singh, Mr. Manoj Kumar Sengar and Mr. Mahipal Singh shall wind up the existing Collective Investment Schemes and refund the money collected by the said company under the schemes with returns which are due to its investors as per the terms of offer within a period of three months from the date of this order and thereafter within a period of fifteen days, submit a winding up and repayment report to SEBI in accordance with the SEBI (Collective Investment Schemes) Regulations, 1999, including the trail of funds claimed to be refunded, bank account statements indicating refund to the investors and receipt from the investors acknowledging such refunds.

c. M/s. Karmbhoomi Real Estate Limited, its promoters and present directors, Mr. Sardar Singh, Mr. Manoj Kumar Sengar and Mr. Mahipal Singh shall not alienate or dispose off or sell any of the assets of the Company except for the purpose of making refunds to its investors as directed above.

d. M/s. Karmbhoomi Real Estate Limited and its abovementioned present and past directors are also directed to provide a full inventory of all their assets and properties and details of all their bank accounts, demat accounts and holdings of shares/securities, if held in physical form.

e. M/s. Karmbhoomi Real Estate Limited and its abovementioned present and past directors are restrained from accessing the securities market and are prohibited from buying, selling or otherwise dealing in securities market for a period of four years.

1181


TablesTable 1: SEBI Registered Market Intermediaries/InstitutionsTable 2: Company-Wise Capital Raised through Public and Rights Issues (Equity) during November 2015 Table 3: Open Offers under SEBI Takeover Code closed during November 2015Table 4: Substantial Acquisition of Shares and TakeoversTable 5: Capital Raised from the Primary Market through though Public and Rights Issues Table 6: Issues Listed on SME PlatformTable 7: Industry-wise Classification of Capital Raised through Public and Rights Issues Table 8: Sector-wise and Region-wise Distribution of Capital Mobilised through Public and Rights Issues Table 9: Size-wise Classification of Capital Raised through Public and Rights Issues Table 10: Capital Raised by Listed Companies from the Primary Market through QIPsTable 11: Preferential Allotments Listed at BSE and NSETable 12: Private Placement of Corporate Debt Reported to BSE and NSETable 13: Trading in the Corporate Debt MarketTable 14: Ratings Assigned for Long-term Corporate Debt Securities (Maturity ≥ 1 year)Table 15: Review of Accepted Ratings of Corporate Debt Securities (Maturity ≥ 1 year)Table 16: Distribution of Turnover on Cash Segments of Exchanges (` crore)Table 17: Trends in Cash Segment of BSE Table 18: Trends in Cash Segment of NSE Table 19: Daily trends in Cash Segment of BSE during November 2015 Table 20: Daily trends in Cash Segment of NSE during November 2015 Table 21: Turnover and Market Capitalisation at BSE and NSE during November 2015 (` crore)Table 22: City-wise Distribution of Turnover on Cash Segments of BSE and NSETable 23: Category-wise Share of Turnover in Cash Segment of BSETable 24: Category-wise Share of Turnover in Cash Segment of NSETable 25: Component Stocks: S&P BSE Sensex during November 2015 Table 26: Component Stocks: CNX Nifty Index during November 2015 Table 27: Advances/Declines in Cash Segment of BSE and NSETable 28: Trading Frequency in Cash Segment of BSE and NSETable 29: Daily Volatility of Major Indices (percent)Table 30: Percentage Share of Top ‘N’ Securities/Members in Turnover of Cash Segment (percent)Table 31: Settlement Statistics for Cash Segment of BSE Table 32: Settlement Statistics for Cash Segment of NSE Table 33: Trends in Equity Derivatives Segment at BSE (Turnover in Notional Value) Table 34: Trends in Equity Derivatives Segment at NSE Table 35: Equity Derivatives Trading at BSE during November 2015 Table 36: Equity Derivatives Trading at NSE during November 2015 Table 37: Settlement Statistics in Equity Derivatives Segment at BSE and NSE (` crore)Table 38: Category-wise Share of Turnover & Open Interest in Equity Derivative Segment of BSETable 39: Category-wise Share of Turnover & Open Interest in Equity Derivative Segment of NSETable 40: Instrument-wise Turnover in Index Derivatives at BSETable 41: Instrument-wise Turnover in Index Derivatives at NSETable 42: Trends in Currency Derivatives Segment at NSETable 43: Trends in Currency Derivatives Segment at MSEITable 44: Trends in Currency Derivatives Segment at BSETable 45: Daily Trends of Currency Derivatives Trading at NSE during November 2015Table 46: Daily Trends of Currency Derivatives Trading at MSEI during November 2015Table 47: Daily Trends of Currency Derivatives trading at BSE during November 2015

1182


Table 48: Settlement Statistics of Currency Derivatives Segment (` crore)Table 49: Instrument-wise Turnover in Currency Derivatives of NSETable 50: Instrument-wise Turnover in Currency Derivative Segment of MSEITable 51: Instrument-wise Turnover in Currency Derivative Segment of BSETable 52: Maturity-wise Turnover in Currency Derivative Segment of NSE (` crore)Table 53: Maturity-wise Turnover in Currency Derivative Segment of MSEI (` crore)Table 54: Maturity-wise Turnover in Currency Derivative Segment of BSE (` crore)Table 55: Trading Statistics of Interest Rate Futures at BSE, NSE and MSEITable 56: Daily Trends of Interest Rate Futures trading at BSE during November 2015Table 57: Daily Trends of Interest Rate Futures trading at NSE during November 2015Table 58: Daily Trends of Interest Rate Futures trading at MSEI during November 2015Table 59: Settlement Statistics in Interest Rate Futures at BSE, NSE and MSEI (` crore)Table 60: Trends in Foreign Portfolio InvestmentTable 61: Daily Trends in Foreign Portfolio Investment during November 2015Table 62: Notional Value of Offshore Derivative Instruments (ODIs) Vs Assets Under Custody (AUC) of FPIs/Deemed FPIs (` crore)Table 63: Assets under the Custody of CustodiansTable 64: Trends in Resource Mobilization by Mutual Funds (` crore)Table 65: Type-wise Resource Mobilisation by Mutual Funds: Open-ended and Close-ended (` crore)Table 66: Scheme-wise Resource Mobilisation and Assets under Management by Mutual Funds (` crore)Table 67: Number of Schemes and Folios by Investment Objective Table 68: Trends in Transactions on Stock Exchanges by Mutual Funds (` crore)Table 69: Asset Under Management by Portfolio ManagerTable 70: Progress Report of NSDL & CDSl as on End of November 2015 (Listed Companies)Table 71: Progress of Dematerialisation at NSDL and CDSL (Listed and Unlisted Companies)Table 72: Depository Statistics for November 2015Table 73: National Commoditiy Exchanges - Permitted CommoditiesTable 74: Trends in MCXCOMDEX of MCXTable 75: Trends in Dhaanya of NCDEXTable 76: Daily trends in MCXCOMDEX during November 2015Table 77: Daily trends in Dhaanya during November 2015Table 78: Trends in Commodity Futures at MCX Table 79: Trends in Commodity Futures at NCDEX Table 80: Trends in Commodity Futures at NMCE Table 81: Daily trends of Commodity Futures Trading at MCX during November 2015 Table 82: Daily trends of Commodity Futures Trading at NCDEX during November 2015 Table 83: Daily trends of Commodity Futures Trading at NMCE during November 2015 Table 84: Commodity-wise Share in Turnover at MCX (percent) Table 85: Commodity-wise Share in Turnover at NCDEX (percent) Table 86: Category-wise Percentage Share of Turnover & Open Interest at MCXTable 87: Category-wise Percentage Share of Turnover & Open Interest at NCDEXTable 88: Category-wise Percentage Share of Turnover & Open Interest at NMCETable 89: Macro Economic Indicators

N.B.:

1. Na = Not Applicable

2. NA: Not Available

3. 1 crore = 10 million = 100 lakh.

4. The total provided in the Annexure and Statistical Tables November not always match with the sum total of the break-ups due to

decimal differences.

5. The data for the current month is provisional.

1183


Table 1: SEBI Registered Market Intermediaries/Institutions

Market Intermediaries 2014-15 2015-16$

Stock Exchanges (Cash Market) 15 5Stock Exchanges (Equity Derivatives Market) 3 3Stock Exchanges (Currency Derivatives Market) 3 3Stok Exchanges (Commodities Derivatives Market) Na 12Brokers (Cash Segment)* 6,147 3,187Corporate Brokers (Cash Segment)* 3,757 2,771Brokers (Equity Derivatives Market) 2,990 2,772Brokers (Currency Derivatives Market) 2,406 1,985Brokers (Debt Segment) 6 6Sub-brokers (Cash Segment) * 42,351 36,848Foreign Portfolio Investors (FPIs) 1,444 3,257Deemed FPIs 6,772 5,327Custodians 19 19Depositories 2 2Depository Participants of NSDL & CDSL 854 855Merchant Bankers 197 192Bankers to an Issue 60 62Underwriters 2 2Debenture Trustees 32 32Credit Rating Agencies 6 7KYC Registration Agency (KRA) 5 5Registrars to an Issue & Share Transfer Agents 72 73Venture Capital Funds 201 200Foreign Venture Capital Investors 204 212Alternative Investment Funds 135 182Portfolio Managers 188 200Mutual Funds 47 47Investment Advisors 271 359Reasearch Analysts 26 222Collective Investment Management Company 1 1Approved Intermediaries (Stock Lending Schemes) 2 2STP (Centralised Hub) 1 1STP Service Providers 2 2

Notes: 1. The Hyderabad Securities and Enterprises Ltd (erstwhile Hyderabad Stock Exchange), Coimbatore Stock Exchange

Ltd, Saurashtra Kutch Stock Exchange Ltd ,Mangalore Stock Exchange, Inter-Connected Stock Exchange of India Ltd,

Cochin Stock Exchange Ltd, Bangalore Stock Exchange Ltd , Ludhiana Stock exchange Ltd, Gauhati Stock Exchange Ltd,

Bhubaneswar Stock Exchange Ltd, Jaipur Stock Exchange Ltd, OTC Exchange of India , Pune Stock Exchange Ltd, Madras

Stock Exchange Ltd, U.P.Stock Exchange Ltd, Madhya Pradesh Stock Exchange Ltd and Vadodara Stock Exchange Ltd have

been granted exit by SEBI vide orders dated January 25, 2013, April 3, 2013, April 5, 2013, March 3, 2014, December 08, 2014,

December 23, 2014, December 26, 2014, December 30, 2014, January 27, 2015, February 09, 2015, March 23, 2015, March 31, 2015,

April 13, 2015, May 14, 2015, June 09, 2015 and November 09, 2015 respectively.

2. SEBI vide order dated September 3, 2007 refused to renew the recognition granted to Magadh Stock Exchange Ltd.

3. Stock brokers and Sub-brokers of Inter connected Stock exchange, Cochin Stock Exchange, Bangalore Stock Exchange, and

Ludhiana Stock Exchange, which were granted exit, are excluded.

4. SEBI has withdrawn the recognition granted to Delhi Stock Exchange Limited dated November 19, 2014.

5. Pursuant to Section 131 of Finance Act, 2015 and Central Government notifi cation F.No. 1/9/SM/2015 dated 28th August, 2015

all recognized associations (Commodity derivatives exchanges) under the Forward Contracts (Regulation) Act, 1952 (FCRA)

as on September 28, 2015 are deemed to be recognized stock Exchanges under the Securities Contracts (Regulation) Act, 1956

(SCRA).

6. *Stock brokers/sub-brokers pertaining to active stock exchanges.

$ indicates as on November 30, 2015.

Source: SEBI, NSDL.

1184


Table 2: Company-Wise Capital Raised through Public and Rights Issues (Equity) during November 2015

S.No.Name of the Issuer/

Company

Date of

Opening

Type of

Issue

Type of

Instrument

No. of

Shares

Issued

Face

Value

(`)

Premium

Value

(`)

Issue

Price

(`)

Size of

Issue

(` crore)

1 Ashima Ltd 18-Nov-15 Rights Equity 8,00,85,089 10 0 10 80

2 Navigant Corporate Advisors Limited 30-Nov-15 IPO (OFS) (SME) Equity 8,50,000 10 0 20 1

Note: 1. All the issues are compiled from the Prospectus’ of Issuer Companies filed with SEBI.

Source: SEBI.

Table 3: Open Offers under SEBI Takeover Code closed during November 2015

S.No. Target Company Acquirer

Offer

Opening

Date

Offer

Closing

Date

Offer Size Offer

Price

(`) per shareNo. of

Shares

Percent of

Equity

Capital

1 TASTY BITE EATABLES LTD KAGOME CO LTD 10/27/2015 11/9/2015 661490 26 662.4

2 ARUN VARUN TRADE AND INVESTMENT LTD

MR GAUTAM BHANDARI AND MR JAYANTILAL BHANDARI 10/28/2015 11/10/2015 104000 26 783.0

3 IIFL HOLDINGS LTD FIH MAURITIUS INVESTMENTS LTD 10/29/2015 11/13/2015 83128852 26 195.0

4 ONESOURCE TECHMEDIA LTD MR FAYAZ USMAN FAHEED 11/2/2015 11/17/2015 1688050 26 6.0

5 BRAND REALTY SERVICES LTD MR KAMAL MANCHANDA 11/4/2015 11/23/2015 600880 20 30.0

6 KREBS BIOCHEMICALS & INDUSTRIES LTD IPCA LABORATORIES LTD 11/9/2015 11/24/2015 3573515 26 54.0

7 MATRU-SMRITI TRADERS LTD MR ABHISHEK BANSAL 11/9/2015 11/24/2015 443722 25 110.0

Source: SEBI.

Table 4: Substantial Acquisition of Shares and Takeovers

Year/

Month

Open Offers

Objectives Total

Change in Control

of Management

Consolidation of

Holdings

Substantial

Acquisition No. of

offers

Amount

(` crore)No. of

offers

Amount

(` crore)

No. of

offers

Amount

(` crore)

No. of

offers

Amount

(` crore)

2014-15 51 5,442 1 11,449 8 350 60 17,241

2015-16$ 36 788 3 4 6 2,050 45 2,842

Apr-15 1 90 0 0 1 398 2 489

May-15 5 18 0 0 0 0 5 18

Jun-15 9 233 0 0 1 19 10 253

Jul-15 2 3 0 0 0 0 2 3

Aug-15 8 243 0 0 1 1 9 244

Sep-15 4 2 1 0.3 0 0 5 2

Oct-15 3 47 0 0 2 1,629 5 1,677

Nov-15 4 150 2 4 1 3 7 157


Source: SEBI.

1185

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s: F

ull

y C

on

vert

ible

Deb

en

ture

s.

5.

Eq

uit

y p

ub

lic i

ssu

es

als

o i

nclu

des

issu

es

list

ed

on

SM

E p

latf

orm

.

$ i

nd

icate

s as

on

No

vem

ber

30,

2015

.

So

urc

e:

SE

BI.

1186


Table 6: Issues Listed on SME Platform

Year/ Month

Total

No. of issue Amount (` crore)

2014-15 39 278

2015-16$ 29 241

Apr-15 0 0

May-15 1 5

Jun-15 8 39

Jul-15 5 69

Aug-15 3 21

Sep-15 10 48

Oct-15 1 58

Nov-15 1 1


Source: SEBI

Table 7: Industry-wise Classifi cation of Capital Raised through Public and Rights Issues

Industry

2014-15 2015-16$ Nov-15

No. of

issue

Amount

(` crore)

No. of

issue

Amount

(` crore)

No. of

issue

Amount

(` crore)

Banking/FIs 5 901 0 0 0 0

Cement & Construction 7 2,035 4 997 0 0

Chemical 1 8 1 70 0 0

Electronics 1 33 0 0 0 0

Engineering 1 525 2 373 0 0

Entertainment 6 884 2 21 0 0

Finance 30 9,728 8 2,174 1 230

Food Processing 2 25 1 400 0 0

Health Care 0 0 1 2 0 0

Information Technology 3 137 1 5 0 0

Paper & Pulp 0 0 0 0 0 0

Plastic 2 8 2 104 0 0

Power 0 0 3 2,100 0 0

Printing 0 0 1 3 0 0

Telecommunication 1 175 0 0 0 0

Textile 3 388 4 88 1 80

Others 26 4,357 33 16,154 1 1

Total 88 19,202 63 22,491 3 311


Source: SEBI.

1187


ab

le 8

: S

ecto

r-w

ise a

nd

Reg

ion

-wis

e D

istr

ibu

tio

n o

f C

ap

ital

Mo

bil

ised

th

rou

gh

Pu

bli

c a

nd

Rig

hts

Iss

ues

Year/

Mo

nth

To

tal

Secto

r-w

ise

Reg

ion

-wis

e

Pri

vate

Pu

bli

c N

ort

hern

East

ern

West

ern

So

uth

ern

No

. o

f

issu

e

Am

ou

nt

(` c

rore

)

No

. o

f

issu

e

Am

ou

nt

(` c

rore

)

No

. o

f

issu

e

Am

ou

nt

(` c

rore

)

No

. o

f

issu

e

Am

ou

nt

(` c

rore

)

No

. o

f

issu

e

Am

ou

nt

(` c

rore

)

No

. o

f

issu

e

Am

ou

nt

(` c

rore

)

No

. o

f

issu

e

Am

ou

nt

(` c

rore

)

2014

-15

88

19,2

02

70

11,0

99

188,1

02

183,6

29

6519

35

5,5

51

27

8,9

93

2015

-16$

63

22,4

92

53

18,2

60

104,2

32

96,2

124

584

35

11,4

26

154,2

72

Apr

-15

79,

600

58,

890

271

01

600

141

03

7,82

22

768

May

-15

249

32

493

00

249

30

00

00

0

Jun-

159

439

943

90

01

51

25

429

23

Jul-1

58

883

771

91

164

00

116

75

167

255

2

Aug

-15

102,

141

91,

913

122

80

00

07

1,48

33

658

Sep-

1514

910

1321

01

700

270

51

59

872

111

Oct

-15

107,

715

65,

515

42,

200

34,

409

00

41,

356

31,

950

Nov

-15

331

12

811

230

00

00

281

123

0

$ i

nd

icate

s as

on

No

vem

ber

30,

2015

.

So

urc

e:

SE

BI.

Tab

le 9

: S

ize-w

ise C

lass

ific

ati

on

of C

ap

ital

Rais

ed

th

rou

gh

Pu

bli

c a

nd

Rig

hts

Iss

ues

Year/

Mo

nth

To

tal

<

5 c

rore

≥ 5

cro

re -

< 1

0cro

re ≥

10 c

rore

- <

50 c

rore

≥

50 c

rore

- <

100 c

rore

≥

100 c

rore

No

. o

f

issu

e

Am

ou

nt

(` c

rore

)

No

. o

f

issu

e

Am

ou

nt

(` c

rore

)

No

. o

f

issu

e

Am

ou

nt

(` c

rore

)

No

. o

f

issu

e

Am

ou

nt

(` c

rore

)

No

. o

f

issu

e

Am

ou

nt

(` c

rore

)

No

. o

f

issu

e

Am

ou

nt

(` c

rore

)

2014

-15

88

19,2

02

23

75

1189

11227

210

941

18,7

02

2015

-16$

63

22,4

92

1851

633

510

36

417

28

21,

888

Apr

-15

79,

600

00

00

00

00

79,

600

May

-15

249

31

50

00

00

01

488

Jun-

159

439

617

15

117

00

140

0

Jul-1

58

883

26

16

258

00

381

4

Aug

-15

102,

141

26

00

116

170

62,

050

Sep-

1514

910

618

422

111

215

91

700

Oct

-15

107,

715

00

00

00

210

88

7,60

7

Nov

-15

331

11

10

00

01

801

230

$ i

nd

icate

s as

on

No

vem

ber

30,

2015

.

So

urc

e:

SE

BI.

1188


Table 10: Capital Raised by Listed Companies from the Primary Market through QIPs

Year/Month

NSE BSE Common Total

No. of

issues

Amount

(` crore)

No. of

issues

Amount

(` crore)

No. of

issues

Amount

(` crore)

No. of

issues

Amount

(` crore)

2014-15 2 725 8 2,326 41 1 26,051 51 1 29,102

2015-16$ 0 0 7 1,494 12 11,573 19 13,067

Apr-15 0 0 4 1,032 0 0 4 1,032May-15 0 0 2 401 1 325 3 726Jun-15 0 0 0 0 2 1,507 2 1,507Jul-15 0 0 1 62 4 4,762 5 4,824Aug-15 0 0 0 0 2 231 2 231Sep-15 0 0 0 0 2 4,338 2 4,338Oct-15 0 0 0 0 0 0 0 0Nov-15 0 0 0 0 1 409 1 409

Notes:

1. The above data includes both “no. of issues” and “Amount” raised on conversion of convertible securities issued on QIP basis.

2. 1 Includes one issue of Institutional Placement Programme (Issue Size of `418.3 crore).


Source: BSE and NSE.

Table 11: Preferential Allotments Listed at BSE and NSE

Year/ Month


No. of

issues

Amount

(` crore)

No. of

issues

Amount

(` crore)

No. of

issues

Amount

(` crore)

No. of

issues

Amount

(` crore)

2014-15 206 4,407 75 5,984 186 19,569 419 28,260

2015-16$ 100 1,185 15 845 125 40,129 240 42,160

Apr-15 12 49 2 54 23 10,382 37 10,485

May-15 7 78 1 24 22 5,305 30 5,407

Jun-15 20 110 2 15 16 1,381 38 1,506

Jul-15 19 166 2 23 10 469 31 658

Aug-15 10 87 0 0 8 1,701 18 1,788

Sep-15 16 151 1 389 17 491 34 1,031

Oct-15 7 421 1 0 15 15,962 23 16,382

Nov-15 9 124 6 341 14 4,439 29 4,903



Table 12: Private Placement of Corporate Debt Reported to BSE and NSE

Year/ Month


No. of

issues

Amount

(` crore)

No. of

issues

Amount

(` crore)

No. of

issues

Amount

(` crore)

No. of

issues

Amount

(` crore)

2014-15 1,094 1,69,726 1,386 1,17,949 131 1,16,461 2,611 4,04,137

2015-16$ 928 1,34,296 1,063 1,06,572 64 70,401 2,055 3,11,269

Apr-15 175 37,968 186 31,282 17 15,556 378 84,807

May-15 134 9,349 113 8,193 4 3,150 251 20,692

Jun-15 170 20,184 109 11,692 4 4,250 283 36,125

Jul-15 150 15,059 170 9,401 5 3,460 325 27,920

Aug-15 109 15,565 153 16,186 10 14,814 272 46,564

Sep-15 64 7,872 124 8,264 11 10,476 199 26,612

Oct-15 77 18,782 128 14,614 9 10,535 214 43,931

Nov-15 49 9,518 80 6,940 4 8,160 133 24,618


Source: SEBI

1189


ab

le 1

3:

Tra

din

g i

n t

he C

orp

ora

te D

ebt

Mark

et

Year/

Mo

nth

BS

EN

SE

MS

EI

No

. o

f T

rad

es

Tra

ded

Valu

e

(` c

rore

)N

o.

of T

rad

es

Tra

ded

Valu

e

(` c

rore

)N

o.

of T

rad

es

Tra

ded

Valu

e

(` c

rore

)

2014

-15

17,7

102,0

4,5

06

58,0

73

8,8

6,7

88

81

2015

-16$

11,3

04

1,47,7

45

35,3

75

5,3

9,8

29

00

Apr

-15

1,51

819

,360

5,05

174

,699

00

May

-15

1,45

318

,934

4,51

961

,135

00

Jun-

151,

552

18,1

024,

613

65,0

020

0

Jul-1

51,

376

18,4

714,

509

64,3

780

0

Aug

-15

1,29

118

,762

4,31

269

,803

00

Sep-

151,

198

16,9

164,

471

68,8

980

0

Oct

-15

1,78

422

,528

4,63

779

,015

00

Nov

-15

1,13

214

,672

3,26

356

,900

00

$ i

nd

icate

s as

on

No

vem

ber

30,

2015

.

So

urc

e:

SE

BI

Tab

le 1

4:

Rati

ng

s A

ssig

ned

fo

r L

on

g-t

erm

Co

rpo

rate

Deb

t S

ecu

riti

es

(Matu

rity

≥ 1

year)

Gra

de Peri

od

Inve

stm

en

t G

rad

e

No

n-I

nve

stm

en

t G

rad

eT

ota

lH

igh

est

Safe

ty (

AA

A)

Hig

h S

afe

ty (

AA

)A

deq

uate

Safe

ty (

A)

Mo

dera

te S

afe

ty (

BB

B)

No

. o

f i

ssu

eA

mo

un

t

(` c

rore

)N

o.

of i

ssu

eA

mo

un

t

(` c

rore

)N

o.

of i

ssu

eA

mo

un

t

(` c

rore

)N

o.

of i

ssu

eA

mo

un

t

(` c

rore

)N

o.

of i

ssu

eA

mo

un

t

(` c

rore

)N

o.

of i

ssu

eA

mo

un

t

(` c

rore

)

2014

-15

201

7,1

4,3

60

354

2,5

3,5

55

246

52,2

27

292

28,6

55

703

30,7

111,

796

10,7

9,5

08

2015

-16$

111

8,5

0,0

47

198

1,17

,174

132

25,6

82

77

4,1

54

55

6,1

49

573

10,0

5,3

27

Apr

-15

153,

14,1

9512

10,9

298

1,42

65

257

234

242

3,27

,148

May

-15

111,

01,6

8222

10,9

9818

3,48

18

208

71,

624

661,

20,1

14

Jun-

1515

1,04

,264

2434

,502

215,

181

1668

27

186

831,

44,8

15

Jul-1

515

44,1

4338

10,9

9830

5,04

911

1,22

77

383

101

61,8

00

Aug

-15

1231

,501

4018

,633

247,

965

752

39

609

9259

,231

Sep-

1525

1,70

,025

2712

,343

1293

022

848

91,

140

951,

85,2

86

Oct

-15

1175

,888

2410

,815

141,

147

738

09

1,08

765

89,3

16

Nov

-15

78,

350

117,

956

550

31

305

777

2917

,616

$ i

nd

icate

s as

on

No

vem

ber

30,

2015

.

So

urc

e:

Cre

dit

Rati

ng

Ag

en

cie

s.

1190


ab

le 1

5:

Revie

w o

f A

ccep

ted

Rati

ng

s o

f C

orp

ora

te D

ebt

Secu

riti

es

(Matu

rity

≥ 1

year)

Gra

de Peri

od

Up

gra

ded

Do

wn

gra

ded

Reaff

irm

ed

Rati

ng

Watc

hW

ith

dra

wn

/ S

usp

en

ded

To

tal

No

. o

f

issu

e

Am

ou

nt

(` c

rore

)

No

. o

f

issu

e

Am

ou

nt

(` c

rore

)

No

. o

f

issu

e

Am

ou

nt

(` c

rore

)

No

. o

f

issu

e

Am

ou

nt

(` c

rore

)

No

. o

f

issu

e

Am

ou

nt

(` c

rore

)

No

. o

f

issu

e

Am

ou

nt

(` c

rore

)

2014

-15

464

1,87,4

43

206

1,03,2

03

1,930

59,4

7,1

39

50

60,7

43

451

65,8

43

3,1

01

63,6

4,3

71

2015

-16$

267

91,

612

186

92,9

121,

328

45,0

3,8

56

20

11,5

30

293

91,

868

2,0

94

47,9

1,777

Apr

-15

498

56

3,95

565

6,70

,671

00

176,

059

926,

81,6

70

May

-15

7713

,668

393,

173

416,

14,4

1411

6,74

024

4,09

219

26,

42,0

87

Jun-

1512

24,7

2415

8,79

026

58,

00,7

302

1,58

041

8,98

333

58,

44,8

07

Jul-1

538

31,1

8723

17,0

4211

34,

92,8

912

1,30

047

12,3

2922

35,

54,7

49

Aug

-15

4812

,999

94,

997

195

3,25

,509

150

039

4,00

429

23,

48,0

09

Sep-

1542

5,92

983

39,8

6856

813

,41,

821

31,

400

568,

216

752

13,9

7,23

3

Oct

-15

462,

119

1115

,087

812,

57,8

211

1069

48,1

8420

83,

23,2

22

Nov

-15

51,

914

1620

,129

812,

57,9

831

1,28

013

1,35

711

62,

82,6

63

$ i

nd

icate

s as

on

No

vem

ber

30,

2015

.

So

urc

e:

Cre

dit

Rati

ng

Ag

en

cie

s.

Tab

le 1

6:

Dis

trib

uti

on

of T

urn

ove

r o

n C

ash

Seg

men

ts o

f E

xch

an

ges

(` c

rore

)

Sto

ck

Exch

an

ges

2014

-15

2015

-16$

No

v-1

5

Ahm

edab

ad0

00

BSE

8,54

,845

4,95

,840

50,7

99

Cal

cutt

a0

00

MSE

I0.

315

03

NSE

43,2

9,65

528

,47,

352

3,07

,150

$ i

nd

icate

s as

on

No

vem

ber

30,

2015

.

So

urc

e:

Exch

an

ges.

1191


ab

le 1

7:

Tre

nd

s in

Cash

Seg

men

t o

f B

SE

Year/

Mo

nth

No

. o

f

Co

mp

an

ies

Lis

ted

No

. o

f

Co

mp

an

ies

Perm

itte

d*

No

. o

f

co

mp

an

ies

trad

ed

No

. o

f

Tra

din

g

Days

No

. o

f

Tra

des

(Lak

h)

Tra

ded

Qu

an

tity

(Lak

h)

Tu

rno

ver

(` c

rore

)

Ave

rag

e

Dail

y

Tu

rno

ver

(` c

rore

)

Ave

rag

e

Tra

de S

ize

(`)

Dem

at

Secu

riti

es

Tra

ded

(Lak

h)

Dem

at

Tu

rno

ver

(` c

rore

)

Mark

et

Cap

itali

sati

on

(` c

rore

)

S&

P B

SE

Sen

sex

Hig

hL

ow

Clo

se

2014

-15

5,6

24

93

2,8

18243

7,1

118,5

6,7

55

8,5

4,8

45

3,5

1812

,021

8,5

6,7

55

8,5

4,8

42

1,01,

49,2

90

30,0

25

22,1

98

27,9

57

2015

-16$

5,8

06

64

2,8

98

164

2,7

96

4,8

8,5

02

4,9

5,8

40

3,0

23

17,7

31

4,8

8,5

02

4,9

5,8

40

98,8

8,2

27

29,0

95

24,8

34

26,1

46

Apr

-15

5,65

093

2,80

819

539

65,2

5067

,421

3,54

812

,516

65,2

5067

,421

99,6

8,01

529

,095

26,8

9827

,011

May

-15

5,67

293

2,78

520

326

48,3

2760

,605

3,03

018

,586

48,3

2760

,605

1,03

,26,

686

28,0

7126

,424

27,8

28

Jun-

155,

688

932,

801

2229

255

,677

60,3

702,

744

20,6

9555

,677

60,3

701,

01,4

3,51

127

,969

26,3

0727

,781

Jul-1

55,

725

932,

984

2337

570

,990

70,2

543,

055

18,7

5970

,990

70,2

541,

04,7

9,39

628

,578

27,4

1628

,115

Aug

-15

5,75

293

2,75

521

393

73,6

9973

,822

3,51

518

,798

73,6

9973

,822

98,2

7,93

028

,418

25,2

9826

,283

Sep-

155,

763

832,

758

2027

548

,260

54,4

262,

721

19,7

9548

,260

54,4

2696

,48,

122

26,4

7224

,834

26,1

55

Oct

-15

5,78

864

2,79

120

311

61,3

0558

,143

2,90

718

,668

61,3

0558

,143

98,3

3,35

927

,618

26,1

6926

,657

Nov

-15

5,80

664

2,89

819

286

64,9

9350

,799

2,67

417

,741

64,9

9350

,799

98,8

8,22

726

,824

25,4

5126

,146

No

te:

1.

* E

xclu

des

Mu

tual

Fu

nd

Sch

em

es

fro

m F

eb 2

013

.

2.

Mark

et

cap

itali

sati

on

pert

ain

s to

th

e n

um

ber

of c

om

pan

ies

trad

ed

.

$ i

nd

icate

s as

on

No

vem

ber

30,

2015

.

So

urc

e:

BS

E .

Tab

le 1

8:

Tre

nd

s in

Cash

Seg

men

t o

f N

SE

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1295

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541

779

32,

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288

32,8

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997

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0,75

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54,7

1495

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358

29.2

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24-N

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534

173

62,

738

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42.

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441

32,8

1,95

897

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514

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55,5

8495

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886

29.2

5

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26-N

ov-1

558

61,

059

2,85

520

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3,37

823

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4

7.4

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22,9

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933

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332

98,4

2,98

423

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076

5,56

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96,3

4,71

629

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5.8

27-N

ov-1

540

780

62,

721

15.0

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187

16,2

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43.

5

13.5

23

,05,

542

33,2

1,72

598

,84,

586

23.3

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28,3

4,09

75,

57,6

8296

,81,

140

29.3

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30-N

ov-1

553

496

72,

832

18.9

34

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15,3

694,

647

29,5

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0

15.7

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083

33,2

3,04

098

,88,

227

23.3

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85,

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3496

,75,

669

29.3

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.7

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1195


Table 22: City-wise Distribution of Turnover on Cash Segments of BSE and NSE

(Percentage share in Turnover)

S.No.City BSE NSE

Stock Exchange/City 2014-15 Nov-15 2014-15 Nov-15

1 Ahmedabad 5.5 4.2 3.5 2.8

2 Bangalore 0.3 0.4 1.7 3.8

3 Baroda 0.7 1.3 0.4 0.3

4 Bhubaneshwar 0.0 0.0 0.0 0.0

5 Chennai 0.6 1.0 1.4 1.3

6 Cochin 0.2 0.2 1.4 1.1

7 Coimbatore 0.0 0.1 0.2 0.1

8 Delhi 4.4 3.5 9.4 8.0

9 Guwahati 0.1 0.1 0.0 0.0

10 Hyderabad 0.3 0.5 4.5 3.9

11 Indore 0.5 0.5 0.5 0.4

12 Jaipur 0.9 0.9 0.5 0.6

13 Kanpur 0.7 0.5 0.1 0.2

14 Kolkata 6.8 7.7 6.6 5.5

15 Ludhiana 0.1 0.1 0.1 0.1

16 Mangalore 0.0 0.0 0.0 0.0

17 Mumbai 56.9 48.6 59.2 59.7

18 Patna 0.1 0.1 0.0 0.0

19 Pune 0.5 0.5 0.2 0.2

20 Rajkot 3.3 2.7 1.0 1.3

21 Others 18.1 27.1 9.2 10.8Total 100.0 100.0 100.0 100.1

Notes:

1. The city-wise distribution of turnover is based on the cities uploaded in the UCC database of the Exchange for clientele trades and

member’s registered office city for proprietary trades.


Table 23: Category-wise Share of Turnover in Cash Segment of BSE

MonthPercentage Share in Turnover

Proprietary FII Mutual Funds Banks Others

Jan-15 19.3 22.0 2.6 0.1 56.1

Feb-15 20.7 19.6 2.5 0.1 57.2

Mar-15 17.9 21.5 2.9 0.3 57.4

Apr-15 17.8 23.8 2.9 0.1 55.4

May-15 17.2 26.2 3.0 0.0 53.6

Jun-15 17.6 21.8 3.3 0.0 57.3

Jul-15 18.4 15.6 2.8 0.0 63.3

Aug-15 19.6 14.8 2.8 0.1 62.8

Sep-15 19.3 18.4 4.0 0.0 58.3

Oct-15 19.3 12.1 4.1 0.4 64.0

Nov-15 20.2 11.7 2.9 0.2 64.9

Source: BSE.

1196


Table 24: Category-wise Share of Turnover in Cash Segment of NSE

MonthPercentage Share in Turnover

Proprietary FII Mutual Funds Banks Others

Jan-15 19.6 21.5 4.5 0.6 53.8Feb-15 21.2 20.0 4.6 0.6 53.7Mar-15 20.2 23.1 4.6 0.5 51.6Apr-15 22.2 21.1 4.6 0.4 51.8May-15 19.2 27.8 5.1 0.5 47.5Jun-15 20.2 23.6 5.7 0.5 50.0Jul-15 20.6 20.9 4.9 0.6 53.1Aug-15 21.8 23.5 5.2 0.6 48.9Sep-15 22.5 23.2 5.3 0.5 38.5Oct-15 21.3 21.4 5.5 0.5 51.2Nov-15 20.5 22.8 5.6 0.4 50.6

Source: NSE.

Table 25: Component Stocks: S&P BSE Sensex during November 2015

S.No. Name of Security

Issued

Capital

(` crore)

Free Float

Market

Capitalisation

(` crore)

Weightage

(Percent) Beta R2

Daily

Volatility

(Percent)

Monthly

Return

(Percent)

Impact Cost

(Percent)

1 INFOSYS LTD 1,148.5 217,509.5 9.4 0.6 0.0 6.5 -4.2 0.12 HDFC BANK 504.1 210,771.9 9.1 0.9 0.6 1.2 -1.9 0.13 ITC LTD. 802.9 192,641.6 8.4 0.8 0.2 1.7 2.5 0.14 HDFC 315.6 191,877.1 8.3 1.3 0.5 1.9 -3.2 0.05 RELIANCE 3,239.1 159,838.4 6.9 1.1 0.5 1.7 2.1 0.06 ICICI BANK 1,161.8 159,107.1 6.9 1.2 0.0 10.4 -1.0 0.17 TCS LTD. 197.0 120,454.9 5.2 0.5 0.2 1.3 -5.3 0.08 LARSEN & TOU 186.2 112,488.4 4.9 1.2 0.5 1.7 -2.6 0.09 TATA MOTORS 574.9 80,671.7 3.5 1.3 0.4 2.3 10.1 0.110 SUN PHARMA. 240.6 79,119.4 3.4 0.8 0.1 2.3 -17.8 0.111 AXIS BANK 475.6 79,079.6 3.4 1.4 0.5 2.1 -1.3 0.012 STATE BANK 776.3 77,693.3 3.4 1.3 0.5 2.0 5.6 0.013 MAH & MAH 310.6 62,839.9 2.7 1.0 0.3 1.8 15.6 0.114 MARUTISUZUK 151.0 60,831.3 2.6 0.8 0.3 1.4 2.9 0.015 HIND UNI LT 216.4 57,799.4 2.5 0.5 0.1 1.6 0.9 0.116 BHARTI ARTL 1,998.7 46,799.6 2.0 0.7 0.1 1.9 -4.1 0.117 LUPIN LTD. 90.1 42,703.9 1.9 0.7 0.2 1.9 -7.0 0.118 ONGC CORPN 4,277.8 42,095.6 1.8 1.1 0.3 2.0 -5.5 0.119 COAL INDIA 6,316.4 41,776.4 1.8 0.7 0.2 1.8 3.4 0.120 DR.REDDY'S 85.3 39,764.6 1.7 0.7 0.1 2.1 -27.2 0.121 WIPRO LTD. 494.0 36,771.0 1.6 0.6 0.2 1.5 -0.1 0.122 BAJAJ AUTO 289.4 33,749.8 1.5 0.8 0.2 1.7 -2.7 0.123 HEROMOTOCO 39.9 32,920.9 1.4 0.7 0.2 1.5 4.6 0.124 CIPLA LTD. 160.6 32,583.6 1.4 1.1 0.4 1.8 -6.6 0.125 NTPC LTD 8,245.5 27,003.9 1.2 0.9 0.3 1.7 -1.3 0.126 GAIL (I) LTD 1,268.5 17,142.5 0.7 1.1 0.3 2.1 18.3 0.127 BHEL 489.5 15,889.0 0.7 1.2 0.3 2.2 -11.8 0.128 TATA STEEL 971.2 15,416.5 0.7 1.5 0.4 2.4 -6.8 0.129 VEDL 296.5 9,877.9 0.4 1.7 0.3 3.2 -10.0 0.130 HINDALCO 206.5 9,864.6 0.4 1.3 0.3 2.5 -8.3 0.1

Notes: 1. Beta & R2 are calculated for the trailing 12 months. Beta measures the degree to which any portfolio of stocks is affected as

compared to the effect on the market as a whole.

2. The coeffi cient of determination (R2) measures the strength of relationship between two variables the return on a security

versus that of the market.

3. Volatility is the standard deviation of the daily returns for the trailing 12 months.

4. 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.

5. The above is calculated for a month for the portfolio size of ` 5 lakh. It is calculated for the current month.

Source: BSE.

1197


Table 26: Component Stocks: CNX Nifty Index during November 2015

S.No. Name of Security

Issued

Capital

(` crore)

Free Float

Market

Capitalisation

(` crore)

Weightage

(Percent) Beta R2

Daily

Volatility

(Percent)

Monthly

Return

(Percent)

Impact

Cost

(Percent)

1 AUROPHARMA 583,964,550.0 21,791.4 3.9 1.2 0.3 1.8 -3.1 0.02 IBULHSGFIN 838,469,864.0 20,994.0 3.8 1.1 0.2 3.2 -4.7 0.03 IOC 24,279,524,820.0 20,708.1 3.7 0.7 0.2 1.3 5.3 0.04 INFRATEL 18,966,670,690.0 20,640.2 3.7 0.5 0.0 2.3 -1.1 0.05 EICHERMOT 271,423,830.0 20,475.1 3.7 1.1 0.3 2.2 -5.7 0.06 BRITANNIA 239,951,630.0 17,276.1 3.1 0.6 0.1 1.6 -9.6 0.07 TITAN 887,786,160.0 15,912.6 2.9 0.6 0.1 1.4 9.1 0.18 MCDOWELL-N 1,307,949,680.0 15,795.3 2.8 0.9 0.1 2.8 -0.9 0.09 GODREJCP 340,532,966.0 15,348.9 2.8 0.8 0.1 2.6 -2.7 0.110 DABUR 1,757,089,420.0 15,285.1 2.8 0.6 0.1 1.2 1.0 0.011 DIVISLAB 530,937,160.0 14,632.7 2.6 0.7 0.2 1.5 -0.3 0.012 LICHSGFIN 1,009,326,000.0 14,597.2 2.6 1.5 0.4 1.6 1.0 0.013 HINDPETRO 3,386,272,500.0 13,907.9 2.5 1.1 0.2 2.3 9.3 0.014 GLENMARK 282,156,156.0 13,748.6 2.5 0.9 0.2 1.3 -1.1 0.015 CUMMINSIND 554,400,000.0 13,466.6 2.4 0.8 0.2 1.3 -7.7 0.116 ASHOKLEY 2,845,876,634.0 13,357.8 2.4 1.4 0.3 2.2 1.0 0.017 MOTHERSUMI 1,322,879,040.0 13,167.9 2.4 1.2 0.2 3.2 17.6 0.018 COLPAL 271,985,634.0 12,938.8 2.3 0.5 0.1 1.1 1.6 0.019 SRTRANSFIN 2,268,827,360.0 12,690.1 2.3 0.9 0.1 2.1 -7.3 0.020 UPL 857,208,548.0 12,508.9 2.3 0.9 0.2 2.0 -9.6 0.021 BAJAJFINSV 795,773,465.0 11,677.3 2.1 0.8 0.1 1.1 -2.0 0.122 MARICO 645,085,599.0 10,995.6 2.0 0.6 0.1 1.7 9.2 0.023 SIEMENS 712,240,510.0 11,021.5 2.0 1.4 0.4 1.3 -6.7 0.124 BHARATFORG 465,588,632.0 10,544.8 1.9 1.3 0.3 1.5 -1.0 0.025 CONCOR 1,949,741,910.0 10,355.8 1.9 0.6 0.1 1.4 4.9 0.126 BAJAJHLDNG 1,112,935,100.0 10,205.2 1.8 0.3 0.0 0.6 2.9 0.127 FEDERALBNK 3,436,756,200.0 10,086.9 1.8 1.0 0.3 1.8 8.2 0.128 APOLLOHOSP 695,625,795.0 10,027.1 1.8 1.0 0.2 1.8 0.2 0.029 SUNDARMFIN 1,111,038,600.0 9,916.9 1.8 0.6 0.1 1.6 -2.1 0.230 JSWSTEEL 2,417,220,440.0 9,497.5 1.7 1.2 0.3 1.7 -0.9 0.031 MRF 42,411,430.0 9,504.6 1.7 1.2 0.4 1.5 -2.2 0.032 PFC 13,200,407,040.0 9,067.7 1.6 1.5 0.4 2.3 -11.1 0.033 RECLTD 9,874,590,000.0 9,083.7 1.6 1.4 0.3 2.9 -6.4 0.134 OFSS 423,972,360.0 8,294.1 1.5 0.5 0.1 1.3 -1.6 0.135 RCOM 12,444,898,725.0 7,602.8 1.4 1.7 0.3 4.1 0.7 0.136 NMDC 3,964,716,000.0 7,527.3 1.4 0.7 0.1 1.6 -5.3 0.137 TATACHEM 2,547,562,780.0 7,364.7 1.3 1.1 0.4 1.2 2.6 0.038 GLAXO 847,030,170.0 6,980.1 1.3 0.3 0.1 1.1 -0.4 0.139 PETRONET 7,500,000,440.0 7,027.5 1.3 0.6 0.1 2.6 20.7 0.040 EXIDEIND 850,000,000.0 6,821.4 1.2 0.8 0.2 1.2 -0.6 0.041 GSKCONS 420,555,380.0 6,794.0 1.2 0.3 0.1 1.2 -2.5 0.142 M&MFIN 1,137,529,920.0 6,357.5 1.1 0.8 0.2 1.8 2.5 0.143 UBL 264,405,149.0 6,351.6 1.1 1.1 0.2 2.3 1.1 0.144 RELINFRA 2,629,900,000.0 6,119.1 1.1 1.7 0.4 2.5 14.0 0.045 TATAGLOBAL 631,129,729.0 5,692.2 1.0 1.1 0.4 1.7 3.1 0.146 OIL 6,011,359,550.0 5,323.3 1.0 0.7 0.2 1.8 -7.0 0.047 RELCAPITAL 2,526,328,000.0 4,931.8 0.9 1.5 0.4 1.9 3.7 0.048 SAIL 41,305,252,890.0 4,719.7 0.9 1.3 0.3 1.8 -14.3 0.149 CANBK 5,429,910,540.0 3,893.2 0.7 1.5 0.4 1.5 -1.7 0.050 BANKINDIA 7,919,131,700.0 2,806.3 0.5 1.6 0.4 1.5 -0.1 0.0

Notes: 1. Beta & R2 are calculated for the the trailing 12 months. Beta measures the degree to which any portfolio of stocks is affected as compared to the effect on the market as a whole.

2. The coeffi cient of determination (R2) measures the strength of relationship between two variables the return on a security versus that of the market.

3. Volatility is the standard deviation of the daily returns for the the trailing 12 months. 4. 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. 5. The above is calculated for a month for the portfolio size of `5 lakh. It is calculated for the current month.Source: NSE.

1198


Table 27: Advances/Declines in Cash Segment of BSE and NSE

Month

BSE NSE

Advances DeclinesAdvance /

Decline RatioAdvances Declines

Advance /

Decline Ratio

Jan-15 1,733 1,728 1.0 977 576 1.7

Feb-15 1,433 2,159 0.7 593 913 0.6

Mar-15 1,112 2,487 0.5 593 1,042 0.6

Apr-15 1,926 1,600 1.2 898 625 1.4

May-15 1,226 2,267 0.5 402 1,114 0.4

Jun-15 1,102 2,387 0.5 404 1,113 0.4

Jul-15 2,425 1,105 2.2 1,210 310 3.9

Aug-15 1,867 1,738 1.1 773 751 1.0

Sep-15 730 2,755 0.3 201 1,335 0.2

Oct-15 2,473 1,020 2.4 1,278 258 5.0

Nov-15 1,674 1,808 0.9 662 882 0.8

Note: Advance/Decline is calculated based on the average price methodology.

Source: BSE and NSE

Table 28: Trading Frequency in Cash Segment of BSE and NSE

Month

BSE NSE

No. of Companies

Listed

No. of companies

Traded

Percent of Traded

to Listed

No. of Companies

Listed

No. of companies

Traded

Percent of Traded

to Listed

Jan-15 5,575 2,960 53.1 1,718 1,549 90.2

Feb-15 5,596 2,854 51.0 1,719 1,503 87.4

Mar-15 5,624 2,818 50.1 1,733 1,514 87.4

Apr-15 5,650 2,808 49.7 1,740 1,518 87.2

May-15 5,672 2,785 49.1 1,749 1,519 86.8

Jun-15 5,688 2,801 49.2 1,750 1,517 86.7

Jul-15 5,725 2,984 52.1 1,756 1,521 86.6

Aug-15 5,752 2,755 47.9 1,772 1,574 88.8

Sep-15 5,763 2,758 47.9 1,779 1,535 86.3

Oct-15 5,788 2,791 48.2 1,781 1,534 86.1

Nov-15 5,806 2,898 49.9 1,786 1,541 86.3

Note: At NSE, number of companies traded also includes the number of companies not available for trading but permitted to trade

only in the first week of every month.

Source: BSE and NSE

1199


Table 29: Daily Volatility of Major Indices (percent)

(Percent)

Year/Month S&P BSE Sensex S&P BSE 100 Index S&P BSE 500 CNX Nifty CNX Nifty Junior CNX 500

2014-15 0.9 0.9 0.9 0.9 1.1 0.9

2015-16$ 1.1 1.2 1.2 1.1 1.2 1.1

Apr-15 0.9 0.9 0.9 0.8 1.0 0.8

May-15 1.1 1.1 1.1 1.1 1.5 1.1

Jun-15 1.0 1.0 1.0 0.9 1.0 0.9

Jul-15 0.9 1.0 1.0 0.8 0.8 0.8

Aug-15 1.6 1.7 1.8 1.5 2.2 1.7

Sep-15 1.3 1.3 1.2 1.1 1.2 1.1

Oct-15 0.5 0.6 0.6 0.7 0.6 0.6

Nov-15 0.5 0.8 0.7 0.7 0.8 0.7

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



Table 30: Percentage Share of Top ‘N’ Securities/Members in Turnover of Cash Segment (percent)

Year/Month BSE NSE

Top 5 10 25 50 100 5 10 25 50 100

Securities

2014-15 13.4 18.6 30.3 42.3 57.5 12.5 21.9 40.6 59.3 77.4

2015-16$ 11.0 17.3 30.7 43.5 58.9 11.0 19.4 36.2 53.2 71.8

Apr-15 16.7 23.0 36.6 50.0 64.4 18.5 27.7 44.2 58.6 75.1May-15 16.4 23.2 37.4 51.5 66.9 12.5 21.9 41.5 58.6 77.5Jun-15 14.7 22.8 37.9 51.5 67.6 13.2 23.0 39.9 56.4 75.5Jul-15 11.7 17.5 29.2 41.2 55.4 10.9 19.4 34.5 49.3 67.9Aug-15 9.9 16.1 28.7 41.8 58.4 11.0 19.4 36.2 53.2 71.8Sep-15 13.5 21.1 37.4 51.8 68.3 12.5 21.9 39.8 57.6 77.0Oct-15 12.9 18.8 31.5 44.2 59.1 13.1 21.8 38.2 53.8 72.1Nov-15 12.6 18.9 31.9 44.8 58.7 13.6 23.1 40.7 55.2 73.3

Members

2014-15 17.7 28.4 47.4 64.1 77.9 14.7 25.4 45.4 63.5 79.4

2015-16$ 21.8 31.8 51.2 66.3 79.4 18.4 30.1 52.1 69.0 82.2

Apr-15 19.5 32.0 52.2 67.7 80.4 20.6 32.3 53.7 69.4 82.5

May-15 22.1 34.2 55.0 69.7 81.3 18.7 31.2 54.6 70.7 83.4

Jun-15 26.4 36.2 55.0 68.6 80.5 17.8 29.2 52.0 68.7 81.8

Jul-15 20.2 30.5 48.9 64.0 78.0 16.8 27.2 48.8 66.0 80.1

Aug-15 26.6 36.8 54.1 67.9 80.3 18.4 30.1 52.1 69.0 82.2

Sep-15 24.0 34.6 54.2 69.1 81.9 19.9 32.3 52.7 69.5 82.7

Oct-15 21.6 31.7 49.5 64.5 79.0 17.0 27.6 48.8 66.6 81.1

Nov-15 22.2 31.6 50.3 64.8 78.7 16.1 27.4 50.4 67.4 81.6

Notes: 1. Data for Top N scrips has been compiled for all markets except Auction market & Retail Debt Market and includes series

EQ, BE,BT, BL and IL.


Source: BSE and NSE

1200


ab

le 3

1: S

ett

lem

en

t S

tati

stic

s fo

r C

ash

Seg

men

t o

f B

SE

Year/

Mo

nth

No

. o

f

Tra

des

(Lak

h)

Qu

an

tity

Sett

led

(Lak

h)

Deli

vere

d

Qu

an

tity

(Lak

h)

Perc

en

t o

f

Deli

vere

d

Qu

an

tity

to T

rad

ed

Qu

an

tity

Valu

e

Sett

led

(` c

rore

)

Deli

vere

d

Valu

e

(` c

rore

)

Perc

en

t

of

Deli

vere

d

Valu

e t

o

To

tal

Tu

rno

ver

Deli

vere

d

Qu

an

tity

in

Dem

at

Mo

de

(Lak

h)

Perc

en

t

of D

em

at

Deli

vere

d

Qu

an

tity

to T

ota

l

Deli

vere

d

Qu

an

tity

Deli

vere

d

Valu

e i

n

Dem

at

Mo

de

(` c

rore

)

Perc

en

t

of D

em

at

Deli

vere

d

Valu

e t

o

To

tal

Deli

vere

d

Valu

e

Sh

ort

Deli

very

(Au

cti

on

ed

qu

an

tity

)

(Lak

h)

Perc

en

t

of S

ho

rt

Deli

very

to

Deli

very

Qu

an

tity

Fu

nd

s

Pay-i

n

(` c

rore

)

Secu

riti

es

Pay-i

n

(` c

rore

)

Sett

lem

en

t

Gu

ara

nte

e

Fu

nd

(` c

rore

)

2014

-15

7,1

46

8,6

0,6

95

4,3

2,1

1250.2

8,5

8,8

95

2,9

9,8

35

34.9

4,3

2,0

1710

0.0

2,9

9,8

1810

0.0

878

0.2

1,11

,528

2,9

9,8

35

3,2

64

2015

-16$

2,7

96

4,8

8,5

09

2,3

5,6

44

48.2

4,9

5,8

40

1,66,9

76

33.7

2,3

5,4

72

99.9

1,66,9

38

100.0

503

1.6

65,6

76

1,66,9

76

108

Apr

-15

539

65,2

5236

,552

56.0

67,4

2123

,903

35.5

36,4

9799

.923

,874

99.9

620.

29,

458

23,9

0310

4M

ay-1

532

648

,330

23,5

4848

.760

,605

21,8

7736

.123

,548

100.

021

,877

100.

056

0.2

9,58

721

,877

105

Jun-

1529

255

,679

25,6

7846

.160

,370

21,6

8335

.925

,677

100.

021

,683

100.

053

0.2

10,3

1321

,683

105

Jul-1

537

470

,989

33,6

7947

.470

,254

23,9

1334

.033

,669

100.

023

,907

100.

093

0.3

8,63

123

,913

106

Aug

-15

393

73,7

0133

,726

45.8

73,8

2224

,243

32.8

33,7

2510

0.0

24,2

4210

0.0

720.

07,

987

24,2

4310

7Se

p-15

275

48,2

6122

,264

46.1

54,4

2618

,917

34.8

22,2

6410

0.0

18,9

1710

0.0

710.

38,

669

18,9

1710

7O

ct-1

531

161

,304

27,3

8344

.758

,143

17,5

0930

.127

,277

99.6

17,5

0810

0.0

500.

26,

125

17,5

0910

7N

ov-1

528

664

,993

32,8

1550

.550

,799

14,9

3129

.432

,815

100.

014

,931

100.

046

0.1

4,90

614

,931

108

$ i

nd

icate

s as

on

No

vem

ber

30,

2015

.

So

urc

e:

BS

E.

Tab

le 3

2:

Sett

lem

en

t S

tati

stic

s fo

r C

ash

Seg

men

t o

f N

SE

Year/

Mo

nth

No

. o

f

Tra

des

(Lak

h)

Qu

an

tity

Sett

led

(Lak

h)

Deli

vere

d

Qu

an

tity

(Lak

h)

Perc

en

t o

f

Deli

vere

d

Qu

an

tity

to T

rad

ed

Qu

an

tity

Valu

e

Sett

led

(` c

rore

)

Deli

vere

d

Valu

e

(` c

rore

)

Perc

en

t

of

Deli

vere

d

Valu

e t

o

To

tal

Tu

rno

ver

Deli

vere

d

Qu

an

tity

in D

em

at

Mo

de

(Lak

h)

Perc

en

t

of D

em

at

Deli

vere

d

Qu

an

tity

to T

ota

l

Deli

vere

d

Qu

an

tity

Deli

vere

d

Valu

e i

n

Dem

at

Mo

de

(` c

rore

)

Perc

en

t

of D

em

at

Deli

vere

d

Valu

e t

o

To

tal

Deli

vere

d

Valu

e

Sh

ort

Deli

very

(Au

cti

on

ed

qu

an

tity

)

(Lak

h)

Perc

en

t

of S

ho

rt

Deli

very

to

Deli

very

Qu

an

tity

Fu

nd

s

Pay-i

n

(` c

rore

)

Secu

riti

es

Pay-i

n

(` c

rore

)

Sett

lem

en

t

Gu

ara

nte

e

Fu

nd

(` c

rore

)

2014

-15

34,9

61

44,4

4,6

76

12,1

9,5

94

27.4

82,1

4,6

29

24,2

2,7

37

29.5

12,1

8,1

07

100

24,1

7,1

61

99.8

1,678

0.1

6,9

4,5

77

24,2

2,7

37

125

2015

-16$

12,3

48

13,9

0,9

114,0

1,086

28.8

28,1

7,6

21

8,5

5,4

06

30.4

4,0

0,2

54

99.8

8,5

4,7

41

99.9

830

1.7

2,6

8,3

79

8,5

5,4

06

159

Apr

-15

1,48

91,

60,3

1249

,683

31.0

3,67

,382

1,23

,383

33.6

49,5

7410

01,

23,3

1210

0.0

110

0.2

47,2

981,

23,3

8312

5M

ay-1

51,

430

1,47

,969

45,4

9430

.73,

33,9

991,

02,3

5930

.645

,268

100

1,02

,257

100.

022

60.

535

,190

1,02

,359

129

Jun-

151,

570

1,81

,627

52,8

0029

.13,

67,2

991,

15,5

0131

.452

,712

100

1,15

,394

100.

087

0.2

35,5

101,

15,5

0114

9Ju

l-15

1,71

11,

89,2

3255

,200

29.2

3,67

,727

1,08

,896

29.6

55,1

1310

01,

08,8

1510

0.0

870.

232

,064

1,08

,896

149

Aug

-15

1,86

42,

19,7

8863

,304

28.8

4,21

,685

1,24

,857

29.6

63,2

2210

01,

24,7

5710

0.0

830.

136

,938

1,24

,857

153

Sep-

151,

497

1,58

,420

43,7

9527

.63,

27,1

4196

,542

29.5

43,7

0410

096

,467

100.

092

0.2

31,3

1796

,542

153

Oct

-15

1,47

51,

76,9

3446

,569

26.3

3,32

,080

94,4

4528

.446

,506

100

94,3

8810

0.0

630.

125

,526

94,4

4515

4N

ov-1

51,

313

1,56

,629

44,2

3928

.23,

00,3

0889

,424

29.8

44,1

5710

089

,352

100.

083

0.2

24,5

3689

,424

159

$ i

nd

icate

s as

on

No

vem

ber

30,

2015

.

So

urc

e:

NS

E.

1201


ab

le 3

3:

Tre

nd

s in

Eq

uit

y D

eri

vati

ves

Seg

men

t at

BS

E (

Tu

rno

ver

in N

oti

on

al

Valu

e)

Year/

Mo

nth

No

. o

f

Tra

din

g

Days

Ind

ex F

utu

res

Sto

ck

Fu

ture

sIn

dex O

pti

on

sS

tock

Op

tio

ns

To

tal

Op

en

In

tere

st a

t

the e

nd

of m

on

thC

all

Pu

tC

all

Pu

t

No

. o

f

Co

ntr

acts

Tu

rno

ver

(` c

rore

)

No

. o

f

Co

ntr

acts

Tu

rno

ver

(` c

rore

)

No

. o

f

Co

ntr

acts

Tu

rno

ver

(` c

rore

)

No

. o

f

Co

ntr

acts

Tu

rno

ver

(` c

rore

)

No

. o

f

Co

ntr

acts

Tu

rno

ver

(` c

rore

)

No

. o

f

Co

ntr

acts

Tu

rno

ver

(` c

rore

)

No

. o

f

Co

ntr

acts

Tu

rno

ver

(` c

rore

)

No

. o

f

Co

ntr

acts

Valu

e

(` c

rore

)

2014

-15

243

12,2

7,9

26

48,6

32

3,0

5,7

149,7

94

24,4

2,0

3,1

56

1,01,

12,6

05

25,4

0,3

1,531

1,00,1

6,6

21

3,0

10,0

92

93,8

54

27,0

0,4

50

81,

233

50,5

4,7

8,8

69

2,0

3,6

2,7

41

26,7

191,

001

2015

-16$

164

2,6

4,5

54

11,0

28

50,1

81

1,265

5,2

1,11

,725

22,2

2,8

30

4,2

6,7

4,1

30

17,2

9,3

43

894,6

89

26,0

63

12,8

0,1

96

36,2

55

9,7

2,7

5,4

75

40,2

6,7

84

5,2

29

272

Apr

-15

1963

,480

2,66

59,

018

260

51,4

9,06

52,

18,0

5139

,44,

524

1,62

,023

78,7

782,

313

86,1

262,

904

93,3

0,99

13,

88,2

1613

,886

512

May

-15

2053

,420

2,20

211

,378

286

51,5

9,68

22,

17,8

3342

,03,

117

1,69

,596

1,22

,338

3,58

81,

79,5

725,

418

97,2

9,50

73,

98,9

246,

373

259

Jun-

1522

50,4

112,

053

10,4

1924

695

,07,

409

3,99

,633

53,1

6,70

02,

13,5

091,

98,1

105,

512

3,40

,627

9,24

81,

54,2

3,67

66,

30,2

006,

022

231

Jul-1

523

26,9

051,

129

6,28

316

81,

67,8

0,27

67,

20,4

301,

42,9

6,41

05,

88,6

032,

12,5

406,

069

4,17

,703

10,8

033,

17,4

0,11

713

,27,

202

5,76

823

0

Aug

-15

2119

,761

818

5,37

114

495

,81,

623

4,08

,639

50,7

4,51

12,

09,2

101,

26,8

033,

421

1,62

,391

4,54

41,

49,7

0,46

06,

26,7

751,

022

43

Sep-

1520

20,7

4779

94,

742

9333

,94,

077

1,34

,633

24,5

1,20

089

,611

69,2

931,

901

26,3

4462

859

,66,

403

2,27

,665

1,60

963

Oct

-15

2022

,040

958

2,63

852

10,5

1,51

344

,410

69,4

6,84

32,

74,3

8049

,309

1,41

636

,781

1,06

181

,09,

124

3,22

,277

4,56

924

4

Nov

-15

197,

790

405

332

1614

,88,

080

79,2

014,

40,8

2522

,410

37,5

181,

843

30,6

521,

650

20,0

5,19

71,

05,5

265,

229

272

No

te:

1. N

oti

on

al

Tu

rno

ver

= (

Str

ike P

rice +

Pre

miu

m)

* Q

uan

tity

.

$ i

nd

icate

s as

on

No

vem

ber

30,

2015

.

So

urc

e:

BS

E.

Tab

le 3

4:

Tre

nd

s in

Eq

uit

y D

eri

vati

ves

Seg

men

t at

NS

E

Year/

Mo

nth

No

. o

f

Tra

din

g

Days

Ind

ex F

utu

res

Sto

ck

Fu

ture

sIn

dex O

pti

on

sS

tock

Op

tio

ns

To

tal

Op

en

In

tere

st a

t

the e

nd

of m

on

thC

all

Pu

tC

all

Pu

t

No

. o

f

Co

ntr

acts

Tu

rno

ver

(` c

rore

)

No

. o

f

Co

ntr

acts

Tu

rno

ver

(` c

rore

)

No

. o

f

Co

ntr

acts

Tu

rno

ver

(` c

rore

)

No

. o

f

Co

ntr

acts

Tu

rno

ver

(` c

rore

)

No

. o

f

Co

ntr

acts

Tu

rno

ver

(` c

rore

)

No

. o

f

Co

ntr

acts

Tu

rno

ver

(` c

rore

)

No

. o

f

Co

ntr

acts

Tu

rno

ver

(` c

rore

)

No

. o

f

Co

ntr

acts

Valu

e

(` c

rore

)

2014

-15

243

12,9

3,1

4,3

1841,

09,4

71

23,7

6,0

4,7

41

82,9

1,766

70,1

4,16

,670

2,0

7,7

1,439

67,7

2,2

6,1

93

1,91,

51,

224

6,1

2,0

4,4

73

22,4

3,3

82

3,0

2,7

4,7

36

10,3

9,1

70

183,7

0,4

1,13

15,5

6,0

6,4

53

68,3

7,3

26

1,79,3

44

2015

-16$

164

11,2

3,8

0,4

90

30,7

6,0

95

17,7

1,82,2

35

51,

67,6

24

66,8

2,87

,624

1,65,2

5,5

30

63,6

7,7

9,1

111,

48,4

5,9

09

4,7

9,5

1,857

14,6

5,6

73

2,5

5,0

8,1

83

7,3

1,326

166,8

0,8

9,5

00

4,1

8,1

2,1

56

32,7

9,6

62

1,81,

087

Apr

-15

191,

46,7

9,50

33,

85,4

642,

17,0

4,44

46,

76,4

1010

,17,

80,0

6123

,53,

554

9,00

,01,

816

20,0

0,40

256

,66,

759

1,89

,341

29,8

9,70

494

,592

23,6

8,22

,287

56,9

9,76

364

,68,

279

1,63

,771

May

-15

201,

47,5

5,18

93,

76,6

242,

38,1

1,85

26,

28,5

318,

94,8

7,84

420

,45,

005

8,81

,02,

966

19,0

7,51

858

,47,

902

1,62

,059

31,2

3,92

480

,989

22,5

1,29

,677

52,0

0,72

568

,50,

443

1,72

,697

Jun-

1522

1,58

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resp

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No

tes:

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dex O

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tro

du

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tem

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tem

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mb

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.

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tio

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tan

din

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424

518

8,94

554

2

Jul-1

526

071

50

742

157,

208

146

993

126

8,47

354

7

Aug

-15

140

395

040

915

10,2

8734

91,

395

216

12,2

4755

8

Sep-

154

023

51

241

158,

075

711,

402

132

9,68

075

0

Oct

-15

222

195

021

915

4,19

911

11,

103

805,

494

754

Nov

-15

251

228

125

615

4,47

311

51,

133

975,

817

777

$ i

nd

icate

s as

on

No

vem

ber

30,

2015

.

So

urc

e:

BS

E a

nd

NS

E

Tab

le 3

8:

Cate

go

ry-w

ise S

hare

of T

urn

ove

r &

Op

en

In

tere

st i

n E

qu

ity D

eri

vati

ve S

eg

men

t o

f B

SE

Mo

nth

Perc

en

tag

e S

hare

in

Tu

rno

ver

Perc

en

tag

e S

hare

in

Op

en

In

tere

st

Pro

FII

Mu

tual

Fu

nd

sB

an

ks

Oth

ers

Pro

FII

Mu

tual

Fu

nd

sB

an

ks

Oth

ers

Jan-

1588

.70.

00.

00.

011

.366

.90.

00.

00.

033

.1Fe

b-15

96.6

0.0

0.0

0.0

3.4

67.1

0.0

0.0

0.0

32.9

Mar

-15

86.3

0.0

0.0

0.0

13.7

85.0

0.0

0.0

0.0

15.0

Apr

-15

96.9

0.0

0.0

0.0

3.1

90.3

0.0

0.0

0.0

9.7

May

-15

96.7

0.0

0.0

0.0

3.3

57.1

0.0

0.0

0.0

42.9

Jun-

1597

.40.

00.

00.

02.

642

.00.

00.

00.

058

.0Ju

l-15

91.9

0.0

0.0

0.0

8.1

59.0

0.0

0.0

0.0

41.1

Aug

-15

86.4

0.0

0.0

0.0

13.6

60.9

0.0

0.0

0.0

39.1

Sep-

1569

.40.

00.

00.

030

.641

.50.

00.

00.

058

.5O

ct-1

558

.20.

00.

00.

041

.887

.60.

00.

00.

012

.4N

ov-1

559

.80.

00.

00.

040

.285

.50.

00.

00.

014

.5

So

urc

e:

BS

E.

1205


ab

le 3

9:

Cate

go

ry-w

ise S

hare

of T

urn

ove

r &

Op

en

In

tere

st i

n E

qu

ity D

eri

vati

ve S

eg

men

t o

f N

SE

Mo

nth

Perc

en

tag

e S

hare

in

Tu

rno

ver

Perc

en

tag

e S

hare

in

Op

en

In

tere

st

Pro

FII

Mu

tual

Fu

nd

sB

an

ks

Oth

ers

Pro

FII

Mu

tual

Fu

nd

sB

an

ks

Oth

ers

Jan-

1551

.110

.70.

30.

038

.013

.934

.65.

80.

045

.7Fe

b-15

51.5

10.3

0.3

0.0

37.8

13.5

33.1

6.3

0.0

47.1

Mar

-15

50.9

11.1

0.3

0.0

37.6

13.6

33.6

6.5

0.0

46.3

Apr

-15

47.7

13.8

0.2

0.0

38.3

14.5

33.6

7.6

0.0

44.3

May

-15

51.7

9.2

0.3

0.0

38.8

14.6

34..6

38.

20.

042

.6Ju

n-15

51.3

9.3

0.4

0.0

39.0

15.7

33.3

8.6

0.0

42.4

Jul-1

550

.49.

10.

50.

040

.013

.534

.69.

40.

042

.6A

ug-1

550

.010

.20.

40.

039

.315

.435

.98.

80.

039

.8Se

p-15

50.0

11.1

0.5

0.0

35.5

15.9

34.1

9.2

0.0

40.5

Oct

-15

49.3

9.4

0.6

0.0

40.8

15.2

32.9

9.9

0.0

42.0

Nov

-15

48.8

13.1

0.7

0.0

37.4

15.3

32.8

9.9

0.0

41.9

So

urc

e:

NS

E.

Tab

le 4

0:

Inst

rum

en

t-w

ise T

urn

ove

r in

In

dex D

eri

vati

ves

at

BS

E

Mo

nth

Tu

rno

ver

(in

Perc

en

tag

e)

BS

E 3

0 S

EN

SE

X

BS

E B

AN

KE

X

BS

E O

IL &

GA

S

IND

EX

BS

E T

EC

K

IND

EX

BS

E10

0H

AN

G S

EN

G

Ind

ex F

utu

res

MIC

EX

Ind

ex F

utu

res

FT

SE

/JS

E

To

p 4

0 F

utu

res

IBO

VE

SP

A

Fu

ture

s

Jan-

1510

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

Feb-

1598

.00.

00.

00.

02.

00.

00.

00.

00.

0M

ar-1

510

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

Apr

-15

100.

00.

00.

00.

00.

00.

00.

00.

00.

0M

ay-1

510

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

Jun-

1510

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

Jul-1

510

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

Aug

-15

100.

00.

00.

00.

00.

00.

00.

00.

00.

0Se

p-15

100.

00.

00.

00.

00.

00.

00.

00.

00.

0O

ct-1

510

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

So

urc

e:

BS

E.

Tab

le 4

1: I

nst

rum

en

twis

e T

urn

ove

r in

In

dex D

eri

vati

ves

at

NS

E

Mo

nth

Tu

rno

ver

(in

Perc

en

tag

e)

NIF

TY

CN

XIT

BA

NK

NIF

TY

NF

TY

MC

AP

50

CN

XP

SE

CN

XIN

FR

AF

TS

E10

0S

&P

500

DJI

AIn

dia

VIX

Jan-

1586

.60.

013

.40.

00.

00.

00.

00.

00.

00.

0Fe

b-15

84.2

0.0

15.8

0.0

0.0

0.0

0.0

0.0

0.0

0.0

Mar

-15

83.9

0.0

16.1

0.0

0.0

0.0

0.0

0.0

0.0

0.0

Apr

-15

86.8

0.0

13.1

0.0

0.0

0.0

0.0

0.0

0.0

0.0

May

-15

86.7

0.0

13.3

0.0

0.0

0.0

0.0

0.0

0.0

0.0

Jun-

1585

.20.

014

.80.

00.

00.

00.

00.

00.

00.

0Ju

l-15

85.2

0.0

14.8

0.0

0.0

0.0

0.0

0.0

0.0

0.0

Aug

-15

85.7

0.0

14.2

0.0

0.0

0.0

0.0

0.0

0.0

0.0

Sep-

1582

.20.

017

.80.

00.

00.

00.

00.

00.

00.

0O

ct-1

583

.30.

016

.70.

00.

00.

00.

00.

00.

00.

0N

ov-1

585

.90.

014

.00.

00.

00.

00.

00.

00.

00.

0

So

urc

e:

NS

E.

1206


ab

le 4

2:

Tre

nd

s in

Cu

rren

cy D

eri

vati

ves

Seg

men

t at

NS

E

Year/

Mo

nth

No

. o

f

Tra

din

g

Days

Cu

rren

cy F

utu

res

Cu

rren

cy O

pti

on

sT

ota

l

No

. o

f

Co

ntr

acts

Tu

rno

ver

(` c

rore

)

Call

Pu

t

No

. o

f

Co

ntr

acts

Tu

rno

ver

(` c

rore

)

Op

en

In

tere

st a

t th

e e

nd

of

No

. o

f

Co

ntr

acts

Tu

rno

ver

(` c

rore

)

No

. o

f

Co

ntr

acts

Tu

rno

ver

(` c

rore

)

No

. o

f

Co

ntr

acts

Valu

e

(` c

rore

)

2014

-15

238

35,5

5,8

8,9

63

22,4

7,9

92

7,1

8,5

6,4

44

4,4

8,3

03

5,3

2,1

9,2

87

3,2

7,6

1248,0

6,6

4,6

94

30,2

3,9

08

32,8

6,5

90

20,7

93

2015

-16$

161

26,4

5,3

0,5

76

17,5

1,536

8,8

3,4

4,5

78

5,7

9,3

76

6,0

8,9

0,4

82

3,9

5,3

87

41,

37,6

5,6

36

27,2

6,3

00

32,2

0,5

53

21,

700

Apr

-15

183,

10,5

5,90

62,

00,1

8789

,39,

607

56,9

5665

,81,

903

41,4

764,

65,7

7,41

62,

98,6

1833

,77,

620

21,7

88

May

-15

193,

33,3

2,68

72,

18,2

0193

,83,

506

60,6

5564

,07,

405

40,9

244,

91,2

3,59

83,

19,7

8030

,17,

932

19,5

25

Jun-

1522

3,24

,24,

567

2,12

,345

1,03

,80,

244

67,2

7650

,94,

370

32,6

404,

78,9

9,18

13,

12,2

6231

,03,

419

20,1

27

Jul-1

523

2,88

,23,

508

1,89

,031

94,1

9,99

160

,845

51,4

1,98

432

,888

4,33

,85,

483

2,82

,764

20,8

3,83

813

,691

Aug

-15

204,

28,1

5,78

22,

85,6

531,

30,4

3,25

486

,042

1,15

,61,

855

75,3

326,

74,2

0,89

14,

47,0

2817

,05,

226

11,6

42

Sep-

1520

3,51

,66,

561

2,38

,260

1,20

,19,

700

80,6

1080

,34,

967

53,2

895,

52,2

1,22

83,

72,1

5915

,58,

377

10,4

82

Oct

-15

203,

10,8

7,54

62,

07,0

491,

45,9

2,07

896

,306

83,5

1,35

854

,623

5,40

,30,

982

3,57

,978

16,1

6,04

510

,771

Nov

-15

192,

98,2

4,01

92,

00,8

101,

05,6

6,19

870

,686

97,1

6,64

064

,216

5,01

,06,

857

3,35

,711

32,2

0,55

321

,700

No

tes:

1.

Tra

din

g V

alu

e :

- F

or

Fu

ture

s, V

alu

e o

f c

on

tract

= T

rad

ed

Qty

*T

rad

ed

Pri

ce.

2.

Fo

r O

pti

on

s, V

alu

e o

f c

on

tract

= T

rad

ed

Qty

*(S

trik

e P

rice+

Tra

ded

Pre

miu

m)

$ i

nd

icate

s as

on

No

vem

ber

30,

2015

.

So

urc

e:

NS

E.

Tab

le 4

3:

Tre

nd

s in

Cu

rren

cy D

eri

vati

ves

Seg

men

t at

MS

EI

Year/

Mo

nth

No

. o

f

Tra

din

g

Days

Cu

rren

cy F

utu

res

Cu

rren

cy O

pti

on

sT

ota

lO

pen

In

tere

st a

t th

e e

nd

of

Call

Pu

tN

o.

of

Co

ntr

acts

Tu

rno

ver

(` c

rore

)

No

. o

f

Co

ntr

acts

Valu

e

(` c

rore

)N

o.

of

Co

ntr

acts

Tu

rno

ver

(` c

rore

)

No

. o

f

Co

ntr

acts

Tu

rno

ver

(` c

rore

)

No

. o

f

Co

ntr

acts

Tu

rno

ver

(` c

rore

)

2014

-15

238

10,0

1,05,4

146,3

1,641

16,3

8,7

39

10,1

46

13,2

4,1

90

8,1

39

10,3

0,6

8,3

43

6,4

9,9

25

3,6

1,16

02,2

92

2015

-16$

161

3,5

1,86,1

20

2,3

1,629

12,6

4,6

52

8,2

52

11,0

2,8

00

7,0

86

3,7

5,5

3,5

72

2,4

6,9

67

2,5

6,4

34

1,728

Apr

-15

1854

,73,

546

35,1

442,

77,1

701,

765

1,64

,321

1,01

959

,15,

037

37,9

284,

32,5

432,

783

May

-15

1951

,58,

356

33,5

801,

73,1

191,

123

1,58

,860

1,00

854

,90,

335

35,7

103,

59,0

682,

327

Jun-

1522

54,5

6,29

135

,483

1,19

,800

777

1,44

,385

920

57,2

0,47

637

,180

5,82

,372

3,75

8

Jul-1

523

43,0

2,43

228

,213

1,28

,853

831

1,20

,637

769

45,5

1,92

229

,813

5,61

,640

3,65

2

Aug

-15

2050

,59,

012

33,8

071,

60,1

151,

052

1,43

,192

924

53,6

2,31

935

,783

2,99

,812

2,01

9

Sep-

1520

40,5

5,68

827

,433

1,06

,899

715

1,17

,647

778

42,8

0,23

428

,926

2,18

,964

1,45

5

Oct

-15

2031

,14,

256

20,7

201,

42,9

7194

81,

04,8

4968

333

,62,

076

22,3

513,

61,0

812,

383

Nov

-15

1925

,66,

539

17,2

491,

55,7

251,

041

1,48

,909

985

28,7

1,17

319

,275

2,56

,434

1,72

8

$ i

nd

icate

s as

on

No

vem

ber

30,

2015

.

So

urc

e:

MS

EI

1207


ab

le 4

4:

Tre

nd

s in

Cu

rren

cy D

eri

vati

ves

Seg

men

t at

BS

E

Year/

Mo

nth

No

. o

f

Tra

din

g

Days

Cu

rren

cy F

utu

res

Cu

rren

cy O

pti

on

sT

ota

lO

pen

In

tere

st a

t th

e e

nd

of

Call

Pu

t

No

. o

f

Co

ntr

acts

Tu

rno

ver

(` c

rore

)

No

. o

f

Co

ntr

acts

Tu

rno

ver

(` c

rore

)

No

. o

f

Co

ntr

acts

Tu

rno

ver

(` c

rore

)

No

. o

f

Co

ntr

acts

Tu

rno

ver

(` c

rore

)

No

. o

f

Co

ntr

acts

Valu

e

(` c

rore

)

2014

-15

238

21,

24,3

4,5

40

13,0

7,0

77

3,9

0,9

9,0

57

2,4

9,2

60

5,7

6,4

2,4

46

3,5

2,2

56

30,9

1,76,0

43

19,0

8,5

44

6,6

4,6

68

4,1

61

2015

-16$

161

17,4

0,9

8,2

80

11,3

0,2

39

4,0

7,1

9,1

67

2,6

6,7

02

5,2

2,0

7,6

30

3,3

0,3

77

26,7

0,2

5,0

77

17,2

7,3

187,8

4,1

115,2

44

Apr

-15

182,

10,6

9,18

51,

33,1

1331

,73,

211

20,2

741,

17,0

6,75

472

,410

3,59

,49,

150

2,25

,797

8,92

,319

5,81

3

May

-15

192,

08,1

9,15

11,

33,3

8264

,44,

406

41,7

561,

06,3

5,58

166

,859

3,78

,99,

138

2,41

,997

7,74

,450

4,93

9

Jun-

1522

2,17

,96,

194

1,39

,782

47,0

6,29

130

,667

67,9

6,14

342

,183

3,32

,98,

628

2,12

,632

11,1

1,94

57,

099

Jul-1

523

1,88

,95,

627

1,20

,827

79,2

3,90

051

,467

62,9

7,78

439

,771

3,31

,17,

311

2,12

,065

9,46

,600

6,06

0

Aug

-15

202,

78,0

2,76

31,

82,1

9858

,68,

030

38,7

5778

,20,

958

49,9

764,

14,9

1,75

12,

70,9

317,

18,3

034,

767

Sep-

1520

2,28

,14,

502

1,51

,622

44,8

9,52

130

,063

23,0

7,65

015

,367

2,96

,11,

673

1,97

,052

6,34

,015

4,17

2

Oct

-15

202,

05,4

9,99

21,

34,2

2146

,77,

718

30,7

9533

,03,

619

21,6

922,

85,3

1,32

91,

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-15

192,

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.

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Nov

-15

16,9

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535-

Nov

-15

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862

27,4

999-

Nov

-15

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5,25

912

,969

7,47

,323

5,00

313

,05,

639

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439

,78,

221

26,5

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4410

-Nov

-15

13,7

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202

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532

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9,75

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4,29

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9713

-Nov

-15

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73,

43,6

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296

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015

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712

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30,7

4816

-Nov

-15

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-Nov

-15

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927

5,73

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50,4

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634

22,9

2,17

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690

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203

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34,1

7020

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033

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120

26,3

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,17,

674

40,8

3824

-Nov

-15

23,4

1,54

115

,770

7,27

,179

4,87

86,

56,4

054,

350

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5,12

524

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240

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85,9

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4,00

341

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528

27,7

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118

18,4

1727

-Nov

-15

13,3

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89,

122

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75,

40,3

373,

618

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317

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020

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510

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855

7,10

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61,0

562,

448

3,48

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2,32

817

,53,

212

11,8

8432

,20,

553

21,7

00

So

urc

e:

NS

E

1208


Table 46: Daily Trends of Currency Derivatives Trading at MSEI during November 2015

Date

Currency

Futures

Currency OptionsTotal Turnover

Open Interest at the

end of the dayCall Put

No. of

Contracts

Turnover

(` crore)

No. of

Contracts

Turnover

(` crore)

No. of

Contracts

Turnover

(` crore)

No. of

Contracts

Turnover

(` crore)

No. of

contracts

Value

(` crore)

2-Nov-15 1,68,762 1,130 17,305 115 1,003 7 1,87,070 1,251 3,41,801 2,271

3-Nov-15 1,37,440 931 337 2 131 1 1,37,908 934 3,23,585 2,150

4-Nov-15 90,099 607 2,279 15 125 1 92,503 623 3,27,443 2,171

5-Nov-15 1,12,315 750 24,994 166 21,012 139 1,58,321 1,056 3,65,715 2,431

6-Nov-15 1,59,659 1,072 17,862 119 9,288 62 1,86,809 1,252 3,94,590 2,619

9-Nov-15 2,31,065 1,552 12,015 80 20,436 135 2,63,516 1,768 3,66,072 2,450

10-Nov-15 92,256 618 17,674 118 20,137 134 1,30,067 870 3,98,658 2,665

11-Nov-15 14,339 96 1,568 10 480 3 16,387 110 4,05,957 2,706

13-Nov-15 68,785 463 2,031 14 1,700 11 72,516 488 4,04,484 2,698

16-Nov-15 1,06,068 713 2,554 17 2,522 17 1,11,144 747 4,09,706 2,728

17-Nov-15 1,08,800 731 221 1 9,560 62 1,18,581 795 4,11,270 2,737

18-Nov-15 1,08,297 727 2,640 18 15,857 103 1,26,794 848 4,36,632 2,914

19-Nov-15 1,85,349 1,241 7,755 52 8,860 58 2,01,964 1,351 4,76,368 3,175

20-Nov-15 1,53,926 1,030 7,731 52 8,175 54 1,69,832 1,135 5,19,440 3,461

23-Nov-15 1,19,689 810 1,233 8 4,428 29 1,25,350 848 5,22,354 3,488

24-Nov-15 1,78,212 1,196 8,580 57 5,641 37 1,92,433 1,291 5,38,871 3,593

26-Nov-15 3,63,112 2,439 1,823 12 2,457 16 3,67,392 2,468 5,61,892 3,756

27-Nov-15 1,02,670 695 19,156 130 10,116 68 1,31,942 893 2,54,211 1,716

30-Nov-15 65,696 447 7,967 54 6,981 47 80,644 548 2,56,434 1,728

Source: MSEI

Table 47: Daily Trends of Currency Derivatives trading at BSE during November 2015

Date

Currency FuturesCurrency Option

Total TurnoverOpen Interest at the

end of Calls Puts

No. of

Contracts

Traded Value

(` crore)

No. of

Contracts

Traded Value

(` crore)

No. of

Contracts

Traded Value

(` crore)

No. of

Contracts

Traded Value

(` crore)

No. of

Contracts

Value

(` crore)

2-Nov-15 15,15,259 9,978 2,05,971 1,365 3,10,616 2,036 20,31,846 13,379 7,90,087 5,1763-Nov-15 11,70,980 7,716 2,29,509 1,522 1,06,202 701 15,06,691 9,938 8,53,407 5,5884-Nov-15 10,49,625 6,913 1,81,756 1,206 87,076 579 13,18,457 8,698 8,01,332 5,2575-Nov-15 12,49,606 8,245 2,22,346 1,475 2,58,863 1,706 17,30,815 11,425 8,90,289 5,8506-Nov-15 8,93,417 5,906 1,61,700 1,074 1,26,748 846 11,81,865 7,826 8,72,813 5,7469-Nov-15 12,46,800 8,312 1,69,058 1,130 2,66,072 1,761 16,81,930 11,203 10,48,933 6,96110-Nov-15 8,47,704 5,647 1,36,872 916 1,65,859 1,103 11,50,435 7,665 11,07,070 7,34811-Nov-15 71,940 477 18,681 125 7,589 50 98,210 652 11,02,813 7,32013-Nov-15 6,43,611 4,274 88,392 590 97,842 647 8,29,845 5,511 10,17,366 6,73216-Nov-15 9,76,800 6,474 1,60,400 1,069 1,31,976 873 12,69,176 8,416 9,92,162 6,56817-Nov-15 10,75,650 7,121 1,90,598 1,268 1,85,442 1,224 14,51,690 9,613 10,39,624 6,86318-Nov-15 9,92,901 6,592 2,33,081 1,553 2,25,143 1,490 14,51,125 9,635 12,12,566 8,02019-Nov-15 10,29,294 6,828 2,12,840 1,416 2,20,151 1,452 14,62,285 9,696 13,15,491 8,70020-Nov-15 12,75,039 8,456 3,24,605 2,161 2,22,678 1,482 18,22,322 12,100 13,59,243 8,98823-Nov-15 15,00,324 9,974 2,70,635 1,804 3,95,401 2,611 21,66,360 14,390 13,70,379 9,09624-Nov-15 14,65,543 9,751 1,34,533 900 1,27,786 848 17,27,862 11,499 13,80,855 9,17026-Nov-15 14,42,128 9,641 1,71,674 1,158 1,67,101 1,118 17,80,903 11,917 6,80,584 4,53427-Nov-15 11,15,389 7,493 1,79,635 1,218 1,59,376 1,076 14,54,400 9,787 7,70,475 5,14830-Nov-15 7,88,856 5,297 1,43,804 974 77,220 515 10,09,880 6,786 7,84,111 5,244

Source: BSE.

1209


ab

le 4

8:

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tati

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2015

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le 4

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Jan-

1511

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Feb-

152,

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913

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043

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3512

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Mar

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May

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Sep-

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1538

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Apr

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1526

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045

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-15

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779

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ou

rce:

MS

EI

1210


Table 51: Instrument-wise Turnover in Currency Derivative Segment of BSE

MonthTurnover (` crore)

Open Interest as on last day of the month

(in lots)

USDINR EURINR GBPINR JPYINR USDINR EURINR GBPINR JPYINR

Jan-15 3,16,702 120 458 412 7,19,869 1,184 1,137 58

Feb-15 2,24,891 59 170 247 8,78,018 242 583 607

Mar-15 2,90,014 1,475 64 16 6,62,371 897 486 914

Apr-15 2,24,902 571 262 61 8,56,186 634 220 541

May-15 2,41,194 594 175 34 7,72,830 650 419 551

Jun-15 2,11,769 477 297 89 11,07,151 1,569 2,505 720

Jul-15 2,11,434 366 225 40 9,44,660 917 500 523

Aug-15 2,70,316 250 285 80 7,14,899 1,760 1,029 615

Sep-15 1,96,358 332 240 122 6,31,114 1,097 1,053 751

Oct-15 1,85,998 269 362 78 7,22,764 954 581 573

Nov-15 1,79,121 720 239 58 7,81,755 452 1,529 375

Source: BSE

Table 52: Maturity-wise Turnover in Currency Derivative Segment of NSE

(` crore)

MonthCurrency Futures Currency Options

1 Month 2 Month 3 Month > 3 months 1 Month 2 Month 3 Month > 3 months

Jan-15 2,02,095 32,426 3,452 2,546 1,11,060 8,542 125 11

Feb-15 1,35,641 28,380 4,851 2,162 48,087 5,808 129 0

Mar-15 1,84,677 39,452 6,209 2,652 91,503 12,519 7 8

Apr-15 1,58,643 36,396 3,611 1,536 84,202 14,101 128 0

May-15 1,84,537 28,875 2,744 2,045 89,744 11,415 420 0

Jun-15 1,72,441 34,997 3,216 1,692 83,795 15,797 325 0

Jul-15 1,53,524 30,968 3,054 1,484 75,208 17,461 1,063 1

Aug-15 2,33,188 46,331 4,178 1,955 1,37,262 22,979 1,131 3

Sep-15 2,05,216 28,837 2,954 1,253 1,15,393 18,493 13 0

Oct-15 1,77,010 27,127 1,843 1,070 1,34,950 15,825 154 0

Nov-15 1,70,562 27,504 1,776 968 1,18,575 16,284 43 0

Source: NSE.

Table 53: Maturity-wise Turnover in Currency Derivative Segment of MSEI

MonthCurrency Futures Currency Options

1 Month 2 Month 3 Month > 3 months 1 Month 2 Month 3 Month > 3 months

Jan-15 35,320 6,200 1,259 463 81 59 107 0

Feb-15 22,574 4,602 1,536 323 865 28 0 0

Mar-15 31,613 6,544 493 589 2,825 118 0 0

Apr-15 28,251 6,212 565 116 2,675 109 0 0

May-15 26,943 5,810 526 300 1,810 273 0 47

Jun-15 28,091 5,267 1,064 1,061 1,512 94 0 92

Jul-15 22,020 5,528 597 68 1,355 134 102 8

Aug-15 28,121 5,212 429 45 1,670 298 0 8

Sep-15 21,740 2,838 1,206 1,649 1,208 285 0 0

Oct-15 16,860 3,717 106 38 1,420 211 0 0

Nov-15 14,199 2,926 118 6 2,001 25 0 0

Source: MSEI

1211


ab

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ths

1 M

on

th2 M

on

th3 M

on

th>

3 m

on

ths

Jan-

151,

41,3

7014

,706

1,00

952

1,02

,618

11,6

2522

,212

24,0

98

Feb-

1591

,043

11,8

902,

075

799

27,8

6830

,078

18,2

2843

,385

Mar

-15

1,20

,315

15,9

5093

413

929

,933

15,3

7030

,279

78,6

48

Apr

-15

1,15

,841

16,4

6780

12

57,1

713,

528

20,0

3411

,949

May

-15

1,19

,851

12,8

9461

818

81,0

322,

724

11,9

9612

,862

Jun-

151,

22,6

4215

,927

1,17

239

45,0

065,

011

10,3

8812

,444

Jul-1

51,

05,9

0114

,134

788

363

,579

11,9

3715

,444

277

Aug

-15

1,65

,315

16,0

1786

15

81,2

593,

894

3,50

771

Sep-

151,

40,2

5510

,997

361

937

,394

8,02

94

3

Oct

-15

1,21

,979

11,9

0832

75

45,1

496,

616

722

0

Nov

-15

1,21

,111

13,3

7559

512

40,8

314,

106

105

1

So

urc

e:

BS

E

Tab

le 5

5:

Tra

din

g S

tati

stic

s o

f I

nte

rest

Rate

Fu

ture

s at

BS

E,

NS

E a

nd

MS

EI

Year/

Mo

nth

No

. o

f

Tra

din

g

Days

BS

EN

SE

MS

EI

Inte

rest

Rate

Fu

ture

s

Op

en

In

tere

st a

t

the e

nd

of

Inte

rest

Rate

Fu

ture

sO

pen

In

tere

st a

t

the e

nd

of

Inte

rest

Rate

Fu

ture

sO

pen

In

tere

st a

t

the e

nd

of

No

. o

f

Co

ntr

acts

Tra

ded

Valu

e

(` c

rore

)

No

. o

f

Co

ntr

acts

Valu

e

(` c

rore

)

No

. o

f

Co

ntr

acts

Tra

ded

Valu

e

(` c

rore

)

No

. o

f

Co

ntr

acts

Valu

e

(` c

rore

)

No

. o

f

Co

ntr

acts

Tra

ded

Valu

e

(` c

rore

)

No

. o

f

Co

ntr

acts

Valu

e

(` c

rore

)

2014

-15

238

20,3

3,2

75

41,

912

80,0

78

1,671

2,0

5,8

7,0

36

4,2

1,558

3,3

8,3

72

7,0

71

4,9

5,8

69

10,3

1256,0

171,

170

2015

-16$

161

31,

40,2

24

63,3

95

28,0

88

567

1,87,5

7,8

90

3,8

1,043

2,4

9,6

22

5,0

04

9,3

0,6

01

18,9

88

22,3

70

449

Apr

-15

183,

00,4

306,

251

34,7

3871

921

,10,

059

43,8

991,

99,8

054,

136

2,09

,107

4,35

162

,690

1,29

8

May

-15

191,

47,1

423,

031

40,8

9984

025

,04,

801

51,6

632,

12,4

164,

381

1,03

,438

2,13

726

,641

551

Jun-

1522

1,80

,902

3,66

532

,554

328

30,5

9,02

162

,055

1,89

,288

3,79

81,

46,2

702,

969

21,5

6343

4

Jul-1

523

1,71

,968

3,47

131

,056

626

25,4

0,69

651

,304

2,00

,407

4,03

61,

68,4

963,

394

28,9

8758

3

Aug

-15

204,

14,4

558,

269

16,6

7933

623

,01,

699

46,1

292,

08,7

184,

193

74,8

281,

512

13,2

5026

8

Sep-

1520

6,58

,922

13,1

9722

,748

233

21,3

0,89

942

,903

2,39

,166

4,87

951

,487

1,04

011

,521

234

Oct

-15

205,

94,2

2612

,019

30,0

9561

221

,62,

248

43,8

742,

44,5

404,

946

1,07

,292

2,18

219

,787

400

Nov

-15

196,

72,1

7913

,492

28,0

8856

719

,48,

467

39,2

152,

49,6

225,

004

69,6

831,

403

22,3

7044

9

$ i

nd

icate

s as

on

No

vem

ber

30,

2015

.

So

urc

e:

BS

E,

NS

E a

nd

MS

EI

1212


Table 56: Daily Trends of Interest Rate Futures trading at BSE during November 2015

Date No. of Contracts tradedTurnover

(` crore)

Open Interest

No. of contracts Value (` crore)

02-Nov-15 40,079 806 30,714 624

03-Nov-15 41,888 843 30,441 619

04-Nov-15 35,819 720 30,172 613

05-Nov-15 43,554 875 30,595 620

06-Nov-15 50,833 1,020 32,018 649

09-Nov-15 37,366 747 31,129 629

10-Nov-15 54,656 1,094 34,712 702

11-Nov-15 681 14 34,934 706

13-Nov-15 26,945 541 37,432 758

16-Nov-15 36,277 729 31,727 644

17-Nov-15 19,722 396 34,589 700

18-Nov-15 43,344 870 39,743 804

19-Nov-15 21,600 434 40,650 823

20-Nov-15 39,267 787 40,485 818

23-Nov-15 30,097 602 43,149 870

24-Nov-15 54,385 1,096 49,058 990

26-Nov-15 56,529 1,138 26,863 544

27-Nov-15 20,027 400 26,959 544

30-Nov-15 19,110 381 28,088 567

Source: BSE

Table 57: Daily Trends of Interest Rate Futures trading at NSE during November 2015

Date No. of Contracts tradedTurnover

(` crore)

Open Interest

No. of contractsValue

(` crore)

02-Nov-15 77,071 1,557 2,47,540 5,011

03-Nov-15 78,693 1,590 2,47,716 5,008

04-Nov-15 1,03,438 2,083 2,58,245 5,218

05-Nov-15 97,589 1,972 2,57,304 5,187

06-Nov-15 1,12,235 2,260 2,66,964 5,384

09-Nov-15 98,107 1,969 2,69,088 5,410

10-Nov-15 81,724 1,639 2,65,069 5,342

11-Nov-15 1,531 31 2,65,220 5,342

13-Nov-15 57,725 1,161 2,64,493 5,343

16-Nov-15 65,731 1,325 2,63,712 5,327

17-Nov-15 46,168 932 2,68,316 5,415

18-Nov-15 67,043 1,349 2,70,878 5,465

19-Nov-15 1,11,503 2,242 2,75,818 5,566

20-Nov-15 1,38,123 2,773 2,78,834 5,617

23-Nov-15 1,52,392 3,068 2,87,860 5,790

24-Nov-15 2,68,017 5,386 3,05,694 6,157

26-Nov-15 2,58,950 5,228 2,30,871 4,647

27-Nov-15 79,132 1,585 2,48,460 4,984

30-Nov-15 53,295 1,065 2,49,622 5,004

Source: NSE

1213


Table 58: Daily Trends of Interest Rate Futures trading at MSEI during November 2015

Date No. of Contracts traded Turnover (` crore)Open Interest

No. of contracts Value (` crore)

02-Nov-15 113 2 19,761 40103-Nov-15 129 3 19,762 40004-Nov-15 51 1 19,753 39905-Nov-15 218 4 19,894 40206-Nov-15 201 4 19,895 40209-Nov-15 327 7 19,881 40010-Nov-15 114 2 19,883 40111-Nov-15 3 0 19,883 40113-Nov-15 2,814 57 22,141 44716-Nov-15 3,102 62 23,783 48017-Nov-15 28 1 23,783 48018-Nov-15 66 1 23,782 48019-Nov-15 2,513 50 26,282 53020-Nov-15 39 1 26,282 52923-Nov-15 7,645 158 30,781 62124-Nov-15 41,464 833 37,050 74726-Nov-15 6,524 131 37,730 76127-Nov-15 2,973 59 22,368 45030-Nov-15 1,359 27 22,370 449

Source: MSEI

Table 59: Settlement Statistics in Interest Rate Futures at BSE, NSE and MSEI

(` crore)

Year/ Month

BSE NSE MSEI

MTM SettlementPhysical Delivery

SettlementMTM Settlement

Physical Delivery

SettlementMTM Settlement

Physical Delivery

Settlement

2014-15 55.8 1.5 187.3 3.0 58.9 0.0

2015-16$ 199.7 6.5 748.6 11.8 133.7 0.0

Apr-15 36.3 2.2 107.9 3.8 23.2 0.0May-15 26.2 0.9 86.2 1.5 27.4 0.0Jun-15 54.0 1.1 151.2 1.4 30.6 0.0Jul-15 19.6 0.1 60.4 0.3 15.3 0.0Aug-15 21.0 0.7 92.4 1.7 14.5 0.0Sep-15 13.4 0.1 88.0 0.2 5.3 0.0Oct-15 11.8 0.6 62.3 1.7 6.5 0.0Nov-15 17.5 0.7 100.2 1.1 11.0 0.0


Source: NSE, BSE and MSEI

Table 60: Trends in Foreign Portfolio Investment

Year/MonthGross Purchase

(` crore)

Gross Sales

(` crore)

Net Investment

(` crore)

Net Investment

(US $ mn.)

Cumulative Net

Investment (US $ mn.)

2014-15 15,21,346 12,43,887 2,77,460 45,698 226,103

2015-16$ 9,23,676 9,30,684 -7,008 -917 225,194

Apr-15 1,36,238 1,20,905 15,333 2,441 228,551May-15 1,21,140 1,35,412 -14,272 -2,235 226,317Jun-15 1,43,320 1,44,928 -1,608 -250 226,067Jul-15 1,08,598 1,03,275 5,323 842 226,909Aug-15 1,11,844 1,29,368 -17,524 -2,645 224,264Sep-15 1,00,345 1,06,128 -5,784 -874 223,391Oct-15 1,21,075 98,724 22,350 3,444 226,834Nov-15 81,117 91,943 -10,826 -1,641 225,194


Source: NSDL, CDSL

1214


ab

le 6

1: D

ail

y T

ren

ds

in F

ore

ign

Po

rtfo

lio

In

vest

men

t d

uri

ng

No

vem

ber

2015

Date

Eq

uit

yD

ebt

To

tal

Gro

ss

Pu

rch

ase

(` c

rore

)

Gro

ss S

ale

s

(` c

rore

)

Net

Inve

stm

en

t

(` c

rore

)

Net

Inve

stm

en

t

(US

$ m

n.)

Gro

ss

Pu

rch

ase

(` c

rore

)

Gro

ss S

ale

s

(` c

rore

)

Net

Inve

stm

en

t

(`

cro

re)

Net

Inve

stm

en

t

(US

$ m

n)

Gro

ss

Pu

rch

ase

(` c

rore

)

Gro

ss S

ale

s

(` c

rore

)

Net

Inve

stm

en

t

(` c

rore

)

Net

Inve

stm

en

t

(US

$ m

n.)

2-N

ov-1

53,

413

4,77

6-1

,363

-209

323

607

-283

-43

3,73

75,

383

-1,6

46-2

523-

Nov

-15

3,46

63,

472

-7-1

660

2,11

5-1

,456

-222

4,12

55,

588

-1,4

63-2

234-

Nov

-15

3,19

23,

565

-373

-57

1,42

11,

808

-387

-59

4,61

35,

373

-760

-116

5-N

ov-1

53,

529

3,46

267

1097

057

439

660

4,49

94,

036

463

716-

Nov

-15

3,85

64,

847

-992

-151

1,29

31,

251

426

5,14

96,

099

-950

-145

9-N

ov-1

54,

475

2,89

41,

581

240

287

587

-301

-46

4,76

13,

481

1,28

019

510

-Nov

-15

3,90

14,

607

-706

-106

224

691

-466

-70

4,12

55,

297

-1,1

72-1

7713

-Nov

-15

3,57

94,

292

-713

-108

2,68

153

92,

142

323

6,25

94,

831

1,42

821

516

-Nov

-15

5,56

46,

401

-837

-127

963

788

175

276,

527

7,19

0-6

62-1

0017

-Nov

-15

3,38

24,

330

-947

-143

588

2,21

6-1

,628

-246

3,97

16,

546

-2,5

75-3

8918

-Nov

-15

3,54

43,

939

-395

-60

398

611

-213

-32

3,94

24,

550

-608

-92

19-N

ov-1

53,

003

3,72

3-7

21-1

0949

693

1-4

36-6

63,

498

4,65

5-1

,156

-175

20-N

ov-1

53,

484

3,79

2-3

07-4

774

789

8-1

51-2

34,

232

4,69

0-4

58-6

923

-Nov

-15

3,28

33,

378

-96

-14

775

448

327

504,

058

3,82

623

235

24-N

ov-1

53,

143

3,17

0-2

8-4

381

855

-475

-72

3,52

34,

025

-502

-76

26-N

ov-1

53,

258

3,76

9-5

11-7

758

31,

010

-426

-64

3,84

14,

779

-938

-141

27-N

ov-1

55,

989

6,25

6-2

68-4

01,

092

1,16

1-6

9-1

07,

080

7,41

7-3

36-5

130

-Nov

-15

2,82

03,

279

-458

-69

356

901

-545

-82

3,17

64,

179

-1,0

03-1

50T

ota

l66,8

79

73,9

53

-7,0

74

-1,0

71

14,2

38

17,9

90

-3,7

52

-570

81,

117

91,

943

-10,8

26

-1,6

41

No

te:

T

he d

ata

pre

sen

ted

ab

ove

is

co

mp

iled

on

th

e b

asi

s o

f r

ep

ort

s su

bm

itte

d t

o d

ep

osi

tori

es

by c

ust

od

ian

s o

n 3

0-N

ov-2

015

an

d c

on

stit

ute

s tr

ad

es

co

nd

ucte

d b

y d

eem

ed

FP

Is/

FP

Is o

n a

nd

up

to t

he p

revio

us

trad

ing

day(s

).

So

urc

e:

NS

DL

, C

DS

L

Tab

le 6

2:

No

tio

nal

Valu

e o

f O

ffsh

ore

Deri

vati

ve I

nst

rum

en

ts (

OD

Is)

Vs

Ass

ets

Un

der

Cu

sto

dy (

AU

C)

of F

PIs

/D

eem

ed

FP

Is

(` c

rore

)

Year/

Mo

nth

No

tio

nal

valu

e o

f O

DIs

on

Eq

uit

y, D

ebt

& D

eri

vati

ves

No

tio

nal

valu

e o

f O

DIs

on

Eq

uit

y &

Deb

t exclu

din

g

Deri

vati

ves

Ass

ets

Un

der

Cu

sto

dy o

f

FP

Is/

Deem

ed

FP

Is

No

tio

nal

valu

e o

f O

DIs

on

Eq

uit

y, D

ebt

& D

eri

vati

ves

as

% o

f A

ssets

Un

der

Cu

sto

dy o

f

FP

Is/

Deem

ed

FP

Is

No

tio

nal

valu

e o

f O

DIs

on

Eq

uit

y

& D

ebt

exclu

din

g D

eri

vati

ves

as

%

of A

ssets

Un

der

Cu

sto

dy o

f F

PIs

/

Deem

ed

FP

Is

2014

-15

2,7

2,0

78

2,1

1,605

24,1

1,810

11.3

8.8

2015

-16$

2,5

4,6

00

1,91,

190

23,0

8,7

69

11.0

8.3

Apr

-15

2,68

,168

2,06

,374

23,5

5,30

811

.48.

8M

ay-1

52,

84,8

262,

13,1

6324

,13,

049

11.8

8.8

Jun-

152,

75,4

362,

08,5

7823

,86,

457

11.5

8.7

Jul-1

52,

72,0

532,

05,4

4424

,53,

014

11.1

8.4

Aug

-15

2,53

,310

1,88

,027

23,1

3,54

810

.98.

1Se

p-15

2,53

,875

1,86

,849

23,0

3,51

311

.08.

1O

ct-1

52,

58,2

871,

92,6

3023

,44,

179

11.0

8.2

Nov

-15

2,54

,600

1,91

,190

23,0

8,76

911

.08.

3

No

tes:

1.

F

igu

res

are

co

mp

iled

base

d o

n r

ep

ort

s su

bm

itte

d b

y F

PIs

/d

eem

ed

FP

Is i

ssu

ing

OD

Is.

2.

C

olu

mn

4 F

igu

res

are

co

mp

iled

on

th

e b

asi

s o

f r

ep

ort

s su

bm

itte

d b

y c

ust

od

ian

s &

do

es

no

t in

clu

des

po

siti

on

s ta

ken

by F

PIs

/d

eem

ed

FP

Is i

n d

eri

vati

ves.

3.

T

he t

ota

l va

lue o

f O

DIs

exclu

des

the u

nh

ed

ged

po

siti

on

s &

po

rtfo

lio

hed

gin

g p

osi

tio

ns

tak

en

by t

he F

PIs

/d

eem

ed

FP

Is i

ssu

ing

OD

Is.

$ i

nd

icate

s as

on

No

vem

ber

30,

2015

.

So

urc

e:

SE

BI.

1215


ab

le 6

3:

Ass

ets

un

der

the C

ust

od

y o

f C

ust

od

ian

s

C

lient

Per

iod

FP

IsF

orei

gn

Dep

osit

orie

s

FD

I

Inve

stm

ents

For

eign

Ven

ture

Cap

ital

Inve

stm

ents

OC

Bs

NR

IsM

utua

l Fun

dsC

orpo

rate

sB

anks

Insu

ranc

e

Com

pani

es

Loc

al P

ensi

on

Fun

ds

Fin

anci

al

Inst

itut

ions

Oth

ers

Tot

al

No.

Am

ount

(` c

rore

)N

o.A

mou

nt

(` c

rore

)N

o.A

mou

nt

(` c

rore

)N

o.A

mou

nt

(` c

rore

)N

o.A

mou

nt

(` c

rore

)N

o.A

mou

nt

(` c

rore

)N

o.A

mou

nt

(` c

rore

)N

o.A

mou

nt

(` c

rore

)N

o.A

mou

nt

(` c

rore

)N

o.A

mou

nt

(` c

rore

)N

o.A

mou

nt

(` c

rore

)N

o.A

mou

nt

(` c

rore

)N

o.A

mou

nt

(` c

rore

)N

o.A

mou

nt

(` c

rore

)

2014

-15

8,31

924

,11,

810

622,

54,1

241,

286

4,55

,033

177

52,1

8426

1,78

432

22,

093

1,96

29,

58,3

3243

962

,502

117

1,74

,169

473

12,1

6,12

210

11,

33,9

8832

85,8

977,

788

3,79

,681

21,1

0461

,87,

719

2015

-16$

8,66

223

,08,

769

632,

45,2

251,

379

4,60

,058

188

54,6

4024

1,96

239

02,

705

1,96

811

,05,

408

458

56,8

3511

62,

36,8

9248

412

,23,

034

104

1,60

,147

3178

,543

10,7

724,

06,2

8624

,639

63,4

0,50

4

Apr-1

58,3

3323

,55,30

862

2,47,4

171,2

814,4

5,954

177

51,99

424

1,704

325

2,204

1,951

10,30

,014

444

59,19

911

71,8

3,686

473

12,15

,577

101

1,37,1

0932

86,25

68,0

053,8

0,305

21,32

561

,96,72

7M

ay-15

8,369

24,13

,049

622,5

0,666

1,299

4,61,2

2317

852

,582

241,7

7533

22,2

811,9

6010

,62,40

845

055

,773

117

1,90,3

5746

812

,43,97

610

11,4

0,012

3285

,314

8,320

3,86,2

4921

,712

63,45

,664

Jun-

158,4

0923

,86,45

763

2,49,7

761,3

104,5

5,303

178

52,51

724

1,871

341

2,357

1,969

10,40

,629

455

55,71

111

71,8

5,346

468

12,41

,439

104

1,42,5

7031

83,48

98,7

513,8

2,716

22,22

062

,80,18

2Ju

l-15

8,458

24,53

,013

632,5

9,125

1,325

4,78,2

3717

952

,692

241,9

5933

42,7

311,9

5911

,08,66

745

157

,899

117

1,86,9

9350

912

,54,92

110

41,4

7,762

3182

,223

9,234

3,86,1

2222

,788

64,72

,346

Aug-1

58,4

7123

,13,54

863

2,40,4

791,3

344,6

0,007

180

52,61

024

1,845

353

2,652

1,953

10,78

,928

459

56,39

911

82,1

8,442

522

12,10

,686

104

1,51,0

7631

75,61

09,4

574,0

0,104

23,06

962

,62,38

7Se

p-15

8,544

23,03

,513

632,4

2,686

1,353

4,58,3

4218

152

,561

241,8

6937

02,7

591,9

5610

,20,29

646

055

,070

118

2,15,4

7152

312

,06,42

610

41,5

4,480

3176

,898

9,714

3,93,6

7923

,441

61,84

,050

Oct-

158,6

0623

,44,17

963

2,48,7

201,3

754,6

1,298

187

53,85

824

1,938

379

2,649

1,978

10,88

,513

461

55,72

111

82,2

2,013

483

1,220

,473

104

1,57,3

9131

78,50

49,8

704,0

2,238

23,67

963

,37,49

5N

ov-15

8,662

23,08

,769

632,4

5,225

1,379

4,60,0

5818

854

,640

241,9

6239

02,7

051,9

6811

,05,40

845

856

,835

116

2,36,8

9248

41,2

23,03

410

41,6

0,147

3178

,543

10,77

24,0

6,286

24,63

963

,40,50

4

No

tes:

1.

W

ith

th

e c

om

men

cem

en

t o

f F

PI

Reg

ime f

rom

Ju

ne 1

, 2014

, th

e e

rstw

hil

e F

IIs,

Su

b A

cco

un

ts a

nd

QF

Is a

re m

erg

ed

in

to a

new

in

vest

or

cla

ss t

erm

ed

as

“F

ore

ign

P

ort

foli

o I

nve

sto

rs (

FP

Is)”

.

2.

“O

thers

” i

nclu

de P

ort

foli

o m

an

ag

er,

part

ners

hip

fir

m,

tru

sts,

dep

osi

tory

receip

ts,

AIF

s, F

CC

B,

HU

Fs,

Bro

kers

etc

.$ i

nd

icate

s as

on

No

vem

ber

30,

2015

.S

ou

rce:

Cu

sto

dia

ns.

Tab

le 6

4:

Tre

nd

s in

Reso

urc

e M

ob

iliz

ati

on

by M

utu

al

Fu

nd

s

(` c

rore

)

Year/

Mo

nth

Gro

ss M

ob

ilis

ati

on

Red

em

pti

on

Net

Infl

ow

/O

utf

low

Ass

ets

at

the

En

d o

f P

eri

od

Pvt.

Secto

rP

ub

lic S

ecto

rT

ota

lP

vt.

Secto

rP

ub

lic S

ecto

rT

ota

lP

vt.

Secto

rP

ub

lic S

ecto

rT

ota

l

2014

-15

91,

43,9

62

19,4

2,2

97

1,10

,86,2

60

90,4

0,2

62

19,4

2,7

101,

09,8

2,9

72

1,03,7

00

-413

1,03,2

88

10,8

2,7

57

2015

-16$

71,

59,3

04

15,7

4,0

99

87,3

3,4

03

70,2

1,16

515

,27,9

74

85,4

9,1

39

1,38,1

38

46,1

24

1,84,2

63

12,9

5,1

31

Apr

-15

8,66

,379

1,87

,845

10,5

4,22

57,

79,3

471,

64,3

099,

43,6

5687

,032

23,5

361,

10,5

6811

,86,

364

May

-15

8,71

,462

1,80

,111

10,5

1,57

38,

78,0

501,

73,2

7910

,51,

329

-6,5

886,

832

244

12,0

3,54

7Ju

n-15

10,9

1,86

72,

16,9

6713

,08,

834

11,0

6,55

52,

27,3

6513

,33,

920

-14,

688

-10,

398

-25,

086

11,7

3,29

4Ju

l-15

11,8

5,64

12,

17,8

6614

,03,

507

10,8

8,32

61,

96,1

2112

,84,

447

97,3

1521

,745

1,19

,060

13,1

7,26

7A

ug-1

59,

13,5

371,

86,6

8911

,00,

226

9,51

,153

1,95

,823

11,4

6,97

6-3

7,61

6-9

,134

-46,

750

12,5

5,50

6Se

p-15

8,13

,316

2,03

,831

10,1

7,14

78,

77,8

332,

16,4

5510

,94,

289

-64,

518

-12,

624

-77,

142

11,8

7,31

3O

ct-1

57,

81,3

442,

15,0

639,

96,4

076,

83,1

031,

78,7

408,

61,8

4298

,241

36,3

231,

34,5

6513

,24,

165

Nov

-15

6,35

,757

1,65

,727

8,01

,484

6,56

,798

1,75

,882

8,32

,680

-21,

041

-10,

155

-31,

196

12,9

5,13

1

$ i

nd

icate

s as

on

No

vem

ber

30,

2015

.

So

urc

e:

SE

BI.

Tab

le 6

5:

Typ

e-w

ise R

eso

urc

e M

ob

ilis

ati

on

by M

utu

al

Fu

nd

s: O

pen

-en

ded

an

d C

lose

-en

ded

(` c

rore

)

Sch

em

e2014

-15

2015

-16$

No

v-1

5A

ssets

at

the e

nd

of p

eri

od

Sale

Pu

rch

ase

Net

Sale

Pu

rch

ase

Net

Sale

Pu

rch

ase

Net

Ope

n-en

ded

1,08

,70,

940

1,10

,26,

222

1,55

,282

85,0

6,82

087

,12,

957

2,06

,137

8,32

,166

8,00

,194

-31,

972

11,3

9,21

6C

lose

-end

ed1,

05,0

7557

,545

-47,

529

40,6

9420

,261

-20,

432

465

1,28

782

21,

48,6

28In

terv

al6,

958

2,49

3-4

,465

1,62

618

4-1

,442

493

-46

7,28

7T

ota

l1,

09,8

2,9

72

1,10

,86,2

60

1,03,2

88

85,4

9,1

39

87,3

3,4

02

1,84,2

63

8,3

2,6

80

8,0

1,484

-31,

196

12,9

5,1

31

$ i

nd

icate

s as

on

No

vem

ber

30,

2015

.

So

urc

e:

SE

BI.

1216


ab

le 6

6:

Sch

em

e-w

ise R

eso

urc

e M

ob

ilis

ati

on

an

d A

ssets

un

der

Man

ag

em

en

t b

y M

utu

al

Fu

nd

s

(` c

rore

)

Typ

e

2014

-15

2015

-16$

No

v-1

5

Sale

Pu

rch

ase

Net

Ass

ets

at

the e

nd

of

Peri

od

Sale

Pu

rch

ase

Net

Ass

ets

at

the e

nd

of

Peri

od

Sale

Pu

rch

ase

Net

A.

In

co

me/

Deb

t O

rien

ted

Sch

em

es

(i

+ii

+ii

i+iv

)1,

08,8

9,5

32

1,09,1

2,0

88

22,5

56

6,9

4,1

28

84,8

7,2

00

85,8

9,1

06

1,01,

906

8,3

4,7

89

8,2

5,3

05

7,8

5,6

41

-39,6

63

i.

Liq

uid/

Mon

ey M

arke

t1,

03,9

5,48

41,

04,0

5,26

59,

781

1,62

,562

81,6

6,97

482

,25,

454

58,4

802,

36,4

857,

93,6

477,

51,5

88-4

2,05

9

ii. G

ilt5,

421

13,1

337,

711

14,6

145,

277

7,90

02,

624

17,6

9975

567

5-8

0

iii.

Deb

t (ot

her

than

ass

ured

ret

urn)

4,88

,627

4,93

,502

4,87

65,

15,7

723,

14,9

503,

55,5

2240

,573

5,79

,118

30,9

0333

,378

2,47

5

iv.

Deb

t (as

sure

d re

turn

)0

00

00

00

00

00

v.

Inf

rast

ruct

ure

Dev

elop

men

t0

188

188

1,17

90

230

230

1,48

60

00

B.

Gro

wth

/E

qu

ity O

rien

ted

Sch

em

es

(i+

ii)

77,1

42

1,48,1

71

71,

030

3,4

5,1

39

50,3

79

1,16

,692

66,3

134,0

2,6

72

5,9

32

12,3

106,3

78

i.

ELS

S5,

434

8,34

32,

908

39,4

702,

372

4,73

92,

367

40,6

0325

155

730

6

ii. O

ther

s71

,708

1,39

,829

68,1

213,

05,6

6948

,007

1,11

,953

63,9

463,

62,0

695,

682

11,7

546,

072

C.

Bala

nced

Sch

em

es

5,5

91

15,4

179,8

26

26,3

68

3,3

00

16,6

33

13,3

33

38,5

59

337

1,329

992

D.

Exch

an

ge T

rad

ed

Fu

nd

(i+

ii)

9,1

98

9,9

74

776

14,7

157,7

32

10,7

65

3,0

33

17,0

27

1,038

2,1

81

1,14

3

i.

Gol

d ET

F1,

593

118

-1,4

756,

655

551

22-5

295,

830

432

-40

ii.

Oth

er E

TFs

7,60

59,

856

2,25

18,

060

7,18

110

,742

3,56

211

,197

995

2,17

91,

184

E.

Fu

nd

of F

un

ds

Inve

stin

g O

vers

eas

1,509

609

-900

2,4

08

528

206

-322

2,0

85

67

22

-45

T

ota

l (A

+B

+C

+D

+E

)1,

09,8

2,9

72

1,10

,86,2

60

1,03,2

88

10,8

2,7

57

85,4

9,1

39

87,3

3,4

02

1,84,2

63

12,9

5,1

31

8,3

2,6

80

8,0

1,484

-31,

196

$ i

nd

icate

s as

on

No

vem

ber

30,

2015

.

So

urc

e:

SE

BI.

Tab

le 6

7:

Nu

mb

er

of S

ch

em

es

an

d F

oli

os

by I

nve

stm

en

t O

bje

cti

ve

Typ

e

2014

-15

2015

-16$

No

. o

f S

ch

em

es

No

. o

f F

oli

os

No

. o

f S

ch

em

es

No

. o

f F

oli

os

Op

en

Clo

sed

Inte

rval

To

tal

Op

en

Clo

sed

Inte

rval

To

tal

Op

en

Clo

sed

Inte

rval

To

tal

Op

en

Clo

sed

Inte

rval

To

tal

A.

In

co

me/

Deb

t O

rien

ted

Sch

em

es

(i

+ii

+ii

i+iv

)364

910

72

1,346

62,1

7,1

46

9,8

0,0

59

14,9

82

72,1

2,1

87

373

1,16

184

1,618

67,3

1,026

10,0

0,8

68

12,2

60

77,4

4,1

54

i.

Liq

uid/

Mon

ey M

arke

t52

00

523,

11,6

440

03,

11,6

4454

00

5434

7633

00

3476

33

ii. G

ilt45

00

4565

,225

00

65,2

2548

00

4869

729

00

6972

9

iii. D

ebt (

othe

r th

an a

ssur

ed r

etur

n)26

790

672

1,24

558

,40,

277

9,80

,030

14,9

8268

,35,

289

271

1154

8415

0963

1366

410

0082

012

260

7326

744

iv

. Deb

t (as

sure

d re

turn

)0

00

00

00

00

00

00

00

0

v. I

nfra

stru

ctur

e D

evel

opm

ent

04

04

029

029

07

07

048

048

B.

Gro

wth

/E

qu

ity O

rien

ted

S

ch

em

es

(i+

ii)

342

92

0434

3,0

2,3

3,4

44

14,5

8,1

75

03,1

6,9

1,619

350

113

0463

3,2

8,4

7,2

42

15,2

0,4

31

03,4

3,6

7,6

73

i.

ELS

S39

160

5558

,54,

422

6,37

,858

064

,92,

280

3916

055

61,6

3,61

26,

12,1

400

67,7

5,75

2

ii. O

ther

s30

376

037

92,

43,7

9,02

28,

20,3

170

2,51

,99,

339

311

970

408

2,66

,83,

630

9,08

,291

02,

75,9

1,92

1C

. B

ala

nced

Sch

em

es

25

00

25

19,9

0,5

160

019

,90,5

1626

00

26

22,8

4,3

07

00

22,8

4,3

07

D.

Exch

an

ge T

rad

ed

Fu

nd

(i+

ii)

48

00

48

6,9

9,7

29

00

6,9

9,7

29

53

00

53

7,0

8,7

00

00

7,0

8,7

00

i.

Gol

d ET

F14

00

144,

65,7

650

04,

65,7

6513

00

134,

53,6

300

04,

53,6

30

ii. O

ther

ET

Fs34

00

342,

33,9

640

02,

33,9

6440

00

402,

55,0

700

02,

55,0

70E

. F

un

d o

f F

un

ds

Inve

stin

g O

vers

eas

31

00

31

1,46,1

55

00

1,46,1

55

31

00

31

1,32,6

110

01,

32,6

11

To

tal

(A+

B+

C+

D+

E)

810

1,002

72

1,884

3,9

2,8

6,9

90

24,3

8,2

34

14,9

82

4,1

7,4

0,2

06

833

1,274

84

2,1

91

4,2

7,0

3,8

86

25,2

1,299

12,2

60

4,5

2,3

7,4

45

No

te:

Data

fo

r N

o.

of S

ch

em

es

als

o i

nclu

des

seri

al

pla

ns.

$ i

nd

icate

s as

on

No

vem

ber

30,

2015

.S

ou

rce:

SE

BI.

1217


Table 68: Trends in Transactions on Stock Exchanges by Mutual Funds

(` crore)

Year/ Month

Equity Debt Total

Gross

Purchase

Gross

Sales

Net

Purchase/

Sales

Gross

Purchase

Gross

Sales

Net

Purchase/

Sales

Gross

Purchase

Gross

Sales

Net

Purchase/

Sales

2014-15 2,31,409 1,90,687 40,722 17,17,155 11,30,138 5,87,018 19,48,565 13,20,825 6,27,741

2015-16$ 1,89,443 1,30,919 58,525 9,21,461 7,00,529 2,20,933 11,10,903 8,31,447 2,79,458

Apr-15 24,367 15,123 9,244 1,41,787 1,19,137 22,650 1,66,154 1,34,261 31,894

May-15 21,701 17,524 4,177 1,04,974 87,586 17,389 1,26,675 1,05,110 21,566

Jun-15 25,608 15,283 10,326 1,46,832 92,177 54,655 1,72,440 1,07,460 64,980

Jul-15 23,108 17,666 5,442 1,06,552 77,058 29,494 1,29,659 94,724 34,936

Aug-15 28,256 17,723 10,533 1,18,362 94,100 24,262 1,46,618 1,11,823 34,795

Sep-15 23,398 14,078 9,320 1,14,333 97,699 16,634 1,37,732 1,11,777 25,955

Oct-15 21,691 18,756 2,935 93,852 68,842 25,011 1,15,544 87,598 27,947

Nov-15 21,314 14,766 6,548 94,768 63,929 30,839 1,16,082 78,695 37,387


Source: SEBI

Table 69: Asset Under Management by Portfolio Manager

Year/Month 2014-15 Oct-15 Nov-15

Particulars DiscretionaryNon-

DiscretionaryAdvisory Discretionary

Non-

DiscretionaryAdvisory Discretionary

Non-

DiscretionaryAdvisory

No. of Clients 40,558 3,297 2,851 49,812 3,502 2,272 50,890 3,570 2,279

AUM

(` in crore)

Listed Equity 40,829 8,651

180,124

45,492 9,687

1,76,210

46,915 9,947

1,85,780*

Unlisted Equity 1,129 42 1,113 56 1,018 42

Plain Debt 6,27,716 33,730 6,87,977 39,026 6,96,267 39,694

Structured Debt 137 500 77 427 77 410

Equity Derivative 153 -4 186 -2 192 -3

Mutual Fund 5,866 4,901 6,138 5,190 6,205 5,284

Others 23,473 136 19,008 308 18,683 261

Total 6,99,304 47,957 7,59,991 54,692 7,69,357# 55,637

Total of all Services 9,27,385 9,94,588 10,10,774

Notes: 1. *Value of Assets for which Advisory Services are being given.

2. #Of the above AUM `6,86,128 crore is contributed by funds from EPFO/PFs.

3. The above data is based on the monthly reports received from portfolio managers


Source: SEBI.

1218


ab

le 7

0:

Pro

gre

ss R

ep

ort

of N

SD

L &

CD

Sl

as

on

En

d o

f N

ove

mb

er

2015

(L

iste

d C

om

pan

ies)

Para

mete

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nit

NS

DL

CD

SL

No

v-1

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ct-

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ov-1

4

%C

hang

e du

ring

the

year

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hang

e du

ring

the

mon

th

No

v-1

5O

ct-

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4

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hang

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ring

the

year

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hang

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ring

the

mon

th

Num

ber

of c

ompa

nies

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shar

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vaila

ble

for

dem

ater

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1

Num

ber

of D

epos

itory

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ticip

ants

(r

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)N

umbe

r27

126

927

3-0

.70.

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857

40.

5-0

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Num

ber

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tock

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es

(con

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44

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80.

00.

0

Num

ber

of In

vest

ors A

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8

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ntity

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3

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ntity

of S

ecur

ities

dem

ater

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ed #

cror

e44

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2

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uriti

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Qua

ntity

of s

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tled

duri

ng th

e m

onth

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367

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600

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rage

Qua

ntity

of s

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daily

(q

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ity o

f sha

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ettle

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ring

the

mon

th (d

ivid

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y 30

))cr

ore

2223

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rage

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ily

(val

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0

The

rat

io o

f dem

ater

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quity

sh

ares

to th

e to

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(m

arke

t val

ue)

perc

ent

85.1

85.2

84.1

0.8

-0.9

13.0

13.1

13.8

-5.4

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No

tes:

1.

S

hare

s in

clu

des

on

ly e

qu

ity s

hare

s.

2.

S

ecu

riti

es

inclu

de c

om

mo

n e

qu

ity s

hare

s, p

refe

ren

ce s

hare

s, d

eben

ture

, M

F u

nit

s, e

tc.

3.

N

o.

of d

ays

tak

en

fo

r calc

ula

tin

g D

ail

y A

vera

ge i

s 30 d

ays

inst

ead

of A

ctu

al

sett

lem

en

t d

ays.

4.

Q

uan

tity

an

d v

alu

e o

f s

hare

s m

en

tio

ned

are

sin

gle

sid

ed

. 5.

#S

ou

rce f

or

list

ed

secu

riti

es

info

rmati

on

: Is

suer/

NS

E/

BS

E.

So

urc

e:

NS

DL

an

d C

DS

L.

1219


Table 71: Progress of Dematerialisation at NSDL and CDSL (Listed and Unlisted Companies)

Year/

Month

NSDL CDSL

Companies

Live

DPs

Live

DPs

Locations

Demat

Quantity

(million securities)

Demat Value

(` crore)

Companies

Live

DPs

Live

DPs

Locations

Demat

Quantity

(million securities)

Demat Value

(` crore)

2014-15 13,992 273 15,960 9,27,357 1,17,48,315 9,399 574 11,877 2,06,012 13,94,264

2015-16$ 15,003 271 19,166 1,02,32,118 1,17,50,473 9,772 577 16,156 2,19,989 13,74,782

Apr-15 14,200 273 16,849 9,37,777 1,15,19,700 9,452 574 11,944 2,08,782 13,94,833

May-15 14,319 273 16,900 9,53,758 1,18,12,484 9,503 574 12,050 2,09,355 14,61,124

Jun-15 14,449 271 17,137 9,63,076 1,17,04,162 9,549 573 12,183 2,11,178 14,21,673

Jul-15 14,571 270 17,265 9,74,878 1,19,82,064 9,608 574 12,278 2,12,725 14,44,187

Aug-15 14,687 269 17,640 9,86,539 1,15,22,199 9,663 576 12,456 2,14,333 13,32,854

Sep-15 14,809 270 17,711 9,95,870 1,15,06,522 9,714 578 12,561 2,17,269 13,19,167

Oct-15 14,913 269 18,460 1,10,17,201 1,16,84,461 9,742 578 16,116 2,19,295 13,69,155

Nov-15 15,003 271 19,166 1,02,32,118 1,17,50,473 9,772 577 16,156 2,19,989 13,74,782

Notes : 1. For CDSL, the current and historical data of Companies Live has been revised to exclude MF schemes count.

2. The Companies Live figure includes only the number of mutual fund companies and not the mutual fund schemes.

3. DPs Locations’ represents the total live (main DPs and branch DPs as well as non-live (back office connected collection

centres).


Source: NSDL and CDSL.

Table 72: Depository Statistics for November 2015

Particulars UnitDebt Equity Others Total

Listed Unlisted Listed Unlisted Listed Unlisted Listed Unlisted

NSDL

Issuers(debt)/ Companies(equity), who have issued

the active instumentNumber 671 811 6,093 6,855 55 2,714 6,819 10,380

Active Instruments Number 10,219 3,875 12,197 7,305 6,553 24,520 28,969 35,700

Dematerialised Quantity Lakh 97,496 1,73,009 40,63,798 46,96,412 2,61,325 9,40,077 44,22,619 58,09,498

Dematerialised Value ` crore 17,18,894 2,05,725 84,81,749 4,43,718 33,934 8,66,453 1,02,34,576 15,15,896

Quantity settled during the month Lakh 342 2 65,323 0 12,905 300 78,570 302

Value Settled during the month `crore 1,58,451 8,805 1,38,338 0 1,185 51 2,97,973 8,855

CDSL

Issuers(debt)/ Companies(equity), who have issued

the active instumentNumber 499 224 6,321 2,079 2,682 353 9,502 2,656

Active Instruments Number 19,818 4,248 8,603 2,521 36,231 5,520 64,652 12,289

Dematerialised Quantity Lakh 1,745 15,692 12,20,325 7,79,998 48,748 1,33,382 12,70,818 9,29,072

Dematerialised Value ` crore 37,713 18,475 12,30,011 59,982 13,245 15,357 12,80,969 93,813

Quantity settled during the month Lakh 0 0 448 0 24 0 472 0

Value Settled during the month ` crore 402 0 38,718 0 1,365 0 40,485 0

Note: The categories included in Others are Preference Shares, Mutual Fund Units, Warrants, PTCs, Treasury Bills, CPs, CDs and

Government Securities.

Source: NSDL and CDSL.

1220


Table 73: National Commoditiy Exchanges - Permitted Commodities

Exchanges AgricultureMetals other than

bullionBullion Energy

NCDEX

No. of Permitted Commodities 21 2 2 1

No. of Commodities in which contracts have been floated 21 2 2 1MCX


No. of Commodities in which contracts have been floated 6 5 2 2NMCE


No. of Commodities in which contracts have been floated 13 0 0 0Regional Exchanges


No. of Commodities in which contracts have been floated 2 0 0 0

Note: 1. In Regional Exchanges, data pertaining to Rajkot Commodity Exchange and The Chamber of Commerce, Hapur is considered.

Source: Exchanges

Table 74: Trends in MCXCOMDEX of MCX

Year/ MonthMCXCOMDEX

Open High Low Close

2014-15 3,925 4,046 2,775 2,915

2015-16$ 2,915 3,290 2,570 2,651

Apr-15 2,915 3,208 2,898 3,190

May-15 3,190 3,290 3,124 3,182

Jun-15 3,182 3,209 3,077 3,095

Jun-15 3,095 3,095 2,771 2,778

Aug-15 2,778 2,881 2,641 2,872

Sep-15 2,872 2,880 2,772 2,792

Oct-15 2,792 2,918 2,768 2,808

Nov-15 2,808 2,821 2,570 2,651

$ indicates as on Nov 30, 2015

Source: MCX

Table 75: Trends in Dhaanya of NCDEX

Year/ MonthDhaanya

Open High Low Close

2014-15 2,604 2,785 2,379 2,479

2015-16$ 2,481 3,043 2,479 2,869

Apr-15 2,481 2,811 2,479 2,740May-15 2,741 2,904 2,739 2,871Jun-15 2,871 2,916 2,597 2,671Jun-15 2,674 2,770 2,664 2,693Aug-15 2,692 2,790 2,606 2,784Sep-15 2,784 2,853 2,677 2,765Oct-15 2,763 3,043 2,763 2,907Nov-15 2,907 2,959 2,827 2,869


Source: NCDEX

1221


Table 76: Daily trends in MCXCOMDEX during November 2015

DateMCXCOMDEX

Open High Low Close

2-Nov-15 2,808 2,810 2,791 2,7953-Nov-15 2,795 2,813 2,792 2,8104-Nov-15 2,810 2,821 2,775 2,7785-Nov-15 2,778 2,785 2,766 2,7776-Nov-15 2,777 2,777 2,743 2,7489-Nov-15 2,748 2,768 2,734 2,73610-Nov-15 2,736 2,736 2,713 2,73011-Nov-15 2,730 2,730 2,707 2,71112-Nov-15 2,711 2,711 2,664 2,66813-Nov-15 2,668 2,677 2,647 2,65016-Nov-15 2,650 2,673 2,623 2,64017-Nov-15 2,640 2,646 2,615 2,61818-Nov-15 2,618 2,637 2,601 2,60719-Nov-15 2,607 2,620 2,596 2,60920-Nov-15 2,620 2,640 2,598 2,61223-Nov-15 2,622 2,622 2,570 2,60624-Nov-15 2,617 2,656 2,612 2,65225-Nov-15 2,663 2,663 2,636 2,65726-Nov-15 2,668 2,705 2,668 2,69027-Nov-15 2,690 2,690 2,660 2,66130-Nov-15 2,661 2,665 2,647 2,651

Source: MCX

Table 77: Daily trends in Dhaanya during November 2015

DateDhaanya

Open High Low Close

2-Nov-15 2,907 2,915 2,873 2,8783-Nov-15 2,876 2,923 2,875 2,9204-Nov-15 2,921 2,941 2,920 2,9235-Nov-15 2,921 2,956 2,900 2,9416-Nov-15 2,941 2,959 2,935 2,9359-Nov-15 2,936 2,936 2,890 2,89110-Nov-15 2,898 2,910 2,891 2,90411-Nov-15 2,911 2,919 2,904 2,91512-Nov-15 2,920 2,924 2,912 2,91413-Nov-15 2,918 2,920 2,869 2,87116-Nov-15 2,877 2,951 2,876 2,93617-Nov-15 2,936 2,958 2,922 2,92518-Nov-15 2,925 2,945 2,919 2,93519-Nov-15 2,933 2,942 2,928 2,93720-Nov-15 2,935 2,937 2,902 2,90823-Nov-15 2,906 2,913 2,859 2,86324-Nov-15 2,865 2,872 2,827 2,83825-Nov-15 2,836 2,840 2,833 2,83526-Nov-15 2,837 2,880 2,837 2,86927-Nov-15 2,868 2,884 2,855 2,86430-Nov-15 2,868 2,887 2,862 2,869

Source: NCDEX

1222


ab

le 7

8:

Tre

nd

s in

Co

mm

od

ity F

utu

res

at

MC

X

Yea

r/

Mon

th

No.

of

Tra

ding

da

ys

Agr

icul

ture

Met

als

Bul

lion

Ene

rgy

Tot

alO

pen

inte

rest

at t

he e

nd

of th

e m

onth

Vol

ume

('00

0 to

nnes

)

Vol

ume

(L

ots)

Tur

nove

r (`

cro

re)

Vol

ume

('00

0 to

nnes

)

Vol

ume

(Lot

s)T

urno

ver

(` c

rore

)

Vol

ume

('00

0 to

nnes

)

Vol

ume

(Lot

s)T

urno

ver

(` c

rore

)

Vol

ume

('00

0 to

nnes

)*

Vol

ume

(Lot

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ver

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)

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ver

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Ope

n In

tere

st

('00

0 to

nnes

)

Ope

n In

tere

st

(Lot

s)

Val

ue

(` c

rore

)

2014

-15

255

13,5

0433

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516

1,10

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62,0

834,

73,5

2,03

712

,74,

213

240

4,62

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585

21,5

3,42

74,

04,5

565,

15,5

7,80

416

,45,

799

4,80

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14,8

5,75

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51,8

3,70

756

13,

11,1

438,

715

2015

-16$

172

8,29

422

,65,

651

79,4

3258

,397

4,29

,69,

377

10,3

0,10

316

32,

84,3

8,17

313

,28,

414

4,65

,720

7,09

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847

12,7

2,75

75,

32,5

7314

,46,

05,0

4837

,10,

706

779

4,09

,857

9,51

4

Apr-1

5 21

1,02

7 34

5,568

12,18

5 5,

632

4,53

3,552

115,1

00 21

3,55

7,038

158,2

91 56

,247

8,03

2,678

159,4

82 62

,927

16,46

8,836

445,0

58 58

4 31

7,263

9,84

5M

ay-15

21 1,

041

291,8

48 10

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6,05

7 4,

453,3

00 11

9,948

20 3,

451,2

47 16

4,589

50,38

0 7,

137,7

85 16

2,674

57,49

8 15

,334,1

80 45

7,552

507

305,8

65 9,

429

Jun-

15 22

986

371,2

47 13

,713

6,77

5 5,

068,3

72 12

6,373

21 3,

333,5

52 15

5,803

47,63

0 7,

615,7

73 15

9,378

55,41

2 16

,388,9

44 45

5,267

524

391,4

55 10

,893

Jul-1

5 23

831

268,3

79 9,

412

8,17

9 6,

275,9

28 14

8,937

21 3,

697,5

29 17

8,924

58,66

8 8,

927,9

50 16

4,472

67,69

9 19

,169,7

86 50

1,744

665

401,2

58 10

,328

Aug-1

5 21

1,16

0 27

5,023

9,24

0 8,

171

5,92

0,453

138,6

86 24

4,11

2,385

192,3

01 67

,696

9,90

9,995

158,0

07 77

,051

20,21

7,856

498,2

33 57

8 30

4,923

8,49

6Se

p-15

22 1,

201

251,4

41 8,

551

8,03

2 5,

808,5

08 13

5,429

20 3,

657,2

02 17

1,118

67,64

4 10

,372,5

51 16

7,417

76,89

7 20

,089,7

02 48

2,515

576

378,8

22 9,

385

Oct-

15 21

1,21

9 26

1,209

9,19

1 8,

025

5,52

1,156

128,3

15 21

3,74

8,426

170,6

88 61

,054

10,00

2,914

160,4

69 70

,319

19,53

3,705

468,6

63 70

8 37

3,615

9,59

6N

ov-15

21 82

8 20

0,936

6,80

0 7,

524

5,38

8,108

117,3

15 16

2,88

0,794

136,7

00 56

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8,93

2,201

140,8

59 64

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17,40

2,039

401,6

74 77

9 40

9,857

9,51

4

No

tes:

1.

Th

e f

oll

ow

ing

co

mm

od

itie

s are

co

nsi

dere

d i

n e

ach

cate

go

ry:

Ag

ricu

ltu

re:

Card

am

om

, C

ott

on

, C

rud

e P

alm

Oil

, G

uars

eed

, G

uarg

um

, K

ap

as,

Kap

as

Kh

all

i, M

en

tha

Oil

, P

ota

to;

Meta

ls:

Alu

min

ium

, C

op

per,

Lead

, N

ick

el,

Zin

c a

nd

th

eir

vari

an

ts;

Bu

llio

n:

Go

ld,

Sil

ver

an

d t

heir

vari

an

ts;

En

erg

y:

Bre

nt

Cru

de O

il,

Cru

de O

il,

Cru

de

Oil

Min

i, N

atu

ral

Gas.

2.

*N

atu

ral

Gas

volu

mes

are

in

mm

BT

U a

nd

is

no

t in

clu

ded

fo

r co

mp

uti

ng

th

e T

ota

l V

olu

me a

nd

To

tal

Op

en

In

tere

st i

n ‘000 t

on

nes

$ i

nd

icate

s as

on

No

v 3

0,

2015

So

urc

e:

MC

X

Tab

le 7

9:

Tre

nd

s in

Co

mm

od

ity F

utu

res

at

NC

DE

X

Year/

Mo

nth

No

. o

f

Tra

din

g

days

Ag

ricu

ltu

reM

eta

lsB

ull

ion

En

erg

yT

ota

l

Op

en

in

tere

st

at

the e

nd

of

the m

on

th

Vo

lum

e

('000

ton

nes)

No

of

co

ntr

acts

Tu

rno

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Valu

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re)

2014

-15

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96,7

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32,7

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68

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97

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2015

-16$

172

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75

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77

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00

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Apr

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May

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21

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00

00.

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Oct

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No

tes:

1.

T

he f

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co

mm

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s are

co

nsi

dere

d i

n e

ach

cate

go

ry:

Ag

ricu

ltu

re:

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a,

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ey,

Cast

orS

eed

, C

han

a,

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tto

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tto

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ed

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alm

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, G

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, G

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ur,

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eat,

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e;

Meta

ls:

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el;

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llio

n:

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ld,

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ver;

En

erg

y:

Bre

nt

Cru

de O

il,

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de O

il.

$ i

nd

icate

s as

on

No

v 3

0,

2015

So

urc

e:

NC

DE

X

1223


ab

le 8

0:

Tre

nd

s in

Co

mm

od

ity F

utu

res

at

NM

CE

Year/

Mo

nth

No

.of T

rad

ing

days

Ag

ricu

ltu

reO

pen

in

tere

st a

t th

e e

nd

of t

he m

on

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Vo

lum

e (

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ts)

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rno

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(` c

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pen

In

tere

st (

Lo

ts)

Valu

e (

` cro

re)

2014

-15

246

15,7

6,6

54

36,0

40

3,0

72

46

2015

-16$

163

5,7

2,8

79

21,

014

1,806

26

Apr

-15

19

106

,579

2,5

84 2

,869

45

May

-15

19

73,

580

2,5

94 2

,992

49

Jun-

15 2

2 9

5,55

5 3

,728

2,6

97 4

8Ju

l-15

23

88,

368

3,6

07 1

,801

31

Aug

-15

21

64,

576

2,6

58 1

,920

31

Sep-

15 2

0 5

8,59

9 2

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2,0

68 3

1O

ct-1

5 2

0 4

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06 2

6

$ i

nd

icate

s as

on

No

v 3

0,

2015

So

urc

e:

NM

CE

Tab

le 8

1: D

ail

y t

ren

ds

of C

om

mo

dit

y F

utu

res

Tra

din

g a

t M

CX

du

rin

g N

ove

mb

er

2015

Date

Ag

ricu

ltu

reM

eta

lsB

ull

ion

En

erg

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ota

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pen

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st a

t th

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ts)

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ver

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e

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lum

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(Lo

ts)

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Vo

lum

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Tu

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lum

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ver

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Vo

lum

e

('000

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nes)

Vo

lum

e

(Lo

ts)

Tu

rno

ver

(` c

rore

)

2-N

ov-1

5 3

5 8

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288

266

1,83

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4,2

44 0

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29,6

145,

897

2,60

94,

37,2

02 6

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2,9

117,

58,8

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7,28

6 6

713,

53,4

15 9

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3-N

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5 7

6 1

3,23

2 4

64 2

992,

24,0

63 5

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0.8

1,55

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9,28

52,

967

4,91

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8,0

19 3

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8,84

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22,

806

684

3,69

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814-N

ov-1

5 7

2 1

4,33

6 4

90 3

432,

53,0

20 5

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0.8

1,49

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7,41

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5,52

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9,68

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22,

589

668

3,78

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445-N

ov-1

5 5

0 1

0,93

3 3

60 3

632,

82,3

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229

4,03

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6,5

92 2

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20,

407

679

3,98

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10,

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6-N

ov-1

5 4

4 8

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303

399

2,67

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6,1

98 0

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48,5

138,

178

2,43

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06,6

70 6

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31,0

25 2

1,41

5 7

174,

13,4

29 1

0,02

29-N

ov-1

5 3

2 8

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250

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3,9

62 0

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19,6

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85 1

6,01

3 7

314,

20,2

26 9

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10-N

ov-1

5 2

6 7

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259

362

2,44

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5,6

21 0

.81,

34,9

525,

753

2,30

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67,0

40 5

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54,2

56 1

7,60

3 7

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v-1

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282

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4,41

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12-N

ov-1

5 8

1,2

43 4

9 2

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48,3

20 3

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1,10

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213

3,27

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5,3

23 2

,426

5,87

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13,

822

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4,50

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378

13-N

ov-1

5 2

6 7

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230

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1,59

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20,6

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5,20

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994,

55,4

57 1

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616

-No

v-1

5 4

2 7

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325

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-No

v-1

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1,82

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4,53

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448

18-N

ov-1

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6 8

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378

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4,97

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9,54

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21,

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850

4,59

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252

20-N

ov-1

5 3

7 1

5,55

9 5

11 6

574,

17,8

84 9

,333

0.9

1,61

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7,47

32,

480

4,09

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6,4

36 3

,176

10,0

5,13

9 2

3,75

3 6

804,

28,0

92 1

0,19

123-N

ov-1

5 3

7 1

2,26

8 4

00 4

243,

13,7

14 6

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0.9

1,74

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7,23

24,

126

6,20

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9,6

97 4

,588

11,2

1,05

4 2

3,66

0 6

794,

17,3

98 9

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24-N

ov-1

5 3

5 1

2,67

5 4

14 5

223,

86,8

79 7

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0.8

1,45

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6,41

93,

339

5,14

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8,0

72 3

,897

10,5

9,42

5 2

2,82

0 6

633,

89,4

02 9

,494

25-N

ov-1

5 1

6 2

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79

229

1,79

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3,5

90 0

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3,79

92,

252

3,48

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5,5

12 2

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6,18

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12,

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677

3,90

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9,5

7526-N

ov-1

5 5

6 1

2,16

3 4

09 4

933,

55,1

35 7

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0.7

1,26

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5,04

02,

124

3,17

,251

5,0

27 2

,674

8,11

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18,

136

732

3,84

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9,4

7927-N

ov-1

5 5

4 1

2,69

3 4

29 4

793,

50,2

63 7

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1.0

1,79

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8,72

22,

231

3,32

,092

5,2

47 2

,765

8,74

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21,

892

738

3,99

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9,8

9130-N

ov-1

5 5

8 1

1,95

8 4

36 4

673,

55,1

08 7

,513

1.1

2,01

,212

8,71

72,

772

4,19

,176

6,5

14 3

,298

9,87

,454

23,

180

779

4,09

,857

9,5

14

So

urc

e:

MC

X

1224


ab

le 8

2:

Dail

y t

ren

ds

of C

om

mo

dit

y F

utu

res

Tra

din

g a

t N

CD

EX

du

rin

g N

ove

mb

er

2015

Date

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ricu

ltu

reM

eta

lsB

ull

ion

En

erg

yT

ota

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st a

t th

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th

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lum

e

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ton

nes)

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lum

e

(Lo

ts)

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rno

ver

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rore

)

Vo

lum

e

('000

ton

nes)

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lum

e

(Lo

ts)

Tu

rno

ver

(` c

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)

Vo

lum

e

('000

ton

nes)

Vo

lum

e

(Lo

ts)

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ver

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)

Vo

lum

e

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nes)

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lum

e

(Lo

ts)

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2-N

ov-1

5 8

73 1

18,0

13 4

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0.0

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0.0

154

39 0

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0 8

731,

18,1

67 4

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1,6

512,

35,4

957,

586

3-N

ov-1

5 1

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138

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5,0

69 0

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501

367

0.0

0 0

1,0

801,

40,4

28 5

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1,6

592,

37,0

047,

828

4-N

ov-1

5 9

64 1

27,9

77 4

,575

0.0

0 0

0.0

873

212

0.0

0 0

964

1,28

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4,7

88 1

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2,37

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7,90

1

5-N

ov-1

5 9

25 1

17,4

24 4

,376

0.0

0 0

0.0

441

107

0.0

0 0

925

1,17

,865

4,4

83 1

,650

2,35

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7,83

2

6-N

ov-1

5 8

73 1

13,0

19 4

,110

0.0

0 0

0.0

505

122

0.0

0 0

873

1,13

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4,2

32 1

,662

2,37

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7,87

4

9-N

ov-1

5 1

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145

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4,7

56 0

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152

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45,8

59 4

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920

10-N

ov-1

5 7

94 1

17,4

89 3

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0.0

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276

67 0

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941,

17,7

65 3

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841

11-N

ov-1

5 2

01 2

9,72

2 9

78 0

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125

0.0

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29,8

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12-N

ov-1

5 3

5 6

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167

0.0

0 0

0.0

250

59 0

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56,

741

227

1,6

772,

36,4

857,

882

13-N

ov-1

5 8

67 1

21,2

91 3

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0.0

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121

29 0

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0 8

671,

21,4

12 3

,981

1,6

382,

31,1

717,

598

16-N

ov-1

5 8

58 1

15,0

54 3

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0.0

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0.0

278

67 0

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0 8

581,

15,3

32 3

,992

1,5

662,

21,5

827,

349

17-N

ov-1

5 7

22 9

7,26

4 3

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0.0

0 0

0.0

351

84 0

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0 7

2297

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3,4

84 1

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2,21

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7,33

2

18-N

ov-1

5 1

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129

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4,6

05 0

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243

0.0

0 0

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481,

30,0

94 4

,648

1,5

732,

21,0

677,

376

19-N

ov-1

5 7

56 9

5,36

0 3

,275

0.0

0 0

0.0

200

49 0

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0 7

5695

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3,3

24 1

,594

2,23

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7,41

6

20-N

ov-1

5 7

65 1

11,1

21 3

,299

0.0

0 0

0.0

1,20

330

1 0

.0 0

0 7

651,

12,3

24 3

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1,5

842,

22,2

477,

375

23-N

ov-1

5 9

31 1

19,9

36 4

,111

0.0

0 0

0.0

1,19

428

4 0

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0 9

311,

21,1

30 4

,394

1,5

592,

18,3

217,

064

24-N

ov-1

5 9

61 1

34,9

38 4

,290

0.0

0 0

0.0

839

194

0.0

0 0

961

1,35

,777

4,4

85 1

,526

2,15

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6,77

7

25-N

ov-1

5 5

3 8

,009

292

0.0

0 0

0.0

5213

0.0

0 0

53

8,06

1 3

05 1

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2,14

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6,79

2

26-N

ov-1

5 7

69 1

09,4

37 3

,369

0.0

0 0

0.0

7518

0.0

0 0

769

1,09

,512

3,3

87 1

,556

2,17

,145

7,00

1

27-N

ov-1

5 7

80 1

12,2

15 3

,415

0.0

0 0

0.0

518

123

0.0

0 0

780

1,12

,733

3,5

38 1

,560

2,17

,455

6,97

8

30-N

ov-1

5 7

85 1

17,8

04 3

,420

0.0

0 0

0.0

294

69 0

.0 0

0 7

851,

18,0

98 3

,489

1,5

612,

16,7

996,

947

So

urc

e:

NC

DE

X

1225


Table 83: Daily trends of Commodity Futures Trading at NMCE during November 2015

DateAgriculture Open interest at the end of the month

Volume (Lots) Turnover (` crore) Volume (Lots) Turnover (` crore)

02 Nov 2015 2,269 92 1,955 3003 Nov 2015 2,928 124 1,920 3004 Nov 2015 2,536 104 1,904 2805 Nov 2015 2,428 114 1,951 3006 Nov 2015 2,350 98 1,900 2809 Nov 2015 1,897 65 1,858 2710 Nov 2015 1,869 76 1,721 2611 Nov 2015 733 26 1,788 2413 Nov 2015 1,503 62 1,745 2516 Nov 2015 2,156 87 1,674 2517 Nov 2015 1,693 62 1,761 2718 Nov 2015 1,984 88 1,716 2519 Nov 2015 2,171 96 1,775 2720 Nov 2015 1,981 83 1,767 2523 Nov 2015 1,638 74 1,679 2324 Nov 2015 1,794 77 1,627 2226 Nov 2015 2,144 88 1,765 2627 Nov 2015 2,236 95 1,845 2730 Nov 2015 2,158 93 1,806 26

Source: NMCE

Table 84: Commodity-wise Share in Turnover at MCX(percent)

Year/ MonthPercentage Share in Turnover

Agriculture Metals Bullion Energy

2014-15 2.13 24.58 41.54 31.75

2015-16$ 2.14 27.76 35.80 34.30

Apr-15 2.74 25.86 35.57 35.83May-15 2.26 26.22 35.97 35.55Jun-15 3.01 27.76 34.22 35.01Jul-15 1.88 29.68 35.66 32.78Aug-15 1.85 27.84 38.60 31.71Sep-15 1.77 28.07 35.46 34.70Oct-15 1.96 27.38 36.42 34.24Nov-15 1.69 29.21 34.03 35.07


Source: MCX

Table 85: Commodity-wise Share in Turnover at NCDEX (percent)

Year/ MonthPercentage Share in Turnover

Agriculture Metals Bullion Energy

2014-15 96.33 0.00 3.62 0.052015-16$ 97.95 0.00 2.05 0.00Apr-15 98.16 0.00 1.84 0.00May-15 98.09 0.00 1.91 0.00Jun-15 97.62 0.00 2.38 0.00Jul-15 97.22 0.00 2.78 0.00Aug-15 97.74 0.00 2.26 0.00Sep-15 98.63 0.00 1.37 0.00Oct-15 98.89 0.00 1.11 0.00Nov-15 96.92 0.00 3.08 0.00


Source: NCDEX

1226


Tab

le 8

7:

Cate

go

ry-w

ise P

erc

en

tag

e S

hare

of T

urn

ove

r &

Op

en

In

tere

st a

t N

CD

EX

Year/

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nth

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ver

(`

cro

re)

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en

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st a

t th

e e

nd

of m

on

th (`

cro

re)

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ricu

ltu

re C

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cu

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re C

om

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No

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cu

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ed

gers

Pro

Cli

en

tH

ed

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Pro

Cli

en

tH

ed

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Pro

Cli

en

tH

ed

gers

2014

-15

46.2

53.1

0.7

74.0

26.0

0.0

28.2

67.7

4.1

55.4

44.6

0.0

2015

-16$

50.8

48.9

0.3

85.1

14.9

0.0

23.1

71.

85.1

38.0

62.0

0.0

Ap

r-15

52.1

47.8

0.1

85.9

14.1

0.0

27.7

68.1

4.2

37.0

63.0

0.0

May-1

550

.749

.10.

283

.716

.30.

027

.568

.54.

052

.247

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0Ju

n-1

550

.649

.10.

385

.414

.60.

027

.068

.24.

847

.152

.90.

0Ju

l-15

52.6

46.8

0.6

86.1

13.9

0.0

27.8

68.2

3.9

58.8

41.2

0.0

Au

g-1

551

.348

.40.

386

.113

.90.

027

.568

.10.

059

.041

.00.

0S

ep

-15

50.6

49.2

0.2

77.7

22.3

0.0

24.4

70.5

5.2

36.7

63.3

0.0

Oct-

1548

.451

.40.

289

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.50.

023

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138

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.00.

0N

ov-1

544

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971

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.90.

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633

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.10.

0$ i

nd

icate

s as

on

No

vem

ber

30,

2015

.S

ou

rce:

NC

DE

X

Tab

le 8

6:

Cate

go

ry-w

ise P

erc

en

tag

e S

hare

of T

urn

ove

r &

Op

en

In

tere

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t M

CX

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nth

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ver

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en

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of m

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2014

-15

41.

658.4

NA

33.0

67.0

NA

20.6

79.4

NA

33.7

66.3

NA

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-16$

46.3

53.7

NA

24.1

75.9

NA

20.6

79.4

NA

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70.1

NA

Ap

r-15

47.8

52.2

NA

25.8

74.2

NA

20.8

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NA

35.7

64.3

NA

May-1

545

.454

.6N

A23

.376

.7N

A20

.679

.4N

A34

.465

.6N

AJu

n-1

546

.253

.8N

A23

.676

.4N

A18

.181

.9N

A35

.364

.7N

AJu

l-15

48.4

51.6

NA

23.6

76.4

NA

18.8

81.2

NA

34.0

66.0

NA

Au

g-1

547

.252

.8N

A26

.473

.6N

A20

.879

.2N

A36

.563

.5N

AS

ep

-15

43.1

56.9

NA

23.8

76.2

NA

19.8

80.2

NA

30.9

69.1

NA

Oct-

1545

.554

.5N

A22

.377

.7N

A20

.679

.4N

A29

.970

.1N

AN

ov-1

540

.259

.8N

A21

.878

.2N

A18

.781

.3N

A32

.567

.5N

AN

ote

s:

1.

All

tra

des

execu

ted

un

der

cli

en

t co

des

oth

er

than

*O

WN

* (

pro

pri

eta

ry a

cco

un

t) i

s tr

eate

d a

s cli

en

t tr

ad

es

an

d i

s co

mp

ute

d a

t cli

en

t L

eve

l.

2.

A

ll C

om

mo

dit

ies

fall

ing

un

der

the c

ate

go

ry E

nerg

y, B

ull

ion

an

d M

eta

ls a

re t

reate

d a

s N

on

-Ag

ri w

here

sas

all

oth

er

co

mm

od

itie

s are

tre

ate

d a

s A

gri

.

3.

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rofi

le o

f p

art

icip

an

ts a

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ed

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or

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ise i

s n

ot

ava

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ith

th

e E

xch

an

ge

$ i

nd

icate

s as

on

No

vem

ber

30,

2015

.S

ou

rce:

MC

X

Tab

le 8

8:

Cate

go

ry-w

ise P

erc

en

tag

e S

hare

of T

urn

ove

r &

Op

en

In

tere

st a

t N

MC

E

Year/

Mo

nth

Tu

rno

ver

Op

en

In

tere

st a

t th

e e

nd

of m

on

thA

gri

cu

ltu

re C

om

mo

dit

ies

No

n-A

gri

cu

ltu

re C

om

mo

dit

ies

Ag

ricu

ltu

re C

om

mo

dit

ies

No

n-A

gri

cu

ltu

re C

om

mo

dit

ies

Pro

Cli

en

tH

ed

gers

Pro

Cli

en

tH

ed

gers

Pro

Cli

en

tH

ed

gers

Pro

Cli

en

tH

ed

gers

2014

-15

5.3

94.7

0.0

00

04.3

95.7

0.0

00

02015

-16$

4.1

95.9

0.0

00

01.

898.2

0.0

00

0A

pr-

154.

595

.50.

00

00

3.2

96.8

0.0

00

0M

ay-1

52.

797

.30.

00

01.

798

.30.

00

00

Jun

-15

2.1

97.9

0.0

00

01.

298

.80.

00

00

Jul-

152.

897

.20.

00

00

1.2

98.8

0.0

00

0A

ug

-15

6.1

93.9

0.0

00

01.

898

.20.

00

00

Sep

-15

7.8

92.2

0.0

00

01.

698

.40.

00

00

Oct-

158.

191

.90.

00

00

0.9

99.1

0.0

00

0N

ov-1

54.

195

.90.

00

00

0.7

99.3

0.0

00

0$ i

nd

icate

s as

on

No

vem

ber

30,

2015

.S

ou

rce:

NM

CE

1227


Table 89: Macro Economic Indicators

I. GDP at constant prices (2011-12 prices) for 2014-15 (` crore)* 1,06,56,925

II. Gross Saving as a percent of Gross national Disposable Income at current market prices in 2013-14 30.0

III. Gross Capital Formation as a percent of GDP at current market prices in 2013-14 32.3

IV. Monetary and Banking IndicatorsJuly

2015

August

2015

September

2015

October

2015

November

2015

Cash Reserve Ratio (percent) 4.0 4.0 4.0 4.0 4.0

Repo Rate (percent) 7.25 7.25 7.25 6.75 6.75

Money Supply (M3) (` crore) 1,09,43,220 1,09,99,870 1,12,20,050 1,12,27,440 1,12,50,590

Aggregate Deposit (` crore) 88,83,320 89,59,700 91,63,820 91,40,030 91,24,760

Bank Credit (` crore) 66,56,090 66,66,250 68,30,240 68,03,970 68,67,930

V. Interest Rate

Call Money Rate (Weighted Average) 7.1 7.0 7.1 6.8 6.8

91-Day-Treasury Bill (Primary Yield) 7.5 7.4 7.4 7.1 7.1

Base rate (percent) 9.7-10.0 9.7-10.0 9.7-10.0 9.3-9.7 9.3-9.7

Term Deposit Rate > 1 year (Maximum) 8.3 8.0 8.0 7.9 7.9

VI. Capital Market Indicators (`crore)

Turnover (BSE+NSE) 4,53,738 4,93,754 3,82,838 3,91,944 3,57,949

Market Cap-BSE 1,04,79,396 98,27,930 96,48,122 98,33,359 98,88,227

Market Cap-NSE 1,01,68,561 95,29,070 94,91,609 96,54,114 96,75,669

Net FPI Investment in Equity 5,319 -16,877 -6,475 6,650 -7,074

VII. Exchange Rate and Reserves

Forex Reserves (USD million) 353,461 351,920 350,806 353,637 351,616

Re/ Dollar 64.0 66.3 65.6 65.2 66.8

Re/Euro 70.2 74.5 73.1 71.7 70.7

Forward Premia of USD 6-month 7.1 6.6 6.4 6.6 6.5

VIII. Public Borrowing and Infl ation

Govt. Market Borrowing-Gross (` crore) 2015-16 2,39,000 2,95,000 3,51,000 4,11,000 4,56,000

Wholesale Price Index (2004-05=100) 177.6 176.5 176.6 176.7 177.6

Consumer Price Index (2012 =100) 123.6 124.8 125.4 126.1 126.6

IX. Index of Industrial Production (y-o-y) percent (Base year 2004-05 = 100)

General 180.5 176.6 178.4 181.3 NA

Mining 117.7 119.8 118.8 130.0 NA

Manufacturing 190.9 184.8 187.2 188.1 NA

Electricity 190.3 194.4 195.7 201.6 NA

X. External Sector Indicators (USD million)

Exports 23,137 21,266 21,845 21,353 20,014

Imports 35,950 33,744 32,324 31,120 29,796

Trade Balance -12,812 -12,478 -10,479 -9,767 -9,782

Notes: 1. * Advance estimates; Data as per the new series released by MOSPI

2. CPI Data ia being released on Base 2012=100 from January 2015 by MOSPI

Source : RBI, MOSPI, Ministry of Commerce & Industry.

1228


PUBLICATIONS

1. Annual Report : 2014-15

2. Handbook of Statistics on Indian Securities Market, 2014

Interested persons may contact Publication Division, Department of Economic and Policy Analysis of SEBI to

obtain a copy of Annual Report/Handbook of Statistics at the following address:

Publication Division

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. +91-2226449000

Fax no. +91-2226449021