J A N U A R Y — M A R C H 2 0 1 3

In this Issue...Global Market Connect................. 2

Indian Market Connect ................. 3

Exchange Arena ................................ 4

Global Regulatory & Market Development..................... 7

Indian Regulatory & Market Developments .................. 8

Key Exchange Initiatives............... 9

Exchange Highlights ...................... 10

Economic Calendar

Shareholders

Shareholders of MCX-SX include India's top public sector banks, private sector banks and Indian �nancial institutions.

In alphabetical order

1 MCX Stock Exchange

About MCX Stock Exchange

MCX Stock Exchange Limited (MCX-SX), India’s new stock exchange, is recognized by Securities and Exchange Board of India under Section 4 of Securities Contracts (Regulation) Act, 1956. The Exchange was noti�ed as a “recognized stock exchange” under Section 2(39) of the Companies Act, 1956 by the Govt. of India on December 21, 2012. In line with global best practices and regulatory requirements, clearing and settlement of trades done on the Exchange is conducted through a separate clearing corporation − MCX-SX Clearing Corporation Ltd. (MCX-SX CCL).

MCX-SX commenced operations in Currency Futures in the Currency Derivatives (CD) segment on October 7, 2008 under the regulatory framework of SEBI and Reserve Bank of India (RBI). The Exchange commenced trading in Currency Options on August 10, 2012. MCX-SX commenced trading in Capital Market (Equity Cash) and Futures & Options (Equity Derivatives) Segments with e�ect from February 11, 2013.

Commitment to Financial Literacy and Inclusion

‘Information, Innovation, Education and Research’ are the four cornerstones of the unique market development philosophy adopted by MCX-SX and supports its mission of Financial-literacy-for-Financial Inclusion™, as is envisaged by the Government of India.

As part of this mission, MCX-SX conducts large-scale investor education and awareness programmes across the length and breadth of the country. Till date, 1,726 such programmes, averaging at least one per working day, have been organised by the Exchange. MCX-SX collaborates with academic institutions of repute, media, trade bodies, international organisations and industry experts for organising these programmes.

MCX SX is the only exchange that has come up with a ‘Manifesto of Change’, which is a roadmap of what the Exchange intends to achieve in terms of driving market development and inclusive growth over the next 10 years.

J A N U A R Y — M A R C H 2 0 1 3

2www.mcx-sx.com

Global Market Connect

Renewed optimism in �nancial markets over the last few months mainly hinged on continued policy accommodation, reinforced by a few upside data surprises, says BIS in its recently released report (BIS Quarterly Review- International banking and �nancial market developments) . Hopes for global growth also ticked up following trade and purchasing managers’ index (PMI) releases that surprised on the upside. PMI data in many advanced economies re�ected a contractionary environment, with the exception of the US PMI. The underlying economic weakness in the advanced economies led to the existing �scal strains and triggered further ratings downgrades. Only Canada and Germany were exceptions with top rating from all three main rating agencies among the G8 countries. At the same time, economic conditions impacted public �nances from both the sides of revenue and expenditure. With this growth concerns prompted the central banks to continue with easy monetary policy in several advanced countries triggering a fresh wave of optimism says BIS.

Global Equity Markets (rebased December 31, 2012=100)

Nikkei 15.4%

Dow Jones 11.3%

FTSE 100 0.4%

Dax 0.1%

Shanghai -1.4%

Sensex -3%

Bovespa -9.9% 85

90

95

100

105

110

115

120

2-Ja

n-13

4-Ja

n-13

8-Ja

n-13

10-J

an-1

3

14-J

an-1

3

16-J

an-1

3

18-J

an-1

3

23-J

an-1

3

25-J

an-1

3

29-J

an-1

3

31-J

an-1

3

4-Fe

b-13

6-Fe

b-13

8-Fe

b-13

12-F

eb-1

3

14-F

eb-1

3

19-F

eb-1

3

21-F

eb-1

3

25-F

eb-1

3

27-F

eb-1

3

1-M

ar-1

3

5-M

ar-1

3

7-M

ar-1

3

11-M

ar-1

3

13-M

ar-1

3

15-M

ar-1

3

19-M

ar-1

3

22-M

ar-1

3

28-M

ar-1

3

Source: Bloomberg

Global Bond Markets (rebased December 31, 2012=100)

2-Ja

n-13

4-Ja

n-13

8-Ja

n-13

10-J

an-1

3

14-J

an-1

3

16-J

an-1

3

18-J

an-1

3

23-J

an-1

3

25-J

an-1

3

29-J

an-1

3

31-J

an-1

3

4-Fe

b-13

6-Fe

b-13

8-Fe

b-13

12-F

eb-1

3

14-F

eb-1

3

19-F

eb-1

3

21-F

eb-1

3

25-F

eb-1

3

27-F

eb-1

3

1-M

ar-1

3

5-M

ar-1

3

7-M

ar-1

3

11-M

ar-1

3

13-M

ar-1

3

15-M

ar-1

3

19-M

ar-1

3

22-M

ar-1

3

28-M

ar-1

3

60

70

80

90

100

110

120

130

140

Perc

enta

ge

Brazil 22.21%

US 5.2%

China 0%

India -1.08%

Germany -2.05%

Europe -2.05%

UK -3.28%

Japan -35.15%Source: Bloomberg

Currency Pair

USD/INR1

EUR/INR1

GBP/INR1

JPY/INR1

USD/GBP2

Currency Pair

USD/JPY2

USD/EUR2

USD/CNY2

USD/CAD2

USD/CHF2

01/01/13

54.832

72.4803

89.2254

63.21

0.6155

01/01/13

86.7

0.7575

6.2376

0.9934

0.9155

28/03/13

54.3893

69.5438

82.3209

57.76

0.658

28/03/13

94.22

0.7802

6.2102

1.0174

0.9492

% Change Q-o-Q

-0.8%

-4.1%

-7.7%

-8.6%

6.9%

% Change Q-o-Q

8.7%

3.0%

-0.4%

2.4%

3.7%

Note: • Bloomberg and RBI website • 1RBI Rates, data till 28th March, 2013 • 2Data sourced till 29th March, 2013

Key Parameters

3 MCX Stock Exchange

Indian Market Connect

Slowdown in Indian economy is seen in the context of slowing global economic growth from 3.9 per cent in 2011

to 3.2 per cent in 2012 as quoted in the recent budget by Hon’ble Finanace Minister. Indian economy is likely to

grow between 6.1% to 6.7% in 2013-14 as the downturn is more or less over and the economy is looking up. The

slowdown in the rate of growth of services in 2011-12 at 8.2%, and particularly in 2012-13 to 6.6 percent from the

double-digit growth of the previous six years, contributed signi�cantly to slowdown in the overall growth of the

economy. Government of India is �rmly committed to reduce the �scal de�cit and has also initiated related steps

in the Budget 2013-14. Monitoring overseas borrowing to limit unhedged FX exposure and increasing dependence

on foreign borrowing would remain a concern. (Ref: Economic Survey 2012-13 and Indian Budget 2013-14)

FII trend for Quarter

Rs. Cr

Month

Jan-13

Feb-13

Mar-13

% Change Q-o-Q

Equity

22059.2

24439.3

9124.3

23%

Debt

2947.1

4001.2

5795.1

29%

Total

25006.3

28440.5

14919.4

22%

Net FII Monthly Investment

DII trend for Quarter

Buy

25966.71

19148.86

19101.35

13%

Sales

43508.33

27967.36

26973.8

30%

Net

-17541.6

-8818.49

-7872.44

83%

IT Sector 21.14%

FMCG Sector 0.05%

Healthcare Sector -1.53%

Oil & Gas Sector -2.25%

Bank Sector -9.14%

PSU Sector -11.64%

Auto Sector -12.53%

Realty Sector -15.67%

Power Sector -17.3%

Metal Sector -20.89%

Indian Sectoral Performance (rebased December 31, 2012=100)

Perc

enta

ge

70.00

80.00

90.00

100.00

110.00

120.00

130.00

2-Ja

n-13

4-Ja

n-13

8-Ja

n-13

10-J

an-1

3

14-J

an-1

3

16-J

an-1

3

18-J

an-1

3

23-J

an-1

3

25-J

an-1

3

29-J

an-1

3

31-J

an-1

3

4-Fe

b-13

6-Fe

b-13

8-Fe

b-13

12-F

eb-1

3

14-F

eb-1

3

19-F

eb-1

3

21-F

eb-1

3

25-F

eb-1

3

27-F

eb-1

3

1-M

ar-1

3

5-M

ar-1

3

7-M

ar-1

3

11-M

ar-1

3

13-M

ar-1

3

15-M

ar-1

3

19-M

ar-1

3

22-M

ar-1

3

28-M

ar-1

3

Indian Debt Market (rebased December 31, 2012=100)

-20

-10

0

10

20

30

40

0

2

4

6

8

10

12

3 Mnths 6 Mnths 1 Yr 5 Yr 10 Yr

% R

etur

ns

Yiel

d (in

Bps

)

GSECGsec Yield (bps)AAA Yield (bps) BBB Yield (bps)

AAA BBB

Source: Bloomberg

Currency Market (rebased December 31, 2012=100)

85

90

95

100

1051-

Jan-

13

4-Ja

n-13

9-Ja

n-13

14-J

an-1

3

17-J

an-1

3

22-J

an-1

3

28-J

an-1

3

31-J

an-1

3

5-Fe

b-13

8-Fe

b-13

13-F

eb-1

3

18-F

eb-1

3

22-F

eb-1

3

27-F

eb-1

3

4-M

ar-1

3

7-M

ar-1

3

12-M

ar-1

3

15-M

ar-1

3

20-M

ar-1

3

25-M

ar-1

3

USDINR -0.71%GBPINR -6.99%

EURINR -3.76%JPYINR -9.27% Source: Bloomberg

Rs. Cr

Month

Jan-13

Feb-13

Mar-13

% Change Q-o-Q

Net DII Monthly Investment

Source: SEBI Source: Exchange Websites

Source: Bloomberg

J A N U A R Y — M A R C H 2 0 1 3

4www.mcx-sx.com

Turn

over

in R

s Cro

re

Oen

Inte

rest

in L

ots

MCX-SX Turnover (in Rs. Cr.) MCX-SX Open Interest (in lots)

0

5,000

10,000

15,000

20,000

25,000

30,000

1-Jan-13 8-Jan-13 15-Jan-13 22-Jan-13 29-Jan-13 5-Feb-13 12-Feb-13 19-Feb-13 26-Feb-13 5-Mar-13 12-Mar-13 19-Mar-13 26-Mar-13

0

500,000

1,000,000

1,500,000

2,000,000

2,500,000

Exchange Arena - Currency Derivatives Segment:

36.15%

59.59%

4.26%0%

10%

20%

30%

40%

50%

60%

70%

MCX-SX NSE USE

Market Share includes only Currency Futures & Options ( Jan-March, 2013) Geographical spread on the basis of Members’ registred address

Market Share Geographical Spread

Others 26.67% Mumbai 34.01%

Ahmedabad 4.14%

Chennai 3.51%

Kolkata 16.68% Delhi 14.98%

The Rupee appreciated against the Dollar, with the close price of USDINR for January 2013 moving from `55.0225 to `54.6725 during the period, experiencing a high of ` 55.47 and a low of `53.335

The Rupee appreciated against the EURO, with the close price of EURINR for January 2013 moving from `72.7175 to `70.0275 during the period, experiencing a high of `73.045 and a low of `70.0275

The Rupee appreciated against the Japanese Yen, with the close price of JPYINR for January 2013 moving from `63.67 to `58.0425 during the period, experiencing a high of `63.67 and a low of `56.4625

The Rupee appreciated against the British Pound, with the close price of GBPINR for January 2013 moving from `89.2825 to `82.7375 during the period, experiencing a high of `89.2825 and a low of `80.9175

Currency movement - USDINR & EURINR Currency movement - GBPINR & JPYINR

52.00

52.50

53.00

53.50

54.00

54.50

55.00

55.50

56.00

68.50

69.00

69.50

70.00

70.50

71.00

71.50

72.00

72.50

73.00

73.50

1-Ja

n

8-Ja

n

15-J

an

22-J

an

29-J

an

5-Fe

b

12-F

eb

19-F

eb

26-F

eb

5-M

ar

12-M

ar

19-M

ar

26-M

ar

EURINR -3.7 % USDINR -0.64 %

27-M

ar

52.00

54.00

56.00

58.00

60.00

62.00

64.00

66.00

1-Ja

n

6-Ja

n

11-J

an

16-J

an

21-J

an

26-J

an

31-J

an

5-Fe

b

10-F

eb

15-F

eb

20-F

eb

25-F

eb

2-M

ar

7-M

ar

12-M

ar

17-M

ar

22-M

ar

GBPINR -7.33 % JPYINR -8.84 %

76.00

78.00

80.00

82.00

84.00

86.00

88.00

90.00

Source: BloombergSource: Bloomberg

J A N U A R Y — M A R C H 2 0 1 3

6www.mcx-sx.com5 MCX Stock Exchange

Exchange Arena

What is SX40?

SX40 is the �agship Index of MCX-SX. A

free �oat based index of 40 large cap -

liquid stocks representing diversi�ed

sectors of the economy. SX40 is designed

to measure the economic performance

with better representation of various

industries and sectors based on ICB®,

leading global Industry Classi�cation

system from FTSE. The Index is devised to

o�er cost-e�ective support for

investment and structured products

such as index futures and option, index

portfolio, exchange traded funds, Index

funds, etc.

A security whose price is dependent upon or derived from one or more underlying assets. The derivative itself is merely a contract between two or more parties. Its value is determined by �uctuations in the underlying asset. There are several di�erent types of equity derivative; including options, warrants, futures, forwards, convertible bonds, and swaps. Each has its advantages, and each is often used in a particular situation. However, Futures & Options are the most common types of Equity derivatives.

On the �rst day of trading i.e 11th Feb, 2013 MCX-SX registered Rs. 11.84 crs of trading. Highest turnover of Rs. 796 cr was registrered on 28th March, 2013. MCX-SX has 143 stocks being traded in the Futures and Option segment. Total volume (in contracts) traded on MCX-SX Equity Futures and Options are 2,75,569 and total value of derivative stocks traded are Rs. 8049.22 crs.

Industry Weights

Industry Weights (%)*Basic MaterialConsumer GoodsConsumer ServicesFinancialsHealthcareIndustrialsOil & GasTechnologyTelecommunicationsUtilities

SX404.70

18.200.70

22.005.10

14.8014.8014.20

2.403.10

Quickfacts

Index Universe: Large Cap companies

No. of Companies: 40

Base Value: 10,000

Index Characteristics

Weight of largest ConstituentTop 10 HoldingIndustry CapReviewMinimum Free FloatIndustry Classi�cationBase Date

9.4%

62.4%20%Semi-Annually10%ICB®31/03/2010

Equity Segment:

500

0

1,000

1,500

2,000

2,500

3,000

100

0

200

300

400

500

600

700

800

900

Turn

over

in R

s Cro

re

Oen

Inte

rest

in L

ots

27-Mar-13

11-Feb-13

13-Feb-13

15-Feb-13

17-Feb-13

19-Feb-13

21-Feb-13

23-Feb-13

25-Feb-13

27-Feb-13

2-Mar-13

1-Mar-13

3-Mar-13

5-Mar-13

7-Mar-13

9-Mar-13

11-Mar-13

13-Mar-13

15-Mar-13

17-Mar-13

19-Mar-13

21-Mar-13

23-Mar-13

25-Mar-13

MCX-SX Turnover (in Rs. Cr.) MCX-SX Open Interest (in lots)

Equity Derivatives Segment:

Parameters(Quarter Jan to March, 2013)

Registered Members (as on 31st March 2013)

Average Daily Turnover (Rs. Crore)

Average Daily Volume - ADV

Equity Cash Segment (ECS)

456

1.01

58090.42

Equity Derivatives Segment (EDS)

457

243.91

8350.57

Currency Derivatives Segment (CDS)

844

15655.99

28347961

Note: • ADV for CDS is no. of lots being traded in Currency DerivativesSegment • ADV for EDS is contracts being traded in Equity Derivatives Segment • ADV for ECS is quantity being traded on the Equity Cash Segment

MCX-SX has commenced trading in equity cash from February 11, 2013 onwards. Total volume i.e traded quantity on MCX-SX platform in the cash segment is 1,916,984 and the total value traded being `33.44 Crore (33 days of operation).

MCX Stock Exchange (MCX-SX) introduced Liquidity Enhancement Scheme (LES) in Equity and Equity Derivatives Segments with e�ect from March 6, 2013. The objective of the Scheme is to invite genuine participation and bene�t all participants across various segments of the market — from smallest of retail investors to largest of institutions — for wholesome development of India’s Capital Market. It provides a level playing �eld to all classes of users to have wider reach and impact. MCX-SX is the �rst national exchange in India to be o�ering incentives for liquidity enhancement in the Equity Cash Market.

95

96

97

98

99

100

101

102

103

104

Inde

x val

ues

SX40 Vs NIFTY & SENSEX January - March 2013 (Rebased)

1-Ja

n-13

7-Ja

n-13

11-J

an-1

3

17-J

an-1

3

23-J

an-1

3

29-J

an-1

3

4-Fe

b-13

8-Fe

b-13

14-F

eb-1

3

20-F

eb-1

3

26-F

eb-1

3

4-M

ar-1

3

8-M

ar-1

3

14-M

ar-1

3

20-M

ar-1

3

26-M

ar-1

3

SENSEX

SX40

NIFTY

MCX-SX has commenced trading in Equity Cash and Equity Derivatives Segment from 11th February, 2013

95

96

97

98

99

100

101

102

103

104

Inde

x val

ues

SX40 Vs NIFTY & SENSEX January - March 2013 (Rebased)

1-Ja

n-13

7-Ja

n-13

11-J

an-1

3

17-J

an-1

3

23-J

an-1

3

29-J

an-1

3

4-Fe

b-13

8-Fe

b-13

14-F

eb-1

3

20-F

eb-1

3

26-F

eb-1

3

4-M

ar-1

3

8-M

ar-1

3

14-M

ar-1

3

20-M

ar-1

3

26-M

ar-1

3

SENSEX

SX40

NIFTY

MCX-SX has commenced trading in Equity Cash and Equity Derivatives Segment from 11th February, 2013

7 MCX Stock Exchange

Global Regulatory & Market Development

International Organisation of Securities Commissions

• Regulatory Issues Raised by Changes in Market Structure, dated March 21, 2013

• IOSCO Publishes the Responses to Financial Benchmark Consultation, dated March 11, 2013

• Publishes Principals of Liquidity Risk Management for CIS, dated March 4, 2013

• Publishes Report on Investor Education Initiatives , dated February 25, 2013

• Basel Committee and IOSCO Issue near final proposal on Margin Requirements for Non Centrally Cleared Derivatives, dated on February 16, 2013

• Publishes Recommendations regarding the Protection of Client Assets, dated February 8, 2013

• Suitability requirements for Distribution of Complex Financial Products, dated January 21, 2013

• Consultation Report on Financial Benchmarks, dated January 11, 2013

US Securities and Exchange Commission

• SEC Announces Agenda for Fixed Income Roundtable , dated March 28, 2013

• SEC Issues Guidance Update on Social Media Filings by Investment Companies , March 15, 2013

• SEC Proposes Rules to Improve Systems Compliance and Integrity , dated March 7, 2013

• SEC Issues Risk Alert and Investor Bulletin on Investment Adviser Custody Rule, dated March 4, 2013

Organisation for Economic Co-operation and Development

Global economic activity is picking up, but the continuing crisis in the euro area is delaying a meaningful recovery, the OECD said in its latest Interim Economic Assessment - Global economy is improving but Europe lags behind, dated March 28, 2013

HKEx to Introduce After Hours Futures Trading in April, dated March 15, 2013

Hong Kong Exchanges and Clearing Limited (HKEx) announced that it received regulatory approval for rule changes that will enable it to o�er After-Hours Futures Trading (AHFT) and it plans to introduce AHFT on April 8, 2013.

EU Commission Sets Out Details of FTT under Enhanced Cooperation, dated February 14, 2013

The European Commission (EC) set out the details of the Financial Transaction Tax (FTT) to be implemented under enhanced cooperation. As requested by the 11 Member States that will proceed with this tax, the proposed Directive mirrors the scope and objectives of the original FTT proposal put forward by the Commission in September 2011.

IMF Publishes Working Paper on Capital Requirements for OTC Derivatives Central Counterparties, dated January 8, 2013

Employing methodologies similar to the calculation of banks’ capital requirements against trading book exposures, the paper assesses the sensitivity of central counterparties’ required risk bu�ers, or capital requirements, to a range of model inputs.

J A N U A R Y — M A R C H 2 0 1 3

8www.mcx-sx.com

Indian Regulatory & Market Developments

Reserve Bank of India• Guidelines on Implementation of Basel III Capital Regulations in India – Clari�cations, dated March 28, 2013. Ref - RBI/2012-2013/460

• Maintenance of Collateral by Foreign Institutional Investors (FIIs) for transactions in the cash and F & O segments, dated March 14, 2013. Ref - RBI/2012-2013/439

• Reporting Platform for OTC Foreign Exchange and Interest Rate Derivatives, dated March 13, 2013 Ref - RBI/2012-2013/438

• External Commercial Borrowings (ECB) Policy – Corporates under Investigation, dated March 5, 2013 Ref- RBI/2012-2013/429

• Permission to standalone PDs for membership in SEBI approved Stock Exchanges for trading in corporate bonds, dated February 6, 2013 Ref-RBI/2012-2013/412

• Measures to enhance the role of standalone Primary Dealers in Corporate Bond Market, dated January 30, 2013 Ref-RBI/2012-2013/405• 3rd Quarter Review of Monetory Policy, dated January 29, 2013

• Foreign investment in India by SEBI registered FIIs in Government securities and corporate debt, dated January 24, 2013 Ref- RBI/2012-2013/391

• Foreign Direct Investment (FDI) in India - Issue of equity shares under the FDI scheme allowed under the Government route, dated January 10, 2013 Ref- RBI/2012-2013/375

Securities and Exchange Board of India• Corporate bonds and Government securities as collateral, dated March 20, 2013 Ref- CIR/MRD/DRMNP/9/2013

• Arbitration Mechanism through Stock Exchanges - Introduction of Automatic Process and Common Pool of arbitrators, dated March 18, 2013 Ref- CIR/MRD/ICC/ 8 /2013

• Guidelines for Enabling Partial Two-Way Fungibility of Indian Depository Receipts (IDRs), dated March 1, 2013 Ref-CIR/CFD/DIL/6/2013

• Liquidity Enhancement Schemes for Illiquid Securities in Equity Cash market,dated February 8, 2013 Ref- CIR/MRD/DP/05/2013

• Increase in FII debt limit for Government and Corporate Debt category, dated February 8, 2013 Ref-CIR/IMD/FIIC/3/2013

• Time Period for initial offering and allotment of units of Mutual Fund Scheme eligible under Rajiv Gandhi Equity Savings Scheme, 2012 (RGESS), dated February 6, 2013 Ref- CIR/ IMD/ DF/02/2013

• Scheme of Arrangement under the Companies Act 1956 - Revised requirements for the Stock Exchanges and Listed Companies, dated February 4, 2013 Ref-CIR/CFD/DIL/5/2013

• Comprehensive guidelines on Offer For Sale (OFS) of Shares by Promoters through the Stock Exchange Mechanism, dated January 25, 2013 Ref- CIR/MRD/DP/04/2013

• Guidelines for providing dedicated Debt Segment on Stock Exchanges , dated January 24, 2013 Ref-CIR/MRD/DP/03/2013

• Amendments to SEBI (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999 and Equity Listing Agreement,dated January 17, 2013 Ref- CIR/CFD/DIL/3/2013

• Clarification on Clause 36 of the Equity Listing Agreement ,dated January 3, 2013 Ref- CIR/CFD/DIL/2/2013

• Application Supported by Blocked Amount (ASBA) facility in public/ rights issue, dated January 2, 2013 Ref-CIR/CFD/DIL/1/2013

• Debt Allocation Mechanism for FII, dated January 1, 2013 Ref- CIR/IMD/FIIC/1/2013

9 MCX Stock Exchange

Key Exchange Initiatives

MCX-SX Equity & Equity Derivatives segment launched by Hon’ble Union Finance Minister Shri. P Chidambaram

The Equity and Equity Derivatives segment of MCX Stock Exchange (MCX-SX) was inaugurated by Hon’ble Union

Finance Minister Shri. P Chidambaram in Mumbai on February 9, 2013 with traditional sounding of the gong and

�rst symbolic trade. The �agship index of MCX-SX – “SX40” – was also launched by Shri. Chidambaram. Shri. U K

Sinha, Chairman, Securities and Exchange Board of India (SEBI) and Dr. Arvind Mayaram, Secretary - Dept. of

Economic A�airs, Ministry of Finance, Govt. of India, were guests of honour on the occasion. Luminaries from the

Government, Regulators various industry sectors, �nancial fraternity and media were also present to witness this

historic moment in India’s Capital Market.

Equity and Equity Derivatives segment on MCX-SX goes live

Live trading in Equity and Equity Derivatives segment of MCX Stock Exchange (MCX-SX) commenced from

February 11, 2013. MCX-SX started with 1116 companies admitted for trading under "Permitted to Trade" in its

Capital Market Segment.

MCX-SX announces “investor friendly” Liquidity Enhancement Scheme

MCX Stock Exchange (MCX-SX) has introduced Liquidity Enhancement Scheme (LES) in Equity and Equity

Derivatives Segments. In order to develop the markets at the fundamental level, the Liquidity Enhancement

Scheme has been structured to reach out to real investors and users so that the investors and members have the

bene�t of sustained and genuine liquidity. MCX-SX is the �rst national exchange in India to be o�ering incentives

for liquidity enhancement in the Equity Cash Market. The Scheme ensures that the cost compensation is made for

most of the identi�ed costs and to such an extent that the member has an incentive to trade and for creating

liquidity for genuine users and there is no incentive for any incorrect usage of the scheme.

J A N U A R Y — M A R C H 2 0 1 3

10www.mcx-sx.com

Exchange Highlights

Upcoming Events

22 April 2013Thomson Reuters: Reuters Global FX Summit 2013, Mumbai

26 April 2013FIA Asia: Third Annual Futures Seminar, Mumbai

8 May 201330th IOMA: The WFE Derivatives Conference, Busan, Korea

2-5 June 201318th Annual Global Equity Markets Seminar, Stockholm

Past Events

Shri. P Chidambaram (centre), Hon’ble Union Finance Minister, inaugurates the Equity and Equity Derivatives segment of MCX-SX by traditional sounding of the gong on February 9, 2013 as Mr. Ashok Jha (extreme left), Chairman and Mr. Jignesh Shah, Vice-chairman, of MCX-SX applaud.

(From left): Mr. Sanjit Prasad, Director Business Development, MCX-SX; Mr. Akhilesh Kumar Singh, Managing Director, Shriram Insight Share Brokers; Mr. Joseph Massey, MD and CEO, MCX-SX and Mr. Jignesh Shah, Vice-Chairman, MCX-SX at the seminar on Feb 26, 2013. MCX-SX also organized Seminars on the Liquidity Enhance Scheme in Delhi (Feb 27), Ahmedabad (Feb 8) and Mumbai (March 2). The Scheme was launched from March 6, 2013.

MCX-SX: Inauguration of Equity & Equity Derivatives segment, Mumbai MCX-SX: Announcement of Liquidity Enhancement Scheme, Kolkata

(From left): Mr. Meyer S. Frucher, Vice-Chairman, The NASDAQ OMX Group; Mr. U Venkataraman, CEO – Currency Derivatives segment and whole time Director, MCX-SX; Mr. Ashishkumar Chauhan, MD & CEO, BSE Ltd and Mr. Edward Mangles, Regional Director, Asia Paci�c, FIX Protocol Limited and Director, Global Trading at a panel discussion at the conference on March 5, 2013.

Mr. Sachin Pilot, Hon’ble Minister of Corporate A�airs presenting the CFO of the year award to Mr. R Shankar Raman, CFO of L&T as Mr. AM Naik (extreme left), Chairman of L&T and Mr. Joseph Massey (second right) look on at the Awards function held on March 15, 2013.

FIX Protocol: India FIX Conference 2013, Mumbai CNBC: CFO Awards 2012-13, Mumbai

www.mcx-sx.com

J A N U A R Y — M A R C H 2 0 1 3

Economic Calendar – India

Source: Bloomberg as referred on April 2, 2013

Date

01 April 2013

03 April 2013

08-12 April 2013

09-15 April 2013

09-15 April 2013

11-12 April 2013

12 April 2013

15 April 2013

01 May 2013

03 May 2013

03 May 2013

03 May 2013

03 May 2013

03 May 2013

09-15 May 2013

09-15 May 2013

10 May 2013

12-13 May 2013

14 May 2013

26-31 May 2013

30-31 May 2013

31 May 2013

31 May 2013

31 May 2013

3 June 2013

05 June 2013

09-17 June 2013

09-17 June 2013

09-12 June 2013

10-14 June 2013

11-12 June 2013

12 June 2013

14 June 2013

28 June 2013

30 June 2013

Day

Monday

Wednesday

Monday-Friday

Tuesday-Monday

Tuesday-Monday

Thursday-Friday

Friday

Monday

Wednesday

Friday

Friday

Friday

Friday

Friday

Thursday-Wednesday

Thursday-Wednesday

Friday

Sunday-Monday

Tuesday

Sunday-Friday

Thursday-Friday

Friday

Friday

Friday

Monday

Wednesday

Sunday-Monday

Sunday-Monday

Sunday-Wednesday

Monday-Friday

Tuesday-Wednesday

Wednesday

Friday

Friday

Sunday

Event

HSBC-Markit Manufacturing PMI

HSBC-Markit Services PMI

India Local Car Sales

Imports Y-o-Y%

Exports Y-o-Y%

CPI (Y-o-Y)

Industrial Production Y-o-Y

Monthly Wholesale Prices Y-o-Y%

HSBC-Markit Manufacturing PMI

HSBC-Markit Services PMI

Cash Reserve Ratio

India REPO Cuto� Yld

Reverse Repo Rate

Monetary Policy Statement 2013-14

Imports Y-o-Y%

Exports Y-o-Y%

Industrial Production Y-o-Y

CPI (Y-o-Y)

Monthly Wholesale Prices Y-o-Y%

Eight Infrastructure Industries

Fiscal De�cit INR Crore

Qtrly GDP Y-o-Y%

Annual GDP Govt. Estimate Y-o-Y%

Fiscal De�cit INR Crore

HSBC-Markit Manufacturing PMI

HSBC-Markit Services PMI

Imports Y-o-Y%

Exports Y-o-Y%

India Local Car Sales

India Manpower Survey

CPI (Y-o-Y)

Industrial Production Y-o-Y

Monthly Wholesale Prices Y-o-Y%

Current Account Balance

Fiscal De�cit INR Crore

Economic Calendar – May

J A N U A R Y — M A R C H 2 0 1 3

1 2 3

6 7 8 9 10

13 14 15 16 17

20 21 22 23 24

27 28 29 30 31

Monday Tuesday Wednesday Thursday Friday

US : ADP Employment Report

US : ISM Mfg IndexUS : EIA Petroleum Status

Report

US : Export SalesUS : International TradeUS : Bloomberg Consumer

Comfort IndexUS : EIA Natural Gas Report

US : Fed Balance SheetUS : Money SupplyUS : Employment SituationUS : ISM Non-Mfg Index

US : Consumer CreditUS : EIA Petroleum Status

Report

US : ICSC-Goldman Store Sales

US : Redbook

EMU : Retail SalesUS : Export Inspections

US : Export SalesUS : Bloomberg Consumer

Comfort IndexUS : EIA Natural Gas Report

US : Fed Balance SheetUS : Money SupplyUS : USDA Supply/Demand

EMU : GDP FlashUS : Industrial ProductionUS : EIA Petroleum Status

Report

US : ICSC-Goldman Store Sales

US : Import & Export PricesUS : Redbook

US : Retail SalesUS : Business InventoriesUS : Export Inspections

US : Consumer Price IndexUS : Export SalesUS : Bloomberg Consumer

Comfort IndexUS : EIA Natural Gas Report

US : Fed Balance SheetUS : Money Supply

US : EIA Petroleum Status Report

US : ICSC-Goldman Store Sales

US : Redbook

US : Export Inspections US : Export SalesUS : Bloomberg Consumer

Comfort IndexUS : EIA Natural Gas Report

US : Fed Balance SheetUS : Money Supply

US : ICSC-Goldman Store Sales

US : Redbook

US : Consumer Con�denceUS : Export Inspections

JP : BoJ MPB Minutes US : GDPUS : EIA Natural Gas and

Status Report

US : Fed Balance SheetUS : Money SupplyUS : Export Sales

Economic Calendar – April

J A N U A R Y — M A R C H 2 0 1 3

1 2 3 4 5

8 9 10 11 12

15 16 17 18 19

22 23 24 25 26

29 30

Monday Tuesday Wednesday Thursday Friday

EMU : GDPUS : ISM Non-Mfg IndexUS : EIA Petroleum Status

Report

US : ISM Mfg IndexUS : Export Inspections

EMU : PMI Manufacturing Index

EMU : Unemployment RateUS : Redbook

EMU : PMI CompositeEMU : ECB AnnouncementUS : EIA Natural Gas

Report

US : Fed Balance SheetUS : Money SupplyUS : International Trade

US : EIA Petroleum Status Report

US : USDA Supply/Demand

US : NFIB Small Business Optimism Index

US : ICSC-Goldman Store Sales

US : Redbook

US : Export Inspections US : FOMC MinutesUS : Export SalesUS : Import & Export PricesUS : EIA Natural Gas Report

US : Fed Balance SheetUS : Money SupplyUS : Producer Price Index

US : EIA Petroleum Status Report

EMU : HICPUS : ICSC-Goldman Store

SalesUS : Industrial Production

EMU : Merchandise TradeUS : Treasury International

CapitalUS : Export Inspections

US : Beige BookUS : Leading IndicatorsUS : EIA Natural Gas Report

US : Fed Balance SheetUS : Money Supply

US : EIA Petroleum Status Report

US : ICSC-Goldman Store Sales

US : RedbookUS : FHFA House Price

Index

US : Chicago Fed National Activity Index

US : Export Inspections

US : Export SalesUS : EIA Natural Gas Report

US : Fed Balance SheetUS : Money SupplyUS : GDP

US : FOMC Meeting BeginsUS : RedbookUS : Consumer Con�dence

EMU : EC Economic Sentiment

US : Export Inspections

Head O�ceExchange Square, Suren Road, Chakala, Andheri (E), Mumbai - 7400 093. T: +91-22-6731 9000 | F: +91-22-6731 9004 | E: communications@mcx-sx.com Mr. Arvind Sharma - M: +91-99302 68748

Ahmedabad: 401, Sakar-1, Nr. Gandhigram Railway Station, Opp Nehru Bridge, Ashram Road, Ahmedabad - 380 009. T: +91-79- 6661 5888, Mr. Jay Deliwala - M: +91-99241 23996.

Bangalore: No. 206, 2nd Floor, Money Chambers, No: 6, K H Road, Bangalore – 560 027. T: +91-80-3296 2066, F: +91-80-4167 3707, Mr. Rohankumar Kulkarni - M: +91-99164 62299.

Chennai: Flat No. 1A & B, 1st Floor, Doshi Towers, EVR Salai, Kilpauk, Chennai – 600 010. T: +91-44-4395 0850, F: +91-44-4395 0899, Mr. M Aravind - M: +91-91766 86200.

Hyderabad: Flat No. 201, Meridian Plaza, Beside Lal Bungalow, Ameerpet, Hyderabad - 500 016 Tele/F: +91-40-4007 5037, Mr. Ramesh Varakhedkar - M: +91-96427 04619.

Indore: 403, Corporate House, A Wing, Near DAW University, RNT Marg, Indore (MP) – 452 001. T: +91-731-3206 669, F: +91-731-2524 206, Mr. Aditya Chopra - M: +91-9981157676.

Jaipur: 212 Shekhawati Comp, 2nd Floor, Station Road, Jaipur - 302 001. T: +91-141-4011 930, F: +91-141-4011 930, Mr. Ravi Bhattar - M: +91-97993 54321.

Kolkata: BNCCI House, 3rd Floor, 23, Sir R N Mukherjee Road, Kolkata - 700 001. T: +91-33-2231 7253/54, F: +91-33-2231 7254, Mr. Arindam Saha - M: +91-90514 98807.

Kanpur: NBHC Ltd, 1st �oor, 7/43, D-2, Tilak Nagar, Near State Bank of India, Kanpur - 208 002. T: +91-512-2533 079, Mr. Sanjeev Kumar - M: +91-99354 84871.

Ludhiana: 501, LSE Building, Feroze Gandhi Market, Ludhiana - 141 001. T: +91-161-3206 872, Mr. Pritpal Singh - M: +91- 98884 06364

New Delhi: Mercantile House, 404-407, 4th Floor, K.G. Marg, Connaught Place, New Delhi - 110 001. T: +91-11-4300 3000, F: +91-11-4300 3030, Mr. K S Mahesh - M: +91-96541 25166.

Disclaimer: This newsletter is meant for information purposes only and does not constitute any opinion or guidelines or recommendation on any course of action to be followed by the reader(s). It is not intended to be used as trading advice by anybody and should not in any way be treated as a recommendation to trade. The information contained in this newsletter does not constitute or form part of and should not be construed as, any o�er for purchase or sale of any foreign currency or their derivatives. While the information in the newsletter has been compiled from sources believed to be reliable and in good faith, readers may note that the contents thereof including text, graphics, links or other items are provided without warranties of any kind. MCX Stock Exchange Ltd (MCX-SX) expressly disclaims any warranty as to the accuracy, correctness, reliability, timeliness, merchantability or �tness for any particular purpose, of this newsletter. MCX-SX shall also not be liable for any damage or loss of any kind, howsoever caused as a result (direct or indirect) of the use of the information or data contained in this newsletter. Any alteration, transmission, photocopied distribution in part or in

whole or reproduction of any form of this newsletter or any part thereof without prior consent of MCX-SX is prohibited.

An Initiative by MCX Stock Exchange Research & Product Development and Communications Teams

J A N U A R Y — M A R C H 2 0 1 3

MCX-SX O�ces

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