Page 42 - Nse

NSE to move 15 firms to restricted trading category for surveillance review

Leading exchange NSE will move 15 firms to the restricted trading category on Thursday as part of surveillance review. Trading in the 15 securities will be available in trade for trade segment at a price band of 5 per cent or lower with effect from April 12, the NSE said in a circular today. Under the trade for trade segment, no speculative trading is allowed and delivery of shares and payment of consideration amount are mandatory. Among the stocks to be moved to the restricted trading category are Aditya Birla Money, Burnpur Cement, Cantabil Retail India, Dharani Sugars & Chemicals, D-Link (India), DQ Entertainment (International), MIC Electronics, Petron Engineering Construction and Super Spinning Mills. "Members are requested to take adequate precaution while trading in the above securities, as the settlement will be done on trade-to-trade basis and no netting off will be allowed," the exchange said. "Further, it may also be noted that the transfer of security for trading and .

NSE expresses concerns over interoperability of clearing corporations

The National Stock Exchange (NSE) has expressed its reservations over Securities and Exchange Board of India's (Sebi's) expert panel proposal of interoperability of clearing corporations. Interoperability allows trading members to clear trades through a firm of their choice. Under the current set up, clearing corporations are owned by the exchange on which the trades are executed.In an email response, NSE said that it is supportive of all matters that are in the best interest of the Indian markets and investors. "Interoperability of clearing corporations is a material change to the existing market structure and is therefore being evaluated across multiple dimensions including risk management, technology, legal and operational matters, "said NSE spokesperson.Sebi expert panel in a recent meeting with exchanges and trading members discussed the disruptions in the functioning of a stock exchange and the respective clearing corporations. It had discussed the importance and need of single .

NSE working with global bourses, index providers for orderly transition

NSE said that stock prices would be shared with everybody including index constructors and they can construct India indices based on the data provided

No fee on cross currency derivatives trade, says NSE

The exchanges BSE and NSE - have launched trading in cross-currency futures and options (F&O) derivatives

MSCI will continue to get data for exchange-traded funds, says NSE

The National Stock Exchange (NSE) plans to continue to provide data to global index providers, including MSCI, to enable overseas investors take exposure to the Indian market through their exchange traded funds (ETFs). There were concerns among market participants on whether the domestic exchanges would provide data to index providers for creation of indices based on Indian securities or indices where Indian securities had weightage of more than 25 per cent."MSCI will continue to get data as long as it is not used to trade Indian derivatives offshore," said Vikram Limaye, chief executive officer, NSE. "There have been concerns on liquidity building offshore. Some of the arrangements were not in best interest of Indian markets in long term."Limaye delivered the opening remarks at Asia Securities Industry & Financial Markets Association's (Asifma's), an industry lobby for foreign investors, conference. On February, Indian exchanges, in a joint announced, had announced that they ...

NSE keen to buy 25% stake in Dhaka stock exchange to rival China

India is trying to match the Chinese exchanges expanding clout over south Asian bourses

NSE to auction investment limits for Rs 94.75-billion corporate bonds

The auction will be conducted on NSE's e-bid platform from 1530 hrs to 1730 hrs after the close of market hours

NSE asks startups to list on exchange, offer exit to investors

India has over 1,400 PE and VC backed companies with majority of recent exits by venture firms having been mergers and acquisitions to derive value to investors

NSE cautions brokers, investors, against unsolicited messages

The direction comes after the bourses and Sebi noticed that unsolicited messages are being sent to induce investment or sale of the stock of certain listed firms

NSE submits 2 audit reports to Sebi on co-location matter

Sources say the findings of the latest audit reports will help Sebi decide on the NSE's consent plea to settle the co-location matter

NSE to auction investment limits for Rs 9,000-cr corporate bonds on Nov 7

The auction will be conducted on NSE's e-bid platform from 1530 hrs to 1730 hrs after the close of market hours

NSE sees record Rs 55,954.18 cr-worth equity trading

The previous high stood at Rs 45,012.36 crore on September 29, last year

NSE board to discuss EY cash segment audit

EY's findings are critical for the NSE's consent plea filed with market regulator Sebi in the co-location matter

NSE discontinues advance collection of service charges from October

Top stock exchange NSE has decided to discontinue advance collection of service charges, including transaction fee related to cash market, equity derivatives as well as currency derivatives segments, from this month. Besides, the exchange would not collect in advance annual charges for applications related to connectivity and co-location. The move is effective for all new requests from October 2017, a circular issued by NSE said. The exchange has decided to discontinue advance collection of service charges "to improve member experience and based on members' feedback". "Annual advance transaction charges shall be discontinued in cash market, F&O and CD segments," it said. As per the exchange, it "shall raise appropriate bills on the member at the end of each month for services consumed during that month". However, the exchange said interest free security deposits (IFSD) and one time charges, if any, wherever applicable would be collected in advance.

NSE aims for listing in second half of 2018

NSE chief Vikram Limaye said a listing by March would be 'very difficult', and a more realistic time frame would be the second half of next year

NSE adds three firms to broad Nifty 50 index, removes four constituents

The exchange will remove ACC, Bank of Baroda, Tata Power and Tata Motors deferential voting rights

Only 48 out of 331 suspected shell companies listed on NSE

The leading bourse would report to the Sebi about the 48 companies after collecting the information

NSE files consent application to settle co-location issue

Sources said the NSE had not put any settlement amount in the consent application

Former NSE head Chitra Ramkrishna earned Rs 23 cr during her 8-month stint

She quit as the Managing Director and CEO of the country's premier bourse on December 2 last year

NSE technical glitch shows switchover to back-up site isn't easy

The banking sector was recently spooked by incidents of data breach and attempts of cyber-heist