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Trading in government securities in the retail market was made available to the Indian market for the first time through Exchanges. This facility on NSE was launched this morning by Hon. Union Minister for Finance and Company Affairs Shri Jaswant Singh at New Delhi when he placed the first order for purchase of 10 units of GOI LOAN 11.10% 2003 in his personal account for a value of Rs.1044.00.
With this launch, investors spread across the country can now buy and sell government securities through their brokers on NSE in the same way they have been buying and selling equities.
On the first day, 85 government securities were made available for trading. The trading activity was quite brisk and the traded value was Rs. 141.89 lakhs comprising of 154 trades on 23 securities spread over more than 40 clients. While the average trade size was approx. Rs.92,000/- the spreads in the market were quite fine.
Trading in corporate bonds on NSE received renewed interest today with Mr. G. N. Bajpai, Chairman SEBI placing the first order in his personal account for purchasing one unit of ICICI 13.5% Regular Income Bonds for a value of Rs.5693.50.
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The press had reports that Bombay Dyeing & Manufacturing Company Limited is open to the induction of a foreign partner on suitable terms.
The Exchange in order to verify the accuracy or otherwise of the information reported in the press and to inform the market place so that the interest of the investors is safeguarded had written to the officials of the company.
Bombay Dyeing & Manufacturing Company Limited has vide its letter inter-alia stated, "We have in reply to advise that no proposal or plan on induction of a foreign partner is currently being discussed or considered by the Management or by the Board of Directors of the Company. Hence no intimation has been given to the Stock Exchanges. The news item appearing in the press on the alleged plan of induction of a foreign partner is incorrect and is therefore denied. You may rest assured that if any such or similar proposal having a bearing on the operation/performance of the Company, is at any time being considered by the Company, we shall positively intimate to the Exchanges."
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The press had reports that SSI Limited is in talks with Aptech Training Limited to buy out its training business.
The Exchange in order to verify the accuracy or otherwise of the information reported in the press and to inform the market place so that the interest of the investors is safeguarded had written to the officials of the companies.
SSI Limited has vide its letter inter-alia stated, "We wish to state that our disclosure policy is that the material events relating to the company will be broadcast through a company announcement or by a press release and at which time, we shall be communicating to you as a matter of precedence prior to airing our views in public."
Reply is awaited from Aptech Training Limited.
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The Exchange has successfully completed its 724th Normal Settlement (Rolling T+3 following SEBI directive) since inception i.e., Settlement Number N - 2003009 on January 16, 2003. The settlement statistics are as follows:
| Particulars |
Values |
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N - 2003009 |
| Total traded quantity (lakhs) |
1394.80 |
| Total traded value (Rs. In Crores) |
2924.86 |
| Total value of the settlement (Securities) (Rs. In Crores) |
423.10 |
| Total value of the settlement (Funds) (Rs. In Crores) |
164.64 |
| Shortages for the settlement |
0.66% |
| % of Delivery ( No. of shares delivered / No. of shares traded ) |
22.43% |
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