BSE adds Rel MF's liquid schemes to its MF trading platform

Mumbai, Jan 8 : The Bombay Stock Exchange, the Asia's oldest bourse, today said it has added the liquid schemes of Reliance Mutual Fund to the slew of schemes offered through the exchange's mutual fund trading platform that was launched last month.

BSE's StAR MF has added liquid schemes of Reliance MutualFund to its slew of schemes offered through its mutual fundtrading platform, the exchange said in a statement.

"This introduction would provide an additional option tothe retail investors, institutions and other mutual fundparticipants to park their overnight surplus funds and earnhigher interest," it said.

Liquid schemes run by AMCs (asset management companies) usually invest in money market and other permissible debtinstruments.

For all transactions in liquid schemes through the StARMF platform, the subscription units will be computed on thebasis of the NAV of the previous day to the one on which thefunds are received by the AMC from the exchange.

"I am confident that this additional avenue made availablethrough the exchange platform would find favour with severalinvestors, broking community and corporates," BSE's MD & CEOMadhu Kannan said.

"Gradually more and more enhancements to the BSE StAR MFplatform would be made for the convenience of the investors,the industry and the market at large," he added.

BSE's StAR MF was launched on December 4 lasy year with 7AMCs and over 300 scheme options.

JSW Steel production rises 88 pc in Q3

Mumbai, Jan 5 : JSW Steel, the country's largestprivate sector steel maker by domestic capacity, today saidits production rose 88 per cent to 14.69 lakh tonnes in thethird quarter of the current fiscal.

The company's crude steel production during thenine-month period ended December 31, 2009 was 43.9 lakhtonnes, up 59 per cent over the corresponding period lastyear.

During the December quarter last fiscal, the company'scrude steel production was at 7.82 lakh tonnes, JSW Steel saidin a statement to the Bombay Stock Exchange.

Production of flat-rolled items, used by the auto andconsumer durables industry, surged 51 per cent to 9.41 lakhtonnes in October-December quarter compared with the sameperiod last fiscal.

Production of long-rolled steel products, primarilyconsumed by the construction sector, also surged by 199 percent to 2.37 lakh tonnes in the latest quarter compared withthe same period a year ago.

JSW Steel, which belongs to the JSW Group, is one thelowest cost steel producers in the world.

Shares of JSW Steel were trading at Rs 1,117.20, up 9.18per cent in late afternoon trade on the BSE

NSE successfully completes live trading from alternate site

New Delhi, Jan 12 : The National Stock Exchange today said it completed a full-day live trading from its businesscontinuity site sucessfully on Monday.

The Bussiness Continuity Plan (BCP) site, located inChennai, is an alternative for the exchange's main serversituated in Mumbai, an NSE official explained.

The NSE has put in place the new arrangement to tacklebreakdowns due a natural calamity like earthquake and cyclone, the official said.

A NSE statement said the exchange completed tradingoperation from the BCP site during the day and then restoredback to the primary site in Mumbai.

During yesterday's trading all markets like capitalmarket, equity derivatives, whole sale debt market, mutualfunds, IPOs and currency derivatives were operational from theBCP site, the NSE said.

"Our IP network has been engineered for operation fromeither of our two sites and our members can connect to eitherof the two sites with great ease," it said.

NSE processed more than 75 million orders messages andexecuted more than 8 million trades from its BCP site, whichincludes a record number of trades in currency derivativessegment amounting to 4.3 million contracts equivalent to USD4.3 billion.

NSE gets award for energy conservation efforts

Mumbai, Jan 11 : The National Stock Exchange todaysaid it has bagged the first prize in the High Tension Commercial segment by Tata Power for measures taken in the field of energy conservation.

"The NSE has bagged the first prize in the H T Commercialsegment for 2009 for the innovative measures taken for energyconservation at its office premises, the exchange said in a statement.

Tata Power has constituted an award for efforts in energyconservation by its clients in Mumbai.

It evaluated companieson the basis of technologies adopted or deployed and theenergy saved on account of the same.

The NSE was awarded the prize for implementing thermalenergy storage system in heat ventilation air conditioningsystems, energy efficient lighting system, building management system and for the awareness in the organisation forsustaining the initiatives.

NSE seeks trademark for currency derivatives label

New Delhi, Jan 10 : The National Stock Exchange hasapplied before authorities for registration of trademark forits 'Currency Derivatives' label.

The exchange has approached the Trade Marks Registry forthe registration of trademarks for 'Currency Derivatives'label under different classes, as per details available withoffice of the Controller General of Patents, Designs & TradeMarks.

NSE's currency derivatives label features signs of threecurrencies -- US dollar, euro and Japanese yen. As perdetails, NSE made its application on September 1, 2009.

Trademarks are distinctive signs, used to differentiatebetween identical or similar goods and services offered bydifferent producers or services providers. Trademarks are atype of industrial property, protected by intellectualproperty rights.

Currency derivatives is a contract between the seller andthe buyer, whose value is to be derived from the underlyingasset, the currency amount.

NSE is the first stock exchange in India to launchtrading in currency futures. Trading in currency futurescontract started in August 2008 on the NSE.

Financial Technologies-promoted Multi Commodities Exchange is the main rival of NSE in currency derivatives.

There has been a consistent month-on-month increase in thenumber of contracts traded in currency futures segment at NSE. Average daily volume for the month ended December 2009, was atUSD 1,952.59 million, as per the NSE data.

NSE has applied for registration of currency derivativeslabels in different classes including class 9 and 28.

Class 9 of trademarks rules deals with computer, electricand electronic equipment for data transmission, receiving andmanipulation, electronic accounting and banking equipment andothers. Class 28 is about games and playthings, gymnastic andsporting articles among others.

FIIs pump over Rs 3,000-cr into markets in a day

Mumbai, Jan 11 : Overseas investors today made a netinvestment of Rs 3,041.56 crore in the domestic stock markets.

Foreign institutional investors (FIIs) were gross buyerof equities worth Rs 5,973.59 crore, whereas they sold sharesvalued worth Rs 2,932.03 crore, resulting in a net inflow of Rs 3,041.56 crore, as per the provisional data available withthe Bombay Stock Exchange (BSE).

Domestic institutional investors (DIIs) were also in purchasing mood and were net purchasers of stocks worth Rs322.46 crore.

On Friday, foreign houses were the net investors ofshares worth Rs 150.80 crore, according to the latest Sebidata.

In today's trade, NRIs and proprietors also followed FIIsand in total were net buyers of Rs 28 crore equities.

Brokers, on the behalf of their clients, were also netpurchasers of equities worth Rs 40.58 crore.

The Sensex today closed at 17,526.71, down by 13.58points or 0.08 per cent, stretching its losses for the third straight session.

Overseas investors infuse Rs 3,700 cr in first week of 2010

New Delhi, Jan 10 : Overseas investors infused a netRs 3,700 crore into the stock market in the first trading weekof the New Year, reflecting an impressive start for 2010 afterrecord inflows in the last year.

Foreign institutional investors (FIIs) were gross buyersof shares worth Rs 13,738.80 crore, while they sold equitiesvalued worth 10,000 crore, resulting in a net investment of Rs3,738.70 crore, as per the data available with capital market regulator SEBI.

FIIs poured in a record over Rs 83,400 crore in the domestic equities in 2009.

For the week ended Friday, FIIs were the net investor ofRs 4,417.90 crore in debt instruments, according to the databy Securities and Exchange Board of India (SEBI).

Interestingly, during the period under review (January4-8) the Bombay Stock Exchange benchmark Sensex grew by 0.43 per cent to close at 17,540.29 points.

Worth to mention, during the year 2009, stock market barometer Sensex registeredan impressive gain of over 81 per cent.

Last year's investment of Rs 83,400 crore by FIIs is thehighest inflow in the country in rupee terms in a single yearand came a year after overseas investors pulled out over Rs50,000 crore