NSE/FAOP/11155
Introduction of futures and options contracts on 39 additional individual securities
Introduction of futures and options contracts on 39 additional individual securities
In continuation to our circular NSE/F&O/081/2008 dated August 12, 2008 members are requested to note that the market lot for the additional 39 securities, available for trading in F & O segment with effect from August 21, 2008, will be as follows:
S. No Name Symbol Lot Size
1 ABG SHIPYARD LIMITED
ABGSHIP 550
2 AKRUTI CITY LIMITED
AKRUTI 300
3 ASIAN PAINTS LIMITED
ASIANPAINT 200
4 BALAJI TELEFILMS LTD.
BALAJITELE 1250
5 CONTAINER CORPORATION OF INDIA LIMITED
CONCOR 250
6 CORE PROJECTS AND TECHNOLOGIES LIMITED
COREPROTEC 750
7 DECCAN CHRONICLE HOLDINGS LTD.
DCHL 1700
8 DISH TV INDIA LIMITED
DISHTV 5150
9 EVERONN SYSTEMS INDIA LIMITED
EVERONN 400
10 FIRSTSOURCE SOLUTIONS LIMITED
FSL 4750
11GUJARAT STATE PETRONET LIMITED
GSPL 3050
12 GTL INFRASTRUCTURE LIMITED
GTLINFRA 4850
13 GVK POWER & INFRASTRUCTURE LIMITED
GVKPIL 4750
14 HCL INFOSYSTEMS LTD
HCL-INSYS 1700
15 INDIABULLS REAL ESTATE LIMITED
IBREALEST 650
16 ICSA (INDIA) LIMITED
ICSA 600
17 KLG SYSTEL LTD.
KLGSYSTEL 500
18 K S OILS LIMITED
KSOILS 2950
19 MIC ELECTRONICS LIMITED
MIC 1400
20 MINDTREE LIMITED
MINDTREE 600
21 MERCATOR LINES LIMITED
MLL 2450
22 MONNET ISPAT LTD
MONNETISPA 450
23 MRF LTD.
MRF 100
24 NAVA BHARAT VENTURES LIMITED
NBVENTURES 800
25 NOIDA TOLL BRIDGE COMPANY LTD
NOIDATOLL 4100
26 OPTO CIRCUITS (INDIA) LIMITED
OPTOCIRCUI 600
27 ORBIT CORPORATION LIMITED
ORBITCORP 750
28 PRISM CEMENT LIMITED
PRISMCEM 5550
29 PTC INDIA LIMITED
PTC 2350
30 RELIANCE INDUSTRIAL INFRASTRUCTURE LIMITED
RIIL 200
31 SINTEX INDUSTRIES LTD.
SINTEX 700
32 SREI INFRASTRUCTURE FINANCE LIMITED
SREINTFIN 1750
33 THERMAX LTD
THERMAX 450
34 TORRENT POWER LIMITED
TORNTPOWER 1700
35 TELEVISION EIGHTEEN INDIA LTD.
TV-18 850
36 UCO BANK
UCOBANK 5000
37 UTV SOFTWARE COMMUNICATIONS LIMITED
UTVSOF 300
38 VOLTAMP TRANSFORMERS LIMITED
VOLTAMP 250
39 WALCHANDNAGAR INDUSTRIES LTD
WALCHANNAG 700
As specified earlier through circular no. NSE/F&O/12/2003 dated April 21, 2003, regarding the introduction of option contracts on individual securities, the closing price of the securities in the underlying market shall be rounded off by the applicable strike interval multiplier to derive the at-the-money strike price. Three In-the-money and Three Out-of-the-money strike prices shall be introduced based on the At-the-money strike for both put and call options.
The new contracts will be available for trading from August 21, 2008. Members are advised to take the latest contract.gz, security.gz and fo_participant.gz files from NSE EXTRANET, directory:/faoftp/faocommon before start of trading on August 21, 2008. A detailed list of new contracts being introduced for trading (file name: CONTRACT20082008.CSV) will be available on the path faoftp/faocommon/contracts on August 20, 2008 after market hours.
For any clarification members are requested to contact following officials
Shalini Rebeiro, Sachin Dhar and Janardhan Gujaran on 022-26598151, 022-26598152
Source:NSEINDIA.com
20 August 2008
RIL may be allowed to sell diesel in domestic market
RIL may be allowed to sell diesel in domestic market
New Delhi, Aug. 19 With the diesel demand showing an 18-per cent growth and oil companies depending on imports to bridge the gap, the Government is considering changes in tax norms to allow refineries in export-oriented units such as Reliance Industries Ltd (RIL) to feed the domestic market.
It is also mulling a differential pricing for power and other industrial consumers of the fuel.
After a review meeting with the chiefs of PSU oil companies here on Tuesday, the Petroleum Minister, Mr Murli Deora, said that a consistent, long-term pricing policy for diesel is required – one which would balance social concerns with business realities. The Ministry was seeking changes in tax rules to allow EOU refineries to supply petroleum products to PSU refiners.
Mr Sarthak Behuria, Chairman, Indian Oil Corporation Ltd, told news persons that “We have written to Directorate General of Foreign Trade (DGFT) and the Commerce Ministry in this regard, and if the Finance Ministry also approves it, we will be able to buy diesel from Reliance as is the case with LPG.”
An EOU refinery will have to pay both customs and excise duty for selling the products in the domestic market. The excise duty comprises two components - ad valorem and specific. Currently, the EOU will have to face double taxation in specific.
In addition, the company will have to pay income-tax on its profits when it sells fuel in the domestic tariff area (DTA). “It is being examined if domestic sales by Reliance in the DTA can be given a ‘deemed export status’ and it continues to get income-tax waiver,” he said. RIL already enjoys a deemed export status for selling LPG to the PSUs.
Surge in demand
Mr Behuria said that industrial use of subsidised diesel was pushing up demand and forcing the refiners to increase imports. The output by Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation together in 2008-09 was estimated at 39.49 million tonne, with the demand being at 54.79 m.t.While transport and agriculture demand for diesel had grown by 10-12 per cent, consumption by power producers and other industries had risen 30 per cent.
------------------------------------------
RIL may get export perks for diesel sales
Aiming to meet the shortfall of diesel, which has witnessed exponential demand growth, the government is considering a proposal to declare Reliance Industries' sales of the fuel domestically as deemed exports.
State-owned oil marketing companies, which will import about 3.5 million tonnes of diesel this financial year —about 20 per cent more than last year — to meet higher demand growth, say it would be cheaper to buy from Reliance Industries’ refinery if it is given the deemed export status as compared with importing diesel. If granted, these public sector companies will not have to pay transportation charges and taxes such as customs duty.
“The gap between domestic diesel production and demand can be made good by the private sector refineries,” said Sarthak Behuria, chairman and managing director of Indian Oil Corporation (IOC), the largest oil marketing and crude oil refining company in the country. Demand for diesel grew by 18 per cent between April-July as against government-owned refineries, which can meet about 12 per cent growth in demand, Behuria said.
ON DEMAND
The government is considering a proposal to declare RIL's sales of diesel domestically as deemed exports
The government move comes against the backdrop of exponential diesel demand growth
State-owned oil marketing companies were planning to import about 3.5 million tonne of diesel this financial year
It was about 20 per cent more than last year
The firms say the gap between domestic diesel production and demand can be made good by the private sector refineries
Oil marketing companies, including Bharat Petroleum Corporation and Hindustan Petroleum Corporation, will soon send a formal proposal to the government on removing taxes on domestic diesel sales from RIL’s refinery.
Early last year, RIL’s 33 million-tonne-per-annum refinery at Jamnagar, Gujarat, was granted export-oriented status, which allows the refinery to export products at zero duty. The refinery, which produces about 12 million tonne of diesel every year, will have to pay customs as well as excise duty on the fuel if it sells it in the domestic markets. The two taxes will raise the price of the fuel by more than Rs 9 a litre.
Coupled with the absence of transportation costs and insurance, the price at which the marketing companies buy from the Reliance refinery could be at least 30 per cent cheaper than the imported fuel.
The Reliance refinery already sells cooking gas in the domestic market after the product was given deemed export status last year.
---------------------------------------------
Sensex cuts losses, ends down 102pts; ACC sheds 6%
Biyani's Future Group clocks Rs 105-cr sales in just one day
RBI to review road map of foreign banks in India
Govt pulls up oil firms, orders clearing of LPG waitlist
Reliance Big TV targets 40% share of DTH pie
L&T close to picking equity in Australian, Indonesian coal mines
Storage level in major reservoirs improves
Indiabulls set to sell 35% stake in comex
GMR Energy aims to raise Rs 2,600 cr from stake sale
iPhone to cost Rs 31,000 to Rs 36,000 in India
Govt mulls dual price for diesel
Balaji promoters to buy back Star`s stake
Source:BS,BL
New Delhi, Aug. 19 With the diesel demand showing an 18-per cent growth and oil companies depending on imports to bridge the gap, the Government is considering changes in tax norms to allow refineries in export-oriented units such as Reliance Industries Ltd (RIL) to feed the domestic market.
It is also mulling a differential pricing for power and other industrial consumers of the fuel.
After a review meeting with the chiefs of PSU oil companies here on Tuesday, the Petroleum Minister, Mr Murli Deora, said that a consistent, long-term pricing policy for diesel is required – one which would balance social concerns with business realities. The Ministry was seeking changes in tax rules to allow EOU refineries to supply petroleum products to PSU refiners.
Mr Sarthak Behuria, Chairman, Indian Oil Corporation Ltd, told news persons that “We have written to Directorate General of Foreign Trade (DGFT) and the Commerce Ministry in this regard, and if the Finance Ministry also approves it, we will be able to buy diesel from Reliance as is the case with LPG.”
An EOU refinery will have to pay both customs and excise duty for selling the products in the domestic market. The excise duty comprises two components - ad valorem and specific. Currently, the EOU will have to face double taxation in specific.
In addition, the company will have to pay income-tax on its profits when it sells fuel in the domestic tariff area (DTA). “It is being examined if domestic sales by Reliance in the DTA can be given a ‘deemed export status’ and it continues to get income-tax waiver,” he said. RIL already enjoys a deemed export status for selling LPG to the PSUs.
Surge in demand
Mr Behuria said that industrial use of subsidised diesel was pushing up demand and forcing the refiners to increase imports. The output by Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation together in 2008-09 was estimated at 39.49 million tonne, with the demand being at 54.79 m.t.While transport and agriculture demand for diesel had grown by 10-12 per cent, consumption by power producers and other industries had risen 30 per cent.
------------------------------------------
RIL may get export perks for diesel sales
Aiming to meet the shortfall of diesel, which has witnessed exponential demand growth, the government is considering a proposal to declare Reliance Industries' sales of the fuel domestically as deemed exports.
State-owned oil marketing companies, which will import about 3.5 million tonnes of diesel this financial year —about 20 per cent more than last year — to meet higher demand growth, say it would be cheaper to buy from Reliance Industries’ refinery if it is given the deemed export status as compared with importing diesel. If granted, these public sector companies will not have to pay transportation charges and taxes such as customs duty.
“The gap between domestic diesel production and demand can be made good by the private sector refineries,” said Sarthak Behuria, chairman and managing director of Indian Oil Corporation (IOC), the largest oil marketing and crude oil refining company in the country. Demand for diesel grew by 18 per cent between April-July as against government-owned refineries, which can meet about 12 per cent growth in demand, Behuria said.
ON DEMAND
The government is considering a proposal to declare RIL's sales of diesel domestically as deemed exports
The government move comes against the backdrop of exponential diesel demand growth
State-owned oil marketing companies were planning to import about 3.5 million tonne of diesel this financial year
It was about 20 per cent more than last year
The firms say the gap between domestic diesel production and demand can be made good by the private sector refineries
Oil marketing companies, including Bharat Petroleum Corporation and Hindustan Petroleum Corporation, will soon send a formal proposal to the government on removing taxes on domestic diesel sales from RIL’s refinery.
Early last year, RIL’s 33 million-tonne-per-annum refinery at Jamnagar, Gujarat, was granted export-oriented status, which allows the refinery to export products at zero duty. The refinery, which produces about 12 million tonne of diesel every year, will have to pay customs as well as excise duty on the fuel if it sells it in the domestic markets. The two taxes will raise the price of the fuel by more than Rs 9 a litre.
Coupled with the absence of transportation costs and insurance, the price at which the marketing companies buy from the Reliance refinery could be at least 30 per cent cheaper than the imported fuel.
The Reliance refinery already sells cooking gas in the domestic market after the product was given deemed export status last year.
---------------------------------------------
Sensex cuts losses, ends down 102pts; ACC sheds 6%
Biyani's Future Group clocks Rs 105-cr sales in just one day
RBI to review road map of foreign banks in India
Govt pulls up oil firms, orders clearing of LPG waitlist
Reliance Big TV targets 40% share of DTH pie
L&T close to picking equity in Australian, Indonesian coal mines
Storage level in major reservoirs improves
Indiabulls set to sell 35% stake in comex
GMR Energy aims to raise Rs 2,600 cr from stake sale
iPhone to cost Rs 31,000 to Rs 36,000 in India
Govt mulls dual price for diesel
Balaji promoters to buy back Star`s stake
Source:BS,BL
Stocks Analysis from Deadpresident
Deadpresident Blog updates:
Hindalco
Technical Calls - Aug 20 2008
Reliance Communications launches BIG TV
Reliance Power
Stocks: Cheap but best avoided
Bilpower
Vishal Information Technologies Fun
Grey Market Premiums
India Telecom, India Banking, India Sugar
Havells India
Cement Sector Update
NTPC, Tata Motors, Mercator Lines, Bharat Forge, I...
India Equity Strategy
India Construction
Thermax
Source: Above blog.
Hindalco
Technical Calls - Aug 20 2008
Reliance Communications launches BIG TV
Reliance Power
Stocks: Cheap but best avoided
Bilpower
Vishal Information Technologies Fun
Grey Market Premiums
India Telecom, India Banking, India Sugar
Havells India
Cement Sector Update
NTPC, Tata Motors, Mercator Lines, Bharat Forge, I...
India Equity Strategy
India Construction
Thermax
Source: Above blog.
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