National Stock Exchange of India Limited

www.nseindia.com  

Tel : 91 22 2659 8100 to 114

Fax : 91 22 2659 8120

 

Representatives

Vice Chairman : Mr. Ravi Narain

Managing Director and Chief Executive Officer : Ms. Chitra Ramkrishna

Types of Securities Traded

Name of Trading Systems

(cash and derivatives)

Trading Hours

 

Ø  Cash Market

 

Ø Equity & Preference Shares

Ø Debentures

Ø Warrants

Ø Exchange Traded Funds

Ø Mutual Funds      

Ø Government Securities

Ø IDR

Ø SME

 

 

 

 

Ø        Cash Market

 

 

 

 

Ø Pre-open Session Order

Entry period:  

09:00 AM to 09:08  AM (*)

(*) Random closure on last one minute. Order matching and trade confirmation will start immediately after completion of order entry period.

 

Ø Normal Market/ Limited Physical Market /Retail Debt Market  :

 09:15 AM To 3:30 PM

 

Ø Closing  Session :

3:40 PM to 4:00 PM

 

Ø Auction Market:

2:00 PM (30 minute solicitor period for each security)

 

Ø Block Trade session:

09:15 AM to 9:50 AM

 

Ø Call Auction session for illiquid securities

Starting from 9:30 am multiple session (currently 6) for 45 minutes Random closure on last one minute. Order matching and trade confirmation will start immediately after completion of order entry period

 

 

Ø          Futures and Options Market

 

Ø Futures on single stocks

Ø Options on single stocks

Ø Futures on equity indices

Ø Options on equity indices

Ø Futures on Foreign Indices

Ø Options on Foreign Indices

 

 

 

 

Ø          Futures and Options Market

 

 

 

Ø Normal Market:

09:15 AM To 3:30 PM

 

 

Ø Currency Derivatives

Market

 

Ø Currency Futures

Ø Currency options

Ø Government bond Futures

Ø Treasury-Bill Futures

 

 

Ø Currency Derivatives Market

 

 

 

Ø Normal Market:

09:00 AM To 5:00 PM

 

 

Ø Corporate Bonds (Privately and Publicly placed)

Ø Debt market segment

 

Ø Normal Market:

09:00 AM To 5:00 PM

 

 

Supervisory Body

Securities and Exchange Board of India

Name of Clearing & Settlement Organization

National Securities Clearing Corporation Ltd.

Settlement Cycle

For Cash Market - T + 2

For Futures & Options - T + 1

For Currency Derivatives - T + 1

Name of Central Securities Depository

National Securities Depository Ltd. & Central Securities Depository Ltd.
 

Commissions on Transactions levied by Exchange

 

SUMMARY OF TRANSACTION CHARGES FOR CM SEGMENT

Serial No.

Circular Dates

Circular Reference/Details

Transaction Charges Rates

1

Sept 07,2009

NSE/F&A/13028(w.e.f October 01, 2009)

 

 

 

Total traded value in a month

 per lac of Traded Value

 

 

upto First Rs.1250 crores 

Rs.3.25 each side

 

 

More than 1250 crores upto Rs.2500 crores(on incremental volume)

Rs.3.20 each side

 

 

More than 2500 crores upto Rs.5000 crores(on incremental volume)

Rs.3.15 each side

 

 

More than 5000 crores upto Rs.10000 crores(on incremental volume)

Rs.3.10 each side

 

 

More than 10000 crores upto Rs.15000 crores(on incremental volume)

Rs.3.05 each side

 

 

Exceeding Rs.15000 crores(on incremental volume)

Rs.3.00 each side

SUMMARY OF TRANSACTION CHARGES FOR F&O SEGMENT

 

 

 

 

 

 

Serial No.

Circular Dates

Circular Reference/Details

Transaction Charges Rates

 

1

February 25, 2005

NSE/F&A/5876(w.e.f March, 2005)

 

 

 

 

Options transaction charges on premium value

Rs 50/- per lakh on premium value(each side)

 

 

 

 

 

 

2

September 07, 2009

NSE/F&A/13029(w.e.f 01st Oct, 2009)

 

 

 

 

Futures total Traded Value in a month

 per lac of Traded Value

 

 

 

Up to first Rs.2500 Crore

Rs.1.90 each side

 

 

 

More than Rs.2500 crores up to Rs.7500 crores
(on incremental volume)

Rs.1.85 each side

 

 

 

More than Rs.7500 crores up to Rs.15000 crores
(on incremental volume)

Rs.1.80 each side

 

 

 

More than Rs.15000 (on incremental volume)

Rs.1.75 each side

 

SUMMARY OF TRANSACTION CHARGES FOR WDM SEGMENT

 

 

 

 

 

 

Serial No.

Circular Dates

Circular Reference/Details

Transaction Charges Rates

 

1

October 01, 2012

NSE/FA/21811(w.ef. October 1, 2012)

Transaction charge of Rs.50/- per transaction for the trades done in the WDM Segment subject to a maximum of Rs. 1 lac per annum

 

SUMMARY OF TRANSACTION CHARGES FOR CD SEGMENT

 

 

 

 

 

 

Serial No.

Circular Dates

Circular Reference/Details

Transaction Charges Rates

 

1

August 12 2011

NSE/F&A/18608(w.e.f. August 22, 2011)

 

 

 

 

1.Currency Futures Contracts

 

 

 

 

Total Traded Value in a calendar month per member

Transaction Charges (Rs. per lakh of Traded Value)

 

 

 

Up to first Rs.2500 Crores

Rs.1.15 each side

 

 

 

More than Rs.2500 crores up to Rs.7500 crores
(on incremental volume above Rs.2500 crores)

Rs.1.10 each side

 

 

 

More than Rs.7500 crores up to Rs.15000 crores
(on incremental volume above Rs.7500 crores)

Rs.1.05 each side

 

 

 

More than Rs.15000 (on incremental volume above Rs.15000 crores)

Rs.1.00 each side

 

 

 

 

 

 

 

 

2.Currency Options Contracts

 

 

 

 

Premium Value in a calendar month per member

Transaction Charges (Rs. per lakh of Premium Value)

 

 

 

Up to first Rs.250 Crores

Rs.40 each side

 

 

 

More than Rs.250 crores up to Rs.500 crores
(on incremental volume above Rs.250 crores)

Rs.35 each side

 

 

 

More than Rs.500 crores
(on incremental volume above Rs.500 crores)

Rs.30 each side

 

 

Taxes on Dividends, Interests

 

Interest is taxable at the normal applicable tax rates. Refer to below summary for dividends:

 

Dividend Distribution Tax is payable by

Tax Rate

Dividend Income in the hands of the recipient

Domestic Company

16.995%   (15%+surcharge @ 10% + education cess @ 3%)

Exempt

Equity Oriented Fund

Nil

Exempt

Money Market Fund or Liquid Fund

-          if recipient is individual or HUF: 28.325% (25%+surcharge @ 10% + education cess @ 3%)

Exempt

 

-          if recipient is others: 33.99%

(30%+surcharge @ 10% + education cess @ 3%)

 

 

 

 

Other Funds – not under IDF (Infrastructure debt fund)

-           if recipient is individual or HUF: 28.325% (25%+surcharge @ 10% + education cess @ 3%)

Exempt

 

-           if recipient is others: 33.99 %

(30%+surcharge @ 10% + education cess @ 3%)

 

 

 

 

Other Funds –under IDF-

-           if recipient is Resident individual or HUF: 28.325% (25%+surcharge @ 10% + education cess @ 3%)

Exempt

 

-           if recipient is Resident others: 33.99 %

(30%+surcharge @ 10% + education cess @ 3%)

 

 

  •  if recipient is Non-Resident: 5.665 %

 (5%+surcharge @ 10% + education cess @ 3%)

 

 

Share ownership thresholds (%)

 As per SECURITIES CONTRACTS (REGULATION) (STOCK EXCHANGES AND CLEARING CORPORATIONS) REGULATIONS, 2012, notified on 20th June, 2012.

Shareholding in a recognised stock exchange -

(1) Atleast fifty one per cent. of the paid up equity share capital of a recognised stock exchange shall be held by public.

(2) No person resident in India shall at any time, directly or indirectly, either individually or together with persons acting in concert, acquire or hold more than five per cent. of the paid up equity share capital in a recognised stock exchange:

Provided that,—

(i) a stock exchange;

(ii) a depository;

(iii) a banking company;

(iv) an insurance company; and

(v) a public financial institution,

may acquire or hold, either directly or indirectly, either individually or together with persons acting in concert, upto fifteen per cent. of the paid up equity share capital of a recognised stock exchange.

(3) No person resident outside India, directly or indirectly, either individually or together with persons acting in concert, shall acquire or hold more than five per cent. of the paid up equity share capital in a recognised stock exchange.

(4) The combined holding of all persons resident outside India in the paid up equity share capital of a recognised stock exchange shall not exceed, at any time, forty-nine per cent. of its total paid up equity share capital, subject to the following:—

(a) the combined holding of such persons acquired through the foreign direct investment route shall not exceed twenty six per cent. of the total paid up equity share capital, at any time;

(b) the combined holding of foreign institutional investors shall not exceed twenty three per cent. of the total paid up equity share capital, at any time;

(c) no foreign institutional investor shall acquire shares of a recognised stock exchange otherwise than through secondary market.

Explanation.—For the purposes of clause (c), the acquisition of shares in a recognised stock exchange through secondary market shall be construed as follows:—

I. If the recognised stock exchange is not listed, a foreign institutional investor may acquire its shares through transactions outside of a recognised stock exchange provided it is not an initial allotment of shares;

II. If the recognised stock exchange is listed, the transactions by a foreign institutional investor shall be done through the recognised stock exchange where such shares are listed.

(5) No clearing corporation shall hold any right, stake or interest, of whatsoever nature, in any recognised stock exchange.

 

Short selling (Yes / No)

Please refer attached circular of SEBI (click on this link)

 

Short selling conditions (if any)

Please refer attached circular of SEBI (click on this link)

 

 

This page was last updated on: 12/20/2013 - 14:01