|
The progress of rolling settlement with 10
scrips from January 10, 2000 was reviewed. It was noted that contrary to reports
about decline in volumes, liquidity and delivery in all the 10 scrips across the board,
analysis of the daily trading volume, and outstanding positions at the end of the day
(which are also the deliverable positions) show that in at least 5 scrips trading volumes
have been higher on certain days than average of trading volumes in last six settlements
prior to rolling settlement. Besides, in more than 5 scrips, deliveries have been higher
on several days. Even comparisons of pre rolling settlement and post rolling settlement
prices show that on some days at least in 6 scrips post rolling settlement prices have
been higher. It would therefore not be factually correct to conclude that rolling
settlement has resulted in notable decline in trading volumes, deliveries and prices.
| 1 |
BFL Software |
| 2 |
Cyber Tech Systems |
| 3 |
Sri Adhikari Brothers |
| 4 |
Lupin Laboratories |
| 5 |
Morepen Laboratories |
| 6 |
Citi Corp securities |
| 7 |
Maars Software |
| 8 |
Hitech Drilling |
| 9 |
Tata Infotech |
| 10 |
VisualSoft (I) |
Rolling settlement is necessary for a healthy and safe market as it
helps in reduction of risks and also lowering of transaction cost in the long run. All
markets have moved into rolling settlement mould. It is therefore necessary to take the
Indian market forward and initiate further measures for rolling settlement.
The following decisions were taken today in the light of the above:
- There are 74 companies which have changed names into infotech companies. These companies
are traded mainly on the BSE and NSE and also on other exchanges. Some of these companies
also have fairly good trading volumes. These companies will be included in compulsory
rolling settlement from May 8, 2000. Most of these companies have not signed agreements
with the depositories. They will be given time upto March 31, 2000 to sign the agreements
with both the depositories failing which action as proposed at 5 above i.e. temporary
suspension of trading by stock exchanges till signing of the agreements will be
taken.
| 1. |
Sunstar Software Systems
Ltd. |
62 |
TIL Infotech |
| 2. |
Ambuja Shipyards and
Software Ltd. |
63 |
Washington Software |
| 3. |
LCC Infotech Ltd. |
64 |
Canaan International
Infotech Ltd. |
| 4. |
BSEL Information Systems
Ltd. |
65 |
Libord Infotech Ltd. |
| 5. |
Cyberspace Infosys Ltd. |
66 |
IT Microsystems India
Ltd. |
| 6. |
Chicago Software Ltd. |
67 |
A Info Consumables Ltd. |
| 7 |
Choksh Infotech Ltd. |
68 |
KTL Infosys Ltd. |
| 8 |
Unisys Softwares &
Holding Ltd. |
69 |
NFL Infotech Ltd. |
| 9 |
Southern Infosys Ltd. |
70 |
ACI Infotech Ltd. |
| 10 |
Omega Interactive
Technology Ltd. |
71 |
Innosoft Technologies
Ltd. |
| 11 |
GMS Computers (India)
Ltd. |
72 |
Atco Technologies Ltd. |
| 12 |
Minisoft Ltd. |
73 |
Clio Infotech Ltd. |
| 13 |
Nexcen Softech Ltd. |
74 |
Vinitron Informatics Ltd. |
| 14 |
Indian Infotech and
Software Ltd. |
75 |
ATN International |
| 15 |
IEC Software Ltd. |
76 |
Yash Management |
| 16 |
Kolar Information
Technologies Ltd. |
77 |
21st Century
Management |
| 17 |
Shyam Software Ltd. |
78 |
Sawaca Finance |
| 18 |
Silicon Valley Infotech
Ltd. |
79 |
Kirloskar Investments |
| 19 |
Shalibhadra Infosec Ltd. |
80 |
RaviLeela Fianance |
| 20 |
Soni Infosys Ltd. |
81 |
Madhumilan Finance |
| 21 |
Proline Software &
Finance Ltd. |
82 |
Kotawala Securities |
| 22 |
Webcity Infosys Ltd. |
83 |
Mahadev Corporation |
| 23 |
Synergy Login Systems
Ltd. |
84 |
Leafin India |
| 24 |
VMC Software Ltd. |
85 |
Allianz Capital |
| 25 |
ICES Software Ltd. |
86 |
Shoppers Investments |
| 26 |
Vatsa Infotech Ltd. |
87 |
CIFCO Finance |
| 27 |
Shilpa Software
Corporation Ltd. |
88 |
Consort Finance |
| 28 |
Inna Reddy Computer
Software Associates (I) Ltd. |
89 |
Allianz Securities |
| 29 |
Archana Software |
90 |
Sanmac Motor |
| 30 |
ERP softsystems |
91 |
Onida Finance |
| 31 |
D.R.Softech and
Industries Ltd. |
92 |
Raunaq Finance |
| 32 |
CMS Infotech Ltd. |
93 |
Majestic Securities |
| 33 |
Chitalia Infotech ( India
) Ltd. |
94 |
Pittie Finance |
| 34 |
Sun Beam Infotech Ltd. |
95 |
Gujrat Capital |
| 35 |
Sanvan Software Ltd. |
96 |
Rusoday & Co. |
| 36 |
VMF Softech Ltd. |
97 |
Lyons Indust. |
| 37 |
CAT Technologies |
98 |
Enarai Finance |
| 38 |
Sriven Multi-Tech Limited |
99 |
Enrich Industries |
| 39 |
Allsoft Corp. Ltd. |
100 |
Platinum Finance |
| 40 |
Encore Software Ltd. |
101 |
Link International |
| 41 |
Grow-Tech Software
Services Ltd. |
102 |
Damania Capital |
| 42 |
GMR Vasavi Info Ltd. |
103 |
Lalbhai Finance |
| 43 |
B.T. Technet Ltd. |
104 |
Canopy Securities |
| 44 |
Alps Infosys Ltd. |
105 |
Premium International |
| 45 |
Corcomp Infosystems Ltd. |
106 |
Odyssey Technologies |
| 46 |
Netvista Information Tech
Ltd. |
107 |
Innovations International Exim |
| 47 |
Pentium Infotech Ltd. |
108 |
Phoenix Mill |
| 48 |
Prakash Fortran Softech
Ltd. |
109 |
SIP Industries |
| 49 |
Ransi Software (I) Ltd. |
110 |
Worldwide Tel |
| 50 |
SAARC Net Ltd. |
111 |
Autorider Ind. |
| 51 |
Vakrangee Softwares Ltd. |
112 |
Cybermate Info. |
| 52 |
Kushagra Software Ltd. |
113 |
Odyssey Vid |
| 53 |
EZ-Commerce Trade
Technologies Ltd. |
114 |
Omega Interactive |
| 54 |
Trillienium Technologies
Ltd. |
115 |
Sawaca Communications |
| 55 |
Monalisa Infotech Ltd. |
116 |
Vans Info and Inv. |
| 56 |
Millennium Infocom
Technologies Ltd. |
117 |
Mascon Global |
| 57 |
Eider Infotech Ltd. |
118 |
Media Video |
| 58 |
Apex Intertech Ltd. |
119 |
Relaxo Footwear |
| 59 |
Indus e Solutions Ltd. |
120 |
Shri MM Softech |
| 60 |
Ancent Software Ltd. |
121 |
Surana Tele. |
| 61 |
Gamma Infoway Exalt Ltd. |
122 |
Rajesh Exports |
These companies will sign the agreement with both the depositories by
March 31, 2000 failing which trading will be suspended by stock exchanges till the
agreements are signed by these companies.
These companies will be traded under compulsory demat for all the investors and in
rolling settlement with effect from May 8, 2000.
- There are 31 NBFCs which are listed and traded on the BSE but whose applications for
certificate of registration were rejected by RBI. These scrips will also be included for
compulsory rolling settlement from May 8, 2000. Companies will be required to sign
agreements with both the depositories by March 31, 2000 failing which action as indicated
in 9(a) above will be taken.
- There are also certain scrips which have exhibited high volatility (i.e. of more than
110% for 7 weeks or more in the last 10 weeks). 17 such scrips will be included in
compulsory rolling settlement from May 8, 2000. These companies will also be required to
sign agreements with both the depositories by March 31, 2000 failing which action as
indicated in 9(a) above will be taken.
- In addition to the above, 34 companies out of 199 companies which are already included
in compulsory dematerialised trading for all investors and do not have carry forward
facility in any of the exchanges and have signed agreements with both the depositories
would be included for compulsory rolling settlement from March 21, 2000.
| 1 |
Aftek Infosys |
| 2 |
Penta Comm |
| 3 |
Global Trust |
| 4 |
Orchid Chemicals |
| 5 |
KLG Systels |
| 6 |
Blue Star |
| 7 |
Torrent Pharma |
| 8 |
Kotak Mahindra Finance |
| 9 |
Archies Greetings |
| 10 |
Morgan Stanley |
| 11 |
Cheminor Drugs |
| 12 |
Sundaram Cleayton |
| 13 |
Container Corporation |
| 14 |
Indusind Bank |
| 15 |
Unichem Laboratories |
| 16 |
Navneet Publications |
| 17 |
GAIL |
| 18 |
Marico Industires |
| 19 |
ESSAR Steel |
| 20 |
Electro Steel Castings |
| 21 |
ITW Signode |
| 22 |
Prism Cement |
| 23 |
Chambal Fertilizers |
| 24 |
Federal Bank |
| 25 |
Birla Global |
| 26 |
Excel Industries |
| 27 |
MRPL |
| 28 |
Jindal Strips |
| 29 |
Shree Cement |
| 30 |
Jindal Iron |
| 31 |
Krishna Filament |
| 32 |
Indo Rama Synthetics |
| 33 |
Ashok Leyland Finance |
| 34 |
Morarka Finance Ltd. |
Thus the total number of scrips additionally covered under rolling
settlement will be 156.
List of scrips in rolling settlement from 2 July 2001
| Name of scrip |
| 1 |
Adani
Exports Ltd. |
| 2 |
Ahmedabad
Electricity Co |
| 3 |
Alfa Laval
India Ltd |
| 4 |
Amara Raja
Batteries Ltd |
| 5 |
Apollo
Hospitals Enterprises Ltd |
| 6 |
Apollo
Tyres Ltd |
| 7 |
Aptech
Ltd. |
| 8 |
Arvind
Mills |
| 9 |
Asea Brown
Boveri Ltd. |
| 10 |
Ashok
Leyland Ltd |
| 11 |
Asian
Hotels Ltd |
| 12 |
Asian
Paints |
| 13 |
Associated
Cement Companies |
| 14 |
Atlas
Copco |
| 15 |
Aurobindo
Pharma Ltd. |
| 16 |
Aventis
Crop |
| 17 |
Bajaj Auto |
| 18 |
Ballarpur
Industries Ltd |
| 19 |
Balrama
Chini |
| 20 |
Bank Of
Baroda |
| 21 |
Bank Of
India |
| 22 |
Bank of
Punjab |
| 23 |
BASF India |
| 24 |
Bata India |
| 25 |
Bausch
& Lomb Ltd. |
| 26 |
Bharat
Electronics Ltd. |
| 27 |
Bharat
Forge |
| 28 |
Bharat
Heavy Electronics Ltd. |
| 29 |
Bharat
Petro |
| 30 |
Birla 3M |
| 31 |
Bombay
Dyeing |
| 32 |
Bpl
Limited |
| 33 |
Britania
Ind |
| 34 |
BSES Ltd |
| 35 |
Burrough
Wel |
| 36 |
C M C Ltd |
| 37 |
Cadbury
(I) |
| 38 |
Cadila
Healthcare Ltd. |
| 39 |
California
Software |
| 40 |
Carrier
Aircon Ltd |
| 41 |
Castrol
India |
| 42 |
Century
Textiles Ltd. |
| 43 |
CESC LTD |
| 44 |
Chennai
Pet. |
| 45 |
Ciba
Special |
| 46 |
Cipla |
| 47 |
Colgate |
| 48 |
Colour
Chem Ltd |
| 49 |
Corpn.
Bank |
| 50 |
CRISIL |
| 51 |
Crompton
Greaves. |
| 52 |
Cummins
India |
| 53 |
Dabur
India Ltd |
| 54 |
Deepak
Fertilizers |
| 55 |
Dena Bank |
| 56 |
Digital
Equipments |
| 57 |
Dr.Reddy
Labarotories |
| 58 |
Dsq
Software Ltd. |
| 59 |
E.Merck |
| 60 |
EID Parry |
| 61 |
EIH Ltd. |
| 62 |
Electr.
Kelvin |
| 63 |
Engineers
India Ltd. |
| 64 |
Esab India |
| 65 |
Escorts |
| 66 |
Essar Oil
Ltd |
| 67 |
Essel
Packing Ltd |
| 68 |
Eveready
Industries |
| 69 |
Exide
Industries |
| 70 |
Finolex
Cables |
| 71 |
Finolex
Industries Ltd |
| 72 |
Fujitsu
ICIM Ltd |
| 73 |
German
Remedies Ltd |
| 74 |
Glaxo
(I)Ltd |
| 75 |
Global
Tele-Systems Ltd. |
| 76 |
Godfrey
Philips Ltd |
| 77 |
Godrej
Soaps Ltd |
| 78 |
Goodlas
Nerolac Ltd |
| 79 |
Grasim
Industries Ltd |
| 80 |
Great
Eastern Shipping Co |
| 81 |
Gujrat
Ambuja Cements |
| 82 |
Gujrat Gas
Co. Ltd |
| 83 |
Gujrat
Industrial Power Co. Ltd |
| 84 |
Gujrat
Narmada |
| 85 |
Gujrat
State Fertiliser & Chemicals Ltd |
| 86 |
Hcl
Infosys. |
| 87 |
Hcl
Technologies Ltd. |
| 88 |
HDFC |
| 89 |
HDFC Bank |
| 90 |
Henkel
Spic |
| 91 |
Hero Honda |
| 92 |
Himachal
Futuristic Comm. Ltd |
| 93 |
Himatsingka
Seide Ltd |
| 94 |
Hindalco
Industries Ltd |
| 95 |
Hinduja
Finance Corporation Ltd. |
| 96 |
Hindustan
Inks And Resins |
| 97 |
Hindustan
Lever Chemicals Ltd |
| 98 |
Hindustan
Lever Ltd |
| 99 |
Hindustan
Motors |
| 100 |
Hindustan
Zinc Ltd |
| 101 |
Hoechst
Mari |
| 102 |
HPCL |
| 103 |
Hughes
Software Systems Ltd. |
| 104 |
IBP Co Ltd |
| 105 |
ICI India |
| 106 |
ICICI |
| 107 |
ICICI Bank |
| 108 |
IDBI |
| 109 |
IDBI Bank |
| 110 |
IFCI |
| 111 |
Indian
Shaving |
| 112 |
India
Cement |
| 113 |
Indian
Aluminium Co Ltd |
| 114 |
Indian
Hotel |
| 115 |
Indian Oil |
| 116 |
Indian
Rayon |
| 117 |
Indogulf
Cor |
| 118 |
Indraprasth
Medical Corp |
| 119 |
Infosys
Tech |
| 120 |
Ingersoll |
| 121 |
Insilco |
| 122 |
IPCL |
| 123 |
ITC Bhadra |
| 124 |
ITC Hotels
Ltd |
| 125 |
ITC Ltd. |
| 126 |
ITI Ltd |
| 127 |
Jain
Studio |
| 128 |
Jaiprakash
Industries Ltd. |
| 129 |
Jay Shree
Tea & Industries |
| 130 |
Jindal
Steel & Power Ltd. |
| 131 |
Jindal
Vijaynagar Steel |
| 132 |
Kesoram
Ind. |
| 133 |
Knoll
Pharmaceuticals. |
| 134 |
Kochi
Refineries |
| 135 |
Kodak
India Ltd. |
| 136 |
KSB Pumps |
| 137 |
L M L Ltd. |
| 138 |
Lakshmi
Machine tools |
| 139 |
Larsen
& Toubro |
| 140 |
LIC
Housing Finanance |
| 141 |
Madras
Cements |
| 142 |
Mahindra
& Mahindra |
| 143 |
Mahanagar
Telephone Nigam Ltd |
| 144 |
Mahavir
Spinning |
| 145 |
Mastek
Ltd. |
| 146 |
Max India
Ltd. |
| 147 |
Mcdowell |
| 148 |
Mirc
Electronics Ltd. |
| 149 |
Monsanto
Indus |
| 150 |
Moser-Baer
(I) Ltd. |
| 151 |
Motor
Industries Co Ltd |
| 152 |
MRF Ltd. |
| 153 |
Nagarjun |
| 154 |
Nahar
Exports |
| 155 |
National
Aluminium Co Ltd |
| 156 |
Nestle
Ltd. |
| 157 |
Neyveli
Lignite |
| 158 |
Nicholas
Piramal |
| 159 |
NIIT Ltd |
| 160 |
Nirma Ltd. |
| 161 |
NOCIL |
| 162 |
Novartis
(I) |
| 163 |
Oil And
Natural Gas Corp. |
| 164 |
Oriental
Bank |
| 165 |
Oswal
Chemical & Fertilizers |
| 166 |
Otis
Elevator Company (I) |
| 167 |
Padmini
Technologies |
| 168 |
Parke
Davis |
| 169 |
Pentamedia
Graphics |
| 170 |
Pfizer |
| 171 |
Philips
(I) |
| 172 |
Pidilite
Industries Ltd |
| 173 |
Polaris
Software Lab Ltd. |
| 174 |
Procter&Gamb |
| 175 |
Psi Data
Systems Ltd. |
| 176 |
Punjab
Tractor |
| 177 |
Ranbaxy
Labarotories |
| 178 |
Rashtriya
Chemicals & Fertilisers Ltd |
| 179 |
Raymond
Ltd. |
| 180 |
Reckitt
Col. |
| 181 |
Reliance
Capital |
| 182 |
RPCL |
| 183 |
Reliance
Industries |
| 184 |
Rhone
Poulen |
| 185 |
Rolta
India Ltd. |
| 186 |
Saregama
India Ltd. |
| 187 |
Satyam
Computers |
| 188 |
Saw Pipes
Ltd. |
| 189 |
Sesa Goa
Ltd |
| 190 |
Shipping
Corporation of India Ltd. |
| 191 |
Shree Rama
Multi-Tech Ltd. |
| 192 |
Shyam
Telecom Ltd. |
| 193 |
Siemens |
| 194 |
Silverline
Technologies |
| 195 |
Smithklin.Co |
| 196 |
Smithklin
Pharmaceuticals |
| 197 |
Sonata
Software Ltd. |
| 198 |
Sound
Craft Industries Ltd |
| 199 |
Southern
Petrochemicals |
| 200 |
SQL Star
International |
| 201 |
SRF Ltd |
| 202 |
SSI Ltd. |
| 203 |
State Bank
of India |
| 204 |
Steel
Authority of India |
| 205 |
Sterlite
Industries |
| 206 |
Sterlite
Opticals |
| 207 |
Sun
Pharmaceuticals |
| 208 |
Sundaram
Fasteners Ltd |
| 209 |
Supreme
Industries |
| 210 |
Syngenta
Ind |
| 211 |
Tamilnadu
Newsprint & Paper Ltd |
| 212 |
Tata
Chemicals |
| 213 |
Tata Elxsi
L |
| 214 |
TELCO |
| 215 |
Tata
Finance Ltd. |
| 216 |
Tata
Honeywell |
| 217 |
Tata Power |
| 218 |
TISCO |
| 219 |
Tata Tea |
| 220 |
Television
Eighteen India Ltd. |
| 221 |
Thermax
Ltd |
| 222 |
Thomas
Cook |
| 223 |
Timken Ltd |
| 224 |
Titan Ind. |
| 225 |
Trent Ltd. |
| 226 |
Trigyn
Technologies Ltd. |
| 227 |
Tube
Investments Of India |
| 228 |
TVS Suzuki |
| 229 |
United
Breweries Ltd |
| 230 |
United
Phosp |
| 231 |
Usha
(India) Ltd |
| 232 |
Usha
Beltron |
| 233 |
UTI Bank
Ltd. |
| 234 |
UTI
-Master Share |
| 235 |
Vardhaman
Polytex |
| 236 |
Vashisti
Detergents |
| 237 |
Videocon
Int |
| 238 |
Videsh
Sanchar Nigam Ltd |
| 239 |
Voltas |
| 240 |
Vysya Bank
Ltd |
| 241 |
Wartsila
(I) |
| 242 |
Whirlpool
Of India Ltd |
| 243 |
Wipro Ltd |
| 244 |
Wockhardt
Lt |
| 245 |
Wyeth
Lederle Ltd |
| 246 |
Zee
Telefilm |
|
|