Bull Apr 2011

APRIL 2011
VOL. 9
NUMBER 04
EDITORIAL COMMITTEE
l
Mr. Ananta Barua
l
Mr. J.
Ranganayakulu
l
Prof. G. Sethu
l
Mr. Nagender Parakh
l
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. This monthly Bulletin is
normally published in the third week of the succeeding month. The soft
copy of SEBI Bulletin is available free of cost to the subscribers/readers,
who register at bulletin@sebi.gov.in 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 bulletin@sebi.gov.in.
Contents
CAPITAL MARKET REVIEW
Page
253
PRESS RELEASES
265
A. General
265
1.
Advice to Intermediaries
265
2.
Caution to Investors
265
3.
Allocation of Limits to FIIs/Sub-Accounts Investment Debt Limit through Bidding Process
266
4.
Visit to SEBI as a Part of Financial Education Initiatives of SEBI
267
B. Order
267
1.
Order in Respect of M/s. Sanchay Fincom Ltd. in the Matter of M/s. Doctor's Biotech Ltd.
267
2.
Order in the Matter of M/s. Murli Industries Ltd.
267
3.
Order against Ms. Shyamlal Sultania, Member, M/s. Calcutta Stock Exchange Ltd. in the
Matter of M/s. G. R. Industries and Finance Ltd.
267
4.
Order in Respect of M/s. Triumph International Finance India Ltd. in the Matter of
M/s. SSI Ltd.
267
5.
Order in Respect of M/s. Triumph International Finance India Ltd. in the Matter of
M/s. Ranbaxy Laboratories Ltd.
267
6.
Order against M/s. G.R. Pandya Share Broking Ltd. in the Matter of M/s. G. G.
Automotive Gears Ltd.
267
7.
Order against M/s. Rajendra Prasad Shah, Member, CSE in the Matter of M/s. Bakra
Pratisthan Ltd.
267
8.
Order in Respect of Mr. K. S. Kasiraman, Mr. K. Natarahjan and Mr. G. Ramakrishnan in

the Matter of M/s. Pyramid Saimira Theatre Ltd.
267
9.
Order against M/s. CFL Securities Ltd. in Respect of its Dealings in the Shares of M/s. Ceat
Ltd. and M/s. VXL Instruments Ltd. and Order against M/s. Tropical Securities and
Investments Private Ltd. in Respect of its Dealings in the Shares of M/s. VXL Instruments
Ltd.
267
10. Orders in Respect of M/s. Bhartendu Financial Services Private Ltd., M/s. Leaprofin
Securities Ltd., M/s. Suresh Kumar and M/s. Rakesh Mishra in the Matter of Hoffland Group
269
11. Orders in Respect of M/s. Pals Overseas Pvt. Ltd. and in the Matter of M/s. Sunearth
Ceramics Ltd.
269
Consent Order
270
Nil.
News Items
270
Presentation by SRO to Foreign Delegates of NI-MSME
270
Circular
271
1.
Futures on 91-day Government of India Treasury-Bill (T- Bill)
271
2.
Allocation of Government Debt Long Term & Corporate Debt - Old Investment Limits to
FIIs
271
3.
Usage of Load Account
272
4.
Listing Agreement for Securitized Debt Instruments
273
5.
Addendum to Circular no. Cir/ISD/1/2011 dated March 23, 2011
273
6.
Unauthenticated News Circulated by SEBI Registered Market Intermediaries through Various

Modes of Communication
274
7.
Dissemination of Further Information about FII Activity Discontinuance of Reporting
275
8.
FII Investment in Corporate Bonds Infra Long Term Category
275
HIGHLIGHTS OF DEVELOPMENTS IN INTERNATIONAL SECURITIES MARKETS
284
ANNEXURES
287
PUBLICATIONS
340
APRIL
SEBI BULLETIN
2011
CAPITAL MARKET REVIEW

1. Trends in Primary Market
A. Equity and Debt Issue
During March 2011, ` 6,514.2 crore was mobilised in
the primary market through 14 issues as compared to
` 6,996.3 crore mobilised through seven issues in
February 2011, a decrease of 6.9 percent over
pervious month. Of the 14 issues, three issues
(` 582.4 crore) were mobilised through equity public
issues, four issues (` 951.8 crore) through debt issue

and seven issue of amount ` 4,980.0 crore was raised
through Rights issue. The cumulative mobilised
amount for the financial year 2010-11 stood at
` 67,608.5 crore through 91 issues as against ` 57,555.1
crore through 76 issues in 2009-10.
Table 1: Primary Market Trends

Mar-11
Items
No. of
Issues
1
a) Public Issues (i) +(ii)
i) Public issue
(Equity/PCD/FCD)
of which
IPOs
FPOs
ii) Public Issue (Bond / NCD)
b) Rights Issues
Total Equity Issue (i+b)
Total (a + b)
Feb-11
No. of
Issues
2010-11
No. of
Issues
4
5
Amount
( ` crore)
5
9,646.7
2009-10
2
7
Amount
(` crore)
3
1,534.3
No. of
Issues
6
68
Amount
( ` crore)
7
58,105.2
8
47
Amount
( ` crore)
9
49,236.5
582.4
269.5
58
48,654.1
44
46,736.5
3
0
4
7
10
14
582.4
0.0
951.8
4,980.0
5,562.4
6,514.2
2
1
2
2
5
7
139.4
130.1
6,254.3
472.6
742.0
6,996.3
53
5
10
23
81
91
35,558.7
13,095.3
9,451.2
9,503.3
58,157.4
67,608.5
39
5
3
29
73
76
24,696.0
22,040.5
2,500.0
8,318.6
55,055.1
57,555.1
Note: PCD implies Partly Convertible Debenture, FCD implies Fully Convertible Debenture.
IPOs imply Initial Public Offers, FPO s imply Follow on Public Offers.
NCD implies Non Convertible Debenture.
Source: SEBI .
Figure 1 : Primary Market (Equity Issues) Trends through Public and Rights Issues (` crore)
17,673
10,296
5,562
4,802
3,618
2,962
1,557
253
N
ov
-10
Oc
t-1
0
742
Se
p10
g10
Au
Ju
l-1
0
-10
Ju
n
M
ay
-10
Ap
r-1
0
1,050
-11
Fe
b11
M
ar11
2,962
Jan
2,987
De
c-1
0
3,979
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B. QIPs Listed at BSE and NSE

In March 2011, one listed company raised capital of
` 1,993 crore from Primary Market through QIP
channel as against ` 426 crore was raised through one
issue in February 2011. The cumulative mobilised
amount for the financial year 2010-11, stood at

` 25,861 crore through 50 issues (which are listed at
either BSE or NSE) (details in Annexure Table 3).
C. Preferential Allotments Listed at BSE and NSE

for the financial year 2010-11, stood at ` 30,458 crore
through 368 preferential allotments (of which 139
allotments amounting ` 17,099 crore listed at both
BSE and NSE) (details in Annexure- Table 1B).
There were 26 preferential allotments (` 1,020 crore)

listed at BSE and NSE during March 2011 as
compared 26 preferential allotments (` 5,559 crore)
in February 2011. The cumulative mobilised amount
D. Private Placement of Corporate Debt Reported to BSE and NSE

In the corporate debt market, ` 21,399 crore raised
through 114 issues by way of private placement listed
at BSE and NSE during March 2011 compared to
` 14,354 crore was raised through 90 issues in
February 2011. The cumulative privately placed
amount for the financial year 2010-11, stood at
` 2,18,785 crore through 1,404 issues (of which 774

issues of ` 1,53,370 crore reported to only BSE, 591
issues of ` 52,591 crore reported to only NSE and
39 issues of ` 12,825 crore reported to both at BSE
and NSE) (details in Annexure- Table A4).
E. Resource Mobilisation by Mutual Funds

In March 2011, mutual funds liquidated ` 1,27,451
crore (of which ` 1,01,582 crore was liquidated by
private sector mutual funds and ` 25,869 crore was
liquidated by public sector mutual funds) as
compared to ` 25,757 crore mobilized (of which
` 15,893 crore was mobilised by private sector mutual
funds and ` 9,864 crore was mobilsed by public
sector mutual funds) during February 2011. During
the financial year 2010-11, mutual funds liquidated

` 49,406 crore as compared to a mobilised amount of
` 83,080 crore in 2009-10. The market value of assets
under management stood ` 5,92,250 crore as on
March 31, 2011 as compared to ` 7,07,412 crore as on
February 28, 2011, indicating a decrease of 16.3
percent (details in Annexure-Table 35).
II. Trends in the Secondary Market

BSE Sensex closed at 19445.2 on March 31, 2011, as
against 17823.4 on February 28, 2011, registering an
increase of 1621.8 points (9.1 percent). During
March 2011, Sensex recorded an intraday high of

19575.2 on March 31, 2011 and an intraday low of
17792.2 on March 21, 2011.
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Figure 2 : Movement of Sensex and Nifty

21000
6500
20000
6000
18000
5500
Nifty
Sensex
19000
17000
5000
16000
15000
M
ar11
-11
Fe
b11
Jan
De
c-1
0
N
ov
-10
Oc
t-1
0
Se
p10
g10
Au
Ju
l-1
0
-10
Ju
n
M
ay
-10
Ap
r-1
0
4500
Nifty
Sensex
S&P CNX Nifty closed at 5833.8 on March 31, 2011

compared to with 5333.3 on February 28, 2011,
indicating a decrease of 500.5 points (9.4 percent).
During March 2011, Nifty recorded an intraday high

of 5872.0 on March 31, 2011 and an intraday low of
5348.2 on March 21, 2011.
Table 2: The Basic Indicators in Cash Market
Particulars
2008-09
1
2
A. Indices
BSE Sensex
9708.5
S&P CNX Nifty
3021.0
S&P CNX 500
2294.9
B. Market Capitalisation ( ` crore)
BSE
30,86,075
NSE
28,96,194
C. Gross Turnover ( ` crore)
BSE
11,00,074
NSE
27,52,023
D. P/E Ratio
BSE Sensex
13.7
BSE 100
15.3
S&P CNX Nifty
14.3
2009-10
2010-11
Feb-11
Mar-11
Percentage
change over
the previous
month
7
17527.8
5249.1
4313.3
19445.2
5833.8
4626.5
17823.4
5333.3
4247.2
19445.2
5833.8
4626.5
9.1
9.4
8.9
61,65,619
60,09,173
68,39,084
67,02,616
63,43,072
61,95,967
68,39,084
67,02,616
7.8
8.2
13,78,809
41,29,214
11,05,027
35,77,410
68,830
2,66,504
72,457
2,55,712
5.3
-4.0
21.32
21.1
22.3
21.2
20.7
22.1
19.4
19.1
20.4
21.2
20.7
22.1
8.8
8.5
8.4
Source: BSE and NSE.
The P/E ratio of BSE Sensex was 21.2 as on March

31, 2011 as against 19.4 on February 28, 2011. The
P/E ratio of S&P CNX Nifty was 22.1 as on March

31, 2011 as against 20.4 on February 28, 2011.
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3,293
3,441
3,493
19000
18000
17000
3,000
16000
Jan
-11
Fe
b11
M
ar11
De
c-1
0
N
ov
-10
Oc
t-1
0
Se
p10
g-1
0
Au
Ju
l-1
0
Ju
n10
Ap
M
ay
-10
15000
r-1
0
2,000
Average Daily Value of Sensex
5,048
5,131
20000
4,225
5,131
21000
3,707
4,000
4,204
3,940
5,000
4,696
Average Daily Turnover
6,000
5,643
Figure 3: Monthly Average of BSE Turnover and Sensex
Average Daily Value of Sensex
market capitalisation of NSE, stood at ` 67,02,616

crore as on March 31, 2011 compared to ` 61,95,967
crore as on February 28, 2011.
The market capitalisation of BSE increased by 7.8

percent from ` 63,43,072 crore as on February 28,
2011 to ` 68,39,084 crore as on March 31, 2011. The
Figure 4 : Monthly Average of NSE Turnover and Nifty
6000
5500
5000
Jan
-11
Fe
b11
M
ar11
De
c-1
0
N
ov
-10
Average Daily Value of Nifty
The monthly turnover of BSE

increased by 5.3 percent from `
February 2011 to ` 72,457 crore
However, the monthly turnover
Oc
t-1
0
Se
p10
Au
Ju
n
Ap
g10
4000
Ju
l-1
0
6,000
-10
4500
M
ay
-10
9,000
Average Daily Value of Nifty
11,623
13,325
13,367
17,333
17,165
6500
13,440
14,182
13,005
12,661
12,000
12,937
15,000
13,828
18,000
15,708
7000
r-1
0
21,000
segment) decreased by 4.0 percent from ` 2,66,504

crore in February 2011 to ` 2,55,712 crore in March
2011.
(cash segment)
68,830 crore in
in March 2011.
of NSE (cash
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2011
Table 3: Performance of Indices at BSE and NSE during March 2011 (Percent)
Index
1
BSE Sensex
BSE 100
BSE 200
BSE 500
BSE Small Cap
BSE FMCG
BSE Consumer Durables
BSE Capital Goods
BSE Bankex
BSE Teck
BSE Oil & Gas
BSE Metal
BSE Auto
BSE PSU
BSE Healthcare
BSE
Change over
Previous month
2
9.1
9.0
8.8
8.6
4.6
4.8
10.8
6.7
12.3
7.9
8.3
5.3
12.6
6.9
5.3
Volatility
3
1.3
1.2
1.2
1.1
1.0
0.9
1.2
1.5
1.5
1.3
1.1
1.4
1.7
1.0
1.1
Index
4
S&P CNX Nifty
CNX Nifty Junior
S&P CNX 500
CNX Mid-cap
CNX 100
S&P CNX Defty
CNX IT
Bank Nifty
Nifty Mid-cap 50
NSE
Change over
Previous month
5
9.4
8.0
8.9
9.1
9.2
11.0
7.2
12.2
8.4
Volatility
6
1.3
1.1
1.1
1.0
1.2
1.4
1.5
1.5
1.3
At the end of March 2011, among BSE indices, BSE

Auto increased by 12.6 percent over its previous
month's closing value followed by BSE Bankex (12.3
percent), BSE Consumer Durables (10.8 percent), BSE
Sensex (9.1 percent), BSE 100 (9.0 percent), BSE 200
(8.8 percent), BSE 500 (8.6 percent), BSE Oil & Gas
(8.3 percent), BSE Teck (7.9 percent), BSE PSU (6.9
percent), BSE Capital Goods (6.7 percent), BSE
Metal (5.3 percent) and BSE Healthcare (5.3 percent)
respectively. At NSE, Bank Nifty Index decreased
by 12.2 percent over its previous month's closing
value followed by S&P CNX Defty Index (11.0
percent), S&P CNX Nifty Index (9.4 percent), CNX
100 Index (9.2 percent), CNX Mid-cap Index (9.1
percent), S&P CNX 500 Index (8.9 percent), Nifty
Mid-cap 50 Index (8.4 percent), CNX Nifty Junior
Index (8.0 percent) and CNX IT Index (7.2 percent),
respectively.
During March 2011, among BSE indices, the daily
volatility of BSE Auto was 1.7 percent, followed by
BSE Bankex (1.5 percent), BSE Capital Goods (1.5
percent), BSE Metal (1.4 percent), BSE Teck (1.3
percent), BSE Sensex (1.3 percent), BSE 100 (1.2
percent), BSE 200 (1.2 percent), BSE Consumer
Durables (1.2 percent), BSE 500 (1.1 percent), BSE
Oil & Gas(1.1 percent), BSE Healthcare (1.1
percent), BSE PSU (1.0 percent) and BSE Smallcap
(1.0 percent), respectively. At NSE, among all the
indices daily volatility of CNX IT was 1.5 percent,
followed by Bank Nifty (1.5 percent), S&P CNX
Defty (1.4 percent), Nifty Mid-cap 50 (1.3 percent),
S&P CNX Nifty (1.3 percent), CNX 100 (1.2 percent),
S&P CNX 500 (1.1 percent), CNX Nifty Junior (1.1
percent) and CNX Mid-cap (1.0 percent), respectively.
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III. Trends in Depository Accounts

The total numbers of investor accounts were 115.4
lakh at NSDL and 74.8 lakh at CDSL at the end of
March 2011. The number of investor accounts in
March 2011 increased by 0.6 percent at NSDL while
the same has decreased by 0.1 percent at CDSL over
the previous month. A comparison with

corresponding period of previous year shows, there
was an increase in the number of investor accounts
to the extent of 9.1 percent at NSDL and 13.6
percent at CDSL (details in Annexure- Table 39).
IV. Trends in the Derivatives Segments

A. Equity Derivatives at NSE
The monthly total turnover in equity derivative
market at NSE decreased by 1.8 percent from
` 29,29,295 crore in February 2011 to ` 28,77,900
crore in March 2011. The monthly turnover of index
futures decreased by 0.8 percent from ` 4,02,759
crore in February 2011 to ` 3,99,595 crore in March
2011. Further, the monthly turnover of stock futures
decreased by 9.4 percent from ` 4,01,307 crore in
February 2011 to ` 3,63,405 crore in March 2011.
Consequently, the monthly turnover of call options

on stock decreased by 16.8 percent from ` 56,955
crore in February 2011 to ` 47,406 crore in March
2011.
The open interest in value terms in equity derivative
segment decreased by 6.1 percent from ` 1,08,480
crore as on February 28, 2011 to ` 1,01,816 crore as
on March 31, 2011. The open interest in value terms
in equity derivative segment for Index Futures, Stock
Futures, Put Options on Index, Call Options on
Index, Put Options in Stock and Call Options on
Stock at the end of March 2011 stood at ` 16,941
crore, ` 28,354 crore, ` 30,016 crore, ` 25,006 crore,
` 520 crore and ` 979 crore respectively, with a
corresponding growth rates of 8.6 percent, 0.8
percent, -11.8 percent, -10.3 percent, -37.7 percent
and -51.9 percent as compared to February 28, 2011.
In addition, the monthly turnover of put options on

index increased by 5.0 percent from ` 9,84,587 crore
in February 2011 to ` 10,33,607 crore in March 2011.
The monthly turnover of call options on index
decreased by 4.2 percent from ` 10,59,766 crore in
February 2011 to `10,14,990 crore in March
2011.The monthly turnover of put options on stock
also decreased by 21.0 percent from ` 23,921 crore in
February 2011 to ` 18,897 crore in March 2011.
1,70,000
1,50,000
1,30,000
1,10,000
20,00,000
90,000
Jan
-11
Fe
b11
M
ar11
De
c-1
0
N
ov
-10
Oc
t-1
0
Se
p1-
g10
Au
Ju
n
Ju
l-1
0
50,000
1- 0
10,00,000
M
ay
-10
70,000
r-1
0
15,00,000
Average Daily Tornover
Monthly Turnover
258
28,77,900
29,29,295
28,41,834
23,57,109
29,65,846
20,53,728
18,29,910
20,35,599
25,00,000
21,24,496
16,71,620
30,00,000
Ap
Monthly Turnover
35,00,000
28,24,493
27,36,392
Figure 5 : Trends of Equity Derivative Segment at NSE (` crore)
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SEBI BULLETIN
2011
Table 4: Trends in Equity Derivatives Market

Particular
Mar-11
1
2
A. Turnover ( ` crore)
(i) Index Futures
3,99,595
(ii) Options on Index
Put
10,33,607
Call
10,14,990
(iii) Stock Futures
3,63,405
(iv) Options on Stock
Put
18,897
Call
47,406
Total
28,77,900
B. No. of Contracts
(i) Index Futures
1,53,33,341
Put
3,80,43,240
Call
3,54,30,135
(iii) Stock Futures
1,41,89,337
Put
7,10,229
Call
17,41,344
Total
10,54,47,626
C. Open Interest in terms of Value ( ` crore)
(i) Index Futures
16,941
Put
30,016
Call
25,006
(iii) Stock Futures
28,354
Put
520
Call
979
Total
1,01,816
D. Open Interest in terms of No of Contracts
(i) Index Futures
6,18,576
Put
10,29,402
Call
8,61,061
(iii) Stock Futures
11,26,190
Put
18,407
Call
36,737
Total
36,90,373
Feb-11
3
Percentage Change Over Month

4
4,02,759
-0.8
9,84,587
10,59,766
4,01,307
5.0
-4.2
-9.4
23,921
56,955
29,29,295
-21.0
-16.8
-1.8
1,57,34,318
-2.5
3,66,81,957
3,79,24,368
1,60,48,082
3.7
-6.6
-11.6
9,06,631
20,70,078
10,93,65,434
-21.7
-15.9
-3.6
15,598
8.6
34,017
27,862
28,134
-11.8
-10.3
0.8
834
2,035
1,08,480
-37.7
-51.9
-6.1
Source: NSE.
259
6,16,214
0.4
12,75,930
10,45,167
12,13,221
-19.3
-17.6
-7.2
33,074
84,044
42,67,650
-44.3
-56.3
-13.5
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2011
B. Currency Derivatives at NSE, MCX-SX and USE

During March 2011, the monthly turnover of the
currency derivatives at NSE increased by 48.6
percent to ` 3,78,517 crore as compared to ` 2,54,654
crore in February 2011. Further, at MCX-SX, the
monthly turnover increased by 42.9 percent to
` 4,03,898 crore in March 2011 from ` 2,82,742 crore
February 2011. In the end of March 2011, the

turnover of USE stood at ` 90,806 crore as
compared to ` 60,569 crore in February 2011,
indicating an increase of 49.9 percent (details in
Annexure- Table 27).
Figure 6 : Trends of Currency Derivatives at NSE, MCX-SX and USE (` crore)

5,00,000
4,00,000
3,00,000
2,00,000
1,00,000
NSE
MCX SX
-11
Fe
b11
M
ar11
Jan
De
c-1
0
N
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-10
Oc
t-1
0
Se
p10
g10
Au
Ju
l-1
0
-10
Ju
n
Ap
-r 1
M
ay
-10
USE
C. Interest Rate Derivatives at NSE

During March 2011, Interest Rate Futures (IRF) total
turnover stood at ` 0.3 crore at NSE as compared to
` 0.2 crore in February 2011, indicating an increase
of 27.4 percent over previous month (details in

21.62
Figure 7 : Trends in the Interest Rates Futures at NSE (` crore)
0.8
0.6
8.00
Monthly Turnover
260
0.2
0.20 0.26
Jan
-11
Fe
b11
M
ar11
De
c-1
0
Au
Ju
l-1
0
-10
Ju
n
M
ay
-10
r-1
0
0.4
0.31
0.44 0.44
N
ov
-10
1.47
Oc
t-1
0
0.49
Se
p10
g10
3.80
10
0.0
1.0
7.44
15
1.2
17.16
20
Ap
Monthly Turnover
25
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V. Investment in Corporate Debt Market

During March 2011, there were 725 trades with a
value of ` 4,804 crore reported on BSE as compared
192 trades with a value of ` 2,614 crore in February
2011. At NSE, 390 trades were reported in March
2011 with a trading value of ` 12,855 crore as
compared to 367 trades with a value of ` 10,696
crore in February 2011. Further, 2,861 trades with a

value of ` 32,261 crore were reported to FIMMDA
in March 2011 as against of 1,626 trades with a value
of ` 21,201 crore in February 2011 (details in
BSE
NSE
21,201
10,696
2,614
1,397
9,781
25,285
24,635
Jan
-11
Fe
b11
M
ar11
3,431
8,451
26,203
2,724
9,785
De
c-1
0
N
ov
-10
1,288
11,496
35,496
37,017
12,964
2,689
Oc
t-1
0
Se
p10
Au
g10
4,587
2,033
12,107
12,486
47,088
35,883
36,731
13,294
4,378
Ju
l-1
0
-10
Ju
n
M
ay
-10
5,701
3,881
22,380
19,655
17,820
4,681
r-1
0
Ap
44,630
43,312
44,624
Figure 8 : Trends of Reported Volume of Corporate Bonds (` crore)
FIMMDA
VI. Trends of Institutional Investors

A. Trends in Mutual Funds
Mutual Funds made net investment of ` 27,602 crore
in March 2011 as compared to ` 23,979 crore net
investment in February 2011. During March 2011,
Mutual funds liquidated ` 253 crore from equity as
compared to ` 1,427 crore invested in February 2011.
However, Mutual funds invested ` 27,856 crore in

debt market in March 2011 as compared of ` 22,552
crore invested in February 2011 (details in
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2011
Equity
27,856
27,602
22,552
23,979
1,427
37,427
38,017
-253
591
15,182
15,082
1,377
15,182
15,082
Mar-11
Feb-11
Jan-11
Dec-10
Oct-10
Debt
Nov-10
-5,801
-7,236
Sep-10
Aug-10
-100
10,978
5,177
20,505
13,268
1,302 22,242
19,072
-3,170
-2,929
-4,231
Jul-10
Jun-10 -25,643
May-10
Apr-10
-26,737
-1,410
-1,093
1,302
99
2,262
2,361
47,990
49,367
66,502
65,092
Figure 9 : Trends in Mutual Funds Investment (` crore)
Total
B. Trends in Foreign Institutional Investors

There was a net investment of ` 6,882.9 crore in
March 2011 by FIIs as compared to a net outflow of
` 3,270 crore in February 2011. Foreign Institutional
Investors (FIIs) invested ` 6,897.8 crore in equity in
March 2011 as compared to ` 4,585.5 crore
liquidated in February 2011. However, FIIs withdrew

` 14.9 crore in debt market in March 2011 as
compared to ` 1,315.7 crore investment in February
2011.
Debt
262
6,898
6,883
Mar-11
-15
1,316
-4,586
-3,270
Feb-11
-4,813
Total
Jan-11
Oct-10
Sep-10
Jul-10
Jun-10
Aug-10
Equity
10,177
5,364
2,050
1,164
3,214
Dec-10
21,211
18,293
2,918
Nov-10
24,303
28,563
-4,260
11,688
14,686
2,999
16,617
8,107
11,249
10,508
741
2,451
-6,986
May-10
Apr-10
-9,437
3,032
9,361
12,393
24,724
24,979
7,690
32,668
Figure 10 : Trends in FIIs Investments (` crore)
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2011
VII. International Markets Comparison

Table1 5: Average Daily Return, Volatility and Month End PE Ratio of International Indices during
March 2011
Index
1
2
Developed Markets
Australia
All Ordinaries
France
CAC 40
Germany
Dax
Hong Kong
Hang Seng
Japan
Nikkei 225
Singapore
Straits Times
UK
FTSE 100
USA
Dow Jones Indus. Avg.
USA
Nasdaq Composite
Emerging Markets
India
Sensex 30
India
S&P CNX Nifty
Argentina
Indice Bolsa General
Brazil
Bovespa
Chile
Stock Market Select
China
Shanghai SE Composite IX
Colombia
IGBC General
Egypt
Hermes
Hungary
Budapest Stock Exchange
Indonesia
Jakatra Composite
Malaysia
FTSE Bursa Malaysia KLCI
Mexico
Bolsa
Pakistan
Karachi 30
Russia
Russian Traded
South Korea
Kospi Index
South Africa
FTSE/JSE Africa All Share
Taiwan
Taiwan Taiex
Thailand
Stock Exchange of Thai
Turkey
ISE National 100
Return
3
NA indicates Not Available.

Source: Bloomberg.
263
Volatility
4
PE Ratio
5
0.0
-0.1
-0.1
-0.1
-0.5
0.1
0.0
0.1
0.0
1.0
1.3
1.4
1.1
3.4
1.0
1.0
1.0
1.1
32.4
12.0
12.8
12.6
17.7
10.9
14.4
14.1
34.6
0.4
0.4
0.0
0.1
0.2
0.3
-0.2
1.2
0.0
0.4
0.1
0.0
0.3
0.3
0.2
0.1
0.0
0.3
0.2
1.3
1.3
1.2
1.0
1.1
0.9
1.4
2.6
1.1
0.9
0.5
0.8
1.4
1.1
1.4
1.2
1.1
0.9
1.5
21.2
22.1
11.4
11.6
17.9
16.8
23.6
13.1
13.5
18.5
17.0
17.5
8.8
12.9
9.2
15.3
14.7
13.8
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During March 2011, the daily volatility for Japan's

Nikkei 225 Index (3.4 percent) were the highest
among the countries under review followed by
Egypt's Hermes Index (2.6 percent), Turkey's ISE
National 100 Index, (1.5 percent), South Korea's
Kospi Index (1.4 percent), Pakistan's Karachi 30
Index (1.4 percent), Colombia's IGBC General
Index (1.4 percent), Germany's Dax Index (1.4
percent), France's CAC Index (1.3 percent), India's
Nifty 50 Index and Sensex Index (1.3 percent),
Argentina's Indice Bolsa General Index (1.2
percent), South Africa's FTSE/JSE Africa All Share
2011
Index (1.2 percent), Taiwan Taiex Index (1.1

percent), Russian Traded Index (1.1 percent),
Hungary's Budapest Stock Exchange Index (1.1
percent), Chile's Stock Market Select Index (1.1
percent), USA's Nasdaq Composite Index (1.1
percent) and Hong Kong's Hang Seng Index (1.1
percent), respectively. Malaysia's FTSE Bursa
Malaysia KLCI Index showed the lowest volatility
at 0.5 percent during the same period (details in
Table 5).
The Average daily return and PE Ratio for March
2011 are given in Table 5.
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2011
PRESS RELEASES
A. GENERAL
etc. employed/working in the Offices of market

intermediaries do not encourage or circulate
rumours or unverified information obtained
from client, industry, any trade or any other
sources without verification.
1. Advice to Intermediaries
SEBI is a regulatory body established by an Act of
Parliament to protect the interests of investors in the
securities market, to promote the development of, to
regulate the securities market and for matters
connected therewith or incidental thereto.
Access to Blogs/Chat forums/Messenger sites

etc. should either be restricted under supervision
or access should not be allowed.
Logs for any usage of such Blogs/Chat forums/

Messenger sites (called by any nomenclature)
shall be treated as records and the same should
be maintained as specified by the respective
Regulations which govern the concerned
intermediary.
SEBI has observed that unauthenticated news

related to various scrips are circulated in blogs/chat
forums/e-mail etc. by employees of Broking
Houses/Other Intermediaries without adequate
caution as mandated in the Code of Conduct for
Stock Brokers. In various instances, it has been
observed that the Intermediaries do not have proper
internal controls and do not ensure that proper
checks and balances are in place to govern the
conduct of their employees. Further, due to lack of
proper internal controls and poor training,
employees of such intermediaries are sometimes not
aware of the damage which can be caused by
circulation of unauthenticated news or rumours. It is
a well established fact that market rumours can do
considerable damage to the normal functioning and
behaviour of the market and distort the price
discovery mechanisms.
Employees should be directed that any market

related news received by them either in their
official mail/personal mail/blog or in any other
manner, should be forwarded only after the same
has been seen and approved by the concerned
Intermediary's Compliance Officer. If an
employee fails to do so, he/she shall be deemed
to have violated the various provisions contained
in SEBI Act/Rules/Regulations etc. and shall be
liable for action. The Compliance Officer shall
also be held liable for breach of duty in this
regard.
In view of the above facts, it is directed to the market

intermediaries that:
Ref: PR No.46/2011 dated March 23, 2011.
Proper internal code of conduct and controls

should be put in place.
2. Caution to Investors
SEBI is a regulatory body established by an Act of
Parliament to protect the interests of investors in the
Employees/temporary staff/voluntary workers

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2011
securities market, to promote the development of

and regulate the securities market, and for matters
connected therewith or incidental thereto.
and to take the following precautions before dealing

in any manner with persons seeking to render such
advice:-
SEBI has been receiving complaints against persons

who have been giving stock-specific advice to
investors and receiving consideration for the same.
Further, it has also come to the notice of SEBI that
some persons are giving investment advice through
the print media or by sending bulk SMS messages
even without entering into any contract or
arrangement or without any consideration.
where the advice is rendered or sought to be

rendered by a body corporate pursuant to a
contract or arrangement, to verify whether it is
registered as portfolio manager under the SEBI
(Portfolio Manager) Regulations, with SEBI.
The list of entities which are registered as
portfolio managers with SEBI can be verified
from the SEBI website www.sebi.gov.in
Section 12 of the SEBI Act, 1992 requires all

intermediaries, including portfolio managers,
associated with the securities market to obtain
registration from SEBI before operating in the
securities market. Under the SEBI (Portfolio
Manager) Regulations, 1993, a portfolio manager is a
body corporate who pursuant to a contract or
arrangement with a client, advises or directs or
undertakes on behalf of the client management or
administration of a portfolio of securities or the
funds of the client.
where the advice is rendered or sought to be

rendered by any person, by means of
advertisements through SMSs, or the electronic
or print media, whether pursuant to or in the
absence of any contract or arrangement, it might
be an attempt to influence market price and lure
investors. Investors are therefore advised to take
adequate care and carry out necessary due
diligence before acting on the basis of such
advice/communication.
The code of conduct for all intermediaries including

portfolio managers provides that the intermediary or
any of his employees shall not render, directly or
indirectly any investment advice about any security in
the publicly accessible media, unless a disclosure of
his long or short position in the said security has
been made, while rendering such advice. The code of
conduct also provides that in case an employee of the
intermediary is rendering such advice, he shall also
disclose the interest of his dependent family
members and the employer including their long or
short position in the said security, while rendering
such advice
3. Allocation of Limits to FIIs/Sub-Accounts

Investment Debt Limit through Bidding
Process
According to SEBI circular No CIR/IMD/FII/3/
2011 dated March 08, 2011; investment limits for
Government debt long term & corporate debt old
limit were available for allocation to the FIIs/ subaccounts in the open bidding platform. The bidding
for these limits took place on March 15, 2011 on the
NSE offered platform.
Pursuant to the bidding, 16 successful bids were
allocated in government debt long term category. In
In this context, investors are advised to be cautious

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corporate debt old limit category 11 successful bids

were allocated.
2011
Mr. Bajranglal Bankatlal Maloo, Bajranglal Maloo

(HUF), Lalchand B Maloo (HUF), Mr. Lalchand
Bankatlal Maloo, Mr. Mahesh Maloo, Mr. Murli S
Maloo, Nandlal B Maloo (HUF), Mr. Sunilkumar S
Maloo, M/s. Krishnum Investments Private Ltd.,
M/s. Lakhi Packaging Private Ltd., M/s. Simple
Mining and Power Private Ltd. and M/s. Taitan
Management Services Private Ltd. vide the adinterim ex-parte Order dated December 2, 2010.
4. Visit to SEBI as a Part of Financial Education

Initiatives of SEBI
As part of its financial education initiatives to impart
basic understanding of securities market, Securities
and Exchange Board of India (SEBI) invites
students (of classes IXth Standard and above) from
schools, colleges and professional institutes in
batches of 60. A slide show regarding securities
market, SEBI and its role as a regulator would be part
of the visit. This will be followed by a brief question
answer session. The head of the institution may send
email in this regard to visitsebi@sebi.gov.in or may
please write to:
Further, the directions issued vide the ad-interim exparte Order dated December 02, 2010 against M/s.
Kanhaiya Mining and Minerals Private Ltd., M/s.
Ambaji Papers Private Ltd., M/s. Inco
Infrastructures Private Ltd., M/s. Ramji Agri
Business Private Ltd., M/s. Runicha Alloys & Steel
Private Ltd. and M/s. Ramkrishna Fabrications &
Machineries Private Ltd. have been revoked with
immediate effect.
B. ORDER
3. Order against Ms. Shyamlal Sultania,

Member, M/s. Calcutta Stock Exchange Ltd. in
the Matter of M/s. G. R. Industries and Finance
Ltd.
1. Order in Respect of M/s. Sanchay Fincom

Ltd. in the Matter of M/s. Doctor's Biotech Ltd.
SEBI passed an order dated March 16, 2011

imposing a penalty of suspension of the certificate
of registration of Ms. Shyamlal Sultania, member,
M/s. Calcutta Stock Exchange Ltd., for a period of
one month in respect of its dealings in the shares of
M/s. G. R. Industries and Finance Ltd.
SEBI passed an order dated March 17, 2011 in the

matter of M/s. Doctor's Biotech Ltd., suspending
the certificate of registration of M/s. Sanchay
Fincom Ltd.., member, M/s. Bombay Stock
Exchange Ltd. (BSE), for a period of one month.
2. Order in the Matter of M/s. Murli Industries

Ltd.
4. Order in Respect of M/s. Triumph

International Finance India Ltd. in the Matter
of M/s. SSI Ltd.

matter of M/s. Murli Industries Ltd. confirming the
directions issued against M/s. Murli Industries Ltd.,

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matter of M/s. SSI Ltd. disposing of the enquiry

proceedings against M/s. Triumph International
Finance India Ltd. without passing any further
directions since their certificate of Registration has
already been cancelled vide order dated May 16,
2002.
2011
for a period of five days in respect of its dealings in

the shares of M/s. Bakra Pratisthan Ltd.
8. Order in Respect of Mr. K. S. Kasiraman, Mr.

K. Natarahjan and Mr. G. Ramakrishnan in the
Matter of M/s. Pyramid Saimira Theatre Ltd.
SEBI has passed an Order dated March 11, 2011 in

the matter of M/s. Pyramid Saimira Theatre Ltd.
(PSTL) restraining Mr. K. S. Kasiraman, Mr. K.
Natarahjan and Mr. G. Ramakrishnan from being an
independent director or a member of audit
committee of any listed company for a period of two
years from March 11, 2011.
5. Order in Respect of M/s. Triumph

International Finance India Ltd. in the Matter
of M/s. Ranbaxy Laboratories Ltd.
disposing of the enquiry proceedings in respect of
M/s. Triumph International Finance India Ltd. in the
matter of M/s. Ranbaxy Laboratories Ltd.
The order states that PSTL inflated its profits and

revenues by fictitious entries in its accounts,
disclosed the same in quarterly and annual results for
the financial year 2007-08 and thereby misled the
public in their investment decisions. The order also
states that, Mr. K. S. Kasiraman, Mr. K. Natarahjan
and Mr. G. Ramakrishnan, who were independent
directors of PSTL and members of its audit
committee at the relevant time, have failed in their
duty of care as an independent director and also they
have failed to review, as members of the audit
committee, the internal control systems, which
generated misleading financial statements. All these
facilitated the company to make false and misleading
disclosures and thereby created artificial prices and
volumes in the securities of PSTL in the market, to
the detriment of innocent investors.
6. Order against M/s. G.R. Pandya Share

Broking Ltd. in the Matter of M/s. G.G.
Automotive Gears Ltd.
Shri Prashant Saran, Whole Time Member, SEBI,
has passed an order dated March 15, 2011 in the
matter of G.G. Automotive Gears Ltd. suspending
the certificate of registration of the stock broker
G.R. Pandya Share Broking Ltd. for a period of one
month.
7. Order against M/s. Rajendra Prasad Shah,

Member, CSE in the Matter of M/s. Bakra
Pratisthan Ltd

imposing a penalty of suspension of the certificate
of registration of M/s. Rajendra Prasad Shah,
member, M/s. Calcutta Stock Exchange Ltd. (CSE),
9. Order against M/s. CFL Securities Ltd. in

Respect of its Dealings in the Shares of M/s.
Ceat Ltd. and M/s. VXL Instruments Ltd. and
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2011
Securities and Exchange Board of India had already

suspended the certificate of registration of the
aforesaid stock broker vide an Order dated
December 7, 2009 till the time it pays outstanding
fees to Securities and Exchange Board of India, the
penalty imposed as mentioned above would run
concurrently with immediate effect.
Order against M/s. Tropical Securities and

Investments Private Ltd. in Respect of its
Dealings in the Shares of M/s. VXL
Instruments Ltd.
SEBI has passed an order dated February 21, 2011 in
the matter of m/S. Ceat Ltd., suspending the
certificate of registration of the stock broker, M/S.
CFL Securities Ltd. for a period of two weeks. As the
Securities and Exchange Board of India had already
suspended the certificate of registration of the
aforesaid stock broker for a period of three weeks
vide an Order dated January 17, 2011 in respect of its
dealings in the shares of M/s. DCM Shriram
Consolidated Ltd., the penalty imposed as
mentioned above would run concurrently and shall
come into force with immediate effect.
Ref: PR No.38/2011 March 10, 2011.
10. Orders in Respect of M/s. Bhartendu

Financial Services Private Ltd., M/s. Kardam
Financial Services Private Ltd., M/s. Leaprofin
Securities Ltd., M/s. Suresh Kumar and M/s.
Rakesh Mishra in the Matter of Hoffland Group
SEBI passed five orders dated March 08, 2011 in the
matter of Hoffland Group cancelling the certificate
of registration of five stock brokers viz. M/s.
Bhartendu Financial Services Private Ltd.-Member
Bombay Stock Exchange Ltd., M/s. Kardam
Financial Services Private Ltd.-Member Cochin
Stock Exchange Ltd., M/s. Leaprofin Securities Ltd.Member OTCEI, M/s. Suresh Kumar and M/s.
Rakesh Mishra-Members of Uttar Pradesh Stock
Exchange Ltd..
SEBI passed another order dated February 21, 2011

in the matter of M/s. VXL Instruments Ltd.,
suspending the certificate of registration of the stock
broker, M/s. CFL Securities Ltd. for a period of two
weeks. As the Securities and Exchange Board of
India had already suspended the certificate of
registration of the aforesaid stock broker for a period
of three weeks vide an Order dated January 17, 2011
(in respect of its dealings in the shares of M/s. DCM
Shriram Consolidated Ltd.) and for a period of two
weeks vide an Order dated February 21, 2011 ((in
respect of its dealings in the shares of M/s. Ceat
Ltd.), the penalty imposed as mentioned above
would run concurrently and shall come into force
with immediate effect.
11. Orders in Respect of M/s. Pals Overseas Pvt.

Ltd. and M/s. Amgis Holdings Pvt. Ltd. in the
Matter of M/s. Sunearth Ceramics Ltd.
SEBI passed two orders dated February 24, 2011, in
the matter of M/s. Sunearth Ceramics Ltd.,
suspending the certificate of registration of stock
brokers M/s. Pals Overseas Pvt. Ltd., member,
Bombay Stock Exchange Ltd. and M/s. Amgis
Holdings Pvt. Ltd., member, National Stock
SEBI passed another order dated March 8, 2011 in

the matter of M/s. VXL Instruments Ltd.,
suspending the certificate of registration of the stock
broker, M/s. Tropical Securities and Investments
Private Ltd. for a period of two weeks. As the
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Exchange of India Ltd. for a period of two months.
2011
As part of NI-MSME's 8-week international

program on 'Promotion of Financial Markets', from
January 24 March 18, 2011 at Hyderabad, 19
participants visited SEBI for this program.
C. CONSENT ORDER
The participants were from various countries like

Afghanistan, Ghana, Guinea, Lao PDR, Mongolia,
Mynamar, Nepal, Nigeria, Tanzania and Yemen
representing various fields like Government,
Banking, Stock exchange, teaching etc. The Program
Director Shri P Udaya Shanker, Head, Centre for
Industrial Credit and Financial Services, NI-MSME
accompanied the participants.
Nil.
D. NEWS ITEMS
Presentation by SRO to Foreign Delegates of
NI-MSME
The Southern Regional Office of SEBI conducted a
program on Regulatory Framework of Financial
Markets on March 01, 2011 for the participants of
the international program of National Institute of
Micro, Small and Medium Enterprises (NI-MSME).
The program was inaugurated by the Regional

Manager, Shri Suresh B Menon. The presentation by
Deputy General Manager- OIAE, Shri. Manjesh S
Roy was followed by question and answer session
fielded by Shri Suresh B Menon
NI-MSME is an institute of the Ministry of Micro,

Small and Medium Enterprises, assisting in the
promoting Small Enterprises, based at Hyderabad.
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2011
CIRCULARS
circular IMD/FII & C/37/2009, no single entity
shall be allocated more than ` 750 cr. of the
investment limit. Where a single entity bids on behalf
of multiple entities, in terms of para 7 of SEBI
circular CIR/IMD/FIIC/18 /2010 dated
November 26, 2010, then such bid would be limited
to ` 750 cr. for every such single entity.
1. Futures on 91-day Government of India

Treasury-Bill (T- Bill)
SEBI decided to permit introduction of futures on
91-day Government of India Treasury-Bill (T- Bill)
on currency derivatives segment of Stock
Exchanges.
Eligible Stock Exchanges may do so after obtaining
prior approval from SEBI.
In partial amendment to clause 3 (c) and 3(d) of the

aforesaid circular IMD/FII &C/ 37/2009, the
minimum amount which can be bid for shall be ` 100
crore and the minimum tick size shall be ` 50 crore.
The details in terms of product design and risk

management framework for futures on 91-day
Government of India Treasury-Bill (T- Bill) are
available at SEBI website.
Source: SEBI/DNPD/03/2011 dated March 07, 2011.
Corporate Debt Old Limit:

In partial amendment to clause 3 (h) of the aforesaid
circular IMD/FII & C/37/2009, no single entity
shall be allocated more than ` 300 cr. of the
investment limit. Where a single entity bids on behalf
of multiple entities, in terms of para 7 of SEBI
circular CIR/IMD/FIIC/18 /2010 dated
November 26, 2010, then such bid would be limited
to ` 300 cr. for every such single entity.
2. Allocation of Government Debt Long Term &

Corporate Debt - Old Investment Limits to FIIs
Based on the assessment of the allocation and the
utilization of the limits to FIIs for investments in
debt, SEBI has decided to allocate the unutilized
limits in Government debt long term & corporate
debt old category in the following manner-
In partial amendment to clause 3 (c) and 3(d) of the

aforesaid circular IMD/FII &C/ 37/2009, the
minimum amount which can be bid for shall be ` 100
crore and the minimum tick size shall be ` 50 crore.
Allocation through Bidding Process: The bidding

for these limits shall be done on the NSE from 15:30
hrs to 17:30 hrs, on March 15, 2011, in terms of SEBI
circular IMD/FII&C/37/2009 dated February 06,
2009, subject to the modifications stated below:-
Allocation through First Come First Serve

Process (FCFS): In terms of SEBI circular dated
January 31, 2008, the Government debt long term &
corporate debt -old limits shall be allocated in the
FCFS basis subject to the following conditions:-
Government Debt Long Term:

In partial amendment to clause 3 (h) of the aforesaid
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2011
The remaining amount in Government debt

long term & corporate debt -old limits other
than bidding process shall be allocated among
the FIIs/sub-accounts on a FCFS basis.
The above circular came into effect from August

01, 2009 and ensured that the entire subscription
amount is invested in the scheme without any
charge of entry load.
The debt requests in this regard shall be

forwarded to the dedicated email id
fii_debtrequests@sebi.gov.in. The window for
FCFS process shall open at 08:30 AM IST,
March 15, 2011.
Prior to August 2009, mutual funds charged both

entry and exit loads on its investors. Since August
2009, mutual funds can charge only exit load. These
load balances are maintained as 'liabilities' in the
books of the scheme and are not included in the net
asset value (NAV).
Maximum limit per request under this process

shall be ` 50 crore.
It is essential to bring about uniformity in usage of

load balances. In this regard, the following have been
decided:
A non-utilisation charge would be levied at

average successful bid premium (in respective
bidding process) for non-utilized part from the
allocation in first come first serve.
The load balance shall be segregated into two

accounts in the books of accounts of the scheme
- one to reflect the balance as on July 31, 2009
and the other to reflect accretions since August
01, 2009.
Source: SEBI/IMD/FIIC/03/2011 dated March 08, 2011.
3. Usage of Load Account
The load balances can be used for marketing and

selling expenses including distributor's/agent's
commissions.
SEBI vide circular SEBI/IMD/Cir-4/168230/09

dated June 30, 2009 had, interalia, mandated the
following :
However, not more than one- third of load

balance as on July 31, 2009 shall be used in any
financial year including the current financial year
2010-11. It is clarified though the unutilized
balances can be carried forward, yet in no
financial year the total spending can be more
than one third of the load balances on July 31,
2009.
There shall be no entry load for all mutual fund

schemes.
The upfront commission to distributors will be

paid by the investor directly to the distributor,
based on his assessment of various factors
including the service rendered by the distributor.
Exit load or CDSC charged to the investor, a

maximum of 1percent of the redemption
proceeds shall be maintained in a separate
account which can be used by the AMC to pay
commissions to the distributor and to take care
of other marketing and selling expenses. Any
balance shall be credited to the scheme
immediately.
The accretions after July 31,2009 can be used by

mutual funds for marketing and selling expenses
including distributor's/agent's commissions
without any restrictions mentioned in para 3.3
above.
Source: SEBI/IMD/DF/04/2011 dated March 09, 2011.
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All the recognized Stock Exchanges are directed to:
4. Listing Agreement for Securitized Debt

Instruments
Give effect to the abovementioned policies and

put in place the Listing Agreement for
securitized debt instruments as set out as per
regulation.
In order to develop the primary market for

securitized debt instruments in India, SEBI has
notified the Securities and Exchange Board of India
(Public offer and Listing of Securitised Debt
Instruments) Regulations, 2008. The regulations
provide for a framework for issuance and listing of
securitized debt instruments by a special purpose
distinct entity (SPDE).
Make consequential changes, if any, to the byelaws of the Exchange, as may be applicable and
necessary.
Source: Cir. /IMD/DF/5/2011 dated March 16, 2011.
Listing of securitized debt instruments would help

improve the secondary market liquidity for such
instruments. With a view to enhance information
available in the public domain on performance of
asset pools on which securitized debt instruments are
issued, it has been decided to put in place a Listing
Agreement for securitized debt instruments. The
Listing Agreement provides for disclosure of pool
level, tranche level and select loan level information.
5. Addendum to Circular no. Cir/ISD/1/2011

dated March 23, 2011
According to circular no. Cir/ISD/1/2011 dated
March 23, 2011 issued regarding unauthenticated
news circulated by SEBI Registered Market
Intermediaries through various modes of
communication.
related news received by them either in their official
mail/personal mail/blog or in any other manner,
should be forwarded only after the same has been
seen and approved by the concerned Intermediary's
Compliance Officer. If an employee fails to do so,
he/she shall be deemed to have violated the various
provisions contained in SEBI Act/Rules/
Regulations etc. and shall be liable for action. The
Compliance Officer shall also be held liable for
breach of duty in this regard.
The Listing Agreement for securitized debt

instruments should come into force with immediate
effect for all 'securitised debt instruments, as defined
under regulation 2(1)(s) of the Securities and
Exchange Board of India (Public Offer and Listing
of Securitised Debt Instruments) Regulations, 2008,
seeking listing on the Stock Exchange.
In respect of listed securitized debt instruments, it is
clarified that SPDEs which make frequent issues of
securitized debt instruments are permitted to file
umbrella offer documents on the lines of a 'shelf
prospectus'.
All other provisions of the circular No.

Cir/ISD/1/2011 dated March 23, 2011 shall remain
unchanged.
In order to ensure uniform market convention for

secondary market trades of securitized debt
instruments, Actual/ Actual day count convention,
shall be mandatory for all listed securitized debt
instruments.
The Stock Exchanges are advised to:

1. bring the provisions of this circular to the notice
of the Stock Brokers and also disseminate the
same on their websites.
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2. make necessary amendments to the relevant byelaws, r ules and regulations for the
implementation of the above decision in coordination with one another to achieve
uniformity in approach.
2011
employees. Due to lack of proper internal controls

and poor training, employees of such intermediaries
are sometimes not aware of the damage which can be
caused by circulation of unauthenticated news or
rumours. It is a well established fact that market
rumours can do considerable damage to the normal
functioning and behaviour of the market and distort
the price discovery mechanisms.
3. communicate to SEBI, the status of the

implementation of the provisions of this
circular in their Monthly Development Reports.
In view of the above facts, SEBI Registered Market

Intermediaries are directed that:
The Depositories are advised to:-
Proper internal code of conduct and controls

should be put in place.
make amendments to the relevant bye-laws,

rules and regulations for the implementation of
the above decision immediately, as may be
applicable/necessary ;
Employees/temporary staff/voluntary workers

etc. employed/working in the Offices of market
intermediaries do not encourage or circulate
rumours or unverified information obtained
from client, industry, any trade or any other
sources without verification.
bring the provisions of this circular to the notice

of their DPs; and
disseminate the same on the website.

Source: SEBI/ISD/2/2011 dated March 24, 2011.
Access to Blogs/Chat forums/Messenger sites

etc. should either be restricted under
supervision or access should not be allowed.
6. Unauthenticated News Circulated by SEBI

Registered Market Intermediaries through
Various Modes of Communication
Logs for any usage of such Blogs/Chat forums/

Messenger sites (called by any nomenclature)
shall be treated as records and the same should
be maintained as specified by the respective
Regulations which govern the concerned
intermediary.
SEBI observed that unauthenticated news related to

various scrips are circulated in blogs/chat forums/email etc. by employees of Broking Houses/Other
Intermediaries without adequate caution as
mandated in the Code of Conduct for Stock Brokers
and respective Regulations of various intermediaries
registered with SEBI.

related news received by them either in their
official mail/personal mail/blog or in any other
manner, should be forwarded only after the
same has been seen and approved by the
concerned Intermediary's Compliance Officer.
If an employee fails to do:
Further, in various instances, it has been observed

that the Intermediaries do not have proper internal
controls and do not ensure that proper checks and
balances are in place to govern the conduct of their
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2011
The Stock Exchanges are advised to:
Tuesday.

of the Stock Brokers and also disseminate the
same on their websites.
The reports filed by the FIIs have been reviewed and

it is noted that as on March 04, 2011 there are no
outstanding short positions reported by the FIIs.
make necessary amendments to the relevant byelaws, r ules and regulations for the
implementation of the above decision in coordination with one another to achieve
uniformity in approach.
While the prohibition on the activity of synthetic

short continues, the FIIs are no longer required to
file these reports, with effect from March 29, 2011, as
there are no outstanding short positions.
Source: SEBI/FII/4/2011 dated March 29, 2011.
communicate to SEBI, the status of the

implementation of the provisions of this
circular in their Monthly Development Reports.
8. FII Investment in Corporate Bonds Infra

Long Term Category
This is in reference to SEBI circular CIR/IMD/
FIIC/18/2010 dated November 26, 2010 wherein
the mechanism of allocation of newly announced
limit of long-term corporate debt (infrastructure)
was announced.
The Depositories are advised to:

make amendments to the relevant bye-laws,
rules and regulations for the implementation of
the above decision immediately, as may be
applicable/necessary
Increase in Overall Limits

of their DPs; and
The existing limit of USD 5 billion for investment by

foreign Institutional investors (FIIs) in corporate
bonds issued by companies in the infrastructure
sector with a residual maturity of over five years has
been increased by an additional limit of USD 20
billion taking the total limit to USD 25 billion. These
investments are now permissible in unlisted
instruments.
disseminate the same on the website

Source: SEBI / ISD/1/2011 dated March 23, 2011.
7. Dissemination of Further Information about

FII Activity Discontinuance of Reporting
With reference to Circular No. IMD/FII&C/32/
2008 dated October 16, 2008 read with Circular No.
IMD/FII&C/34/2008 dated October 20, 2008 and
Circular No. IMD/FII&C/4/2010 dated June 29,
2010 related to reporting of information pertaining
to securities lent by the FIIs to entities abroad.
Investments in Unlisted Bonds

FIIs shall now be eligible to invest in unlisted bonds
issued by companies in the infrastructure sector that
are generally organised in the form of special
purpose vehicles.
Based on these circulars, FIIs have been submitting

weekly reports based on which disclosures have been
made available for public dissemination at every
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Lock-in Period for Investments Subject to Inter

FII Trading
2011
IMD/FII&C/18/2010, it is decided to do away with

the allocation methodology for investment in
Corporate Debt Long term Infra category.
Investments in such bonds shall have a minimum

lock-in period of three years. However, during the
lock-in period, FIIs will be allowed to trade amongst
themselves. During the lock-in period, the
investments cannot however, be sold to domestic
investors.
FII/sub-accounts can now avail of these limits

without obtaining SEBI approval till the overall FII
investments reaches 90% (ninety percent) i.e. USD
22.5 billion. After which the process mentioned in
circular dated November 26, 2010 shall be initiated
for allocation of remaining limits.
No Change in Identification of Companies

Eligible as Infrastructure
Special Window at Exchanges
Identification of corporate bonds issued by

companies in the infrastructure sector shall be in
terms of SEBI circular IMD/FII&C/18/2010 dated
November 26, 2010.
To facilitate to the FIIs during the lock-in period as

mentioned at para 3 above, a special trading window
for FIIs shall be provided by Exchanges on the same
lines as is available for equities in companies where
the overall FII investment has touched the maximum
limit.
Manner of Allocation
Source: SEBI / IMD/FII/5/2011 dated March 31, 2011.
In partial amendment to the aforesaid circular
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2011
ORDER PASSED BY ADJUDICATING OFFICER AND

CHAIRMAN/MEMBERS
1. SEBI imposed a penalty of ` 25,000/- (Rupees
Twenty Five Thousand only) under the
provisions of Section 15 HA of the SEBI Act,
1992 and a penalty of ` 25,000/- (Rupees
Twenty Five
Thousand only) under the
provisions of Section 15 HB of the SEBI Act,
1992 on M/s. Clean Finance and Investments
Ltd. for violation of regulations 4(1), 4(2) (a), (b),
(g) and (n) of SEBI (PFUTP) Regulations, 2003
and Clauses A (1), (2), (3), (4) and (5) of the
Code of Conduct of Stock Brokers of SEBI
(Stock Brokers and Sub-brokers) Regulations,
1992.
violation of the provisions of regulation 4(1)

and
4(2) (a) & (e) of SEBI (PFUTP)
Regulations, 2003, and the provision of Section
12 of SEBI Act, 1992.
5. SEBI imposed a penalty of ` 1,00,000/- (Rupees
One Lakh only) on M/s. C B Management
Services (P) Ltd. under Section 15HB of SEBI
Act, 1992 for violation of regulation 9A (1) (e)
and regulation 13 read with Clause 5 (b) of the
Code of Conduct of RTI/STA Regulations.
6. SEBI imposed a penalty of ` 18,00,000/(Rupees Eighteen Lakh only) on Mr.
Mohamedyunus Mohammedhabib Sareshwala,
Mrs. Saleha Yunus Sareshwala, Mr. Taskeen U
Sareshwala, Mrs. Vajiha Talha Sareshwala, Mrs.
Juveria Puthawala and Mrs. Aaliya Sareshwala for
violation of the provisions of regulations 3, 4(1)
and 4(2) (e) of SEBI (PFUTP) Regulations,
2003.
2. SEBI imposed a penalty of ` 4,50,000/-(Rupees

Four Lakh Fifty Thousand only) on Shri Haresh
Ponsak in terms of the provisions of Section
15HA of SEBI Act,1992 for the violation of the
provisions of Regulations 4(1) & 4(2) (a), (b), (e)
and (g) of SEBI (PFUTP) Regulations, 2003.
3. SEBI imposed a penalty of ` 75,000 (Rupees
Seventy Five Thousand only) on Shri Bharat K
Patel (PAN - AGPPP7995N) in terms of the
provisions of Section 15HA of SEBI Act, 1992
for violation of regulations 4 (1), 4(2) (a) & (e) of
SEBI (PFUTP) Regulations, 2003.

Five Lakh only) on M/s. Neeleama Portfolio
Pvt. Ltd. for violation of Section 11 (2) (i) of
SEBI Act, 1992 and Clause A(1), A(2) & C(6) of
the Code of
Conduct of Stock-brokers,
compliance of which is necessary in terms of
Regulation 7(1) of SEBI (Stock Broker and Subbroker) Regulations, 1992.

One Lakh Twenty Thousand only) on M/s.
MPC Stock Broking Pvt. Ltd. (PAN
AACCM1048F) in terms of the provisions of
Section 15HA and 15HB of SEBI Act, 1992 for
8. SEBI imposed a penalty of ` 14,00,000/(Rupees Fourteen Lakh only) on M/s. Astrol

Dealcom Pvt. Ltd. in terms of the provisions of
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Sections 15HA and 15A(a) of SEBI Act, 1992

for the violation of Regulations 3 and 4 (a), (b),
(c) and (d) of SEBI (PFUTP) Regulations, 1995
read with the provisions of Regulation 13 of
SEBI (PFUTP) Regulations, 2003 and Section
11C(2) read with Sections 11C(3) and 11C(5)
of SEBI Act, 1992.
2011
(PFUTP) Regulations, 2003.

14. SEBI imposed a penalty of `3,00,000/- (Rupees
Three Lakh only) on M/s. Bhagats Joshi (India)
Ltd., for violation of provisions of regulations 3,
4 (a), (b), (c) and (d) of SEBI (PFUTP)
Regulations, 2003.
Five Lakh and Seventy Thousand only) on M/s.
Morgan Financial Service Pvt. Ltd., for violation
of provisions of regulations 3, 4 (a), (b), (c) and
(d) of SEBI (PFUTP) Regulations, 2003.

Fifty Thousand only) on Mr. Neeraj Jain for
violation of regulation 3(i) of SEBI (PIT)
Regulations, 1992.
10. SEBI imposed a penalty of ` 25,000 /- (Rupees
Twenty Five Thousand only) on M/s. Marwadi
Shares and Finance Ltd. under section 15HB for
violation of provisions of para 8, 9 and 2.2 of
the SEBI Circular No. ISD/CIR/RR/
AML/1/06 dated January 18, 2006 read with
Para 4, sub-clause (c) of Suspicious Transactions
Report (Version 1.0) mentioned under Para 6 of
SEBI Circular No. ISD/CIR/RR/AML/2/06
dated March 20, 2006.

Five Lakh and Fifty Thousand only) on Mr.
Zafar Sareshwala for violation of 11C (2) and
11C (3) of SEBI Act, 1992.
17. SEBI imposed a penalty of ` 10,00,000/(Rupees ten Lakh only) on M/s. Mahesh Kothari
Share & Stock Broking Pvt. Ltd., for violation of
11C (2) and 11C (3) of SEBI Act,1992.
18. SEBI imposed a penalty of ` 2, 00,000/(Rupees Two Lakh only) on Shri Yogesh
Akharam Ambekar in terms of the provisions of
Section 15 A (a) of the SEBI Act, 1992 for nonappearance before SEBI and for not furnishing
of the required information/documents in the
matter of M/s. Cupid Ltd., M/s. Garnet
Constructions Ltd. and M/s. Ez-Comm Trade
Technologies Ltd.

Fifty Thousand only) on Mr. Pratik
Rameshchandra Shah for violation of
provisions of regulations 4 (1), 4 (2) (a), (b), (g)
and (n) of SEBI (PFUTP) Regulations, 2003.
12. SEBI imposed a penalty of ` 10,00,000/(Rupees Ten Lakh only) on M/s. Concrete
Credit Ltd., for violation of provisions of
regulations 3, 4 (a),(b),(c) and(d) of SEBI

Five Lakh only) under section 15HA of the
SEBI Act, 1992 and ` 1,50,000 /- (Rupees One
Lakh and Fifty Thousand only) under section
15A(b) of SEBI Act, 1992 on Mr. Arvind Thesia
for violation of the provisions of section 12A
(a), (b) and (c) of SEBI Act, 1992 and regulations

Three Lakh only) on M/s. GIR Marketing &
Trading Co. Pvt. Ltd., for violation of provisions
of regulations 3, 4 (a), (b), (c) and (d) of SEBI
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2011

Five Lakh only) on M/s. Parsoli Corporation
Ltd., for violation of section 11c (2) read with
section 11C (3) of SEBI Act, 1992.
3 (c) and 4(1) of SEBI (PFUTP), 2003 and

Regulation 13(4) read with 13(5) of SEBI (PIT),
1992.
Lakh and Fifty Thousand only) under section
15A(b) of SEBI Act, 1992 on Mr. Bankim Patel
(a), (b) and (c) of SEBI Act, 1992 and Regulation
3 (c) and 4(1) of SEBI (PFUTP), 2003.
25. SEBI restrained Mr. K. S. Kasiraman, Mr. K.

Natarahjan and Mr. G. Ramakrishnan from
being an independent director or a member of
audit committee of any listed company for a
period of two years for violating Section 12A of
SEBI Act, 1992 and regulation 3(b), 3(c), 3(d),
4(1), 4(2) (e), 4(2)(f), 4(2)(k), 4(2)(r) of SEBI
(PFUTP), 2003.
21. SEBI imposed a penalty of ` 12,00,000/(Rupees Twelve Lakh only) on Mr. Bhavesh
Pabari ( ` 10,00,000/- under the provisions of
section 15 HA of the SEBI Act, 1992 and `
2,00,000/- under the provisions of section 15
A(b) of the SEBI Act, 1992) for violation of the
provisions of the Regulations 7 (1) and (2) of
SEBI (SAST) Regulations, 1997 and regulations
13 (1), (3) and (5) of SEBI (PIT), 1992.
26. SEBI cancelled the certificate of registration of

M/s. Bhratendu Financial Service Pvt. Ltd.,
member of Bombay Stock Exchange for
violation of regulation 5 (e) ( read with 5A and
6A (d) of the Code of Conduct of Stock Brokers
of SEBI (Stock Brokers and Sub-brokers)
Regulations, 1992.
M/s. Kardam Financial Services Pvt. Ltd.,
member of Cochin Stock Exchange for
violation of regulation 5 (e) ( read with 5A and
6A (d) of the Code of Conduct of Stock Brokers
of SEBI (Stock Brokers and Sub-brokers)
Regulations, 1992.

Lakh Fifty Thousand only) under section 15A(b)
of SEBI Act, 1992 on Mr. Mahendra Panchani
(a), (b) and (c) of SEBI Act, 1992 and Regulation
3 (c) and 4(1) of SEBI (PFUTP), 2003.

M/s. Leaprofin Securities Ltd for violation of
regulation 5 (e) (read with 5A and 6A (d) of the
1992.

Lakh Fifty Thousand only) under section 15A(b)
of SEBI Act, 1992 on Mr. Suresh Mavani for
violation of regulations 3(a) and 4 (2) (e) of
SEBI (PFUTP), 2003.

M/s Rakesh Mishra, member of Uttar Pradesh
Stock Exchange for violation of regulation 5 (e) (
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2011
read with 5A and 6A (d) of the Code of Conduct

of Stock Brokers of SEBI (Stock Brokers and
Sub-brokers) Regulations, 1992.
00,000/- (Rupees Two Lakh only) on its director,

Shri Rajendra Bubna for violation of regulations
4 (2) (a) and (e) of SEBI (PFUTP), 2003.

M/s Suresh Kumar, member of Uttar Pradesh
Stock Exchange for violation of regulation 5 (e)
(read with 5A and 6A (d) of the Code of
Conduct of Stock Brokers of SEBI (Stock
Brokers and Sub-brokers) Regulations, 1992.
35. SEBI imposed a penalty of ` 2, 00,000/(Rupees Two Lakh only) on M/s. New Wave
Dealer Pvt. Ltd., ` 2, 00,000/- (Rupees Two
Lakh only) on its director, Shri Gopichand
Banshal and ` 2, 00,000/- (Rupees Two Lakh
only) on its director, Shri Rajendra Bubna for
violation of regulations 4 (2) (a) and (e) of SEBI
(PFUTP), 2003.
31. SEBI suspended the certificate of registration

of the stock broker, M/s. Rajendra Prasad Shah,
member of Calcutta Stock Exchange, for a
period of five days, for violation Regulations
4(2)(a), (e) and (o) of SEBI (PFUTP), 2003 and
Clauses A(1) to A(4) and B(4)(a) of the Code of
Conduct of Stock Brokers of SEBI (Stock
Brokers and Sub-brokers) Regulations, 1992.
36. SEBI imposed a penalty of ` 2, 00,000/(Rupees Two Lakh only) on M/s. Vayudoot
Commercial Pvt. Ltd., ` 2, 00,000/- (Rupees
Two Lakh only) on its director, Shri Gopichand
Banshal and ` 2, 00,000/- (Rupees Two Lakh
only) on its director, Shri Rajendra Bubna for
(PFUTP), 2003.

of the stock broker, M/s. Tropical Securities and
Investments Private Ltd., trading member of
Bombay Stock Exchange for a period of two
weeks, for violation of Regulation 4(a) and (b) of
SEBI (PFUTP), 2003 and Clause A(3), (4) and
(5) of the Code of Conduct of Stock Brokers of
SEBI (Stock Brokers and Sub-brokers)
Regulations, 1992.
37. SEBI imposed a penalty of ` 2, 00,000/(Rupees Two Lakh only) on Ms. Kajal Shah for
violation of section 11c (2) read with section
11C (3) of SEBI Act, 1992.
38. SEBI imposed a penalty of ` 2, 00,000/(Rupees Two Lakh only) on Ms. Kajal Shah for
violation of regulation 4(1), 4(2) (a), (b), (e) and
(g) of SEBI (PFUTP), 2003.
33. SEBI imposed a penalty of ` 2, 00,000/(Rupees Two Lakh only) on M/s. Anushree
Trade Link Pvt. Ltd. and ` 2, 00,000/- (Rupees
Two Lakh only) on Shri Anil Kumar Khemka for
(PFUTP), 2003.
39. SEBI imposed a penalty of ` 1, 00,000/(Rupees One Lakh only) on M/s. Religare
Finvest Ltd., for violation of the provisions of
the Regulations 7 (1) and (2) of SEBI (SAST)
Regulations, 1997 and regulations 13 (1), (3) and
(5) of SEBI (PIT), 1992.
34. SEBI imposed a penalty of ` 2, 00,000/(Rupees Two Lakh only) on M/s. Excel Vyapaar
Pvt. Ltd., ` 2, 00,000/- (Rupees Two Lakh only)
on its director, Shri Gopichand Banshal and ` 2,
40. SEBI imposed a penalty of ` 1, 50,000/(Rupees One Lakh Fifty Thousand only) on
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M/s. Remidicherla Infra & Power Ltd., for

violation of the provisions of the Regulations 8
(3) of SEBI (SAST) Regulations, 1997.
2011
M/s. G. R. Pandya Share Broking Ltd., for

violation of regulations 4 (a), (b), (c) and (d) of
SEBI (PFUTP), 2003 and the Code of Conduct
41. SEBI imposed a penalty of ` 3, 00,000/(Rupees Three Lakh only) on Mr. Vinayak
Sarkhot, for regulation 3 (a), 3(b), 3(c), 3(d), 4(1),
4(2) (a), 4(2)(b), 4(2)(e) and 4(2)(g) of SEBI
(PFUTP), 2003.
47. SEBI imposed a combined penalty of

` 25,00,000/- (Rupees Twenty Five Lakh only)
on M/s. Motorol Enterprise Ltd. for violation of
Section 15 C and 15 A(a) of SEBI Act, 1992 on
account of failing to furnish any document,
return or report to SEBI and fails to redress
grievances within the time specified by SEBI.
42. SEBI imposed a penalty of ` 2, 00,000/(Rupees Two Lakh only) on M/s. Ashi Forgo
48. SEBI imposed a consolidated penalty of ` 3,

00,000/- (Rupees Three Lakh only) on Mr.
Sayyed Mustafa under the provisions of section
15 HA of the SEBI Act, 1992 and section 23 H
of the SCRA, 1956 for violating the provisions
of regulations 3 (a), 4(1), 4(2) (a) & (e) of the
SEBI (PFUTP), Regulations 2003 and
provisions of section 13 and 16 read with section
18 of the SCRA, 1956.
43. SEBI imposed a penalty of ` 2, 00,000/(Rupees Two Lakh only) on M/s. Elexi
Consultancy Services Pvt. Ltd., ` 2, 00,000/(Rupees Two Lakh only) on its director, Shri
Gopichand Banshal and ` 2, 00,000/- (Rupees
Two Lakh only) on its director, Shri Rajendra
Bubna for violation of regulations 4 (2) (a) and
(e) of SEBI (PFUTP), 2003.
49. SEBI imposed a penalty of ` 2, 00,000/(Rupees Two Lakh only) on M/s. Graceful
Advisors Pvt. Ltd. and ` 2, 00,000/- (Rupees
Two Lakh only) on Shri Hare Krishna Behera
under section 15HA of SEBI Act, 1992 for
(PFUTP), 2003.
44. SEBI imposed a penalty of ` 10, 00,000/(Rupees Ten Lakh only) on Shri Jalaj I Batra for
violation of section 11C (2) read with section
11C (3) and 11C (5) of SEBI Act, 1992.
45. SEBI restrained M/s. G. R. Industries and
Finance Ltd., from accessing the securities
market and also prohibited it from buying,
selling or other-wise dealing or accessing with
the securities market in any manner for a certain
period for violation of regulations 4 (2) (a) and
(e) of SEBI (PFUTP), 2003.
50. SEBI imposed a penalty of ` 2, 00,000/(Rupees Two Lakh only) on M/s. Excel Vyapaar

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Fifty Thousand only) on M/s. Galaxy Broking
Ltd. Pvt., in terms of the provisions of Section
15 HB of the SEBI Act, 1992 for its failure to
abide by the provisions of Regulations 26(xvi)
of the SEBI (Stock Brokers and Sub-Brokers)
Regulations, 1992.
2011
56. SEBI imposed a penalty of ` 5, 00,000/(Rupees Five Lakh only) on Shri Piyush Shah,
under Section 15HA of the SEBI Act, 1992 for
violation of Regulations 4 (1) and 4 (2) (a), (b) &
(e) of the SEBI (PFUTP) Regulations, 2003.
57. SEBI imposed a penalty of ` 10,00,000/(Rupees Ten Lakh only) on M/s. Shukun
Construction Ltd. in terms of the provisions of
Sections 15A(a) for violating Section 11C (2) &
(5) of the SEBI Act, 1992.
52. SEBI imposed a consolidated penalty of

` 12,00,000/- (Rupees Twelve Lakh only) on
Smt. Shilpa Dave in terms of the provisions of
Sections 15A(a) and 15H of the SEBI Act,1992
for the violation of Section 11C(3) of the SEBI
Act, 1992 and Regulations 7 and 10 of SEBI
(SAST) Regulations, 1997.
58. SEBI imposed a penalty of ` 1, 50,000/(Rupees One Lakh Fifty Thousand only) on
M/s. Gama Commerce Ltd., under Section
15HA of the SEBI Act, 1992 for violation of
Regulations 4 (2) (a) & (e) of the SEBI (PFUTP)
Regulations, 2003.
53. SEBI imposed a penalty of ` 2, 00,000/(Rupees Two Lakh only) on M/s. Swaranganga
Trading Pvt. Ltd. and ` 2, 00,000/- (Rupees Two
Lakh only) on Shri Anil Kumar Khemka under
section 15HA of SEBI Act, 1992for violation of
regulations 4 (2) (a) and (e) of SEBI (PFUTP),
2003.
59. SEBI imposed a penalty of `2, 00,000/- (Rupees

Two Lakh only) on M/s. SKM Travels Pvt. Ltd.
and ` 2, 00,000/- (Rupees Two Lakh only) on
Shri Anil Kumar Khemka under section 15HA
of SEBI Act, 1992 for violation of regulations 4
(2) (a) and (e) of SEBI (PFUTP), 2003.
54. SEBI imposed a combined penalty of `

17,00,000/- (Rupees Twenty Five Lakh only) on
M/s. Gujarat Investment Castings Ltd. for
violation of Section 15 C and 15 A(a) of SEBI
Act, 1992 on account of failing to furnish any
document, return or report to SEBI and fails to
redress grievances within the time specified by
SEBI.
60. SEBI imposed a penalty of ` 2, 00,000/(Rupees Two Lakh only) on Shri Rajendra
Bubna, Director of M/s. Ashi Forge Pvt. Ltd.,
M/s. Elexi Consultancy Services Pvt. Ltd., M/s.
Excel Vyapaar India Pvt. Ltd., M/s. Truly
Consultancy Services Pvt. Ltd., M/s. Vayudoot
Commercial Pvt. Ltd. and M/s. New Wave
Dealer Pvt. Ltd. under section 15A (a) of SEBI
Act, 1992 for non compliance with SEBI
summonses.
55. SEBI imposed a penalty of ` 2, 00,000/(Rupees Two Lakh only) on M/s. Truly
Consultancy Services Pvt. Ltd. and ` 2, 00,000/(Rupees Two Lakh only) on Shri Gopichand
Banshal under section 15HA of SEBI Act, 1992
for violation of regulations 4 (2) (a) and (e) of
SEBI (PFUTP), 2003.
61. SEBI imposed a penalty of ` 10,00,000/(Rupees Ten Lakh only) on Mr. Jatin Shah under
the provisions of section 15 HA of the SEBI
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Act, 1992 for violating the provisions of

Regulation 3(a),(b),(c),(d) and 4(1) of the SEBI
2011
Regulations, 2003 and clauses A(1) (2) (3) (4) and

(5) of the Code of Conduct of Stock Brokers of
SEBI (Stock Brokers and Sub-brokers)
Regulations, 1992.
62. SEBI imposed a penalty of ` 2, 00,000/(Rupees Two Lakh only) on Shri Gopichand
Banshal, Director of M/s. Ashi Forge Pvt. Ltd.,
M/s. Elexi Consultancy Services Pvt. Ltd., M/s.
Excel Vyapaar India Pvt. Ltd., M/s. Truly
Consultancy Services Pvt. Ltd., M/s. Vayudoot
Commercial Pvt. Ltd. and M/s. New Wave
Dealer Pvt. Ltd. under section 15A (a) of SEBI
Act, 1992 for non compliance with SEBI
summonses.
66. SEBI imposed a penalty of ` 2, 50,000/(Rupees Two Lakh Fifty Thousand only) on
M/s. Samradha Finstock Pvt. Ltd. under section
15HA of the SEBI Act, 1992 for violating
Regulation 4(1) (2)(a) (b) and (g) of the SEBI
67. SEBI imposed a penalty of ` 3, 00,000/(Rupees Three Lakh only) on Mr. Pritam Mohite
under section 15HA of the SEBI Act, 1992 for
violating Regulation 4(1), 4 (2) (a), 4(2) (b) and
4(2) (g) of the SEBI (PFUTP) Regulations, 2003.

Fifty Thousand only) on Mr. Mukesh Choksi, in
terms of the provisions of Section 15A (b) of
the SEBI Act, 1992 for violating regulation 7(1)
read with regulation 7(2) of the SEBI (SAST)
Regulations, 1997.

of the stock broker Mr. Adolf pinto for a period
of one month for violating Regulation 4 (a), (b),
(c), and (d) of the SEBI (PFUTP) Regulations,
2003 and clauses A(1) (2) (3) (4) and (5) of the
1992.

Fifty Thousand only) on M/s. Parklight
Securities Ltd. , in terms of the provisions of
Section 15A (b) of the SEBI Act, 1992 for
violating violation of regulation 7(1) read with
regulation 7(2) of the SEBI (SAST) Regulations,
1997.

of the stock broker M/s. Shreehari Hira Stock
Broking Pvt. Ltd. for a period of one month for
violating Regulation 4 (a), (b), (c), and (d) of the
SEBI (PFUTP) Regulations, 2003 and clauses
A(1) (2) (3) (4) and (5) of the Code of Conduct
65. SEBI imposed a consolidated penalty of ` 2,

00,000/- (Rupees Two Lakh only) on M/s.
Shelter Agencies and Securities Pvt. Ltd. under
section 15HA and 15HB of SEBI Act, 1992 for
violating the provisions of Regulation 4(1), 4(2)
(a),(b),(g), and (n) of the SEBI (PFUTP)
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2011
HIGHLIGHTS OF DEVELOPMENTS IN
INTERNATIONAL SECURITIES MARKETS
1. World Bank Issues Policy Paper on SelfRegulation in Securities Markets
should be delivered and whether a layered approach

should be used; and at what point in time the
information should be delivered. IOSCO is also
encouraging further work by appropriate bodies on
POS disclosure regarding products similar to CIS.
The World Bank has published a working paper that

canvasses the trends in self-regulation and the role of
self-regulation in securities markets in different parts
of the world. The paper also describes the conditions
in which self-regulation might be an effective
element of securities markets regulation, particularly
in emerging markets. Finally, it reviews different
models of self-regulation, including exchange selfregulatory organizations, member (or independent)
self-regulatory organizations, and industry or dealers'
associations.
Source: http://iosco.org/library/pubdocs/pdf/
IOSCOPD343.pdf.
3. IOSCO Publishes Report on Trading of

OTC Derivatives
The International Organization of Securities
Commissions' (IOSCO) Technical Committee
published a report, Trading of Over the Counter
(OTC) Derivatives, that analyzes the benefits, costs,
and challenges associated with increasing exchange
and electronic trading of OTC derivative products. It
also contains recommendations to assist the
transition of trading in standardized derivatives
products from OTC venues onto exchanges and
electronic trading platforms (organized platforms)
while preserving the efficacy of those transactions
for counterparties.
Source:http://www.wds.worldbank.org/external/defaul
t/WDSContentServer/WDSP/IB/2011/01/24/000158349
_20110124091038/Rendered/PDF/WPS5542.pdf.
2. IOSCO Issues Final Report on Point of Sale

Disclosure
Commissions (IOSCO) Technical Committee
published a final report on Point of Sale Disclosures
that analyzes issues requiring key information
disclosures to retail investors relating to collective
investment schemes (CIS) and their distribution
prior to the point of sale (POS). The report covers
the following issues: whether regulatory disclosures
are effective in addressing information asymmetries
that exist between investors, producers and sellers;
what constitutes key information; how information
The report concludes that it is appropriate to trade

standardized derivatives contracts with a suitable
degree of liquidity on organized platforms, and that a
flexible approach to defining what constitutes an
organized platform for derivatives trading would
maximize the number of standardized derivative
products that can be appropriately traded on these
venues. It identifies characteristics that an organized
platform should exhibit to fulfill the G-20 Leaders'
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objectives, as well as the benefits and costs associated

with transitioning trading of derivatives from OTC
venues onto organized platforms. It also presents a
range of actions that regulators may choose to take to
increase organized platform trading of OTC
derivatives products.
2011
September 2010 and the Hedge Fund as

Counterparty Survey (HFACS) conducted in
October 2010. The latest results suggest that the
footprint of surveyed hedge funds remains small
within most markets and leverage is largely
unchanged, so that risks to financial stability through
the market channel seem limited.
Source: http://www.iosco.org/library/pubdocs/pdf/
IOSCOPD345.pdf.
In addition, counterparties have increased margin

requirements and tightened other conditions on their
exposures to hedge funds since the crisis, increasing
their resilience to hedge fund defaults. Nevertheless,
some risks to hedge funds remain, particularly if they
are unable to manage a sudden withdrawal of
liabilities during a crisis period, potentially resulting
in forced asset sales.
4. BIS Publishes Working Paper on LongTerm Economic Impact of Basel III

The Bank of International Settlements (BIS)
published a working paper that assesses the longterm economic impact of the new Basel III
regulatory standards, the impact of the reform on
economic fluctuations and the impact of the
adoption of countercyclical capital buffers on
economic fluctuations.
Source: http://www.fsa.gov.uk/pubs/other/
hf_survey.pdf.
6. IOSCO Publishes Paper on Mitigating

Systemic Risk
The paper found that each percentage point increase

in the capital ratio causes a median 0.09 percent
decline in the level of steady state output, relative to
the baseline. The impact of the new liquidity
regulation is of a similar order of magnitude, at 0.08
percent. The paper does not estimate the benefits of
the new regulation in terms of reduced frequency
and severity of financial crisis. It also found that the
adoption of countercyclical capital buffers could
have a more sizeable dampening effect on output
volatility.

Commissions' (IOSCO) Technical Committee
published Mitigating Systemic Risk - A Role for
Securities Regulators, a paper that focuses on the role
securities regulators play in addressing systemic risk.
The discussion paper puts into context the role of
securities regulators with respect to systemic risk and
outlines the following findings: disclosure and
transparency are critical to identifying the
development of systemic risk; robust regulatory
supervision of business conduct is essential to
managing conflicts of interest and the buildup of
undesirable incentive structures; financial innovation
and its implications for financial stability should be a
focus for securities regulators; and securities
Source: http://www.bis.org/publ/work338.pdf.
5. FSA Publishes Report on Sources of

Systemic Risk from Hedge Funds
The FSA published a report that examines the results
of the latest Hedge Fund Survey (HFS) conducted in
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regulators should work with other supervisors to

improve the overall understanding of the economics
of the securities markets, their vulnerabilities and the
interconnections with the broader financial sector
and the real economy.
2011
the regulatory programs have been based.

IOSCOPD346.pdf.
8. ECB Publishes Report on Developments in

Securitization Regulation
IOSCOPD347.pdf.
The European Central Bank (ECB) published a

report that provides an overview of recent
developments in the European securitization
markets and relates them to factors impacting
demand for and the supply of securitized products.
7. I O S C O I s s u e s F i n a l R e p o r t o n
Implementation of CRA Principles
The Technical Committee of the International
Organization of Securities Commissions (IOSCO)
issued a final report, the Regulatory Implementation
of the Statement of Principles Regarding the
Activities of Credit Rating Agencies (CRA), which
reviewed CRA supervisory initiatives in Australia,
the European Union (EU), Japan, Mexico, and the
United States.
The report is part of the strand of Banking

Supervision Committee (BSC) work that reflects on
the impact of the financial crisis on structural
features of the banking system, and follows earlier
reports on the incentive structure of the originate
and distribute model and on EU banks' funding
structures and policies. The data analyzed in the
report show that overall issuance has continued in
Europe and the United States despite the crisis, albeit
at lower levels and supported to a significant degree
by public institutions.
The review found that while the structure and

specific provisions of the different programs may
vary, the objectives of IOSCO's CRA Principles are
embedded into each of the programs. The principles
also provide the building blocks upon which many of
Source: http://www.ecb.int/pub/pdf/other/
286
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ANNEXURES
A1A
Annexures
Company-Wise Capital Raised through Public and Rights Issues during March 2011
A1B
A2
Preferential Allotments Listed at BSE and NSE

Rating Assigned to IPOs during March 2011
A3
Open Offers under SEBI Takeover Code closed during March 2011
A4
Private Placement of Corporate Debt Reported to BSE and NSE

1
SEBI Registered Market Intermediaries/Institutions
Capital Raised from the Primary market through though Public and Rights Issues
Capital Raised from the Primary Market through Qualified Institutions' Placement (QIP)
Industry-wise Classification of Capital Raised through Public and Rights Issues
Sector-wise and Region-wise Distribution of Capital Mobilised through Public and Rights Issues
Size-wise Classification of Capital Raised through Public and Rights Issues
Distribution of Turnover on Cash Segments of Exchanges
Cash Segment of BSE
Cash Segment of NSE
10
Trends in Cash Segment of BSE, during March 2011
11
12
Trends in Cash Segment of NSE during March 2011

Turnover and Market Capitalisation at BSE and NSE during March 2011
13
Component Stocks: BSE Sensex during March 2011
14
Component Stocks: S&P CNX Nifty index during March 2011
15
Volatility of Major Indices
16
City-wise Distribution of Turnover on Cash Segments of BSE and NSE
17
Advances/Declines in Cash Segment of BSE and NSE (No. of Securities)
18
Trading Frequency in Cash Segment of BSE and NSE
19
Percentage Share of Top 'N' Securities/Members in Turnover of Cash Segment
20
Settlement Statistics for Cash Segment of BSE
21
Settlement Statistics for Cash Segment of NSE
22
Equity Derivatives Segment at BSE (Turnover in Notional Value)
23
Equity Derivatives Segment at NSE (Turnover in Notional Value)
24
Equity Derivatives Trading at NSE during March 2011 (Turnover in Notional Value)
25
Settlement Statistics in Equity Derivatives Segment at BSE and NSE
287
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26
Trends in Trading in the Corporate Debt Market
27
Trading Statistics of Currency Derivatives Segment
28
Daily Trends of Currency Derivatives Trading during March 2011
29
Settlement Statistics of Currency Derivatives Segment
30
Trading Statistics of Interest Rate Futures Segment
31
Interest Rate Futures trading at NSE during March 2011
32
Settlement Statistics in Interest Rate Futures Segment
33
Trends in Foreign Institutional Investment
34
Daily Trends in Foreign Institutional Investment during March 2011
35
Trends in Resource Mobilization by Mutual Funds
36A
Type-wise Resource Mobilisation by Mutual Funds: Open-ended and Close-ended
36B
Scheme-wise Resource Mobilisation by Mutual Funds
37
Trends in Transactions on Stock Exchanges by Mutual Funds
38
Substantial Acquisition of Shares and Takeovers
39
40.
Progress Report of NSDL & CDSL as on March 31, 2011

Progress of Dematerialisation at NSDL and CDSL
41.
Assets under the Custody of Custodians
42
Ratings Assigned for Long-term Corporate Debt Securities (Maturity

1 year)
43.
Review of Accepted Ratings of Corporate Debt Securities (Maturity

1 year)
44.
Macro Economic Indicators

Daily Return and Volatility: Select World Stock Indices
45.
N.B. :
1.
2.
3.
4.
NA = Not Applicable/Available.
1 crore = 10 million = 100 lakh.
The total provided in the Annexure and Statistical Tables may not always match with the sum total of
the break-ups due to decimal differences.
The data for the current month is provisional.
288
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2011
Table A1 A: Company-Wise Capital Raised through Public and Rights Issues during March 2011
SL.
No.
Name of the Issuer/

Company
Date of
Opening
Type Type
No. of
of
of
Shares/Bonds
Issue Instru
Issued
ment
4
Par
Value
(` )
7
Premium Issue
Value
price
(` )
( `)
8
Size of
Issue
(` crore)
10
EIH Ltd
1-Mar-11
Rights Equity
17,86,15,442
64
66
1,179
Lovable Lingerie Ltd
8-Mar-11
IPO Equity
45,50,000
10
195
205
93
The Karnataka Bank Ltd
8-Mar-11
Rights Equity
5,37,69,935
10
75
85
457
Arrow Textiles Ltd
12-Mar-11
Rights Equity
54,41,126
10
11
PTC India Financial Services Ltd
16-Mar-11
IPO Equity
15,67,00,000
10
18
28
433
Shilpi Cable Technologies Ltd
22-Mar-11
IPO Equity
80,98,145
10
59
69
56
Central Bank Of India
24-Mar-11
Rights Equity
24,24,84,876
10
93
103
2,498
Tulsyan NEC Ltd
25-Mar-11
Rights Equity
1,00,00,000
10
40
50
50
State Bank of Bikaner & Jaipur
28-Mar-11
Rights Equity
2,00,00,000
10
380
390
780
10
Krypton Industries Ltd
30-Mar-11
Rights Equity
73,10,680
10
15
11
Note: Issue was under alternate book building mechanism thereby Issue price was on discriminatory basis.
All the Issues are compiled from the Prospectus of Issuer Companies filed with SEBI.
Source: SEBI.
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2011
Table A1B : Preferential Allotments Listed at BSE and NSE

Year/ Month
BSE@
NSE@
Common#
Total
No issue
Amount
(` crore)
No issue
Amount
(` crore)
No issue
Amount
(` crore)
No issue
Amount
(` crore)
2010-11
78
1,340
151
12,019
139
17,099
368
30,458
Apr-10
19
548
322
22
878
May-10
20
383
13
408
275
37
1,066
Jun-10
20
372
31
2,728
408
60
3,507
Jul-10
78
26
1,000
12
154
42
1,232
Aug-10
305
13
547
17
3,113
35
3,965
Sep-10
10
-5
-53
16
3,543
12
3,500
Oct-10
53
19
5,667
27
5,720
Nov-10
33
11
458
17
491
Dec-10
13
318
11
1,103
24
1,422
Jan-11
10
85
-4
-50
34
2,063
40
2,098
Feb-11
13
10
618
13
4,928
26
5,559
Mar-11
16
288
10
732
26
1,020
@ The issues are only listed at respective exchange.

# The issues listed both BSE and NSE.
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2011
Table A2 : Rating Assigned to IPOs during March 2011
Sr. No.
Name of the Company
Credit Rating
Agencies
Rating
Assigned
Palco Recycle Industries Ltd.
CARE
Aravali Infrapower Ltd.
CARE
Sonear Industries Ltd
CARE
Betul Oil Ltd
CARE
Future Ventures India Ltd
CARE
Scotts Garments Ltd
CARE
PG Electroplast Ltd.
CARE
Innoventive Industries Ltd
ICRA
Muthoot Finance Ltd
ICRA
10
Paramount Printpackaging Ltd
ICRA
11
Vaswani Industries Ltd
ICRA
12
SVEC Constructions Ltd
ICRA
13
PTC India Financial Services Ltd
CRISIL
14
Muthoot Finance Ltd
CRISIL
15
VRL Logistics Ltd
CRISIL
16
One97 Communications Ltd
CRISIL
17
Aanjaneya Lifecare Ltd
CRISIL
Note : a) IPO grading is the grade assigned by a Credit Rating Agency (CRA) registered with SEBI.
b) The IPO grading is assigned on a five point scale from 1 to 5 with an IPO Grade 5 indicating strong
fundamentals..and an IPO Grade 1 indicating poor fundamentals.
Source: Credit Rating Agencies.
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2011
Table A3 : Open Offers under SEBI Takeover Code closed during March 2011
Offer Size
Acquirer
Offer
Opening
Date
Offer
Closing
Date
No. of
Shares
Percent of
Equity
Capital
Offer
Price
(`) per
share
Sterlite Infotech Ltd, Tuff Tubes

Pvt.Ltd & Others
5-Mar-11
14-Feb-11
10,20,320
20.0
10.0
Visisth Mercantile Ltd
Rahul Shah, Dsr Infotech Pvt.Ltd
14-Mar-11
22-Feb-11
5,60,000
20.0
172.0
Marathwada refractories ltd.
Mr.Sushil Pandurang Mantri
14-Mar-11
23-Feb-11
1,40,000
20.0
397.0
Surya roshni ltd.
Jai Prakash Agarwal, Lustre

Merchants(P)Ltd, Scpl
19-Mar-11
28-Feb-11
87,66,250
20.0
111.0
Kailash Auto Finance Ltd
M/s Padma Impex Private Ltd
21-Mar-11
28-Feb-11
7,61,180
20.0
3.0
Residency Projects And

Infratech Ltd
Valuemart Retail India Ltd
21-Mar-11
28-Feb-11
1,91,770
20.0
27.0
Lloyds Steel Industries Ltd
Shree Global Tradefin Ltd, Trump

Investments Ltd
22-Mar-11
3-Mar-11
7,82,67,650
20.0
14.0
D .D. Leasing Ltd
Rajiv,Tanisha & Kunal

Gambhir,Renu Chadda,Mlfpl
28-Mar-11
9-Mar-11
1,89,190
20.0
5.0
Sl.
No.
Target Company
Bio Whitegold Industries Ltd.
Source: SEBI.
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2011
Table A4: Private Placement of Corporate Debt Reported to BSE and NSE
NSE
Month
BSE
Common
Total
No. of
Issues
Amount
(` crore)
No. of
Issues
Amount
(` crore)
No. of
Issues
Amount
( ` crore)
No. of
Issues
Amount
(` crore)
2007-08
580
90,718
120
11,711
44
16,056
744
1,18,485
2008-09
699
1,24,810
285
17,045
57
31,426
1,041
1,73,281
2009-10
647
1,43,286
597
49,739
34
19,610
1,278
2,12,635
2010-11
774
1,53,370
591
52,591
39
12,825
1,404
2,18,785
Apr-10
77
10,701
60
5,223
590
139
16,514
May-10
68
20,132
42
2,742
1,100
112
23,974
Jun-10
100
16,083
37
4,273
500
138
20,856
Jul-10
83
20,324
59
3,589
2,152
146
26,065
Aug-10
50
10,286
25
2,594
500
76
13,380
Sep-10
69
9,250
47
4,127
2,362
120
15,739
Oct-10
59
10,320
48
5,208
1,100
109
16,628
Nov-10
35
9,903
54
4,341
89
14,243
Dec-10
33
11,798
50
4,584
18
429
101
16,811
Jan-11
111
13,557
58
4,765
500
170
18,822
Feb-11
42
7,051
47
6,336
967
90
14,354
Mar-11
47
13,966
64
4,809
2,625
114
21,399
@ The issues are only listed at respective exchange.

# The issues listed both BSE and NSE.
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2011
Table 1: SEBI Registered Market Intermediaries/Institutions

Market Intermediaries
1
Stock Exchanges (Cash Market)
2008-09
2009-10
2010-11
19
19
19
Stock Exchanges (Derivatives Market)
Stock Exchanges (Currency Derivatives)
Brokers (Cash Segment) *
9,628
9,772
10,203
Corporate Brokers (Cash Segment)
4,079
4,197
4,774
Brokers (Derivative)
1,587
1,705
2,111
Brokers (Currency Derivatives)
1,154
1,459
2,008
62,471
75,378
83,808
Foreign Institutional Investors
1,635
1,713
1,722
Sub-accounts
4,967
5,378
5,686
16
17
17
Depository Participants
714
758
805
Merchant Bankers
134
164
192
Bankers to an Issue
51
48
55
Underwriters
19
Debenture Trustees
30
30
29
Credit Rating Agencies
Venture Capital Funds
132
158
184
Foreign Venture Capital Investors
129
143
153
71
74
73
232
243
267
44
47
51
Collective Investment Schemes
Approved Intermediaries (Stock Lending Schemes)
STP (Centralised Hub)
STP Service Providers
Sub-brokers (Cash Segment)
Custodians
Depositories
Registrars to an Issue & Share Transfer Agents

Portfolio Managers
Mutual Funds
*Including brokers on Mangalore SE (58), HSE (303), Magadh SE (197), SKSE (410).
Source: SEBI.
294
Total
Public
Rights
Listed
IPOs
Issuer-type
(Equity/CCPS/FCDs)
At Par
At Premium
Equities
CCPS/FCDs Bonds/NCDs
Instrument-wise
295
14
Dec-10
Jan-11
Feb-11
Mar-11
6,514
6,996
3,618
1,557
10,534
19,157
4,802
1,540
2,962
2,962
2,987
3,979
67,609
57,555
16,220
16
68
47
22
1,534
6,524
3,616
1,522
10,499
19,157
4,124
920
2,918
325
2,987
3,979
58,105
49,236
3,582
23
29
25
4,980
473
35
35
678
620
44
2,637
9,503
8,319
12,637
28
34
25
4,980
473
3,479
35
8,642
729
620
1,003
2,637
22,599
30,359
12,637
15
53
39
21
10
582
269
139
1,522
1,631
17,673
4,073
920
1,959
325
2,487
3,979
35,559
24,696
2,082
11
12
13
15
35
50
96
10
18
78
71
40
14
5,562
727
3,618
1,557
10,238
17,673
4,802
1,050
2,962
2,962
2,487
3,979
57,617
54,866
14,176
15
16
490
490
180
448
17
10
18
952
6,254
261
1,484
500
9,451
2,500
1,500
19
FCD: Fully Convertible Debenture; PCD: Partly Convertible Debenture; NCD: Non-convertible Debenture; CCPS: Cumulative Convertible Preference Share.
The total are include either Public plus Rights or Equity/CCPs/FCDs plus Bonds/NCDs or Equities plus CCPs/FCDs and Bonds/NCDs.
All the Issues are compiled from the Prospectus of Issuer Companies filed with SEBI.
Source: SEBI.
Jul-10
Nov-10
Jun-10
May-10
Oct-10
Apr-10
2010-11
18
91
2009-10
Sep-10
76
2008-09
Aug-10
47
No. Amount No. Amount No. Amount No. Amount No. of Amount No. of Amount No. of Amount No. Amount No. Amount
of (` crore) of (` crore) of (` crore) of (` crore) issue (` crore) issue (` crore) issue (` crore) of
of (` crore)
(`
issue
issue
issue
issue
issue crore) issue
Year/
Month
Category-wise
Table 2: Capital Raised from the Primary Market through Public and Rights Issues
APRIL
SEBI BULLETIN
2011
APRIL
SEBI BULLETIN
2011
Table 3 : Capital Raised by Listed Companies from the Primary Market through QIPs
NSE
Year/Month
BSE
Total
No. of
issue
Amount ( ` crore)
No. of
issue
Amount ( ` crore)
No. of
issue
Amount ( ` crore)
2008-09
189
75
189
2009-10
61
42,484
62
42,729
62
42,729
2010-11
46
22,987
50
25,860
50
25,861
Apr-10
2,872
2,872
2,872
May-10
1,060
1,593
1,593
Jun-10
421
521
521
Jul-10
3,712
3,712
3,712
Aug-10
4,228
4,342
4,342
Sep-10
1,556
2,227
2,227
Oct-10
10
5,943
10
6,388
10
6,388
Nov-10
676
1,686
1,686
Dec-10
100
100
100
Jan-11
Feb-11
426
426
426
Mar-11
1,993
1,993
1,993
Source : BSE and NSE.
296
APRIL
SEBI BULLETIN
2011
Table 4: Industry-wise Classification of Capital Raised through Public and Rights Issues
2008-09
2009-10
2010-11
Mar-11
Industry
No. of
issue
Amount
(` crore)
No. of
issue
Amount
(` crore)
No. of
issue
Amount
(` crore)
No. of
issue
Amount
(` crore)
Banking/FIs
3,138
18
17,248
4,686
Cement & Construction
80
2,780
2,841
Chemical
218
36
247
Electronics
1,156
Engineering
50
1,394
50
Entertainment
1,156
2,461
715
Finance
1,966
1,826
2,210
433
Food Processing
443
1,245
Health Care
144
1,059
292
Information Technology
42
540
170
Paper & Pulp
35
Plastic
39
Power
958
25,293
9,469
Printing
52
Telecommunication
100
Textile
710
237
207
99
Others
22
10,845
26
18,461
40
31,519
1,246
Total
47
16,220
76
57,555
91
67,609
14
6,514
Source: SEBI.
297
Private
Sector-wise
Public
Northern
Eastern
Western
Region-wise
Southern
Foreign
298
14
Jan-11
Feb-11
Mar-11
6,514
6,996
3,618
1,557
10,534
19,157
4,802
1,540
2,962
2,962
2,987
3,979
67,609
57,555
16,220
10
17
77
70
47
2,908
1,499
3,618
1,086
690
2,958
4,219
1,540
2,003
2,962
2,987
2,916
29,385
26,438
16,220
14
6
0
3,606
5,497
471
9,845
16,199
583
959
1,063
38,223
31,117
7
6
20
17
818
1,247
7,442
1,004
1,003
1,517
3,325
16,356
24,714
2,902
The total is either a total of Secto-wise classification or Region-wise classification.

Source: SEBI.
Aug-10
Dec-10
Jul-10
Jun-10
Nov-10
May-10
Apr-10
Oct-10
91
2010-11
18
76
2009-10
Sep-10
47
2
5
10
10
1,190
15,199
531
270
17,190
4,175
315
11
35
36
21
12
3,377
5,596
3,558
201
2,747
2,083
782
1,461
1,425
249
21,479
15,796
11,202
13
27
13
15
14
1,130
1,400
60
109
345
1,875
2,486
79
1,689
20
500
405
10,097
12,870
1,800
15
16
2,487
2,487
17
No. of Amount No. of Amount No. of Amount No. of Amount No. of Amount No. of Amount No. of Amount No. of Amount
issue (` crore) issue (` crore) issue (` crore) issue (` crore) issue (` crore) issue (` crore) issue (` crore) issue (` crore)
2008-09
Year/
Month
Total
Table 5: Sector-wise and Region-wise Distribution of Capital Mobilised through Public and Rights Issues
APRIL
SEBI BULLETIN
2011
299
14
Dec-10
Jan-11
Feb-11
Mar-11
Source: SEBI.
Jul-10
Nov-10
Jun-10
May-10
Oct-10
Apr-10
18
2010-11
Sep-10
91
2009-10
76
2008-09
Aug-10
47
6,514
6,996
3,618
1,557
10,534
19,157
4,802
1,540
2,962
2,962
2,987
3,979
67,609
57,555
16,220
Amount
(` crore)
< 5 crore
Amount No. of
(` crore) issue
Total
No. of
issue
Year/
Month
No. of
issue
11
24
Amount
(` crore)
5crore - < 10crore
13
18
21
No. of
issue
60
45
71
129
41
45
44
20
455
596
509
Amount
(` crore)
10 crore - < 50 crore
20
10
No. of
issue
242
70
139
74
55
288
148
60
189
141
1,406
636
445
11
Amount
(` crore)
50 crore - < 100 crore
Table 6: Size-wise Classification of Capital Raised through Public and Rights Issues
13
55
45
18
12
No. of
issue
6,206
6,882
3,477
1,412
10,405
19,103
4,474
1,341
2,858
2,753
2,987
3,837
65,735
56,298
15,255
13
Amount
(` crore)
100 crore
APRIL
SEBI BULLETIN
2011
APRIL
SEBI BULLETIN
2011
Table 7: Distribution of Turnover on Cash Segments of Exchanges (` crore)

Stock Exchanges
1
2008-09
2009-10
2010-11
Mar-11
Ahmedabad
Nil
Nil
Nil
Nil
Bangalore
Nil
Nil
Nil
Nil
Bhubaneshwar
Nil
Nil
Nil
Nil
11,00,074
13,78,809
11,05,027
72,457
Calcutta
393
1,612
2,597
779
Cochin
Nil
Nil
Nil
Nil
Coimbatore
Nil
Nil
Nil
Nil
Delhi
Nil
Nil
Nil
Nil
Gauhati
Nil
Nil
Nil
Nil
Hyderabad
Nil
Nil
Nil
Nil
ISE
Nil
Nil
Nil
Nil
Jaipur
Nil
Nil
Nil
Nil
Ludhiana
Nil
Nil
Nil
Nil
Madhya Pradesh
Nil
Nil
Nil
Nil
Madras
Nil
Nil
Nil
Nil
Magadh (Patna)
Nil
Nil
Nil
Nil
27,52,023
41,38,023
35,77,410
2,55,712
OTCEI
Nil
Nil
Nil
Nil
Pune
Nil
Nil
Nil
Nil
SKSE
Nil
Nil
Nil
Nil
89
25
Nil
Nil
Nil
Nil
Nil
BSE
NSE
Uttar Pradesh
Vadodara
Source: Various Exchanges.
300
301
4,975
5,067
4,977
4,978
4,986
4,990
4,996
4,997
5,019
5,022
5,034
5,047
5,054
5,067
2009-10
2010-11
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10
Jan-11
Feb-11
Mar-11
Source: BSE .
4,929
2008-09
91
91
91
91
91
91
91
88
87
86
86
86
91
86
66
Month/ No. of No. of

Year
Comp- Companies
anies
Listed Permitted
4
2,933
2,913
2,984
3,048
2,992
3,076
3,055
3,010
3,029
2,965
3,182
3,187
2,933
3,297
3,194
22
20
20
22
21
21
21
22
22
22
22
20
255
244
243
369
368
352
410
467
527
494
517
453
443
431
453
63,368
57,625
62,778
76,406
95,077
1,09,697
1,03,987
93,849
87,762
78,970
75,466
85,792
72,457
68,830
69,858
81,560
1,06,000
1,18,497
1,08,885
1,12,882
92,957
92,493
86,680
93,929
5,285 9,90,777 11,05,027
6,056 11,36,513 13,78,809
5,408 7,39,600 11,00,074
3,293
3,441
3,493
3,707
5,048
5,643
5,185
5,131
4,225
4,204
3,940
4,696
4,333
5,651
4,527
19,617
18,704
19,870
19,871
22,708
22,482
22,035
21,820
20,538
20,871
20,090
20,747
20,910
22,768
20,342
10
62,83,196 18047.9 17276.8 17558.7

60,91,264 17536.9 15960.2 16944.6
63,94,001 17919.6 16318.4 17700.9
65,10,777 18237.6 17395.6 17868.3
65,62,025 18475.3 17820.0 17971.1
71,25,807 20268.0 18027.1 20069.1
72,24,908 20854.6 19769.0 20032.3
70,67,845 21108.6 18954.8 19521.3
72,96,726 20552.0 19074.6 20509.1
65,95,280 20664.8 18038.5 18327.8
63,43,072 18691.0 17295.6 17823.4
68,39,084 21108.6 15960.2 19445.2
93,902
86,645
92,460
92,794
1,12,614
1,08,598
1,18,440
1,05,919
81,536
69,847
68,809
72,416
63,403
57,688
62,875
76,400
94,989
1,09,596
1,03,823
93,631
87,628
78,895
75,352
85,719
68,39,084 21108.6 15960.2 19445.2
9,89,999 11,03,978
9708.5
16
9546.3 17527.8
7697.4
15
61,65,619 17793.0
14
Close
11,35,750 13,78,529
13
Low
30,86,075 17735.7
12
High
BSE Sensex
7,39,287 10,99,871
11
Demat
Market
No. of No. of No. of Traded Turnover Average Average Demat
Turnover
CapitaTrading
Trades
Quantity
Daily
Trade
Securities
Comp(` crore)
Days (Lakh) (Lakh)
Turnover Size (`) Traded (` crore) lisation
anies
traded
(Lakh)
(` crore)
(` crore)
Table 8: Cash Segment of BSE
APRIL
SEBI BULLETIN
2011
302
1,432
1,470
1,574
1,478
1,484
1,490
1,497
1,504
1,512
1,530
1,536
1,552
1,558
1,563
1,574
2008-09
2009-10
2010-11
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10
Jan-11
Feb-11
Mar-11
Source: NSE.
61
61
59
59
59
60
54
54
45
45
36
36
61
37
37
1,450
1,470
1,462
1,456
1,440
1,435
1,412
1,408
1,392
1,388
1,374
1,367
1,450
1,359
1,291
22
20
20
22
21
21
21
22
22
22
22
20
255
244
243
1,227
1,278
1,184
1,307
1,413
1,447
1,369
1,361
1,219
1,248
1,249
1,205
15,507
16,816
13,650
No. of
No. of
No. of
No. of No. of
Comp- Companies Companies Trading Trades
anies Permitted Traded
Days (Lakh)
Listed
Month/
Year
Table 9: Cash Segment of NSE
1,27,900
1,41,168
1,30,217
1,51,108
1,88,217
1,93,248
1,73,285
1,52,467
1,39,417
1,43,616
1,39,812
1,44,060
2,55,712
2,66,504
2,67,332
2,95,685
3,63,993
3,60,472
3,29,869
3,11,994
2,78,551
2,86,109
2,84,625
2,76,566
18,24,515 35,77,410
22,15,530 41,38,023
14,26,355 27,52,023
Traded Turnover
Quantity (`crore)
(Lakh)
11,623
13,325
13,367
13,440
17,333
17,165
15,708
14,182
12,661
13,005
12,937
13,828
14,029
16,959
11,325
Average
Daily
Turnover
(` crore)
20,839
20,851
22,578
22,631
25,751
24,920
24,095
22,925
22,850
22,931
22,788
22,947
23,070
24,608
20,161
10
1,27,900
1,41,168
1,30,217
1,51,108
1,88,217
1,93,248
1,73,285
1,52,467
1,39,417
1,43,616
1,39,812
1,44,060
18,24,515
22,15,530
14,26,355
11
2,55,712
2,66,504
2,67,332
2,95,685
3,63,993
3,60,472
3,29,869
3,11,994
2,78,551
2,86,109
2,84,625
2,76,566
35,77,410
41,38,023
27,52,023
12
67,02,616
61,95,967
64,41,491
71,39,310
68,94,912
70,55,094
69,58,534
63,93,418
63,40,120
62,29,136
59,32,578
61,17,858
67,02,616
60,09,173
28,96,194
13
15
3021.0
16
4961.1 5312.5
5403.1 6030.0
5872.0 5348.2 5833.8
5599.3 5177.7 5333.3
6181.1 5416.7 5505.9
6147.3 5721.2 6134.5
6338.5 5690.4 5862.7
6284.1 5937.1 6017.7
6073.5
5549.8 5348.9 5402.4
5477.5 5225.6 5367.6
5366.8
5278.7 4786.5 5086.3
5399.7 5160.9 5278.0
6338.5 4786.5 5833.8
5329.6 2965.7 5249.1
5298.9 2252.8
14
Average Demat
Demat
Market
Trade Securities Turnover Capitalisation S&P CNX Nifty Index
Size (`) Traded
(` crore)
( ` crore)
High Low Close
(Lakh)
APRIL
SEBI BULLETIN
2011
2,928
2,989
2,975
2,947
2,963
2,937
2,958
2,975
2,913
2,963
2,947
2,951
2,958
2,970
2,964
2,983
3,022
3,035
3,044
2,934
2,933
3-Mar-11
4-Mar-11
7-Mar-11
8-Mar-11
9-Mar-11
10-Mar-11
11-Mar-11
14-Mar-11
15-Mar-11
16-Mar-11
17-Mar-11
18-Mar-11
21-Mar-11
22-Mar-11
23-Mar-11
24-Mar-11
25-Mar-11
28-Mar-11
29-Mar-11
30-Mar-11
31-Mar-11
19
19
303
17
16
18
16
17
18
16
16
14
15
16
18
19
16
21
17
17
15
14
17
No. of
Trades
(Lakh)
2,923
3,248
3,799
3,511
3,383
3,190
2,633
2,710
3,050
2,575
2,297
2,730
2,774
2,524
3,366
2,939
2,808
2,706
2,094
2,496
2,974
2,640
Traded
Quantity
(Lakh)
3,227
3,105
3,745
3,219
3,291
3,553
4,257
2,953
3,062
2,875
3,000
3,397
3,658
2,982
4,010
2,996
3,435
2,875
2,443
3,166
3,834
3,375
Turnover
(` crore)
19,462
19,554
21,290
19,758
19,847
20,189
26,147
18,822
21,308
19,152
18,749
19,194
19,052
18,374
19,253
17,726
19,654
19,491
17,960
18,924
19,843
17,998
Average
Trade
Size ( `)
2,920
3,246
3,796
3,516
3,380
3,190
2,631
2,708
3,052
2,573
2,299
2,735
2,781
2,529
3,368
2,945
2,813
2,712
2,098
2,488
2,980
2,644
Demat
Securities
Traded
(Lakh)
3,223
3,103
3,741
3,217
3,284
3,551
4,253
2,949
3,061
2,872
2,999
3,398
3,658
2,981
4,008
2,997
3,436
2,874
2,442
3,162
3,833
3,373
Demat
Turnover
(` crore)
68,39,083
67,96,302
67,22,634
66,82,452
66,57,818
65,57,649
65,16,406
64,63,380
64,09,952
64,24,068
64,83,883
65,22,462
64,43,469
65,36,556
64,66,043
65,22,411
65,45,542
65,25,123
64,60,814
65,29,510
65,31,158
65,28,620
(` crore)
Market
Low
11
17964.4
18253.6
18448.7
18058.7
18266.6
18303.8
18261.3
18063.3
18155.4
17920.6
18263.7
18104.0
17849.5
17792.2
17878.8
17950.2
18269.3
18480.7
18799.6
18944.8
19178.8
19284.4
High
10
18478.7
18603.6
18737.0
18361.7
18466.8
18583.3
18430.8
18368.4
18463.8
18326.3
18444.5
18354.3
18259.6
18007.7
18041.4
18218.3
18374.0
18858.3
19024.2
19226.2
19357.1
19575.2
SENSEX
19445.2
19290.2
19120.8
18943.1
18815.6
18350.7
18206.2
17988.3
17839.1
17878.8
18149.9
18358.7
18167.6
18439.5
18174.1
18328.0
18470.0
18439.7
18222.7
18486.5
18489.8
18446.5
12
Close
9955.6
9848.2
9783.5
9636.0
9542.6
9391.4
9349.4
9298.8
9330.3
9445.2
9487.9
9334.0
9456.4
9407.1
9505.0
9515.7
9491.7
9390.0
9580.8
9489.0
9325.1
14
Low
10031.6
9930.2
9846.1
9789.7
9582.8
9512.6
9403.2
9326.7
9344.5
9466.1
9556.9
9448.0
9593.0
9458.3
9538.9
9597.8
9574.3
9469.9
9600.0
9591.5
9578.1
15
Close
10153.8 10014.5 10095.7
10054.7
9976.3
9880.0
9808.9
9596.3
9517.0
9428.9
9404.6
9515.1
9559.7
9595.4
9525.0
9602.0
9563.4
9577.7
9645.6
9588.9
9535.7
9714.7
9652.8
9590.8
13
High
BSE-100 Index
SEBI BULLETIN
Source: BSE.
2,948
1-Mar-11
Date
No. of
Companies
Traded
Table 10: Trends in Cash Segment of BSE during March 2011
APRIL
2011
304
1,449
1,459
1,458
1,458
1,452
1,445
1,451
1,462
1,463
1,454
1,461
1,452
1,453
1,456
1,467
1,459
1,475
1,469
1,466
1,463
1,467
4-Mar-11
7-Mar-11
8-Mar-11
9-Mar-11
10-Mar-11
11-Mar-11
14-Mar-11
15-Mar-11
16-Mar-11
17-Mar-11
18-Mar-11
21-Mar-11
22-Mar-11
23-Mar-11
24-Mar-11
25-Mar-11
28-Mar-11
29-Mar-11
30-Mar-11
31-Mar-11
Source: NSE.
1,453
3-Mar-11
1-Mar-11
Date
68
55
60
55
56
54
51
48
46
53
55
57
61
49
58
51
58
52
49
57
69
66
8,594
7,331
6,966
6,501
6,136
5,878
5,084
4,563
4,379
4,754
4,825
5,349
5,829
5,012
5,798
5,120
6,082
4,868
4,810
5,790
7,301
6,932
19,337
12,391
13,337
12,421
12,105
10,685
11,178
8,661
8,291
10,607
11,061
11,362
12,943
9,634
11,162
9,545
11,514
9,959
9,515
11,713
14,990
13,300
28,609
22,670
22,276
22,534
21,804
19,652
21,878
18,188
18,042
20,138
20,136
20,012
21,049
19,513
19,289
18,792
19,764
19,268
19,339
20,520
21,641
20,188
8,594
7,331
6,966
6,501
6,136
5,878
5,084
4,563
4,379
4,754
4,825
5,349
5,829
5,012
5,798
5,120
6,082
4,868
4,810
5,790
7,301
6,932
19,337
12,391
13,337
12,421
12,105
10,685
11,178
8,661
8,291
10,607
11,061
11,362
12,943
9,634
11,162
9,545
11,514
9,959
9,515
11,713
14,990
13,300
10
67,02,616 5872.0
66,54,448 5803.2
65,86,169 5770.4
65,46,247 5709.1
65,20,883 5667.1
64,15,448 5529.0
63,73,101 5485.0
63,21,911 5428.2
62,65,409 5413.3
62,80,788 5483.1
63,35,313 5510.1
63,77,950 5535.1
63,00,625 5497.9
63,93,415 5537.3
63,22,671 5502.7
63,79,339 5516.3
64,02,169 5563.3
63,81,153 5530.6
63,20,930 5491.3
63,84,755 5608.2
63,84,304 5570.8
63,82,495 5533.1
5778.7
5753.9
5680.7
5643.2
5561.0
5496.1
5402.0
5376.2
5348.2
5366.4
5435.3
5476.0
5373.7
5434.3
5411.6
5468.5
5477.5
5464.8
5408.5
5524.1
5468.3
5373.6
11
5833.8
5787.7
5736.4
5687.3
5654.3
5522.4
5480.3
5413.9
5364.8
5373.7
5446.7
5511.2
5449.7
5531.5
5445.5
5494.4
5531.0
5520.8
5463.2
5538.8
5536.2
5522.3
12
No. of No. of Traded Turnover Average Demat

Demat
Market
S&P CNX Nifty Index
Companies Trades Quantity (` crore) Trade Securities Turn- Capitalisation
Traded (Lakh) (Lakh)
Size (`) Traded
over
(` crore)
High
Low
Close
(Lakh) (` crore)
Table 11: Trends in Cash Segment of NSE during March 2011
11355.4
11305.7
11117.2
11037.7
10951.2
10828.6
10742.0
10683.9
10658.2
10784.1
10769.4
10762.0
10670.7
10778.3
10833.5
10814.5
10869.2
10812.7
10741.3
10928.6
10867.3
10820.0
13
High
11163.5
11130.2
11035.9
10964.6
10833.6
10747.4
10638.7
10600.0
10528.0
10583.8
10655.1
10641.2
10516.9
10672.0
10638.0
10758.5
10762.8
10688.2
10586.0
10784.2
10693.6
10485.0
14
Low
11279.6
11272.8
11081.7
11027.5
10943.1
10808.2
10736.1
10659.4
10577.8
10616.6
10718.2
10739.9
10596.9
10772.8
10693.1
10790.5
10832.6
10779.3
10685.6
10807.2
10802.6
10803.2
15
Close
CNX Nifty Junior Index
APRIL
SEBI BULLETIN
2011
B#
S&P CNX
CNX Nifty
Nifty Junior
305
839 1,300 2,875 29.2 45.2 5,729
587
571
647 1,094 4,257 15.2 25.7 4,853
493
787 1,327 3,291 23.9 40.3 6,457
746 1,309 3,219 23.2 40.7 6,675
818 1,409 3,745 21.8 37.6 6,738
649 1,127 3,105 20.9 36.3 6,162
888 1,443 3,227 27.5 44.7 11,741
21-Mar-11
22-Mar-11
23-Mar-11
24-Mar-11
25-Mar-11
28-Mar-11
29-Mar-11
30-Mar-11
31-Mar-11
2,594
1,953
1,756
1,810
1,473
1,224
1,163
955
983
1,391
1,302
1,584
1,196
872
1,165
1,007
1,426
1,421
19,337
12,391
13,337
12,421
12,105
10,685
11,178
8,661
8,291
10,607
11,061
11,362
12,943
9,634
11,162
9,545
11,514
9,959
9,515
11,713
14,990
13,300
NSE
Total
11
D#
9.2
9.1
60.7 13.4
49.7 15.8
50.5 13.2
53.7 14.6
53.3 12.2
44.6 11.5
43.4 10.4
45.9 11.0
50.9 11.9
54.0 13.1
53.9 11.8
50.4 13.9
59.8
55.1
50.0 10.4
50.9 10.5
48.6 12.4
52.0 14.3
54.1 13.6
55.7 13.4
59.0 13.4
55.7 15.6
10
C#
13
14
BSE
BSE 100
Total
15
E#
16
17
F# S&P CNX
Nifty
19
NSE
Total
20
15,55,322 21,91,606 68,39,083 22.7 32.0 17,55,468
15,42,921 21,77,686 67,96,302 22.7 32.0 17,41,603
15,29,373 21,55,669 67,22,634 22.7 32.1 17,26,173
15,15,163 21,37,409 66,82,452 22.7 32.0 17,11,397
15,04,965 21,25,161 66,57,818 22.6 31.9 17,01,459
14,67,780 20,80,258 65,57,649 22.4 31.7 16,49,648
14,56,216 20,65,018 65,16,406 22.3 31.7 16,37,064
14,38,790 20,41,258 64,63,380 22.3 31.6 16,17,227
14,26,853 20,24,670 64,09,952 22.3 31.6 16,02,552
14,30,033 20,28,515 64,24,068 22.3 31.6 16,05,225
14,51,714 20,54,927 64,83,883 22.4 31.7 16,27,019
14,68,416 20,74,634 65,22,462 22.5 31.8 16,46,282
14,53,135 20,50,985 64,43,469 22.6 31.8 16,27,913
14,74,878 20,82,475 65,36,556 22.6 31.9 16,52,363
14,53,518 20,53,064 64,66,043 22.5 31.8 16,26,451
3,16,529 67,02,616 26.2
3,16,340 66,54,448 26.2
3,10,976 65,86,169 26.2
3,09,456 65,46,247 26.1
3,07,087 65,20,883 26.1
2,96,556 64,15,448 25.7
2,94,576 63,73,101 25.7
2,92,472 63,21,911 25.6
2,90,233 62,65,409 25.6
2,91,298 62,80,788 25.6
2,94,085 63,35,313 25.7
2,94,681 63,77,950 25.8
2,90,758 63,00,625 25.8
2,95,584 63,93,415 25.8
2,93,388 63,22,671 25.7
2,96,059 63,79,339 25.7
2,97,214 64,02,169 25.8
14,77,180 20,83,342 65,45,542 22.6 31.8 16,52,011

14,65,826 20,70,562 65,22,411 22.5 31.7 16,41,072
2,95,752 63,81,153 25.8
14,74,756 20,78,242 65,25,123 22.6 31.8 16,48,959
2,93,182 63,20,930 25.8
2,96,519 63,84,755 25.9
14,57,403 20,55,580 64,60,814 22.6 31.8 16,31,749
2,96,393 63,84,304 25.9
14,78,499 20,83,817 65,29,510 22.6 31.9 16,54,330
4.7
4.8
4.7
4.7
4.7
4.6
4.6
4.6
4.6
4.6
4.6
4.6
4.6
4.6
4.6
4.6
4.6
4.6
4.6
4.6
4.6
4.6
21
G# H#
2,96,410 63,82,495 25.8
18
CNX
Nifty
Junior
14,78,764 20,81,981 65,31,158 22.6 31.9 16,53,569
14,75,304 20,79,070 65,28,620 22.6 31.8 16,49,405
12
BSE
Sensex
Market Capitalisation
SEBI BULLETIN
Note: BSE Sensex, BSE 100, S&P CNX Nifty & CNX Nifty Junior have free float market capitlisation.
A# = percentage share of Sensex securities in total BSE turnover .
E# = percentage share of Sensex securirities in total BSE Market Capitalisation .
B# = percentage share of BSE-100 Index securities in total BSE turnover.
F# = percentage share of BSE-100 Index securities in total BSE Market Capitalisation.
C# = percentage share of S&P CNX Nifty securities in total NSE turnover.
G# = percentage share of S&P CNX Nifty securities in total NSE Market Capitalisation .
D# = percentage share of CNX Nifty Junior securities in total NSE turnover . H# = percentage share of CNX Nifty Junior securities in total NSE Market Capitalisation.
908 3,553 13.9 25.6 4,767
885 2,953 19.3 30.0 3,979
975 3,062 19.2 31.9 4,222
800 1,223 3,000 26.7 40.8 5,963
683 1,195 2,982 22.9 40.1 5,310
14-Mar-11
18-Mar-11
975 1,481 4,010 24.3 36.9 5,587
11-Mar-11
17-Mar-11
704 1,114 2,996 23.5 37.2 4,854
10-Mar-11
733 1,303 3,397 21.6 38.4 5,725
864 1,372 3,435 25.2 39.9 5,595
9-Mar-11
16-Mar-11
642 1,226 2,875 22.3 42.6 5,177
8-Mar-11
996 1,687 3,658 27.2 46.1 7,746
712 1,160 2,443 29.1 47.5 5,146
7-Mar-11
15-Mar-11
1,574
944 1,549 3,166 29.8 48.9 6,522
4-Mar-11
1,291
2,005
3-Mar-11 1,210 1,919 3,834 31.6 50.0 8,849
2,069
BSE
BSE BSE Total A#
Sense 100
x
1-Mar-11 1,089 1,770 3,375 32.3 52.5 7,411
Date
Turnover
Table 12: Turnover and Market Capitalisation at BSE and NSE during March 2011
APRIL
2011
APRIL
SEBI BULLETIN
2011
Table 13: Component Stocks: BSE Sensex during March 2011

Sl.
No.
Name of Security
Issued
Capital
( ` crore)
Market
Capitalisation
(` crore)
Weightage
(Percent)
Beta
Daily
Volatility
(Percent)
Monthly
Return
(Percent)
Impact Cost
(Percent)
10
BAJAJ AUTO
BHARTI ARTL
BHEL
4
5
289
21,121
1.4
0.6
0.0
4.7
15.3
0.1
1,899
47,517
3.1
0.8
0.2
2.0
7.88
0.1
490
35,309
2.3
0.8
0.4
1.4
3.08
0.1
CIPLA LTD.
161
16,756
1.1
0.5
0.1
1.5
7.34
0.2
DLF LIMITED
340
11,340
0.7
1.5
0.5
2.3
26.76
0.1
HDFC BANK LT
465
87,110
5.6
1.0
0.5
1.5
14.31
0.1
HEROHONDA M
40
15,841
1.0
0.5
0.1
2.1
8.48
0.1
HIND UNI LT
217
30,842
2.0
0.5
0.2
1.4
1.81
0.3
HINDALCO IN
192
28,020
1.8
1.6
0.5
2.4
3.87
0.1
10
HOUSING DEVE
293
92,006
5.9
1.1
0.5
1.7
11.44
0.1
11
I T C LTD
12
ICICI BANK L
13
772
98,077
6.3
0.7
0.3
1.5
7.75
0.1
1,149
1,27,808
8.2
1.5
0.6
2.1
14.97
0.1
INFOSYS TECH
287
1,57,957
10.2
0.8
0.4
1.4
8.15
0.0
14
JAIPRAK ASSO
425
10,818
0.7
1.7
0.5
2.7
20.21
0.1
15
JINDAL STEEL
93
29,371
1.9
1.0
0.5
1.7
6.01
0.1
16
LARSEN & TOU
122
90,593
5.8
1.1
0.5
1.7
8.11
0.1
17
MAHINDRA & M
307
34,312
2.2
1.1
0.4
2.0
13.74
0.1
18
MARUTISUZUK
144
18,253
1.2
0.8
0.2
1.8
4.47
0.1
19
NTPC LTD
8,245
31,827
2.0
0.7
0.3
1.3
13.69
0.4
20
ONG CORP LTD
4,278
49,639
3.2
0.7
0.2
1.6
7.75
0.1
21
REL COM LTD
1,032
7,780
0.5
1.2
0.2
2.8
25.54
0.1
22
REL INFRA
267
10,097
0.6
1.2
0.2
2.8
13.14
0.1
23
RELIANCE
3,273
1,88,631
12.1
1.0
0.5
1.5
8.80
0.0
24
STATE BANK O
635
79,093
5.1
1.2
0.4
1.9
5.13
0.0
25
STERLITE IN
336
26,224
1.7
1.5
0.5
2.4
5.88
0.2
26
TATA MOTORS
532
46,444
3.0
1.5
0.5
2.4
15.29
0.1
27
TATA POWER
237
22,099
1.4
0.6
0.3
1.3
16.08
0.3
28
TATA STL
959
41,663
2.7
1.3
0.5
2.0
2.49
0.1
29
TCS LTD.
196
69,432
4.5
0.9
0.3
1.7
6.63
0.1
30
WIPRO LTD.
491
29,344
1.9
0.8
0.3
1.6
9.58
0.2
Beta & R are calculated for the period Feb 11 - Mar 11, Beta measures the degree to which any portfolio of stocks is affected as compared to the effect on the
2
market as a whole. The coefficient of determination (R ) measures the strength of relationship between two variables the return on a security versus that of the
market.
Volatility is the standard deviation of the daily returns for the period Feb 11 - Mar 11.
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. It is calculated for a month for the portfolio size of Rs. 5 lakh. It is calculated for the period Feb 11 - Mar 11.
Source: BSE.
306
APRIL
SEBI BULLETIN
2011
Table 14: Component Stocks : S&P CNX Nifty Index during March 2011
Sl.
No.
1
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
Name of Security
2
ACC
AMBUJACEM
AXISBANK
BAJAJ-AUTO
BHEL
BPCL
BHARTIARTL
CAIRN
CIPLA
DLF
DRREDDY
GAIL
GRASIM
HCLTECH
HDFCBANK
HEROHONDA
HINDALCO
HINDUNILVR
HDFC
ITC
ICICIBANK
INFOSYSTCH
IDFC
JPASSOCIAT
JINDALSTEL
KOTAKBANK
LT
M&M
MARUTI
NTPC
ONGC
POWERGRID
PNB
RANBAXY
RELCAPITAL
RCOM
RELIANCE
RELINFRA
RPOWER
SESAGOA
SIEMENS
SBIN
SAIL
STER
SUNPHARMA
TCS
TATAMOTORS
TATAPOWER
TATASTEEL
WIPRO
Issued
Capital
(` crore)
3
19
306
410
289
490
362
1,899
1,902
161
340
85
1,268
92
137
465
40
191
217
293
772
1,151
287
1,461
425
93
368
122
307
144
8,245
4,278
4,630
315
211
246
1,032
3,290
267
2,805
86
67
635
4,130
336
104
196
537
237
959
491
Market
Capitalisation
(` crore)
4
10,449
12,122
36,070
19,790
32,592
7,906
43,164
15,240
16,322
9,741
20,622
20,842
15,603
11,518
83,513
15,168
26,876
29,925
91,043
96,580
1,28,521
1,56,245
16,430
10,663
27,085
16,173
88,264
33,210
16,697
24,680
39,296
14,426
16,136
6,791
6,569
7,140
1,77,723
9,645
7,161
11,088
13,314
71,287
9,934
24,688
16,627
60,122
43,641
21,606
40,914
24,303
Weightage
(Percent)
5
0.6
0.7
2.1
1.1
1.9
0.5
2.5
0.9
0.9
0.6
1.2
1.2
0.9
0.7
4.8
0.9
1.5
1.7
5.2
5.5
7.3
8.9
0.9
0.6
1.5
0.9
5.0
1.9
1.0
1.4
2.2
0.8
0.9
0.4
0.4
0.4
10.1
0.5
0.4
0.6
0.8
4.1
0.6
1.4
0.9
3.4
2.5
1.2
2.3
1.4
Beta
6
0.6
0.9
1.3
0.7
0.8
0.6
0.8
0.8
0.5
1.5
0.5
0.6
0.5
1.0
1.0
0.5
1.6
0.5
1.1
0.7
1.5
0.8
1.4
1.7
1.1
1.2
1.1
1.1
0.8
0.7
0.7
0.5
0.8
0.9
1.3
1.2
1.0
1.3
1.0
1.3
0.5
1.2
1.2
1.5
0.6
0.9
1.5
0.6
1.3
0.8
7
0.4
0.5
0.7
0.5
0.6
0.3
0.4
0.5
0.3
0.7
0.4
0.4
0.3
0.6
0.7
0.3
0.7
0.4
0.7
0.5
0.8
0.6
0.7
0.7
0.7
0.7
0.7
0.6
0.5
0.6
0.5
0.4
0.6
0.5
0.6
0.5
0.7
0.5
0.5
0.6
0.3
0.7
0.7
0.7
0.4
0.6
0.7
0.5
0.7
0.5
Daily
Volatility
(Percent)
8
1.0
2.4
2.1
1.6
2.0
2.3
1.8
1.2
1.7
2.3
1.8
1.8
0.9
1.9
1.5
1.4
2.1
1.2
1.8
1.2
1.9
1.8
2.1
2.6
1.2
1.4
2.0
2.4
2.6
1.9
1.5
0.6
1.3
2.1
2.5
3.0
1.4
2.2
2.4
2.0
0.4
1.8
1.7
1.7
2.1
1.7
2.2
1.6
1.8
1.3
Monthly
Return
(Percent)
9
10.9
25.1
15.2
15.3
3.1
10.6
7.9
3.5
7.3
26.8
6.0
8.8
8.9
8.0
14.3
8.5
3.9
1.8
11.4
7.8
15.0
8.1
6.5
20.2
6.0
13.0
8.1
13.7
4.5
13.7
7.7
3.0
14.2
2.5
22.7
25.5
8.8
13.1
18.2
11.5
4.0
5.1
11.2
5.9
4.5
6.6
15.3
16.1
2.5
9.6
Impact Cost
(Percent)
10
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.0
0.0
0.1
0.1
0.1
0.1
0.1
0.1
0.0
0.1
Beta & R 2 are calculated for the period Feb 11 - Mar 11, Beta measures the degree to which any portfolio of stocks is affected as compared to the effect on
the market as a whole. The coefficient of determination (R 2 ) measures the strength of relationship between two variables the return on a security versus
that of the market.
Volatility is the standard deviation of the daily returns for the period Feb 11 - Mar 11.
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. It is calculated for a month for the portfolio size of Rs. 5 lakh. It is calculated for the period Feb 11 - Mar 11.
Source: NSE.
307
APRIL
SEBI BULLETIN
2011
Table 15: Volatility* of Major Indices

(Percent)
Month/Year
BSE Sensex
BSE 100
Index
BSE 500
S&P CNX
Nifty
CNX Nifty
Junior
S&P CNX
500
2007-08
1.9
2.0
2.0
2.0
2.4
2.0
2008-09
2.8
2.7
2.6
2.7
2.8
2.5
2009-10
1.9
1.8
1.8
1.9
2.0
1.8
2010-11
1.1
1.1
1.1
1.1
1.1
1.0
Apr-10
0.8
0.8
0.8
0.8
0.8
0.7
May-10
1.5
1.5
1.5
1.6
1.6
1.4
Jun-10
1.2
1.1
1.0
1.2
0.9
1.0
Jul-10
0.6
0.6
0.5
0.6
0.4
0.5
Aug-10
0.7
0.6
0.6
0.7
0.7
0.6
Sep-10
0.8
0.7
0.7
0.8
0.8
0.7
Oct-10
1.1
1.0
0.9
1.1
0.9
1.0
Nov-10
1.3
1.3
1.3
1.3
1.5
1.5
Dec-10
0.9
1.0
1.1
0.9
1.4
1.1
Jan-11
1.1
1.1
1.1
1.2
1.2
1.1
Feb-11
1.5
1.5
1.5
1.5
1.7
1.5
Mar-11
1.3
1.2
1.1
1.3
1.1
1.1
* Volatility is calculated as the standard deviation of the natural log of daily returns in indices for the respective period.
308
APRIL
SEBI BULLETIN
2011
Table 16: City-wise Distribution of Turnover on Cash Segments of BSE and NSE
(Percentage Share in Turnover)
BSE
Sl.
No
City
NSE
2008-09
2009-10
2010-11
Mar-11
2008-09
2009-10
2010-11
Mar-11
10
Ahmedabad
7.3
9.9
9.4
10.3
5.3
5.6
6.2
6.7
Bangalore
0.3
0.4
0.4
0.3
0.6
0.6
0.6
0.6
Baroda
2.4
2.1
2.1
1.9
0.7
0.6
0.5
0.4
Bhubaneshwar
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Chennai
0.4
0.3
0.4
0.4
2.0
1.6
1.6
1.5
Cochin
0.0
0.0
0.0
0.0
0.8
1.7
1.7
1.8
Coimbatore
0.1
0.0
0.0
0.0
0.3
0.3
0.3
0.3
Delhi
11.4
12.8
12.8
12.0
15.0
12.9
10.8
9.4
Guwahati
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
10
Hyderabad
0.5
0.5
0.5
0.4
1.7
1.8
1.6
1.5
11
Indore
0.5
0.5
0.6
0.5
0.5
0.6
0.6
0.5
12
Jaipur
1.1
1.1
1.0
0.9
0.6
0.5
0.5
0.4
13
Kanpur
0.4
0.6
0.7
0.7
0.1
0.1
0.1
0.1
14
Kolkata
1.7
1.6
2.0
2.6
9.2
7.0
7.5
7.9
15
Ludhiana
0.2
0.3
0.2
0.2
0.2
0.1
0.1
0.1
16
Mangalore
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
17
Mumbai
38.6
36.0
36.3
36.1
55.9
57.5
58.6
59.5
18
Patna
0.1
0.1
0.1
0.1
0.0
0.0
0.2
0.3
19
Pune
0.6
0.7
0.7
0.7
0.2
0.2
0.0
0.0
20
Rajkot
4.8
5.1
4.8
4.5
1.3
1.4
1.6
1.5
21
Others
29.7
27.9
28.0
28.3
5.7
7.4
7.5
7.4
Total
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
309
APRIL
SEBI BULLETIN
2011
Table 17: Advances/Declines in Cash Segment of BSE and NSE

BSE
NSE
Month/Date
Advances
Declines
Advance / Decline
Ratio
Advances
Declines
Advance / Decline
Ratio
Apr-10
2,425
725
3.3
1,119
245
4.6
May-10
1,125
2,035
0.6
379
987
0.4
Jun-10
1,500
1,678
0.9
696
674
1.0
Jul-10
2,343
863
2.7
1,129
258
4.4
Aug-10
1,838
1,391
1.3
802
593
1.4
Sep-10
1,918
1,314
1.5
937
478
2.0
Oct-10
1,778
1,452
1.2
846
574
1.5
Nov-10
1,252
2,018
0.6
483
962
0.5
Dec-10
442
2,836
0.2
143
1,304
0.1
Jan-11
946
2,323
0.4
347
1,115
0.3
Feb-11
420
2,844
0.1
96
1,371
0.1
Mar-11
1,168
2,097
0.6
547
927
0.6
Note: Advance/Decline is calculated based on the average price methodology.

310
APRIL
SEBI BULLETIN
2011
Table 18: Trading Frequency in Cash Segment of BSE and NSE

BSE
Month/
Year
No. of
Companies
Listed
NSE
No. of companies Percent of Traded

Traded
to Listed
3
No. of
Companies
Listed
5
No. of companies Percent of Traded

Traded
to Listed
6
Apr-10
4,977
3,187
64.0
1,367
1,346
98.5
May-10
4,978
3,182
63.9
1,374
1,349
98.2
Jun-10
4,986
2,965
59.5
1,388
1,364
98.3
Jul-10
4,990
3,029
60.7
1,392
1,373
98.6
Aug-10
4,996
3,010
60.2
1,408
1,389
98.7
Sep-10
4,997
3,055
61.1
1,412
1,395
98.8
Oct-10
5,019
3,076
61.29
1,435
1,415
98.6
Nov-10
5,022
2,992
59.58
1,440
1,419
98.5
Dec-10
5,034
3,048
60.55
1,456
1,432
98.4
Jan-11
5,047
2,984
59.12
1,462
1,440
98.5
Feb-11
5,054
2,913
57.64
1,470
1,444
98.2
Mar-11
5,067
2,933
57.88
1,484
1,450
97.7
311
APRIL
SEBI BULLETIN
2011
Table 19: Percentage Share of Top 'N' Securities/Members

(Percent)
Month/Year
BSE
NSE
Top
10
25
50
100
10
25
50
100
10
11
Securities
2008-09
18.5
29.6
49.0
66.0
79.6
20.5
32.6
56.4
74.7
87.7
2009-10
15.3
22.2
35.3
47.8
62.4
13.7
23.0
41.0
58.5
74.4
2010-11
15.2
24.8
40.8
54.3
67.7
16.3
26.7
45.7
62.0
77.8
Apr-10
10.9
16.9
28.4
40.3
55.0
14.5
24.4
41.0
55.5
70.3
May-10
14.1
23.4
38.4
50.8
64.1
16.6
26.8
47.7
63.3
77.9
Jun-10
11.4
19.6
36.0
49.7
63.5
13.8
23.5
43.9
61.7
76.1
Jul-10
8.6
14.9
27.8
40.3
54.5
11.9
20.2
38.7
55.9
70.3
Aug-10
11.2
18.6
29.6
40.7
53.6
15.1
21.6
36.5
52.2
66.9
Sep-10
11.5
17.6
26.7
38.2
53.0
14.3
22.4
37.3
51.5
67.2
Oct-10
8.2
14.1
26.1
39.0
55.0
12.3
19.7
34.1
48.7
67.2
Nov-10
18.7
25.3
36.1
48.0
61.7
20.4
28.8
43.3
57.9
73.7
Dec-10
15.0
21.6
33.9
48.4
65.2
17.9
26.5
41.6
57.4
75.5
Jan-11
15.9
22.9
35.8
49.3
64.8
19.2
29.8
46.4
62.3
77.3
Feb-11
16.5
24.6
39.5
53.6
68.6
19.1
29.1
48.4
64.6
79.6
Mar-11
15.2
24.8
40.8
54.3
67.7
16.3
26.7
45.7
62.0
77.8
Members
2008-09
14.3
21.7
38.2
55.8
73.3
13.6
23.6
43.6
61.2
75.4
2009-10
13.3
21.1
37.3
53.3
71.5
14.9
24.0
41.8
57.8
72.6
2010-11
15.0
23.3
37.7
52.3
69.7
14.1
23.5
43.6
59.5
74.6
Apr-10
13.6
21.1
36.7
52.7
70.9
14.8
24.3
42.3
58.4
72.8
May-10
14.8
21.8
37.7
54.1
71.9
14.7
24.6
43.5
60.0
74.2
Jun-10
14.7
22.1
38.3
54.2
72.0
14.6
24.4
41.9
58.1
72.8
Jul-10
13.7
21.1
36.7
52.8
70.9
14.7
24.3
42.7
57.9
72.5
Aug-10
13.7
22.3
38.2
53.5
71.2
14.8
24.2
41.7
57.0
72.0
Sep-10
13.8
22.6
37.8
52.5
70.4
14.9
25.0
43.5
58.7
73.2
Oct-10
13.1
21.5
37.1
52.6
70.7
14.3
23.9
42.1
57.9
72.5
Nov-10
13.8
22.5
38.0
52.8
71.4
13.7
23.9
43.3
59.0
73.7
Dec-10
14.9
23.6
39.6
54.1
71.4
13.8
24.3
43.6
59.6
74.3
Jan-11
15.0
24.2
40.3
55.4
72.7
14.2
24.6
44.9
61.4
76.1
Feb-11
16.4
25.2
40.3
55.7
73.0
13.8
23.9
45.4
62.0
77.1
Mar-11
15.0
23.3
37.7
52.3
69.7
14.1
23.5
43.6
59.5
74.6
312
313
494
527
467
410
352
368
369
Sep-10
Oct-10
Nov-10
Dec-10
Jan-11
Feb-11
Mar-11
Source: BSE.
453
517
443
Jun-10
Aug-10
431
May-10
Jul-10
453
Apr-10
63,370
57,627
62,777
76,404
95,076
1,09,697
1,03,987
93,849
87,762
78,970
75,466
85,792
32,311
24,265
21,568
24,909
29,534
35,813
39,528
39,819
36,428
35,061
28,701
28,953
38.3
37.4
39.7
38.7
37.7
36.0
38.3
38.8
39.9
36.3
38.4
37.7
38.0
2010-11 5,285
9,90,776 3,76,890
32.0
5
26.6
7,39,601 1,96,630
2009-10 6,056 11,36,513 3,63,578
2008-09 5,408
7
3,11,364
72,457
68,830
69,858
81,560
1,06,000
1,18,497
1,08,885
1,12,882
92,957
92,493
86,680
93,929
18,222
16,981
18,660
20,400
29,811
34,052
33,317
32,778
26,298
23,698
22,185
25,724
11,05,027 3,02,126
13,78,809
11,00,074 2,30,332
25.1
24.7
26.7
25.0
28.1
28.7
30.6
29.0
28.3
25.6
25.6
27.4
27.3
22.6
20.9
Month/ No. of Traded Delivered Percent of Turnover Delivered Percent of

Year
Trades Quantity Quantity Delivered (` crore) Value Delivered
(Lakh) (Lakh) (Lakh) Quantity to
(` crore) Value to
Traded
Total
Quantity
Turnover
24,227
21,567
24,908
29,534
35,812
39,527
39,818
36,243
32,684
28,699
28,949
32,309
3,74,277
3,63,500
1,96,096
99.8
100.0
100.0
100.0
100.0
100.0
100.0
99.5
93.2
100.0
100.0
100.0
99.3
100.0
99.7
18,216
16,981
18,659
20,400
29,811
34,051
33,317
32,773
26,270
23,697
22,183
25,724
3,02,082
3,11,352
2,30,173
132
98
100.0
100.0
60
123
100.0
100.0
143
74
110
99.9
100.0
100.0
120
100.0
81
68
100.0
208
107
100.0
100.0
1,323
100.0
100.0
740
1,769
99.9
100.0
0.2
0.3
0.8
0.3
0.3
0.3
0.3
0.4
0.3
0.4
0.2
0.3
0.4
0.5
0.4
Short Percent of
Delivered Percent of Delivered Percent of
Delivery Short
Quantity Demat Value in Demat
in Demat Delivered Demat Delivered (Auctioned Delivery
Value to quantity)
to
Mode Quantity to
Total
(Lakh) Delivery
(Lakh)
Total (` crore)
Delivered
Quantity
Delivered
Value
Quantity
12
13
14
9
10
11
Table 20: Settlement Statistics for Cash Segment of BSE
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.1
15
Unrectified
Bad
Delivery
(Auctioned
quantity)
(Lakh)
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
16
6,704
5,964
6,904
6,522
9,878
9,467
7,531
6,794
6,959
7,476
7,410
6,465
88,072
99,102
84,841
17
18,222
16,981
18,660
20,400
29,811
34,052
33,317
32,778
26,298
23,698
22,185
25,724
3,02,126
3,11,364
2,30,332
18
4,138
4,096
4,096
4,254
4,334
4,371
4,454
4,402
4,336
4,308
4,395
4,438
4,138
4,398
3,624
19
Percent of Funds Securities Settlement

Unrectified Pay-in Pay-in Guarantee
Bad (` crore) (` crore)
Delivery to
(` crore)
Delivery
Quantity
APRIL
SEBI BULLETIN
2011
314
1,336 1,54,480
1,168 1,29,068
1,262 1,40,067
1,248 1,25,953
Dec-10
Jan-11
Feb-11
Mar-11
Source: NSE.
1,488 1,98,534
1,411 1,88,745
1,361 1,53,694
1,295 1,56,909
Aug-10
Sep-10
Oct-10
Nov-10
1,236 1,41,008
1,224 1,40,128
Jun-10
Jul-10
28.8
28.6
26.7
28.1
33,785
26.8
38,081 27.2
41,214
36,302
55,601 28.0
53,870 28.5
44,245
44,898
34,547
38,654
24.5
27.6
26.3
37,276
1,254 1,41,599
May-10
27.5
27.6
2010-11 15,480 18,10,910 4,97,367

Apr-10 1,197 1,40,723 38,893
21.4
21.5
87,358
87,348
70,710
76,665
76,040
2,53,528
2,65,416
3,02,626
2,64,548
67,652
71,110
82,082
74,028
3,68,748 1,05,539
3,70,157 1,04,841
3,16,431
3,02,984
2,82,748
2,76,734
2,87,931
35,65,195 9,78,015
2,73,344 74,642
27,49,450 6,10,498
41,29,214 9,16,460
26.7
26.8
27.1
28.0
28.6
28.3
27.6
28.8
25.0
27.7
26.4
27.4
27.3
22.2
22.2
33,785
38,081
41,214
36,302
55,601
53,870
44,245
44,898
34,547
38,654
37,276
4,97,367
38,893
3,03,299
4,73,952
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
10
67,652
71,110
82,082
74,028
1,05,539
1,04,841
87,358
87,348
70,710
76,665
76,040
9,78,015
74,642
6,10,498
9,16,460
11
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
12
52
54
75
56
82
109
146
88
52
60
60
903
69
625
862
13
0.2
0.1
0.2
0.2
0.1
0.2
0.3
0.2
0.1
0.2
0.2
0.2
0.2
0.2
0.2
14
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
15
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
16
18
87,521
87,471
76,122
70,801
76,753
22,329
22,217
24,744
25,839
67,720
71,191
82,171
74,105
28,479 1,05,674
35,467 1,04,996
21,675
27,316
23,541
22,292
20,145
2,93,357 9,79,269
19,310 74,744
2,20,704 6,10,498
2,78,387 9,16,460
17
5,100
4,967
5,261
4,999
5,350
5,358
5,201
5,449
5,233
5,210
5,226
5,100
5,427
4,844
5,547
19
No. of Traded Delivered Percent of Turnover Delivered Percent of Delivered Percent of Delivered Percent of
Short
Percent Unrectified Percent of Funds Securities Settlement
Trades Quantity Quantity Delivered (` crore)
Delivered Quantity in Demat
Value in
Demat
Delivery of Short
Bad
Unrectified Pay-in
Pay-in Guarantee
Value
(Lakh) (Lakh)
(Lakh) Quantity
Demat Delivered Demat Delivered (Auctioned Delivery Delivery
Bad
(` crore) Value to
(` crore) (` crore)
to Traded
Total
Mode Quantity to Mode
Value to quantity)
to
(Auctioned Delivery to
(` crore)
Quantity
Turnover
(Lakh)
Total
Total
(Lakh) Delivery quantity)
Delivery
(` crore)
Delivered
Delivered
(Lakh)
Quantity
Value
2008-09 13,639 14,18,928 3,03,299

2009-10 16,788 22,05,878 4,73,952
Month/
Year
Table 21: Settlement Statistics for Cash Segment of NSE
APRIL
SEBI BULLETIN
2011
315
22
Mar-11
917
3,434
39
435
37
180
122
114
40
93
148
54
5,613
3,744
4,95,830
25
93
13
154
96
11,757
299
Stock Futures
Index Options
Stock Options
5,276
251
7
6
138
10
10
122
10
11
12
13
14
13
1
93
25
435
39
3,434
917
122
114
37
40
93
180
154
5,623
234
9,026
54
11,775
4,96,502
158
16
15
10
10
22
17
18
Open Interest
Total
at the end of
Call
Put
Call
Put
No. of Turnover No. of Turnover No. of Turnover No. of Turnover No. of Turnover No. of Turnover No. of Turnover No. of Value
Contracts (` crore) Contracts (` crore) Contracts (` crore) Contracts (` crore) Contracts (` crore) Contracts (` crore) Contracts (` crore) Contracts (` crore)
Index Futures
Notional Turnover = (Strike Price + Premium) * Quantity.

Source: BSE.
20
Sep-10
Feb-11
Aug-10
20
21
Jul-10
Jan-11
22
Jun-10
22
22
May-10
Dec-10
22
Apr-10
21
21
2010-11
Nov-10
254
2009-10
21
244
2008-09
Oct-10
243
20
No. of
Month/
Trading
Year
Days
Table 22: Equity Derivatives Segment at BSE (Turnover in Notional Value)

APRIL
SEBI BULLETIN
2011
Call
Index Options
Put
Call
Stock Options
Put
316
22
20
20
22
Jan-11
Feb-11
Mar-11
3,99,595 1,41,89,337 3,63,405 3,54,30,135 10,14,990
4,02,759 1,60,48,082 4,01,307 3,79,24,368 10,59,766
3,80,43,240 10,33,607
3,66,81,957 9,84,587
3,84,484 1,48,23,064 4,11,149 3,33,93,126 9,96,718 3,36,45,531 9,65,797
3,22,793 1,54,09,764 4,32,644 2,45,33,340 7,51,192 2,61,51,091 7,68,088
1,53,33,341
1,57,34,318
1,40,95,425
1,14,06,712
4,24,789 1,83,64,437 5,39,872 3,04,96,310 9,46,324 3,21,22,151 9,56,620
17,41,344
20,70,078
20,35,556
20,21,545
23,24,075
47,406
56,955
61,787
61,356
75,786
86,796
7,10,229
9,06,631
7,36,053
7,19,867
7,31,246
6,16,995
18,897
23,921
21,898
21,035
22,455
20,897
23,516
28,41,834 43,87,177 1,15,487
23,57,109 37,24,474 1,09,455
29,65,846 46,61,543 1,30,551
28,24,493 46,37,628 1,34,881
27,36,392 45,06,084 1,33,859
10,54,47,626 28,77,900 36,90,373 1,01,816
10,93,65,434 29,29,295 42,67,650 1,08,480
9,87,28,755
8,02,42,319
9,87,99,250
9,08,01,023
9,30,89,649
20,53,728 57,18,501 1,53,948
18,29,910 45,65,614 1,21,864
20,35,599 46,32,680 1,22,173
21,24,496 40,12,872 1,04,437
16,71,620 37,49,538 1,03,280
Dec-10
1,47,61,031
24,57,385
7,38,494
7,37,12,025
6,77,56,807
7,70,78,089
8,09,60,515
5,82,30,570
21
4,02,457 1,83,81,074 6,08,830 2,77,72,294 8,71,865 2,77,77,663 8,33,649
84,954
24,045
16,988
19,250
21,296
19,039
Nov-10
1,37,95,612
25,84,821
7,47,574
5,79,390
6,20,790
6,42,775
4,84,789
21
3,83,872 1,78,65,765 5,55,581 2,73,14,589 8,13,116 3,08,49,458 8,75,353
76,820
56,723
52,297
58,537
57,692
Oct-10
1,37,36,522
23,40,573
18,79,794
16,57,220
16,96,094
14,65,075
21
2,99,130 1,66,20,194 4,96,267 1,90,36,006 5,32,013 2,34,00,978 6,25,453
2,89,423 1,48,77,996 4,23,422 1,82,31,436 5,01,798 2,06,57,577 5,41,556
3,72,266 1,41,56,191 4,21,843 2,05,96,147 5,49,698 2,46,13,415 6,20,245
3,95,613 1,38,86,580 4,31,593 2,35,02,366 6,11,699 2,43,89,036 6,05,759
2,79,572 1,14,18,975 4,09,844 1,63,03,127 4,41,522 1,77,73,216 4,63,950
Sep-10
1,15,66,700
1,15,30,614
1,54,34,326
1,68,43,664
1,07,85,388
22
18
Aug-10
17
22
16
Jul-10
15
57,384 65,73,90,497 1,10,10,482 32,27,759 57,705
14
22
13
Jun-10
12
97,62,968 1,71,843 35,33,002
11
21
10
May-10
20
Apr-10
254 16,50,23,653 43,56,755 18,60,41,459 54,95,757 31,45,33,244 90,90,702 33,61,05,313 92,74,664 2,42,73,560 7,77,109 82,34,833 2,53,235 103,42,12,062 2,92,48,221 36,90,373 1,01,816
2010-11
244 17,83,06,889 39,34,389 14,55,91,240 51,95,247 16,76,83,928 40,49,266 17,36,95,595 39,78,699 1,06,14,147 3,89,158 34,02,123 1,16,907 67,92,93,922 1,76,63,665 34,89,790 97,978
2009-10
Open Interest at
the end of
Turnover No. of Value

(` crore) Contracts (` crore)
Total
243 21,04,28,103 35,70,111 22,15,77,980 34,79,642 11,04,31,974 20,02,544 10,16,56,470 17,28,957
Stock Futures
No. of Turnover No. of Turnover No. of Turnover No. of Turnover No. of Turnover No. of Turnover No. of
Contracts (` crore) Contracts (` crore) Contracts (` crore) Contracts (` crore) Contracts (` crore) Contracts (` crore) Contracts
Index Futures
2008-09
Month/
No. of
Year
Trading
Days
Table 23: Equity Derivatives Segment at NSE (Turnover in Notional Value)

APRIL
SEBI BULLETIN
2011
317
5,91,772
5,00,745
5,82,553
4,76,000
8,13,699
7,70,926
7,39,779
6,34,790
11,12,248
21-Mar-11
22-Mar-11
23-Mar-11
24-Mar-11
25-Mar-11
28-Mar-11
29-Mar-11
30-Mar-11
31-Mar-11
31,013
17,620
20,293
20,982
21,706
12,443
14,878
12,682
14,871
18,218
18,185
13,948
26,558
14,952
18,397
12,960
16,888
14,545
19,230
16,142
22,535
20,550
Turnover
(` crore)
13,00,957
10,50,834
10,68,912
9,92,305
8,13,423
6,31,295
5,50,133
4,30,811
4,17,763
4,95,021
4,96,402
5,00,413
6,38,496
4,59,198
5,14,567
4,32,135
5,33,549
4,45,636
4,77,784
5,34,423
7,35,575
6,69,705
No. of
Contracts
34,424
27,797
27,392
25,552
21,114
15,470
13,832
10,819
10,546
12,659
12,857
12,822
16,346
11,610
12,962
10,930
13,323
11,360
12,073
13,699
18,878
16,939
Turnover
(` crore)
Stock Futures
31,14,457
17,20,442
20,78,801
18,76,329
21,88,157
11,18,799
15,91,103
13,79,661
16,13,584
17,75,392
15,08,406
10,95,373
18,26,667
12,42,306
14,59,152
10,38,010
13,85,330
11,19,371
15,52,488
12,51,341
18,97,883
15,97,083
91,902
50,529
60,614
54,257
62,594
31,599
44,617
38,660
45,149
50,076
42,904
31,297
51,756
35,479
41,520
29,646
39,691
32,180
44,202
36,167
54,633
45,519
Turnover
(` crore)
Calls
No. of
Contracts
32,46,795
19,12,277
22,96,997
19,78,373
23,53,678
13,65,616
17,97,906
15,60,577
16,00,202
16,38,623
15,20,977
13,25,963
23,80,368
13,47,177
16,53,826
11,06,228
13,49,148
11,39,051
14,56,241
13,58,171
19,24,105
17,30,941
93,071
54,044
64,495
55,067
64,420
36,955
48,233
41,431
42,798
43,940
40,960
35,481
63,653
36,081
44,224
29,762
36,241
30,366
38,926
36,531
51,264
45,663
Turnover
(` crore)
Puts
No. of
Contracts
Index Options
1,02,310
84,763
96,282
98,235
99,139
71,791
66,380
60,826
64,677
84,225
74,689
73,683
96,066
73,999
74,496
66,073
80,685
66,927
68,975
63,790
87,255
86,078
10
2,882
2,400
2,634
2,675
2,770
1,846
1,788
1,651
1,763
2,310
2,084
2,002
2,609
1,994
2,009
1,763
2,088
1,807
1,870
1,724
2,417
2,319
11
Turnover
(`crore)
Calls
No. of
Contracts
42,965
34,095
35,026
38,791
40,232
29,604
29,862
25,675
29,151
44,826
35,560
29,478
43,306
29,509
31,448
23,935
29,604
24,454
30,443
21,411
32,302
28,552
12
1,209
953
953
1,064
1,110
762
781
678
754
1,190
948
774
1,132
761
825
636
750
637
801
568
864
748
13
Turnover
(` crore)
Puts
No. of
Contracts
Stock Options
89,19,732
54,37,201
63,15,797
57,54,959
63,08,328
36,93,105
46,17,937
39,58,295
43,17,149
47,57,807
43,47,081
35,66,664
60,37,617
37,34,121
44,59,236
31,75,247
40,34,778
33,59,077
43,40,361
38,49,861
55,47,062
49,16,211
14
No. of
Contracts
2,54,501
1,53,344
1,76,382
1,59,598
1,73,714
99,074
1,24,128
1,05,921
1,15,881
1,28,392
1,17,937
96,325
1,62,054
1,00,877
1,19,936
85,697
1,08,981
90,894
1,17,102
1,04,831
1,50,591
1,31,739
15
Turnover
(`crore)
Total Turnover
36,90,373
61,24,614
60,20,600
58,98,076
57,14,531
55,96,202
55,34,232
55,17,262
55,43,522
55,38,684
53,88,591
53,58,393
52,75,251
52,72,789
51,40,719
50,38,584
49,48,564
48,60,808
47,19,493
47,48,502
46,56,513
45,25,279
16
No. of
contracts
1,01,816
1,69,792
1,65,191
1,60,517
1,54,479
1,47,996
1,45,306
1,43,208
1,42,588
1,42,809
1,40,779
1,41,415
1,37,574
1,39,558
1,34,042
1,32,596
1,30,945
1,28,217
1,23,050
1,25,686
1,23,144
1,19,309
17
Value
(` crore)
Open Interest at
the end of the day
SEBI BULLETIN

Source: NSE.
7,19,720
18-Mar-11
7,25,747
11-Mar-11
7,11,047
5,08,866
10-Mar-11
17-Mar-11
6,56,462
9-Mar-11
5,41,754
5,63,638
8-Mar-11
16-Mar-11
7,54,430
7-Mar-11
10,52,714
6,20,725
4-Mar-11
15-Mar-11
8,69,942
3-Mar-11
5,81,932
8,03,852
1-Mar-11
14-Mar-11
No. of
Contracts
Index Futures
Date
Table 24: Equity Derivatives Trading at NSE during March 2011 (Turnover in Notional Value)
APRIL
2011
Index/Stock Options
318
Dec-10
Jan-11
Feb-11
Mar-11
Jul-10
Nov-10
Jun-10
May-10
Oct-10
Apr-10
2010-11
Sep-10
2009-10
2008-09
Aug-10
110
MTM
Final
Premium
Exercise
Settlement Settlement Settlement Settlement
Index/Stock Futures
Month/
Year
BSE
NSE
113
71
74
69
72
68
70
70
71
71
70
70
68
71
72
81
4,033
6,203
6,458
7,242
10,170
6,685
4,175
3,466
3,382
5,117
7,062
3,295
67,288
60,656
75,194
76
359
160
77
191
182
105
49
57
48
203
83
1,591
1,395
1,498
1,066
1,247
1,074
1,012
1,053
1,124
1,623
932
796
945
1,037
795
12,703
11,011
10,960
10
200
152
165
224
183
163
314
127
133
201
152
105
2,119
3,881
4,188
11
Index/Stock Options
Settlement Index/Stock Futures
Total Gurantee
MTM
Final
Premium
Exercise
Fund
Settlement Settlement Settlement Settlement
Table 25: Settlement Statistics in Equity Derivatives Segment at BSE and NSE
5,374
7,961
7,858
8,555
11,597
8,153
6,218
4,575
4,367
6,310
8,455
4,278
83,701
76,943
91,840
12
Total
29,759
29,241
29,183
31,354
31,908
32,404
34,459
32,559
31,980
33,276
31,955
33,274
29,759
31,572
23,656
13
Settlement
Gurantee
Fund
(` crore)
APRIL
SEBI BULLETIN
2011
APRIL
SEBI BULLETIN
2011
Table 26: Trading in the Corporate Debt Market

Month/Year
BSE
NSE
FIMMDA
No. of Trades
Traded Value
(` crore)
No. of Trades
Traded Value
(` crore)
No. of Trades
Traded Value
(` crore)
2008-09
8,327
37,320
4,902
49,505
9,501
61,535
2009-10
7,408
53,323
12,522
1,51,920
18,300
1,95,955
2010-11
4,465
39,581
8,006
1,55,951
31,589
4,09,742
Apr-10
497
3,881
902
19,655
3,206
43,312
May-10
784
5,701
1,048
22,380
3,683
44,630
Jun-10
435
4,378
893
13,294
3,071
36,731
Jul-10
435
4,587
593
12,107
3,418
47,088
Aug-10
251
2,033
861
12,486
2,654
35,883
Sep-10
209
2,689
862
12,964
2,564
37,017
Oct-10
226
1,341
568
11,496
2,575
35,496
Nov-10
246
2,724
438
9,785
2,157
26,203
Dec-10
229
3,431
738
8,451
1,869
24,635
Jan-11
236
1,397
346
9,781
1,905
25,285
Feb-11
192
2,614
367
10,696
1,626
21,201
Mar-11
725
4,804
390
12,855
2,861
32,261
Source: BSE, NSE and FIMMDA.
319
17,82,608
34,49,788
3,45,932
2009-10 37,86,06,983
2010-11 74,96,02,075
7,70,85,167
7,77,44,870
6,98,37,533
4,49,24,854
4,26,39,638
6,15,86,474
6,80,99,263
5,83,03,944
5,19,35,953
5,95,71,331
5,52,28,606
8,26,44,442
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
320
Nov-10
Dec-10
Jan-11
Feb-11
Mar-11
17,205
13,403
13,742
10,798
12,682
14,552
14,235
9,583
9,698
14,881
17,984
18,207
14,795
7,428
1,170
30,20,562
22,85,522
19,17,266
14,36,849
14,61,861
10,18,752
8,42,910
9,44,422
8,58,180
9,77,138
7,88,154
5,91,253
30,20,562
4,27,873
2,57,554
5
2,98,47,569
13,690
10,540
9,000
6,540
6,828
4,645
3,876
4,514
4,057
4,600
3,702
2,679
8,81,22,092
6,12,49,728
7,40,71,176
6,03,88,799
7,29,63,218
8,00,26,906
7,88,07,686
6,09,67,200
6,64,15,185
8,88,14,522
8,97,51,764
8,16,07,363
13,690 90,31,85,639
1,964 40,81,66,278
1,313
NSE
Avg
Open Interest
No. of
Daily
at the end of
Contracts
Trading
No. of
Traded
Value Contracts Value
(` crore)
(` crore)
4,03,898
2,82,742
3,41,913
2,76,019
3,32,253
3,58,429
3,66,195
2,91,018
3,20,016
4,25,088
4,23,075
3,73,372
41,94,017
19,44,654
1,48,826
10
18,359 7,94,788
14,881 7,56,052
17,096 8,67,501
12,546 8,14,370
15,822 9,08,559
17,068 8,09,412
18,310 9,00,451
13,858 7,93,594
14,546 7,80,189
19,322 8,32,531
21,154 5,57,883
19,651 5,54,539
16,843 7,94,788
8,103 4,23,314
1,305 1,94,265
12
NA
NA
NA
NA
13
3,706
3,567
4,146
3,736
4,246
3,679
4,115
3,808
3,693
3,929
2,644
2,522
NA
NA
NA
NA
NA
1,96,34,955
1,32,84,857
94,95,412
66,13,010
1,74,16,315
90,806
60,569
43,330
29,961
78,399
5,40,47,100 2,41,810
4,72,80,718 2,17,627
NA
NA
NA
NA
NA
3,706 16,77,72,367 7,62,501
1,951
990
11
NA
NA
NA
NA
NA
24,066
NA
NA
15
4,128
3,188
2,166
1,362
3,733
11,515
24,066
20,345
32,119
18,077
99,010
53,773
27,203 1,33,256
NA
NA
NA
NA
NA
5,733
NA
NA
14
109
92
148
81
459
240
606
NA
NA
NA
NA
NA
109
NA
NA
16
MCX-SX
USE
Traded
Avg
Open Interest
No. of
Traded Avg
Open Interest
Value
Daily
at the end of
Contracts Value
Daily
at the end of
(` crore) Trading No. of Traded
(` crore) Trading No. of Traded
(` crore)
(` crore)
(` crore)
(` crore)
Note: Currency Futures trading statred at NSE on August 29, 2008 and at MCX-SX on October 07, 2008.
Currency Futures trading started at USE on September 20, 2010.
Currency Options were introducded at NSE w.e.f October 29, 2010.
NA implies Not Available.
Source: NSE, MCX-SX and USE.
3,78,517
2,54,654
2,74,833
2,37,564
2,66,332
3,05,597
2,84,704
2,01,239
2,13,353
3,27,382
3,59,680
1,62,563
3,27,38,566
2008-09
Traded
Value
(` crore)
No. of
Contracts
Month/
Year
Table 27: Trading Statistics of Currency Derivatives Segment

APRIL
SEBI BULLETIN
2011
321
38,85,822
39,16,104
36,84,874
42,69,541
45,15,449
56,01,637
40,53,401
43,50,531
49,92,153
25,70,446
37,38,995
17-Mar-11
18-Mar-11
21-Mar-11
22-Mar-11
23-Mar-11
24-Mar-11
25-Mar-11
28-Mar-11
29-Mar-11
30-Mar-11
31-Mar-11
16,966
11,796
22,782
19,769
18,355
25,532
20,651
19,539
16,851
18,061
17,945
15,588
20,398
16,059
18,002
14,737
8,941
14,488
14,345
14,183
17,430
16,100
Traded
Value
(` crore)
30,20,562
26,95,480
28,04,937
49,95,181
49,12,069
46,30,812
42,87,018
40,33,502
39,31,786
38,42,077
38,08,326
36,35,597
36,48,346
34,64,369
33,90,784
32,31,408
30,97,763
30,23,047
29,74,786
28,71,325
26,22,438
23,66,411
13,690
12,275
12,775
22,672
22,240
21,023
19,582
18,461
17,982
17,594
17,479
16,679
16,763
15,873
15,553
14,781
14,153
13,839
13,647
13,130
12,003
10,861
Traded
Value
(` crore)
Open Interest
at the end of
No. of
Contracts
NSE
33,92,804
31,78,812
58,65,789
51,35,046
36,81,598
44,54,970
35,65,358
31,21,208
33,77,061
38,40,682
43,58,177
41,18,011
57,47,512
38,68,344
51,56,029
32,85,978
23,32,844
37,74,485
39,05,305
34,78,271
44,90,032
39,93,776
No. of
Contracts
15,398
14,578
26,741
23,338
16,747
20,379
16,372
14,371
15,459
17,739
20,091
18,956
26,392
17,802
23,707
15,063
10,769
17,291
17,917
15,933
20,519
18,336
Traded
Value
(` crore)
7,94,788
7,33,459
11,92,674
12,05,520
11,87,207
11,82,366
11,17,676
10,03,691
9,29,891
9,41,174
10,30,225
10,22,825
10,76,207
9,69,690
10,46,738
9,36,805
9,38,186
9,83,453
10,59,885
8,86,601
9,34,208
7,68,151
8
9,53,149
10
No. of
Contracts
6,54,063
9,61,610
9,59,770
7,61,681
6,88,582
5,44,050
7,51,067
7,21,803
7,18,656
8,94,770
7,45,889
6,89,724
6,33,401
9,07,196
9,64,260
3,706
3,435
9,94,079
9,68,555
5,580 16,86,314
5,641 10,93,631
5,537 13,15,574
5,520
5,259
4,763
4,410
4,451
4,870
4,831
5,065
4,555
4,904
4,392
4,385
4,599
4,955
4,145
4,355 10,27,131
3,586
Traded
Value
( ` crore)
Open Interest
at the end of
No. of
Contracts
MCX-SX
4,790
4,726
7,917
5,162
6,001
3,008
4,425
4,419
3,559
3,233
2,524
3,475
3,299
3,283
4,103
3,417
3,153
2,876
4,112
4,358
4,648
4,317
11
Traded
Value
(` crore)
24,066
34,163
50,968
79,524
73,565
77,999
93,263
63,356
61,427
76,150
64,582
62,529
57,435
37,078
61,781
43,131
39,846
42,719
35,718
47,918
34,571
38,280
12
109
156
240
319
316
339
409
287
283
349
293
283
269
171
286
194
181
193
162
216
156
173
13
Open Interest
at the end of
No. of
Traded
Contracts
Value
( ` crore)
USE
SEBI BULLETIN
33,83,174
16-Mar-11
32,11,768
10-Mar-11
44,32,063
19,36,941
9-Mar-11
15-Mar-11
31,58,211
8-Mar-11
34,98,720
31,23,564
7-Mar-11
14-Mar-11
30,97,118
4-Mar-11
39,11,787
38,11,109
3-Mar-11
11-Mar-11
35,01,034
No. of
Contracts
1-Mar-11
Date
Table 28: Daily Trends of Currency Derivatives Trading during March 2011
APRIL
2011
APRIL
SEBI BULLETIN
2011
Table 29: Settlement Statistics of Currency Derivatives Segment

(` crore)
Month/Year
NSE
MCX-SX
USE
Currency Futures
Currency Futures
Currency Futures
MTM
Settlement
Final Settlement
MTM
Settlement
Final Settlement
MTM
Settlement
Final Settlement
2008-09
361.8
5.6
237.2
5.2
NA
NA
2009-10
1,050.2
29.0
913.4
24.2
NA
NA
2010-11
2,410.8
90.2
2,029.8
56.8
139.4
6.8
Apr-10
74.8
4.0
71.8
2.04
NA
NA
May-10
303.7
12.3
325.6
9.71
NA
NA
Jun-10
233.8
4.7
217.6
4.16
NA
NA
Jul-10
187.2
3.2
177.8
3.35
NA
NA
Aug-10
113.6
0.4
98.0
0.39
NA
NA
Sep-10
173.7
7.8
164.2
6.71
8.9
1.3
Oct-10
205.1
4.5
198.8
5.27
40.2
0.9
Nov-10
210.0
15.0
175.9
6.59
31.5
1.7
Dec-10
272.0
11.3
212.5
1.04
28.4
0.1
Jan-11
171.2
8.1
112.0
6.47
10.0
1.3
Feb-11
227.8
9.8
140.9
6.22
8.4
0.7
Mar-11
237.9
9.0
134.7
4.83
12.0
0.7
Note: Currency Futures trading statred at NSE on August 29, 2008 and at MCX-SX on October 07, 2008.
Currency Futures trading started at USE on September 20, 2010.
Currency Options were introducded at NSE w.e.f October 29, 2010.
NA implies Not Available.
322
APRIL
SEBI BULLETIN
2011
Table 30: Trading Statistics of Interest Rate Futures Segment at NSE

Month/ Year
1
2009-10 #
No. of
Contracts
Traded
Trading Value
(` crore)
Average Daily
Trading Value
(` crore)
Number of
Trading Days
Open Interest at the end of

No. of
Contracts
Trading Value
( ` crore)
1,60,894
2,975
21.2
140
758
14
2010-11
3,348
62
0.25
249
0.02
Apr-10
407
0.39
19
838
15.48
May-10
1,177
22
1.08
20
1,004
18.91
Jun-10
917
17
0.78
22
63
1.18
Jul-10
205
0.17
22
63
1.17
Aug-10
26
0.02
21
62
1.15
Sep-10
79
0.07
20
0.00
Oct-10
24
0.02
21
0.11
Nov-10
29
0.03
21
0.04
Dec-10
442
0.37
22
0.02
Jan-11
17
0.3
0.02
20
0.07
Feb-11
11
0.2
0.01
19
0.04
Mar-11
14
0.3
0.01
22
0.02
# Interest Rate Futures trading restarted on August 31, 2009.

Source: NSE.
323
APRIL
SEBI BULLETIN
2011
Table 31: Interest Rate Futures trading at NSE during March 2011
Date
No. of Contracts
Traded
Trading Value
( ` crore)
Open Interest
No. of contracts
Value
(` crore)
1-Mar-11
0.0
0.0
3-Mar-11
0.0
0.0
4-Mar-11
0.0
0.0
7-Mar-11
0.0
0.0
8-Mar-11
0.0
0.0
9-Mar-11
0.0
0.1
10-Mar-11
0.0
0.1
11-Mar-11
0.0
0.1
14-Mar-11
0.0
0.1
15-Mar-11
0.0
0.1
16-Mar-11
0.0
0.1
17-Mar-11
0.0
0.1
18-Mar-11
0.0
0.1
21-Mar-11
0.0
0.1
22-Mar-11
0.0
0.0
23-Mar-11
0.0
0.0
24-Mar-11
0.0
0.0
25-Mar-11
0.0
0.0
28-Mar-11
0.0
29-Mar-11
0.0
30-Mar-11
0.0
31-Mar-11
0.0
0.0
Source: NSE.
324
APRIL
SEBI BULLETIN
2011
Table 32: Settlement Statistics in Interest Rate Futures Segment at NSE

(` crore)
Month/Year
MTM Settlement
Final Settlement
27.8
109.7
2010-11
2.2
12.7
Apr-10
0.7
0.0
May-10
0.9
0.0
Jun-10
0.5
12.4
Jul-10
0.0
0.0
Aug-10
0.0
0.0
Sep-10
0.0
0.2
Oct-10
0.0
0.0
Nov-10
0.0
0.0
Dec-10
0.0
0.0
Jan-11
0.0
0.0
Feb-11
0.0
0.0
Mar-11
0.0
0.0
1
2009-10 #
# Interest Rate Futures trading restarted on August 31, 2009.

Source: NSE.
325
APRIL
SEBI BULLETIN
2011
Table 33: Trends in Foreign Institutional Investment

Period
Gross Purchase
(` crore)
Gross Sales
(` crore)
Net Investment
(` crore)
Net Investment
(US $ mn.)
Cumulative Net
Investment
(US $ mn.)
2008-09
6,14,576
6,60,386
-45,811
-9,837
59,081
2009-10
8,46,437
7,03,779
1,42,658
30,252
89,333
2010-11
9,92,598
8,46,161
1,46,438
32,226
1,21,559
Apr-10
74,374
61,981
12,393
2,783
92,116
May-10
71,569
78,555
-6,986
-1,505
90,611
Jun-10
68,976
57,727
11,249
2,424
93,035
Jul-10
80,671
55,947
24,724
5,285
98,320
Aug-10
75,396
60,710
14,686
3,163
1,01,483
Sep-10
92,837
60,169
32,668
7,100
1,08,583
Oct-10
1,07,630
83,328
24,303
5,468
1,14,052
Nov-10
1,03,475
82,265
21,211
4,785
1,18,837
Dec-10
82,561
79,346
3,214
710
1,19,547
Jan-11
83,365
78,001
5,364
1,198
1,20,745
Feb-11
74,854
78,125
-3,270
-721
1,20,024
Mar-11
76,890
70,008
6,883
1,535
1,21,559
The data presented above is compiled on the basis of reports submitted to SEBI by custodians.
Source: SEBI.
326
327
3464.7
2695
1892.3
2276.1
1856.9
1651.8
1626
1926.6
2523.1
2211.5
2188.7
2086.1
1269
1539.8
1931.6
2167.8
3329.9
3016.3
3670.2
3046.3
4-Mar-11
7-Mar-11
8-Mar-11
9-Mar-11
10-Mar-11
11-Mar-11
14-Mar-11
15-Mar-11
16-Mar-11
17-Mar-11
18-Mar-11
21-Mar-11
22-Mar-11
23-Mar-11
24-Mar-11
25-Mar-11
28-Mar-11
29-Mar-11
30-Mar-11
31-Mar-11
46,121.8
2002.9
2169.8
2534.6
1812
1822.3
1538.4
1226.5
1336.9
2540.8
2593.5
2336.1
2303.7
1419.6
1842.3
1688.9
1650.3
1908.6
1889.6
2069.5
3183.8
2439.2
3812.5
6,897.8
1043.5
1500.4
481.7
1518
345.5
393.3
313.3
-67.9
-454.8
-404.8
-124.5
219.4
507.1
-216.3
-37.1
206.6
367.5
2.7
625.5
280.9
467.1
-69.3
1,540.4
233.08
335.88
107.57
339.97
77.17
87.47
69.67
-15.07
-100.86
-89.48
-27.56
48.47
112.31
-47.85
-8.22
45.89
81.61
0.6
139.04
62.47
103.53
-15.33
Gross Sales
Net
Net
(` crore) Investment Investment
(` crore) (US $ mn.)*
Equity
23,870.5
816.2
870.2
1098.4
1412.7
2356.6
2004.3
1430.6
182.1
401.5
326.5
1401.1
854.6
493.8
1391.3
1040.9
383.6
741.8
787.4
1165.2
1765.3
2413.3
533.1
Gross
Purchase
(` crore)
23,885.7
758.4
1640.4
1891
1575.3
1920.9
1766.7
2525.1
689.4
468.6
1408.5
549.7
700.2
401.5
435.8
585.5
1061
254.1
1055.5
705.4
593.8
669.2
2229.7
-14.9
57.9
-770.2
-792.6
-162.6
435.7
237.7
-1094.5
-507.3
-67
-1082
851.4
154.4
92.3
955.6
455.4
-677.4
487.7
-268.2
459.8
1171.5
1744.1
-1696.6
-5.3
12.93
-172.42
-177
-36.43
97.32
52.86
-243.39
-112.6
-14.86
-239.16
188.44
34.1
20.44
211.37
100.95
-150.47
108.3
-59.43
102.2
260.56
386.55
-375.52
Gross Sales
Net
Net
(` crore) (US $ mn)*
Debt
76,889.8
3,862.5
4,540.4
4,114.7
4,742.6
4,524.4
3,935.9
2,970.4
1,451.1
2,487.6
2,515.2
3,612.6
3,377.7
2,420.4
3,017.3
2,692.7
2,240.5
3,017.9
2,679.7
3,860.2
5,230.0
5,319.6
4,276.4
10
Gross
Purchase
(` crore)
70,007.5
2,761.3
3,810.2
4,425.6
3,387.3
3,743.2
3,305.1
3,751.6
2,026.3
3,009.4
4,002.0
2,885.8
3,003.9
1,821.1
2,278.1
2,274.4
2,711.3
2,162.7
2,945.1
2,774.9
3,777.6
3,108.4
6,042.2
11
6,882.9
1,101.4
730.2
-310.9
1,355.4
781.2
631.0
-781.2
-575.2
-521.8
-1,486.8
726.9
373.8
599.4
739.3
418.3
-470.8
855.2
-265.5
1,085.3
1,452.4
2,211.2
-1,765.9
12
1,535.1
246.0
163.5
-69.4
303.5
174.5
140.3
-173.7
-127.7
-115.7
-328.6
160.9
82.6
132.8
163.5
92.7
-104.6
189.9
-58.8
241.2
323.0
490.1
-390.9
13
Gross Sales
Net
Net
(` crore) (US $ mn.)*
Total
SEBI BULLETIN
The data presented above is compiled on the basis of reports submitted to SEBI by custodians on March 31, 2011 and constitutes trades conducted by FIIs on and
upto the previous trading day(s).
* Conversion rate: The daily RBI reference rate as on the trading day has been adopted. (If the trading day is a bank holiday, immediately preceding day's reference
rate has been used).
"Note: The data pertains to all the activities undertaken by FIIs in Indian Securities Market, including trades done in secondary market, primary market and
activities involved in right/bonus issues, private placement, merger & acquisition, etc."
Source: SEBI.
53,019.3
2906.3
Total
3743.3
3-Mar-11
Gross
Purchase
(` crore)
1-Mar-11
Date
Table 34: Daily Trends in Foreign Institutional Investment during March 2011
APRIL
2011
Total
328
6,21,740
4,83,015
5,33,781
5,45,535
5,55,219
5,81,183
5,96,903
5,20,211
5,35,750
5,04,881
6,09,064
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10
Jan-11
Feb-11
Mar-11
60,613
47,880
54,862
50,397
75,903
70,866
59,326
71,112
76,866
55,663
67,527
92,844
68,410
49,204
48,348
79,731
1,04,718
1,26,794
1,04,340
90,481
1,10,000
1,14,197
96,802
1,59,708
7,38,087
6,01,965
6,38,959
6,50,339
7,77,525
7,78,843
7,18,884
7,07,129
7,20,647
6,52,876
7,86,069
10,88,192
7,10,646
4,88,988
4,60,327
5,49,539
5,83,464
5,92,988
6,08,402
5,18,477
5,03,022
5,73,343
6,72,375
6,80,569
77,383
44,217
46,712
56,838
73,587
69,419
66,534
66,555
74,869
71,172
74,051
79,158
77,509
43,003
47,468
88,311
1,02,094
1,22,179
1,15,787
85,912
1,11,102
1,27,810
1,02,603
1,42,510
12,499
9,380
12
Public
Sector
-5,801
-62,960
17,198 1,85,955
-49,406
83,080
-28,296
13
Total
15,893
75,423
-29,328
13,439
-11,805
-53,183
27,058
30,760
4,569
-1,102
3,663
8,150
-6,441
2,316
1,448
25,757
84,452
-44,349
18,379
-5,742
-71,838
36,185
31,654
-9,099 -127,451
6,201
879
-8,580
2,624
4,615
-7,208 -11,447
4,557
1,997
-90,328 -15,509 -13,612 -119,449
-6,524
13,686
8,65,538 -101,582 -16,771
5,76,208
5,54,507
6,94,688
7,59,146
7,84,585
7,90,722
6,70,944
6,88,993
7,72,325
-50,634
9,02,236 1,55,071
8,49,029
15,653
-3,658
11
UTI
-19,215 -16,636 -13,555
54,928
-34,018
10
Pvt.
Sector
Net Inflow/Outflow
Source: SEBI.
Notes : 1. Erstwhile UTI has been divided into UTI Mutual Fund (registered with SEBI) and the Specified Undertaking of UTI (not
registered with SEBI). Above data in column UTI contains information only of UTI Mutual Fund.
2. Assets pertaining to Funds of Funds Schemes is not included in the above data.
8,35,640
Apr-10
88,59,515 69,42,140 8,00,494 11,66,288 89,08,921
7,01,092 54,54,650
Public
Sector
69,22,924 7,83,858 11,52,733
UTI
2010-11
Pvt.
Sector
54,26,354 43,26,768 4,26,790
Total
76,98,483 8,81,851 14,38,688 1,00,19,023 76,43,555 8,66,198 14,26,189 99,35,942
7,10,472
Public
Sector
2009-10
UTI
Redemption
42,92,751 4,23,131
Pvt.
Sector
Gross Mobilisation
2008-09
Period
Table 35: Trends in Resource Mobilisation by Mutual Funds
5,92,250
7,07,412
6,91,080
6,26,314
6,65,282
6,46,395
6,57,313
7,09,666
6,68,605
6,30,185
7,43,116
8,08,541
5,92,250
6,13,979
4,17,300
14
Assets at the
End of
Period
APRIL
SEBI BULLETIN
2011
76,150
54,26,353 54,54,650
53,916
1,45,198
17,109
25,551
4,524
61,683
-28,296 1,00,19,023 99,35,942
-22,233
Purchase
99,76,363 98,69,736
Sale
2009-10
Sale
9
Purchase
2010-11
64,915
1,28,874
62,760
57,216
83,080 88,59,515 89,08,921
12,585
-36,132
1,06,627 86,65,727 87,88,945
Net
Note: Assets pertaining to Fund of Funds Schemes is not included in the above data.
Source: SEBI.
Total
Interval
1,11,008
-34,191
Net
Close-ended
Purchase
28,128
Sale
2008-09
Open-ended 52,61,429 52,33,301
Scheme
-49,406
2,154
71,658
-123,218
10
Net
7,38,087
4,366
32,690
7,01,030
11
Sale
8,65,538
10,632
7,674
8,47,233
12
Purchase
Mar-11
Table 36 A: Type-wise Resource Mobilisation by Mutual Funds : Open-ended and Close-ended
-127,451
-6,265
25,016
-146,203
13
Net
5,92,250
18,157
1,26,897
4,47,196
14
(` crore)
Net Assets
Under
Management $
APRIL
SEBI BULLETIN
329
2011
330
14,696
11,090
Net
8
Sale
9
Purchase
10
Net
11
Sale
3,606
-3,599
989
6,530
778
-1,083
84
-998
61
1,055
2,969
4,024
7,271
-3,297
4,450
4,566
-116
436
1387
2,538
997
3,535
4,693
61,114
3,600
64,714
1754
2,558
194
2,752
5,386
60,519
2,047
62,565
-367
-20
803
783
-693
595
1,554
2,149
689
4,867
2,842
7,709
7,490
63,142
3,450
66,592
266
1596
3,479
593
4,072
6,146
-907
1,388
2,249
3,637
1,345
76,547 -13,405
3,184
79,730 -13,138
72
575
686
1,261
651
4,562
806
5,368
28,95,901 27,99,323 96,578 21,72,860 22,09,567 -36,707 1,13,893
3,974
-3,520 6,16,406
Note :Assets pertaining to Fund of Funds Schemes are not included in the above data.
Source: SEBI.
54,26,353 54,54,650 -28,296 1,00,19,023 99,35,942 83,080 88,59,515 89,08,921 -49,406 7,38,087
1,767
Total (A+B+C+D+E)
5,448
187
271
E. Funds of Funds Investing

Overseas
6,718
2,634
5,719
2,695
28,425
356
3,324
29,481
28,781
32,805
ii. Other ETFs
D. Exchange Traded
Fund (i+ii)
I. Gold ETF
C. Balanced Schemes
ii. Others
B. Growth/Equity Oriented
Schemes (i+ii)
i. ELSS
iv. Debt (assured return)
Purchase
70,44,818 70,56,891 -12,074 65,99,724 66,03,244
Sale
41,87,977 41,91,576
Net
2010-11
99,44,693 98,63,485 81,208 87,77,034 88,17,377 -40,343 7,30,735
Purchase
2009-10
53,83,367 54,15,528 -32,161
Sale
2008-09
iii. Debt (other than assured return) 11,80,694 12,12,862 -32,168
ii. Gilt
1
A. Income/Debt Oriented
Schemes (i+ii+iii+iv)
I. Liquid/Money Market
Scheme
Table 36 B: Scheme-wise Resource Mobilisation by Mutual Funds
13
Net
-17
107
647
754
232
-124
577
452
-30,613
-4
-98,255
8,65,538 -127,451
90
468
39
507
419
4,686
229
4,915
1,44,506
440
7,14,660
8,59,607 -128,872
12
Purchase
Mar-11
APRIL
SEBI BULLETIN
2011
APRIL
SEBI BULLETIN
2011
Table 37: Trends in Transactions on Stock Exchanges by Mutual Funds

(` crore)
Period
Equity
Gross
Purchase
Gross
Sales
Debt
Net
Gross
Purchase/ Purchase
Sales
4
Gross
Sales
6
Total
Net
Gross
Purchase/ Purchase
Sales
7
Gross
Sales
Net
Purchase/
Sales
10
2008-09
1,44,069
1,37,085
6,985
3,27,744
2,45,942
81,803
4,71,814
3,83,026
88,787
2009-10
1,95,662
2,06,173
-10,512
6,24,314
4,43,728
1,80,588
8,19,976
6,49,901
1,70,076
2010-11
1,54,217
1,74,018
-19,802
7,62,644
5,13,493
2,49,153
9,16,861
6,87,511
2,29,352
Apr-10
12,924
14,335
-1,410
1,17,540
51,038
66,502
1,30,464
65,373
65,092
May-10
14,712
14,614
99
54,856
52,594
2,262
69,569
67,208
2,361
Jun-10
12,329
13,422
-1,093
51,075
76,718
-25,643
63,404
90,140
-26,737
Jul-10
11,364
15,595
-4,231
39,665
38,363
1,302
51,029
53,958
-2,929
Aug-10
13,324
16,494
-3,170
50,891
28,649
22,242
64,215
45,143
19,072
Sep-10
11,679
18,915
-7,236
54,271
33,767
20,505
65,950
52,682
13,268
Oct-10
13,266
19,067
-5,801
54,989
44,011
10,978
68,255
63,078
5,177
Nov-10
14,844
14,944
-100
50,901
35,719
15,182
65,745
50,663
15,082
Dec-10
13,641
12,265
1,377
75,367
27,377
47,990
89,009
39,642
49,367
Jan-11
12,333
11,742
591
67,257
29,831
37,427
79,590
41,572
38,017
Feb-11
13,206
11,779
1,427
57,881
35,330
22,552
71,087
47,108
23,979
Mar-11
10,595
10,849
-253
87,950
60,095
27,856
98,545
70,943
27,602
Note : The above report is compiled on the basis of reports submitted to SEBI by custodians on March 28, 2011 and
constitutes trades conducted by Mutual Funds on and upto the previous trading day.
Source: SEBI.
331
APRIL
SEBI BULLETIN
2011
Table 38: Substantial Acquisition of Shares and Takeovers

Open Offers
Objectives
Year/
Month
Change in Control
of Management
Automatic
Exemption
Total
Consolidation of
Holdings
Substantial
Acquisition
No. of
issue
Amount
(` crore)
No. of
issue
Amount
(` crore)
No. of
issue
Amount
( ` crore)
No. of
issue
Amount
(` crore)
No. of
issue
Amount
(` crore)
10
11
2008-09
80
3,713
13
598
400
99
4,711
227
10,502
2009-10
56
3,649
14
1,761
448
76
5,858
206
13,864
2010-11
71
10,251
17
8,902
14
145
103
18,748
410
28,042
Apr-10
338
31
370
50
6,947
May-10
117
21
138
61
3,259
Jun-10
823
825
33
67
Jul-10
4,490
52
4,541
32
317
Aug-10
78
11
90
33
119
Sep-10
15
22
49
7,549
Oct-10
485
485
37
1,574
Nov-10
13
2,201
213
18
2,417
23
267
Dec-10
262
1,389
13
1,655
21
750
Jan-11
618
14
48
14
130
23
575
Feb-11
17
97
114
21
2,452
Mar-11
11
1,637
6,324
13
7,961
27
4,166
Note: The data has been revised for the year 2009-10 and 2010-11.
Source: SEBI.
332
APRIL
SEBI BULLETIN
2011
Table 39: Progress Report of NSDL & CDSL as on March 31, 2011
Parameter
Unit
NSDL
Mar-10 Percent
Percent
Change over Change
Corresponding during
Previous
month
year
Mar-11
Feb-11
Mar-11
Feb-11
CDSL
Mar-10
10
Percent
Percent
Change over Change
Corresponding during
Previous
month
year
Number of companies signed up

to make their shares available for
dematerialization
11
12
No
5,195
5,176
5,053
2.8
0.4
6,786
6,610
5,979
13.5
2.7
Number of Depository
Participants (registered)
No
293
293
286
2.4
0.0
544
540
495
9.9
0.7
Number of Stock Exchanges

(connected) *
No
9.1
0.6
18
18
18
13.6
-0.1
Number of Investors Accounts
Lakh
115.4
114.8
105.9
9.1
0.6
74.8
74.9
65.9
13.6
-0.1
Quantity of Shares
dematerialized
crore
26,374
26,070
21,139
24.8
1.2
10,531
10,002
7,795
35.1
5.3
48,12,196
44,26,313
41,98,226
14.6
8.7
10,81,417
10,12,990
8,38,928
28.9
6.8
Value of Shares dematerialized
` crore
Quantity of shares settled during

the month
crore
579
631
672
-13.8
-8.2
351
318
384
-8.7
10.4
Average Quantity of shares

settled daily (quantity of shares
settled during the month
(divided by 30)
crore
26
32
32
-17.7
-16.6
12
11
13
-8.7
10.4
1,02,273
1,13,560
1,24,139
-17.6
-9.9
30,746
24,864
36,854
-16.6
23.7
4,649
5,678
5,911
-21.4
-18.1
1,025
829
1,228
-16.6
23.7
951
929
660
44.1
2.4
727
853
955
-23.9
-14.8
62.1
62.4
67.9
-8.6
-0.5
16
16
14
17.1
-1.1
Value of shares settled during the

` crore
month in dematerialized form
Average Value of shares settled
daily (value of shares settled
` crore
during the month (divided by 30)
Training Programmes conducted
for representatives of Corporates,
DPs and Brokers
no
The ratio of dematerialized equity

shares to the total outstanding
percent
shares (market value)
* 18 Stock Exchanges connected to CDSL include 8 Clearing Corporation / Clearing House which are connected to CDSL to handle Clearing House functions, while the
remaining exchanges are connected to CDSL in their capacity as Clearing Member DPs. It may be noted that out of 8 Clearing Corporations, BOISL and ICCL have been
connected as Clearing Corporations of BSE.
Source: NSDL and CDSL.
333
APRIL
SEBI BULLETIN
2011
Table 40: Progress of Dematerialisation at NSDL and CDSL

NSDL
Year/
Month
Companies DPs
DPs
Live
Live Locations
(Nos.)
CDSL
Demat
Quantity
(million
shares)
Demat
Value
( ` crore)
2008-09
7,801
275
8,777
2,82,870
31,06,624
2009-10
8,124
286
11,170
3,51,138
2010-11
8,842
293
12,767
Apr-10
8,164
286
May-10
8,226
Jun-10
Companies DPs
DPs
Demat
Demat
Live
Live Locations Quantity Value
(Nos.)
(million (` crore)
shares)
7
10
11
6,213
461
6,934
70,820
4,39,703
56,17,842
6,801
490
8,590
77,950
8,38,928
4,71,304
66,07,900
8,030
544
10,052
10,531
10,81,417
11,288
3,62,000
57,35,000
6,869
494
8,678
78,560
8,64,619
286
11,380
3,67,474
56,23,700
6,917
506
8,925
82,220
8,27,787
8,309
287
11,680
3,77,184
58,36,900
6,973
508
9,153
84,440
8,64,093
Jul-10
8,374
287
11,779
3,84,928
59,48,000
7,031
513
9,365
85,630
7,41,294
Aug-10
8,451
286
11,994
3,94,364
60,36,900
7,117
514
9,555
85,600
9,14,594
Sep-10
8,514
286
12,042
4,07,719
65,48,500
7,207
521
9,735
87,040
9,89,925
Oct-10
8,570
290
12,228
4,19,928
66,92,600
7,292
526
9,832
89,280
9,98,793
Nov-10
8,631
290
12,330
4,25,707
65,71,600
7,363
530
9,842
90,360
9,42,086
Dec-10
8,675
289
12,378
4,34,251
67,53,500
7,501
538
9,874
91,040
9,52,622
Jan-11
8,726
291
12,495
4,47,170
62,81,700
7,617
539
9,900
91,980
8,70,650
Feb-11
8,766
293
12,640
4,58,840
61,57,800
7,770
540
10,009
10,002 10,12,990
Mar-11
8,842
293
12,767
4,71,304
66,07,900
8,030
544
10,052
10,531 10,81,417
Note : The count of DPs includes main DPs as well as Branch DPs.
DPs Locations' represents the total live (main DPs and branch DPsas well as non-live (back office connected collection centres).
Source: NSDL and CDSL.
334
FDI
Investments
Foreign Venture
Capital
Investments
335
7,124
7,109
7,146
7,282
7,260 11,24,353 73 1,81,673
7,333 11,51,339 74 1,85,434
7,231 11,36,754 74 1,81,004 1,006 1,52,613 128
7,321 11,64,623 75 2,30,559 1,021 1,56,669 132
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Oct-10
Nov-10
Dec-10
6,977 10,57,474 75 1,74,433 1,022 1,46,492 141
7,421 10,16,892 77 1,67,832 1,032 1,47,365 141
7,474 11,06,550 77 1,85,931 1,048 1,46,231 144
Feb-11
Mar-11
998 1,55,727 127
974 1,55,022 91
969 1,45,894 123
955 1,35,592 120
934 1,34,849 119
928 1,30,658 116
923 1,45,673 114
Jan-11
9,99,130 71 1,63,007
9,71,022 70 1,62,466
9,27,468 70 1,58,125
8,83,379 69 1,51,261
9,27,194 69 1,60,768
919 1,45,555 115
7,091
Apr-10
7
92,694 73
9,00,869 70 1,56,616
621
7,474 11,06,550 77 1,85,931 1,048 1,46,231 144
5
71,839
6,998
2010-11
2009-10
Source: SEBI.
OCBs
NRIs
Mutual Funds
Corporates
Banks
Insurnace Local Pension Financial

Companies
Funds
Institutions
Others
10
24,002 38
23,654 38
23,734 38
24,009 40
23,495 38
23,339 38
17,826 38
21,834 38
20,151 37
19,582 38
18,270 38
18,260 38
24,002 38
17,604 39
16,579 43
9
569
820
12
979
1,005
979
949 1,020
965 1,022
1,241 1,041
1,171 1,029
1,043 1,009
1,074 1,384
1,050 1,399
1,073 1,230
1,078 1,364
1,035 1,364
1,096 1,362
1,005
1,011 1,376
11
14
15
455 1,701 3,78,954
418
16
547
910 1,491 5,91,937
853 1,463 6,46,822
837 1,437 6,28,215
942 1,378 5,90,164
834 1,347 6,10,178
881 1,317 6,27,280
547
537
533
530
521
519
1,166 1,301 6,14,683 1,485
1,096 1,285 6,54,034 1,447
1,119 1,263 6,24,192 1,446
1,114 1,257 6,08,223 1,449
1,051 1,219 6,87,157 1,458
1,077 1,219 7,02,264 1,475
910 1,491 5,91,937
1,071 1,209 5,84,628 1,491
13
18
48,723 78
37,811 76
39,306 74
42,451 70
38,198 70
38,401 72
41,670 74
41,430 74
40,115 74
40,028 74
31,616 73
32,077 73
48,723 78
29,328 73
19,430 72
17
20
21
22
85,863 218 9,08,112 100
69,581 211 8,45,477 99
63,626 211 8,61,167 99
69,679 211 9,09,479 99
68,405 211 8,82,969 99
73,456 209 9,01,637 95
76,854 206 9,05,220 91
73,985 204 8,48,223 91
63,812 189 8,30,834 81
65,026 189 8,22,318 85
31,953 188 7,88,136 96
31,984 189 7,93,587 99
85,863 218 9,08,112 100
42,597 189 7,80,610 98
27,859 154 4,42,117 75
19
24
34,970 36
34,482 34
33,752 34
32,893 37
31,271 38
30,227 39
29,008 38
28,212 38
27,783 31
26,210 34
25,385 36
24,884 19
34,970 36
24,266 19
3,274 20
23
26
5,319
28
29
99,857 13,212 15,77,589
27
Amount
(` crore)
Total
62,600 11,023 1,54,242 23,253 33,51,076
55,709 11,072 1,45,729 23,230 31,93,168
55,921 11,252 1,45,067 22,915 32,30,989
60,722 11,263 1,47,913 23,218 34,28,225
59,302 11,451 1,42,446 23,243 33,28,639
63,295 11,150 1,45,851 22,980 33,97,909
62,028 9,911 1,47,406 22,926 33,57,981
58,825 9,977 1,34,083 22,998 31,70,803
58,672 10,050 1,31,485 22,692 30,70,025
56,271 10,113 1,25,422 22,844 29,85,715
52,337 9,987 1,21,038 22,696 29,23,275
51,519 9,956 1,26,553 22,627 30,16,935
62,600 11,023 1,54,242 23,253 33,51,076
47,607 10,166 1,31,199 22,762 28,62,961
32,008
25
Amount
Amount
Amount
Amount
Amount
Amount
Amount
Amount
Amount
Amount
Amount
Amount
Amount
No.
No.
No.
No.
No.
No.
No.
No.
No.
No.
No.
No.
No.
(` crore)
(` crore)
(` crore)
(` crore)
(` crore)
(` crore)
(` crore)
(` crore)
(` crore)
(` crore)
(` crore)
(` crore)
(` crore)
Foreign
Depositories
3,91,954 13
No.
FIIS/SAs
2008-09 3,883
Period
1
Client
Table 41: Assets under the Custody of Custodians

APRIL
SEBI BULLETIN
2011
APRIL
SEBI BULLETIN
2011
Table 42: Ratings Assigned for Long-term Corporate Debt Securities (Maturity = 1 year)
Investment Grade
Grade
Highest Safety
(AAA)
Period
1
High Safety
(AA)
Adequate Safety
(A)
Moderate Safety
(BBB)
Non-Investment
Grade
Total
No. of
issue
Amount
(` crore)
No. of
issue
Amount
( ` crore)
No. of
issue
Amount
(` crore)
No. of
issue
Amount
( ` crore)
No. of
issue
Amount
(` crore)
No. of
issue
Amount
(` crore)
10
11
12
13
2008-09
307
5,23,589
349
1,38,471
298
53,240
526
52,372
396
24,220
1,876
7,91,892
2009-10
275
5,03,347
321
1,41,089
249
42,121
691
29,550
1,507
45,942
3,043
7,62,050
2010-11
244
5,11,583
267
1,82,584
249
90,445
579
69,283
1,843
42,704
3,199
9,07,685
Apr-10
35
242,919
32
27,001
22
10,568
56
4,019
144
6,843
289
291,350
May-10
16
36,642
22
10,766
23
6,337
44
2,980
132
3,068
237
59,793
Jun-10
22
63,939
21
23,588
21
3,934
40
31,251
148
4,509
252
127,221
Jul-10
15
17,045
28
11,110
19
7,317
48
3,585
150
2,938
260
41,995
Aug-10
15
20,288
22
7,739
19
8,175
52
3,691
137
2,269
245
42,162
Sep-10
29
11,887
30
19,180
11
3,655
52
3,355
243
4,281
382
53,443
Oct-10
14
5,863
20
27,132
17
7,607
50
1,449
122
3,030
223
45,081
Nov-10
10
3,961
15
9,721
24
3,011
46
6,158
128
2,106
223
24,957
Dec-10
22
23,155
26
20,756
30
4,331
56
8,308
135
3,383
269
59,934
Jan-11
16
31,919
23
9,709
17
1,747
51
1,382
159
2,976
266
47,733
Feb-11
14
7,117
6,063
22
3,449
38
1,322
145
2,837
228
20,788
Mar-11
36
46,847
19
9,820
24
30,314
46
1,784
200
4,463
325
93,227
336
APRIL
SEBI BULLETIN
2011
Table 43: Review of Accepted Ratings of Corporate Debt Securities (Maturity

1 year)
Grade
Not
Meaningful
Total
Category
No. Amount No. Amount No. Amount No. Amount No. Amount No. Amount No. Amount
of ( ` crore) of ( ` crore) of
( ` crore) of (` crore) of (` crore) of (` crore) of
(` crore)
issue
issue
issue
issue
issue
issue
issue
Upgraded
Period
1
Downgraded
Reaffirmed
Rating Watch
Withdrawn/
Suspended
10
11
12
13
14
15
2008-09
36
17,033
251 1,60,021 1,430 23,23,424
52 1,23,303
335
44,853
90
2,105 26,68,725
2009-10
197
61,052
324 1,31,668 2,766 30,80,727
70
27,726
358
84,569
3,715 33,85,741
2010-11
743 1,57,395
100
38,662
518
87,314
5,341 45,11,289
310
28,203 3,605 41,99,714
Apr-10
34
6,987
11
2,046
181
4,59,573
5,323
35
2,715
264
4,76,644
May-10
20
5,886
15
2,459
156
3,56,004
50
20
4,901
212
3,69,300
Jun-10
63
9,968
17
832
209
3,82,133
1,096
23
6,842
321
4,00,871
Jul-10
70
9,992
23
1,137
312
3,30,762
10
762
32
5,943
447
3,48,596
Aug-10
74
24,126
30
4,069
396
4,93,375
37
19,533
537
5,41,103
Sep-10
82
37,598
25
1,548
367
3,76,959
329
71
9,926
615
4,26,359
Oct-10
64
6,289
15
1,966
299
3,54,947
275
62
6,161
442
3,69,637
Nov-10
89
24,230
38
3,317
274
2,04,822
16
9,738
50
8,824
467
2,50,931
Dec-10
61
6,690
38
5,381
355
3,00,049
23
9,182
65
2,974
542
3,24,277
Jan-11
43
4,173
25
1,591
339
2,50,853
11
1,226
26
10,181
444
2,68,023
Feb-11
65
13,438
31
1,267
236
2,28,685
2,635
45
1,522
386
2,47,548
Mar-11
78
8,019
42
2,590
481
4,61,553
11
8,046
52
7,792
664
4,88,000
337
APRIL
SEBI BULLETIN
2011
Table 44: Macro Economic Indicators

I.
48,79,232
GDP at factor cost for 2009-10 (at 2004-05 prices) ( ` crore)*
II. Gross Domestic Saving as a percent of GDP at current market prices in 2009-10
33.7
III. Gross Domestic Capital Formation as a percent of GDP at current market prices in 2009-10
36.5
IV. Monetary and Banking Indicators

Cash Reserve Ratio (percent)
Bank Rate (percent)
November
December
January
February
March
2010
2010
2011
2011
2011
6.0
6.0
6.0
6.0
6.0
6.0
6.0
6.0
6.0
6.0
Aggregate Deposit (` crore)
60,75,813
47,88,359
60,33,121
47,99,789
62,39,385
49,83,378
63,59,197
50,83,852
64,96,747
52,04,703
Bank Credit (` crore)
35,67,111
36,39,866
37,35,233
38,10,445
39,38,659
Money Supply (M3) ( ` crore)
V. Interest Rate
Call Money Rate( lending / borrowing )-Max
7.1
7.1
7.0
6.8
7.6
91-Day-Treasury Bill (maximum)
6.8
6.6
6.6
6.6
6.9
PLR (Maximum) (percent)

Deposit Rate(one year maturity) (Maximum)
VI. Capital Market Indicators ( ` crore)
Turnover (BSE+NSE)
Market Cap-BSE
8.5
8.0
9.0
8.8
9.0
8.8
9.5
9.5
9.5
9.5
4,69,993
70,67,845
3,77,245
72,96,726
3,37,189
65,95,280
3,35,334
63,43,072
3,35,334
68,39,084
Market Cap-NSE
Net FII Investment in Equity
68,94,912
18,293
71,39,310
2,050
64,41,491
-4,813
61,95,967
-4,586
67,02,616
6,898
2,93,979
46.0
2,97,334
44.8
2,99,172
46.0
3,00,786
45.2
3,03,482
44.7
60.4
69.3
62.5
62.2
63.2
5.3
6.7
6.4
6.6
7.3
Govt. Market Borrowing - Gross ( ` crore)

3,82,000
3,82,000
Wholesale Price Index (Base 2004-05)
142.3
144.1
IX. Index of Industrial Production (y-o-y)percent (Base year 1993-94 = 100)
General
320.7
357.0
4,17,000
145.9
4,37,000
146.0
4,37,000
148.0
360.9
342.9
NA
VII. Exchange Rate and Reserves

Forex Reserves (USD million)
Re/ Dollar
Re/Euro
6- months Inter Bank Forward Premia of US
Dollar (percentper annum)
VIII. Public Borrowing and Inflation
Mining
Manufacturing
208.6
220.9
220.2
204.5
NA
347.0
230.5
388.8
249.3
391.6
265.8
373.9
243.7
NA
NA
Exports
18,895
22,500
20,605
23,597
NA
Imports
Trade Balance
27,796
-8,901
25,130
-2,630
28,587
-7,982
31,701
-8,104
NA
NA
Electricity
X. External Sector Indicators (USD million)
* Advanced Estimate.
NA indicates Not Avaliable.
Source : RBI, CSO, Ministry of Commerce & Industry.
338
UK
FTSE 100
France
CAC
Australia
AS 30
Hong Kong
HSI
339
0.0
-0.2
0.1
0.0
0.2
2007
2008
2009
2010
2011$
0.7
1.1
1.5
2.6
0.9
-0.1
0.0
0.1
-0.2
0.2
0.9
1.1
1.5
2.4
1.1
0.2
-0.1
0.1
-0.2
-0.1
1.0
1.5
1.7
2.6
1.1
0.1
-0.1
0.1
-0.2
0.1
0.7
1.0
1.3
2.0
1.0
-0.1
0.0
0.2
-0.2
0.1
10
Malaysia
KLCI
Mexico
MEXBOL
South Africa
JALSH
Japan
NKY
China
SHCOMP
1.1
1.1
2.0
3.0
1.7
11
0.9
0.9
1.6
2.2
1.4
13
India
BSE SENSEX
-0.3
0.0
0.2
-0.2
0.1
12
0.6
0.6
0.8
1.1
1.0
15
India
S&P CNX NIFTY
0.0
0.1
0.1
-0.1
0.1
14
0.1
-0.2
0.3
0.0
-0.3
2007
2008
2009
2010
2011$
1.1
1.3
1.8
3.4
1.7
17
$ As on March 31, 2011.

Source: Bloomberg .
16
-0.2
0.0
0.2
-0.2
0.0
18
0.8
0.9
1.6
2.4
1.4
19
0.0
0.0
0.1
-0.2
0.1
20
1.0
1.1
1.5
2.3
1.2
21
0.0
-0.1
0.1
-0.2
-0.1
22
2.2
1.4
1.6
2.9
1.2
23
0.3
-0.1
0.2
-0.4
0.3
24
1.1
1.4
1.9
2.9
2.2
25
-0.5
0.0
0.3
-0.2
0.2
26
1.4
1.0
2.1
2.8
1.5
27
-0.5
0.0
0.3
-0.2
0.2
28
1.4
1.0
2.1
2.7
1.6
29
Return Volatility Return Volatility Return Volatility Return Volatility Return Volatility Return Volatility Return Volatility
Brazil
IBOV
Table 45: Daily Return and Volatility: Select World Stock Indices (Concld.)
Calender
Year
Singapore
STI
(Percent)
Return Volatility Return Volatility Return Volatility Return Volatility Return Volatility Return Volatility Return Volatility
USA
DOW JONES
Calender
Year
Table 45: Daily Return and Volatility: Select World Stock Indices
APRIL
SEBI BULLETIN
2011
APRIL
SEBI BULLETIN
2011
PUBLICATIONS
1.
Annual Reports: 2009-10.
2.
Handbook of Statistics on Indian Securities Market, 2009.
Interested persons may contact the Department of Economic and Policy Analysis of SEBI to obtain a copy
of Annual Report / Handbook of Statistics at the following address:
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. +91-22-26449000.
Fax No. +91-22-26449021.
340

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APRIL 2011

The Securities and Exchange Board of India Bulletin is issued by the

Allocation of Limits to FIIs/Sub-Accounts Investment Debt Limit through Bidding Process

Visit to SEBI as a Part of Financial Education Initiatives of SEBI

Order in the Matter of M/s. Murli Industries Ltd.

Order in Respect of Mr. K. S. Kasiraman, Mr. K. Natarahjan and Mr. G. Ramakrishnan in

Presentation by SRO to Foreign Delegates of NI-MSME

Futures on 91-day Government of India Treasury-Bill (T- Bill)

Usage of Load Account

Listing Agreement for Securitized Debt Instruments

Addendum to Circular no. Cir/ISD/1/2011 dated March 23, 2011

Unauthenticated News Circulated by SEBI Registered Market Intermediaries through Various

Dissemination of Further Information about FII Activity Discontinuance of Reporting

FII Investment in Corporate Bonds Infra Long Term Category

HIGHLIGHTS OF DEVELOPMENTS IN INTERNATIONAL SECURITIES MARKETS

CAPITAL MARKET REVIEW

issues, four issues (` 951.8 crore) through debt issue

Table 1: Primary Market Trends

B. QIPs Listed at BSE and NSE

amount for the financial year 2010-11, stood at

C. Preferential Allotments Listed at BSE and NSE

There were 26 preferential allotments (` 1,020 crore)

D. Private Placement of Corporate Debt Reported to BSE and NSE

` 2,18,785 crore through 1,404 issues (of which 774

E. Resource Mobilisation by Mutual Funds

the financial year 2010-11, mutual funds liquidated

II. Trends in the Secondary Market

March 2011, Sensex recorded an intraday high of

Figure 2 : Movement of Sensex and Nifty

S&P CNX Nifty closed at 5833.8 on March 31, 2011

During March 2011, Nifty recorded an intraday high

Table 2: The Basic Indicators in Cash Market

Source: BSE and NSE.

The P/E ratio of BSE Sensex was 21.2 as on March

P/E ratio of S&P CNX Nifty was 22.1 as on March

Average Daily Value of Sensex

Average Daily Turnover

Figure 3: Monthly Average of BSE Turnover and Sensex

Average Daily Value of Sensex

Average Daily Turnover

market capitalisation of NSE, stood at ` 67,02,616

The market capitalisation of BSE increased by 7.8

Figure 4 : Monthly Average of NSE Turnover and Nifty

Average Daily Value of Nifty

Average Daily Turnover

The monthly turnover of BSE

Average Daily Value of Nifty

Average Daily Turnover

segment) decreased by 4.0 percent from ` 2,66,504

Source: BSE and NSE.

At the end of March 2011, among BSE indices, BSE

III. Trends in Depository Accounts

the previous month. A comparison with

IV. Trends in the Derivatives Segments

Consequently, the monthly turnover of call options

In addition, the monthly turnover of put options on

Average Daily Tornover

Average Daily Tornover

Figure 5 : Trends of Equity Derivative Segment at NSE (` crore)

Table 4: Trends in Equity Derivatives Market

Percentage Change Over Month

B. Currency Derivatives at NSE, MCX-SX and USE