Saturday, April 13, 2013

Products/Services in National Stock Exchange

Products/Services in National Stock Exchang
1.Capital Market
Equities
The securities market has two interdependent and inseparable segments, the new issues (primary) market and the stock (secondary) market. The primary market provides the channel for creation and sale of new securities, while the secondary market deals in securities previously issued. The Stock market or Equities market is where listed securities are traded in the secondary market. Currently more than 1300 securities are available for trading on the Exchange.
Indices
A stock market index is a measure of the relative value of a group of stocks in numerical terms. As the stocks within an index change value, the index value changes. An index is important to measure the performance of investments against a relevant market index.
Mutual Funds
An Mutual Fund is an investment vehicle that is made up of a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, money market instruments and similar assets. One of the main advantages of mutual funds is that they give small investors access to professionally managed, diversified portfolios of equities, bonds and other securities, which would be quite difficult (if not impossible) to create with a small amount of capital.
Exchange Traded Funds
In recent times, Exchange-traded funds (ETFs) have gained a wider acceptance as financial instruments whose unique advantages over mutual funds have caught the eye of many an investor. These instruments are beneficial for Investors that find it difficult to master the tricks of the trade of analyzing and picking stocks for their portfolio. Various mutual funds provide ETF products that attempt to replicate the indices on NSE, so as to provide returns that closely correspond to the total returns of the securities represented in the index. ETF's available on NSE are diverse lot. Equity, Debt, Gold and International Indices ETF's are available.
Initial Public Offerings
A primary market is one that issues new securities on an exchange. The primary markets are where investors can get first crack at a new security issuance. The issuing company offers its equity to investors or groups and receives cash proceeds from the sale, which is then used to fund operations or expand the business. It is the largest source of funds with long or indefinite maturity for the company.
Offer for Sale

 Past Issues
Sr NoCompany NameStart DateEnd Date No of Shares
offered 		Cumulative
Qty		Floor priceAllotted quantity
after settlement*		Allotment price
1Steel Authority of India Limited22-Mar-201322-Mar-201324,03,96,57224,13,48,34563.009,87,21,117Multiple price
23M India Limited21-Mar-201321-Mar-20131,13,1982,42,9153,300.000Multiple price
3National Aluminium Company Limited15-Mar-201315-Mar-201312,88,61,92515,69,38,91840.008,04,47,588Multiple price
4Rashtriya Chemicals and Fertilizers Limited08-Mar-201308-Mar-20136,89,61,0128,89,67,13445.004,24,80,265Multiple price
5Mahindra Holidays & Resorts India Limited07-Mar-201307-Mar-201334,00,00044,40,454270.0010,60,349Multiple price
6NTPC Limited07-Feb-201307-Feb-201378,32,62,8801,32,84,55,619145.0045,95,33,676Multiple price
7Oil India Limited01-Feb-201301-Feb-20136,01,13,15715,41,42,457510.001,07,71,754Multiple price
8MPS Limited28-Dec-201228-Dec-20122,14,50010,08,728110.002,14,500Mutiple price
9Eros International Media Limited20-Dec-201220-Dec-201225,73,7101,13,27,423200.007,19,233Multiple Price
10Honeywell Automation India Limited14-Dec-201214-Dec-20125,51,33340,67,3352,150.000Multiple Price
11NMDC Limited12-Dec-201212-Dec-201239,64,71,60073,24,79,476147.0015,24,53,756Multiple Price
12Blue Dart Express Limited23-Nov-201223-Nov-201214,31,93751,83,6051,720.001,38,500Multiple Price
13Hindustan Copper Limited23-Nov-201223-Nov-20128,87,23,3005,16,11,858155.004,17,65,184Multiple Price
14D.B. Corp Limited09-Nov-201209-Nov-20121,19,27,0002,11,60,941205.0071,94,277Multiple Price
15Pioneer Distilleries Limited23-Oct-201223-Oct-20129,35,98255,10038.00--
16Fresenius Kabi Oncology Limited12-Oct-201212-Oct-20121,42,40,4891,53,13,32680.0038,27,71280
17Uttam Sugar Mills Limited23-Jul-201223-Jul-20127,90,40110,21,00024.00--
18Jaiprakash Power Ventures Limited29-Jun-201229-Jun-20122,90,55,3823,26,93,54433.50--
19D.B. Corp Limited10-May-201210-May-201290,00,00093,09,368196.00--
20Wipro Limited14-Mar-201214-Mar-20123,50,00,0002,47,51,254418.00--
21Oil and Natural Gas Corporation Limited01-Mar-201201-Mar-201242,77,74,50442,04,16,170290.00--
Institutional Placement Program
Security Lending and Borrowing Scheme
Short Selling means selling of a stock that the seller does not own at the time of trade. Short selling can be done by borrowing the stock through Clearing Corporation/Clearing House of a stock exchange which is registered as Approved Intermediaries (AIs). Short selling can be done by retail as well as institutional investors. The Securities Lending and Borrowing mechanism allows short sellers to borrow securities for making delivery.
2.Derivatives
Equity Derivatives
Equity derivative is a class of derivatives whose value is at least partly derived from one or more underlying equity securities. Options and futures are by far the most common equity derivatives. This section provides you with an insight into the daily activities of the equity derivatives market segment on NSE. 2 major products under Equity derivatives are Futures and Options, which are available on Indices and Stocks. 


Instrument wise Volume and Turnover
As on Apr 12, 2013 15:30:18 IST
ProductNo. of contractsTraded Value
(Rs crores)
Index Futures3,05,911 8,553.86
Stock Futures5,86,892 17,401.06
Index Options34,32,999 96,228.42
Stock Options8,87,362 28,001.83
F&O Total52,13,164 1,50,185.18
Options Value calculated as (Premium + Strike price) x Quantity
Currency Derivatives
A currency future, also known as FX future, is a futures contract to exchange one currency for another at a specified date in the future at a price (exchange rate) that is fixed on the purchase date. On NSE the price of a future contract is in terms of INR per unit of other currency e.g. US Dollars. Currency future contracts allow investors to hedge against foreign exchange risk. Currency Derivatives are available on four currency pairs viz. US Dollars (USD), Euro (EUR), Great Britain Pound (GBP) and Japanese Yen (JPY). Currency options are currently available on US Dollars. 

 Interest Rate Derivatives
An interest rate derivative is a financial derivative where the underlying asset (interest-bearing instrument) is the right to pay or receive a notional amount of money at a given interest rate. Interest rate futures are used to hedge against the risk of interest rate movements (such as volatility movements or simple directional movements) in an adverse direction, causing a cost to the company. Examples include Treasury-bill and Treasury-bond futures.
Interest Rate derivatives (IRD) introduced on NSE from 2009, offers futures contracts on 10 Year Notional Coupon-bearing Government of India (GOI) security (10YGS7) and the recently introduced (2011) 91-day Government of India (GOI) Treasury Bill.
3.Debt
Retail Debt Market
An interest rate derivative is a financial derivative where the underlying asset (interest-bearing instrument) is the right to pay or receive a notional amount of money at a given interest rate. Interest rate futures are used to hedge against the risk of interest rate movements (such as volatility movements or simple directional movements) in an adverse direction, causing a cost to the company. Examples include Treasury-bill and Treasury-bond futures.
Interest Rate derivatives (IRD) introduced on NSE from 2009, offers futures contracts on 10 Year Notional Coupon-bearing Government of India (GOI) security (10YGS7) and the recently introduced (2011) 91-day Government of India (GOI) Treasury Bill.
Wholesale Debt Market
The Wholesale Debt Market segment deals in fixed income securities and is fast gaining ground in an environment that has largely focussed on equities. The segment commenced operations on June 30, 1994. This provided the first formal screen based trading facility for the debt market in the country. 
Corporate Bonds
Corporate bonds are debt securities issued by private and public corporations. Companies issue corporate bonds to raise money for a variety of purposes, such as building a new plant, purchasing equipment, or growing the business. When one buys a corporate bond, one lends money to the "issuer," the company that issued the bond. In exchange, the company promises to return the money, also known as "principal," on a specified maturity date. Until that date, the company usually pays you a stated rate of interest, generally semiannually. While a corporate bond gives an IOU from the company, it does not have an ownership interest in the issuing company, unlike when one purchases the company's equity stock.
4.Trackers
Bank Nifty
Bank Nifty represents the 12 most liquid and large capitalised stocks from the banking sector which trade on the National Stock Exchange (NSE). It provides investors and market intermediaries a benchmark that captures the capital market performance of Indian banking sector. 
Global Indices
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