Board Meetings on 25/06/2008

Company	Purpose		Company	Purpose		Company	Purpose
AMBIKA COTON	Results		HIND NAT GLS	Results		PUDMJEE IND	Dividend, Results
ARVIND INTER	Dividend, Results		I BRIGHT ST	Results		PUDUMJE PUL&	Dividend, Results
ATLAS COPCOL	Buy Back of Shares		INDO ASI FIN	Dividend, Results		SECU CAP INV	Results
BHUWALKA STE	Dividend, Results		INTERN COMB	Dividend, Results		SHARDUL SECU	Dividend, Results
CIBA INDIA	Dividend, Results		iPOWER SOLS	Results		SPS INTERNAT	Results
CMS INFOTEC	Results		JAIHIND SYNT	Results		SQL STAR INT	Results
CONTIL I LTD	Results		JEYPORESUGAR	Dividend, Results		SRI RAMK.MIL	Results
DCM SHRIR IN	Results		JK TYRE IND	General		STELCO STRIP	Results
DIAMANT INV	Results		KANP.PLAST(P	Dividend, Results		STERL BIOTEC	General
ENTERPR.INTE	Results		KAVERI TELE	Dividend, Results		STONE INDI L	Dividend, Results
ERA FIN SERV	Results		KCP SUGAR IN	Dividend, Results		SUBHKAM CAP	Results
FILATE INDIA	Dividend, Results		KILBURN ENGG	Results		SUDARSHAN CH	Dividend, Results
FILMCIT MEDI	Results		KOTHARI PRD	Dividend, Results		SURYALA SPIN	Dividend, Results
FIR CUST FUN	Results		MEDIA ONE	General		TAI INDUSTRI	Results
FIRST LEAS C	Dividend, Results		NAGREKA CAP	Dividend, Results		TWEN F CEN P	Results
FLAT PROD EQ	General		ONG CORP LTD	Dividend, Results		UNI OFF AUTO	Results
FORCE MOTR	Results		ORION PAPER	Results
HBL P SYS	Dividend, Results		PAREKH ALUM	Dividend, Results

Innovations of NSE

NSE has remained in the forefront of modernization of India's capital and financial markets, and its pioneering efforts include:

• Being the first national, anonymous, electronic limit order book (LOB) exchange to trade securities in India. Since the success of the NSE, existent market and new market structures have followed the "NSE" model.
• Setting up the first clearing corporation "National Securities Clearing Corporation Ltd." in India. NSCCL was a landmark in providing innovation on all spot equity market (and later, derivatives market) trades in India.
• Co-promoting and setting up of National Securities Depository Limited, first depository in India.
• Setting up of S&P CNX Nifty.
• NSE pioneered commencement of Internet Trading in February 2000, which led to the wide popularization of the NSE in the broker community.
• Being the first exchange that, in 1996, proposed exchange traded derivatives, particularly on an equity index, in India. After four years of policy and regulatory debate and formulation, the NSE was permitted to start trading equity derivatives
• Being the first and the only exchange to trade GOLD ETFs (exchange traded funds) in India.
• NSE has also launched the NSE-CNBC-TV18 media centre in association with CNBC-TV18

Origins - National Stock Exchange of India Limited (NSE)

The National Stock Exchange of India was promoted by leading Financial institutions at the behest of the Government of India, and was incorporated in November 1992 as a tax-paying company. In April 1993, it was recognized as a stock exchange under the Securities Contracts (Regulation) Act, 1956. NSE commenced operations in the Wholesale Debt Market (WDM) segment in June 1994. The Capital Market (Equities) segment of the NSE commenced operations in November 1994, while operations in the Derivatives segment commenced in June 2000.

National Stock Exchange of India Limited (NSE)

The National Stock Exchange of India Limited (NSE), is a Mumbai-based stock exchange. It is the largest stock exchange in India in terms daily turnover and number of trades, for both equities and derivative trading. Though a number of other exchanges exist, NSE and the Bombay Stock Exchange are the two most significant stock exchanges in India, and between them are responsible for the vast majority of share transactions. The NSE's key index is the S&P CNX Nifty, known as the Nifty, an index of fifty major stocks weighted by market capitalisation.
NSE is mutually-owned by a set of leading financial institutions, banks, insurance companies and other financial intermediaries in India but its ownership and management operate as separate entities. As of 2006, the NSE VSAT terminals, 2799 in total, cover more than 1500 cities across India. In October 2007, the equity market capitalization of the companies listed on the NSE was US$ 1.46 trillion, making it the second largest stock exchange in South Asia. NSE is the third largest Stock Exchange in the world in terms of the number of trades in equities. It is the second fastest growing stock exchange in the world with a recorded growth of 16.6%.

BSE Broadcast

The BSE Broadcast is a large ticker on the wall of the BSE, which continuously displays the latest stock quotes from the market. It also displays – on what is described as India's and South Asia's largest video screen –one of the leading business-news channels in India: NDTV Profit.
This new system was unveiled on December 15, 2006, when Dr Prannoy Roy, the Managing Director of New Delhi Television (NDTV) Ltd, struck the BSE's opening bell. Mr Damodaran, the Chairman of the Securities and Exchange Board of India (SEBI), said that the ticker would provide information and analysis of the financial world.
Following is the timeline on the rise and rise of the Sensex through Indian stock market history.
1000, July 25, 1990 On July 25, 1990, the Sensex touched the magical four-digit figure for the first time and closed at 1,001 in the wake of a good monsoon and excellent corporate results.
2000, January 15, 1992 On January 15, 1992, the Sensex crossed the 2,000-mark and closed at 2,020 followed by the liberal economic policy initiatives undertaken by the then finance minister and current Prime Minister Dr Manmohan Singh.
3000, February 29, 1992 On February 29, 1992, the Sensex surged past the 3000 mark in the wake of the market-friendly Budget announced by the then Finance Minister, Dr Manmohan Singh.
4000, March 30, 1992 On March 30, 1992, the Sensex crossed the 4,000-mark and closed at 4,091 on the expectations of a liberal export-import policy. It was then that the Harshad Mehta scam hit the markets and Sensex witnessed unabated selling.
5000, October 8, 1999 On October 8, 1999, the Sensex crossed the 5,000-mark as the BJP-led coalition won the majority in the 13th Lok Sabha election.
6000, February 11, 2000 On February 11, 2000, the infotech boom helped the Sensex to cross the 6,000-mark and hit and all time high of 6,006.
7000, June 20, 2005 On June 20, 2005, the news of the settlement between the Ambani brothers boosted investor sentiments and the scrips of RIL, Reliance Energy, Reliance Capital, and IPCL made huge gains. This helped the Sensex crossed 7,000 points for the first time.
8000, September 8, 2005 On September 8, 2005, the Bombay Stock Exchange's benchmark 30-share index -- the Sensex -- crossed the 8000 level following brisk buying by foreign and domestic funds in early trading.
9000, November 28, 2005 The Sensex on November 28, 2005 crossed the magical figure of 9000 to touch 9000.32 points during mid-session at the Bombay Stock Exchange on the back of frantic buying spree by foreign institutional investors and well supported by local operators as well as retail investors.
10,000, February 6, 2006 The Sensex on February 6, 2006 touched 10,003 points during mid-session. The Sensex finally closed above the 10K-mark on February 7, 2006.
11,000, March 21, 2006 The Sensex on March 21, 2006 crossed the magical figure of 11,000 and touched a life-time peak of 11,001 points during mid-session at the Bombay Stock Exchange for the first time. However, it was on March 27, 2006 that the Sensex first closed at over 11,000 points.
12,000, April 20, 2006 The Sensex on April 20, 2006 crossed the 12,000-mark and closed at a peak of 12,040 points for the first time.
13,000, October 30, 2006 The Sensex on October 30, 2006 crossed the magical figure of 13,000 and closed at 13,024.26 points, up 117.45 points or 0.9%. It took 135 days for the Sensex to move from 12,000 to 13,000 and 123 days to move from 12,500 to 13,000.
14,000, December 5, 2006 The Sensex on December 5, 2006 crossed the 14,000-mark to touch 14,028 points. It took 36 days for the Sensex to move from 13,000 to the 14,000 mark.
15,000, July 6, 2007 The Sensex on July 6, 2007 crossed the magical figure of 15,000 to touch 15,005 points in afternoon trade. It took seven months for the Sensex to move from 14,000 to 15,000 points.
16,000, September 19, 2007 The Sensex scaled yet another milestone during early morning trade on September 19, 2007. Within minutes after trading began, the Sensex crossed 16,000, rising by 450 points from the previous close. The 30-share Bombay Stock Exchange's sensitive index took 53 days to reach 16,000 from 15,000. Nifty also touched a new high at 4659, up 113 points.
The Sensex finally ended with a gain of 654 points at 16,323. The NSE Nifty gained 186 points to close at 4,732.
17,000, September 26, 2007 The Sensex scaled yet another height during early morning trade on September 26, 2007. Within minutes after trading began, the Sensex crossed the 17,000-mark . Some profit taking towards the end, saw the index slip into red to 16,887 - down 187 points from the day's high. The Sensex ended with a gain of 22 points at 16,921.
18,000, October 09, 2007 The BSE Sensex crossed the 18,000-mark on October 09, 2007. It took just 8 days to cross 18,000 points from the 17,000 mark. The index zoomed to a new all-time intra-day high of 18,327. It finally gained 789 points to close at an all-time high of 18,280. The market set several new records including the biggest single day gain of 789 points at close, as well as the largest intra-day gains of 993 points in absolute term backed by frenzied buying after the news of the UPA and Left meeting on October 22 put an end to the worries of an impending election.
19,000, October 15, 2007 The Sensex crossed the 19,000-mark backed by revival of funds-based buying in blue chip stocks in metal, capital goods and refinery sectors. The index gained the last 1,000 points in just four trading days. The index touched a fresh all-time intra-day high of 19,096, and finally ended with a smart gain of 640 points at 19,059.The Nifty gained 242 points to close at 5,670.
20,000, October 29, 2007 The Sensex crossed the 20,000 mark on the back of aggressive buying by funds ahead of the US Federal Reserve meeting. The index took only 10 trading days to gain 1,000 points after the index crossed the 19,000-mark on October 15. The major drivers of today's rally were index heavyweights Larsen and Toubro, Reliance Industries, ICICI Bank, HDFC Bank and SBI among others. The 30-share index spurted in the last five minutes of trade to fly-past the crucial level and scaled a new intra-day peak at 20,024.87 points before ending at its fresh closing high of 19,977.67, a gain of 734.50 points. The NSE Nifty rose to a record high 5,922.50 points before ending at 5,905.90, showing a hefty gain of 203.60 points.
Source: www.rediff.com
21,000, January 8, 2008 The sensex crossed the 21,000 mark in intra-day trading after 49 trading sessions. This was backed by high market confidence of increased FII investment and strong corporate results for the third quarter. However, it later fell back due to profit booking.

Bombay Stock Exchange

The Bombay Stock Exchange Limited (Hindi: मुंबई शेयर बाज़ार Mumbaī Śeyar Bājār) (formerly, The Stock Exchange, Mumbai; popularly called The Bombay Stock Exchange, or BSE) is the oldest stock exchange in Asia. It is also the biggest stock exchange in the world in terms of listed companies with 4,800 listed companies as of August 2007. It is located at Dalal Street, Mumbai, India. On 31 December 2007, the equity market capitalization of the companies listed on the BSE was US$ 1.79 trillion, making it the largest stock exchange in South Asia and the tenth largest in the world.
The Bombay Stock Exchange was established in 1875. Around 4,800 Indian companies list on the stock exchange, and it has a significant trading volume. The BSE SENSEX (SENSitive indEX), also called the "BSE 30", is a widely used market index in India and Asia. Though many other exchanges exist, BSE and the National Stock Exchange of India account for most of the trading in shares in India.


Alliances


Singapore Exchange (SGX) acquired a strategic investment in Bombay Stock Exchange (5%) for US$42.7m. It is consistent with the strategy of building an Asian Gateway for securities and derivatives. BSE is also considering to take part of the capitalisation of the rising ascension of its partner, Singapore Exchange, which is becoming a leading financial hub in Asia-Pacific.
BSE also claims a strategic partnership with Deutsche Borse.

Online trading or E-Trading

Electronic trading, sometimes called eTrading or e-Trading, is a method of trading trading securities (such as stocks, and bonds), foreign currency, and exchange traded derivatives electronically. It uses information technology to bring together buyers and sellers through electronic media to create a virtual market place. NASDAQ and Globex are examples of electronic market places.

Historically, stock markets were physical locations where buyers and sellers met and negotiated. With the improvement in communications technology, the need for a physical location is of diminishing importance as the buyers and sellers can electronically exchange indications of interests as well as negotiate from a remote location.

Electronic trading makes transactions easier to complete, monitor, clear, and settle. These are major drivers for most market regulators to insist that all markets eventually must be developed electronically.[citation needed]

NASDAQ, set up in 1971, was the world's first electronic stock market. It took 35 more years for the NYSE to automate its trading process but it is now clear that the days of exchange floor trading are coming to an end.[citation needed] By early 2007 organizations like the Chicago Mercantile Exchange were creating electronic trading platforms to support the emerging interest in trading within the Foreign exchange market.

Today many investment firms on both the buy and sell side are increasing their spending on technology for electronic trading. At the same time many floor traders and brokers are being removed from the trading process. Traders are relying on algorithms to analyze market conditions and then execute their orders. Dates of introduction of electronic trading by leading exchange in 120 countries is provided in a Journal of Finance article published in 2005 “Financial market design and the equity premium: Electronic vs. floor trading,”. Leading academic research in this field is conducted by Professor Ian Domowitz and Professor Pankaj Jain.[citation needed]

There are, broadly, two types of trading in the financial markets:

business-to-business (B2B) trading, often conducted on exchanges, where large investment banks and brokers trade directly with one another, transacting large amounts of securities, and
business-to-client (B2C) trading, where retail (e.g. individuals buying and selling relatively small amounts of stocks and shares) and institutional clients (e.g. hedge funds, fund managers or insurance companies, trading far larger amounts of securities) buy and sell from brokers or "dealers", who act as middle-men between the clients and the B2B markets.
While the majority of retail trading probably now happens over the Internet, retail trading volumes are dwarfed by institutional, inter-dealer and exchange trading.

Typically, the price of a security is set on an exchange (largely by the laws of supply and demand). For example, if a client wants to buy a particular stock that's traded on the NYSE, their broker will have their trader on the exchange floor find out the current "quote" (or, more likely, they'll read the price off a screen). They'll then add a few cents to the price they quote back to the client (those few cents is how the broker makes his profit). If the client decides to trade, the broker will pass the order to the trader to be actually filled (i.e. bought or sold).

Before the advent of e-trading, exchange trading would typically happen on the floor of an exchange, where traders in brightly colored jackets (to identify which firm they worked for) would shout and gesticulate at one another - a process known as open outcry or "pit trading" (the exchange floors were often pit-shaped - circular, sloping downwards to the centre, so that the traders could see one another). Open outcry trading has largely been replaced by screen-based electronic trading, although a few exceptions remain (e.g. NYMEX, NYSE).

For instruments which aren't exchange-traded (e.g. US treasury bonds), the inter-dealer market substitutes for the exchange. This is where dealers trade directly with one another or through inter-dealer brokers (i.e. companies like GFI Group, BGC Partners and Garban, who act as middle-men between dealers such as investment banks). This type of trading traditionally took place over the phone but brokers are beginning to offer etrading services.

Similarly, B2C trading traditionally happened over the phone and, while much of it still does, more brokers are allowing their clients to place orders using electronic systems. Many retail (or "discount") brokers (e.g. Charles Schwab, E-Trade) went online during the late '90s and most retail stock-broking probably takes place over the web now.

Larger institutional clients, however, will generally place electronic orders via proprietary ECNs such as Bloomberg or TradeWeb (which connect institutional clients to several dealers), or using their brokers' proprietary software.

IPO Calender July 2008

Sunday	Monday	Tuesday	Wednesday	Thrusday	Friday	Saturday
		1 Sejal Architectural Glass Ltd IPO - Listing Avon Weighing Systems Ltd IPO - Allotment	2	3 Avon Weighing Systems Ltd IPO - Listing First Winner Industries Ltd IPO - Allotment	4 Archidply Industries Ltd IPO - Listing Lotus Eye Care Hospital Ltd IPO - Allotment	5
6	7 KSK Energy Ventures Limited IPO - Allotment	8 First Winner Industries Ltd IPO - Listing	9 Birla Cotsyn (India) Limited IPO - Close	10	11 Lotus Eye Care Hospital Ltd IPO - Listing	12
13	14 KSK Energy Ventures Ltd IPO - Listing	15	16	17	18 Somi Conveyor Beltings Ltd IPO - Allotment	19
20	21 Vishal Information Technologies Ltd IPO - Open	22	23	24 Vishal Information Technologies Ltd IPO - Close	25	26
27	28	29	30	31

India Stock Market Holidays 2008

Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) of India remain close for trading on following days.

BSE Holidays 2008 / NSE Holidays 2008

Day	Date	Holiday
Thursday	6th March 2008	Mahashivratri
Thursday	20th March 2008	Id-E-Milad
Friday	21st March 2008	Good Friday / Holi (1 st Day)
Monday	14th April 2008	Ambedkar Jayanti
Friday	18th April 2008	Mahavir Jayanti
Thursday	1st May 2008	Maharashtra Day
Monday	19th May 2008	Buddha Purnima
Friday	15th August 2008	Independence Day
Wednesday	3rd September 2008	Ganesh Chathurthi
Thursday	2nd October 2008	Ramzan Id / Gandhi Jayanti
Thursday	9th October 2008	Dasera
Tuesday	28th October 2008	Diwali (Laxmi Pujan)
Thursday	30th October 2008	Diwali ( Bhaubeez)
Thursday	13th November 2008	Gurunanak Jayanti
Tuesday	9th December 2008	Bakri-Id
Thursday	25th December 2008	Christmas