BSE Ltd. (formerly known as Bombay Stock Exchange) welcomed the Samvat Year 2068 with much fanfare and panache. The Lakshmi Pooja and the Muhurat Trading Session on Wednesday, October 26, 2011 from 4.45 p.m. to 6.00 p.m. was graced by a lot of recognized personalities from broking fraternity, corporates and bollywood too. Actress Mahima Choudhary was at the Exchange for the ‘Opening Bell’.
BSE Liquidity Enhancement Incentives Programme (LEIPS) which was launched last month on September 28th has received quite an encouraging response. BSE derivatives segment is seeing daily volumes rising above 200 crores within 10 days of start and has touched a record figure of Rs. 546 crores on Monday, October 25th with over 120 members participating daily.
On the occasion of Muhurat Trading Day and after a successful launch of LEIPS - Beta, BSE announced its LEIPS Phase II. The programme will focus on building a healthy derivatives order book for the SENSEX and its underlying 30 stocks by incentivizing investor and market maker participation across the board.
On the backdrop of festive mood, BSE commenced its evening by felicitating top volume brokers in Equity, Derivatives, Mutual Fund, Fixed Income, Settlement of Corporate Bonds segments and IPO / FPO Members.
Equity Segment
1. ANGEL BROKING LTD.
2. ADROIT FINANCIAL SERVICES PVT.LTD.
3. BONANZA PORTFOLIO LTD.
4. CROSSEAS CAPITAL SERVICES PVT.LTD.
5. DSP MERRILL LYNCH LTD.
6. GENUINE STOCK BROKERS PVT.LTD.
7. NDIA INFOLINE LTD.
8. MARWADI SHARES & FINANCE LTD.
9. MOTILAL OSWAL SECURITIES LTD.
10. RELIGARE SECURITIES LTD.
Derivatives Segment
1. ANS PVT. LTD.
2. EDELWEISS SECURITIES LTD.
3. INTERACTIVE BROKERS (INDIA) PVT. LTD.
4. MARFATIA STOCK BROKING PVT. LTD.
5. NAYAN M. VALA SECURITIES PVT. LTD.
6. SHARE INDIA SECURITIES LTD.
Mutual Fund Segment
1. HDFC SECURITIES LTD.
2. ITI FINANCIAL SERVICES LTD.
3. J M FINANCIAL SERVICES PVT. LTD.
4. NJ INDIA INVEST PVT. LTD.
5. MOTILAL OSWAL SECURITIES LTD.
Settlement of Corporate Bonds
1. BIRLA SUN LIFE ASSET MANAGEMENT COMPANY LTD.
2. IDFC ASSET MANAGEMENT COMPANY LTD.
3. LIC Nomura Mutual Fund Asset Management Co. Ltd.
Fixed Income Segment
1. DERIVIUM TRADITION AND SECURITIES LTD.
2. EDELWEISS SECURITIES LTD.
3. LKP SECURITIES LTD.
Primary Market Segment (IPO/FPO Bids - Members)
1. ENAM SECURITIES PVT. LTD.
2. JM FINANCIAL SERVICES PVT. LTD.
3. KOTAK SECURITIES LTD.
Primary Market Segment (IPO/FPO Bids - Banks)
1. BANK OF INDIA
2. ICICI BANK LTD.
3. STATE BANK OF INDIA
Muhurat Trading:
Muhurat (auspicious) 'Muhurat trading' marks the beginning of the new trading year for the Gujarati community, who form the bulk of share brokers in India.
For the trading communities the new financial year begins with Diwali. That is the reason pooja is performed for account books, safes and tijoris on Dhanteras as well as on Diwali day. A coin is placed on the account books before the pooja which is supposed to signify wealth, and the coin is preserved and again used in the pooja in the next Diwali.
The stock brokers perform "Chopra Pooja" at the exchange and a customary 'Muhurat Trading' trading takes place at the stock exchange. The story goes that on the night of Lakshmi Pooja, the Goddess comes to reside at the place of the pooja, that is the reason the traders and shopkeepers keep awake with lights burning all night to welcome Lakshmi any time she chooses to come.
