NATIONAL STOCK EXCHANGE OF INDIA LIMITED

FUTURES & OPTIONS SEGMENT

CIRCULAR

Circular No.: NSE/F&O/101/2008

Download No. NSE/FAOP/11372

Date: September 25, 2008

Dear Members,

Sub : Muhurat Trading session on account of Diwali

In pursuance of clause 2.3 and clause 2.4 of Regulations (F&O Segment) and circular no. NSE/F&O/114/2007 dated December 14, 2007 and without prejudice to the applicable provisions of the Securities Contracts (Regulation) Act, 1956 and other relevant statutes, the Exchange hereby notifies the special muhurat trading session on account of Diwali, on Tuesday, October 28, 2008. The market timings for muhurat trading session will be as follows:

Normal Market open / Exercise Market Open time : 18:15 hrs.

Normal Market close : 19:15 hrs.

Set up cut off time for Position Limit / Collateral value : 19:15 hrs

Trade modification end time / Options Exercise Market Close time : 19:45 hrs

For National Stock Exchange of India Ltd.

Suprabhat Lala

Assistant Vice President