Derivatives Update

April 2006

NSE
Leadership through change
 INDEX OF DERIVATIVES UPDATE

1. OVERVIEW OF THE F&O SEGMENT – NOVEMBER 2005 TO APRIL 2006

1.1 Comparison of the NIFTY Contract, NIFTY Index & Daily Traded value 3
1.2 Records Achieved 4
1.3 Month wise Basic Statistics 4
1.4 Month wise Product wise Traded Value Analysis 6
1.5 Institutional, Retail & Proprietary Investors – Turnover Analysis 7
1.6 Summary of Members’ Trading Activity 7
1.7 Value wise contribution of the Top Members 8
1.8 Comparative analysis of the Traded Value in the F&O and Cash Segments 9
1.9 Month wise Product wise Basic Statistics 10
1.10 Comparative Analysis – World Exchanges (March 2006) 11

2. FUTURES SEGMENT (APRIL 2006)

2.1 Top 5 Traded Symbols 11

2.2 Top 5 most active futures contracts 12
2.3 Top 5 Symbols by Open Interest as on expiry (April 27, 2006) 12
2.4 Cost of Carry (in percentage) for Near Month Contracts 13

3. OPTIONS SEGMENT (APRIL 2006)

3.1 Top 5 Traded Symbols 14

3.2 Top 5 most active options contracts 14
3.3 Options Exercises – Analysis 14
3.4 Top 5 Symbols by Open Interest as on expiry (April 27, 2006) 15
3.5 Put Call Ratios 16

4. ADDITION, REMOVAL & QUARTER SIGMA VALUES 18

1. Overview of the F&O Segment – November 2005 to April 2006

1.1 Comparison of the close prices of the NIFTY Near Month Futures Contract (F&O
Segment) with the underlying movement of the NIFTY Index (Cash Segment), along
with the Daily Traded value of the F&O Segment:

Traded Value F&O segment(Rs in crores) Near Month Futures Close Price NIFTY Cash Segment movement

3750.00

3650.00 80000

3550.00

F & O T ra d e d v a lu e (R s . in c ro re s )
3450.00 70000

3350.00

3250.00 60000
C lo s e P ric e s (R s .)

3150.00

3050.00 50000

2950.00

2850.00 40000

2750.00

2650.00 30000

2550.00

2450.00 20000

2350.00

2250.00 10000

2150.00

2050.00 0
1 -N o v -2 0 0 5
1 0 -N o v -2 0 0 5
1 8 -N o v -2 0 0 5
2 5 -N o v -2 0 0 5

5 -J a n -2 0 0 6
1 3 -J a n -2 0 0 6
2 0 -J a n -2 0 0 6
3 0 -J a n -2 0 0 6
1 -D e c -2 0 0 5
8 -D e c -2 0 0 5
1 5 -D e c -2 0 0 5
2 2 -D e c -2 0 0 5
2 9 -D e c -2 0 0 5

6 -F e b -2 0 0 6
1 4 -F e b -2 0 0 6
2 1 -F e b -2 0 0 6
2 8 -F e b -2 0 0 6
7 -M a r-0 6
1 4 -M a r-0 6
2 2 -M a r-0 6
2 9 -M a r-0 6
5 -A p r-0 6
1 7 -A p r-0 6
2 4 -A p r-0 6
2 9 -A p r-0 6

Date

Note – BCP Live Trading – November 26, 2005 & April 29, 2006
Muhurat trading on November 01, 2005

F & O SEGMENT Page 3 of 21 Derivatives Update April 2006

 1.2 Records Achieved in the F&O Segment:
Traded Value
Product (Rs. in crores) Date
Index Futures 18,523 26-Apr-06
Stock Futures 38,839 27-Apr-06
Index Options 4529 13-Apr-06
Stock Options 2,306 17-Jan-06
Interest Rate Futures 140 24-Jun-03
Total F&O Traded Value 60,434 27-Apr-06
Open Interest on Contract
Expiry (number of contracts) 15,38,912 30-Mar-06

1.3 Monthwise Basic Statistics of the F&O Segment:

Particulars Nov 2005 Dec 2005 Jan 2006 Feb 2006 Mar 2006 Apr 2006
Traded Value (Rs in crores)
Total 3,95,853 5,23,807 4,87,584 4,92,672 7,34,849 7,37,839
Daily Average 19,793 23,809 24,379 25,930 33,402 40,991
Number of Contracts
Total 1,30,55,656 1,61,81,118 1,46,81,719 140,98,382 1,87,90,218 1,78,18,153

Daily Average 6,52,783 7,35,505 7,34,086 7,42,020 8,54,101 9,89,897

Open Interest (Rs in crores)

End of day
averages 25,377 31,376 32,082 37,377 46,959 48,852
% of Open
interest to 128 132 132 144 141 119
Daily Average
Traded value

It may be observed from the above table that during April 2006 average daily figures for
volumes & contracts traded have increased compared to the previous months. The ratio of
average open interest to average traded value has decreased from 141 % in March 2006 to
119 % in April 2006.

F & O SEGMENT Page 4 of 21 Derivatives Update April 2006

Following is the graphical representation of the above data w.r.t. the Daily Average of Traded Value
& Number of Contracts, and Open Interest.

Daily Average number of contracts Daily Average Traded Value Open interest - end of day averages

51000 1050000

1000000
46000 950000

900000
D a ily A v g . T r a d e d V a lu e & O p e n In t e r s t ( R s . in c r o r e s )

41000 850000

800000

D a ily A v g . n u m b e r o f c o n t r a c t s
36000
750000

700000
31000
650000

600000
26000
550000

500000
21000
450000

16000 400000

350000

11000 300000

250000

6000 200000
Nov-05 Dec-05 Jan-06 Feb-06 Mar-06 Apr-06
Month

F & O SEGMENT Page 5 of 21 Derivatives Update April 2006

1.4 Month wise Product wise Traded Value Analysis:
A graphical representation of the month wise product wise turnover in the F&O Segment for the
period November 2005 to April 2006 is as below:

Monthly Productw ise Traded Value (Rs. in crores)

Stock Futures Index Futures Stock Options Index Options

100%
31,073 42,987 38,521 32,331 47,097 52,421
15,268 22,466 20,625
90% 12,777 17,244 17,893

80%
192,035 204,238
156,359
135,478 183,293 166,127
70%

60%
Percentage

50%

40%

473,251 460,554
30% 288,715
216,526 280,283 265,042

20%

10%

0%
Nov-05 Dec-05 Jan-06 Feb-06 Mar-06 Apr-06
Month

It may be observed that proportion of Index products has increased in this month as compared
to Stock products from 33 % in March 2006 to 35% in April 2006.

F & O SEGMENT Page 6 of 21 Derivatives Update April 2006

 1.5 Institutional, Retail & Proprietary Investors – Turnover Analysis:
No Month Institutional investors Retail Proprietary
Gross Percen Gross Percenta Gross Percentage
Traded tage Traded ge Traded Contribution
Value Contri Value Contribu Value
(Rs in bution (Rs in tion (Rs in
crores) crores) crores)
1 Nov 05 56,340 7.12 4,92,086 62.15 2,43,280 30.73
2 Dec 05 65,786 6.28 6,55,110 62.53 3,26,719 31.19
3 Jan 06 74,215 7.61 6,16,350 63.20 2,84,603 29.19
4 Feb 06 82,388 8.36 6,24,122 63.34 2,78,835 28.30
5 Mar 06 1,03,635 7.05 9,71,171 66.15 3,93,892 26.80
6 Apr 06 1,20,354 8.16 9,15,031 62.01 4,40,293 29.84

It may be observed that the contribution of Institutional trades & Proprietary trades has increased in
April 2006.

1.6 Summary of Members’ Trading Activity:

1.6.1 Total Turnover (F&O Segment)
Number of Members
Month Nov 05 Dec 05 Jan 06 Feb 06 Mar 06 Apr 06
Upto Rs. 10 crores 26 24 24 29 24 23
Rs. 10 crores upto Rs. 50 crores 90 68 73 72 57 57
Rs. 50 crores upto Rs.250 crores 151 147 165 172 153 156
Rs. 250 crores upto Rs.500 crores 103 100 89 94 90 100
Rs. 500 crores upto Rs.1000 crores 91 103 111 102 98 92
Rs. 1000 crores and more 191 219 205 207 266 269

It may be observed that the maximum number of members is observed to be trading in the category of
‘Rs. 1000 crores and more’.

F & O SEGMENT Page 7 of 21 Derivatives Update April 2006

1.6.2 Total Turnover (Futures sub segment)
Number of Members
Month Nov 05 Dec 05 Jan 06 Feb 06 Mar 06 Apr 06
Upto Rs. 10 crores 26 27 27 31 26 26
Rs.10 crores upto Rs.50 crores 98 71 78 76 60 58
Rs.50 crores upto Rs.250 crores 160 159 173 179 159 165
Rs.250 crores upto Rs.500 crores 100 95 90 94 87 97
Rs.500 crores upto Rs.1000 crores 92 105 106 93 101 96
Rs 1000 crores and more 176 204 193 203 255 255

It may be observed that, the maximum numbers of members have been trading in the category of ‘Rs.
1000 crores and more’.
1.6.3 Total turnover (Options sub segment)
Number of Members
Month Nov 05 Dec 05 Jan 06 Feb 06 Mar 06 Apr 06
Upto Rs. 10 crores 289 266 271 291 276 285
Rs.10 crores upto Rs.50 crores 161 160 160 179 161 159
Rs.50 crores upto Rs.250 crores 135 146 158 139 157 154
Rs.250 crores upto Rs.500 crores 29 39 36 29 45 44
Rs.500 crores upto Rs.1000 crores 21 24 18 19 18 25
Rs 1000 crores and more 17 26 24 19 31 30

The maximum number of members is observed to be trading in the category of ‘Upto Rs. 10
crores’.

1.7 Value wise contribution of the Top Members:

1.7.1 Futures sub segment

Percentage contribution to sub-segment turnover
Month Nov 05 Dec 05 Jan 06 Feb 06 Mar 06 Apr 06
Top 5 Members 12 12 12 14 13 14
Top 10 Members 20 20 20 22 21 22
Top 15 Members 27 26 26 29 27 28
Top 25 Members 37 36 36 39 36 38

It may be observed that, there has been no significant change in the contribution pattern.

F & O SEGMENT Page 8 of 21 Derivatives Update April 2006

1.7.2 Options sub-segment
Percentage contribution to sub-segment turnover
Month Nov 05 Dec 05 Jan 06 Feb 06 Mar 06 Apr 06
Top 5 Members 24 24 25 26 24 25
Top 10 Members 37 38 38 41 38 40
Top 15 Members 45 45 47 51 47 48
Top 25 Members 56 56 57 63 58 59

It may be observed that, there has been no significant change in the contribution pattern.

1.8 Comparative analysis of the Traded Value in the F&O Segment with the Cash Segment:
Cash Segment F&O Segment

800000
(Rs. in crores)

700000
Turnover

600000

737839
734849 500000

400000
492672
523807 487584
300000

395853
200000

209395 177372
100000
F&O Segment
135374
149442
0
149908
Apr-06
Mar-06

109578
Cash Segment
Feb-06
Jan-06
Dec-05
Nov-05

Month

It may be observed that, the ratio of Futures & Options segment to Cash segment was more
than 4 times for the first time since F&O segment has commenced.

F & O SEGMENT Page 9 of 21 Derivatives Update April 2006

1.9 Monthwise Productwise Basic Statistics:

Category Product Nov-05 Dec-05 Jan-06 Feb-06 Mar-06 Apr-06 % %

change change
from from
Nov-05 Mar 06
to Apr- to Apr
06 06
Traded Value (Rs in crores)
Total Stock Futures 216526 280283 265042 288715 473251 460554 112.70 -2.68
Index Futures 135478 183293 166127 156359 192035 204238 50.75 6.35
Stock Options 12777 17244 17893 15268 22466 20625 61.42 -8.19
Index Options 31073 42987 38521 32331 47097 52421 68.70 11.30

Daily Stock Futures 10826 12740 13252 15196 21511 25586 136.34 18.94
Average Index Futures 6774 8332 8306 8229 8729 11347 67.51 29.99
Stock Options 639 784 895 804 1021 1146 79.34 12.24
Index Options 1554 1954 1926 1702 2141 2912 87.39 36.01
Number of Contracts
Total Stock Futures 6252736 7571377 7134199 7443178 10844400 10021529 60.27 -7.59
Index Futures 5238175 6613032 5760999 5186835 5952206 5847035 11.62 -1.77
Stock Options 364188 456529 456055 401973 537261 460485 26.44 -14.29
Index Options 1200557 1540180 1330466 1066396 1456351 1489104 24.03 2.25

Daily Stock Futures 312637 344154 356710 391746 492927 556752 78.08 12.95
Average Index Futures 261909 300592 288050 272991 270555 324835 24.03 20.06
Stock Options 18209 20751 22803 21156 24421 25583 40.50 4.76
Index Options 60028 70008 66523 56126 66198 82728 37.82 24.97
Open Interest (end of respective expiry day)
Value in Stock Futures 14499 17587 19747 23028 29005 32917 127.03 13.49
Rs. Crore Index Futures 7107 7834 9467 9573 12160 11113 56.37 -8.61
Stock Options 2523 3307 2649 3155 3842 4198 66.39 9.27
Index Options 6816 7664 6513 7766 11818 8899 30.56 -24.70

Number of Stock Futures 467788 537012 598009 655920 7,39,074 790568 69.00 6.97
contracts Index Futures 267705 277347 321692 311974 3,56,942 316482 18.22 -11.34
Stock Options 76810 94213 80331 88667 97,234 98721 28.53 1.53
Index Options 258666 271578 221492 253618 3,45,662 253681 -1.93 -26.61
Number of trading Days 20 22 20 19 22 18
*There have been no trades in Interest Rate Futures for the period under consideration.

It may be observed that in April 2006 all the products recorded an impressive growth in daily
average volume and contracts traded. Open interest increased only for stock products.

F & O SEGMENT Page 10 of 21 Derivatives Update April 2006

1.10 Comparative Analysis – World Exchanges (March 2006)

Product Stock Futures Index Futures Stock Options Index Options

NSE's 1st with 1,08,44,400 4th with 59,52,206 14th with 5,37,261 9th with 14,56,351
Position contracts contracts contracts contracts
Name of Name of Name of Name of
the Number of the Number of the Number of the Number of
Rank Exchange Contracts Exchange Contracts Exchange Contracts Exchange Contracts
Chicago
NSE, Mercantile
1 India 1,08,44,400 Exchange 3,84,85,241 CBOE 3,29,36,647 KSE 196,294,269

2 JSE 62,98,598 Eurex 2,49,74,825 Eurex 2,58,11,335 CBOE 22,108,607

BME
Spanish Euronext. Sao Paulo
3 Exchange 61,27,293 Liffe 69,46,083 SE 2,51,60,555 Eurex 15,423,195

NSE continues to be at number 1 position in the world for number of contracts traded in Stock Futures.
NSE has become the 4th exchange in the world in terms of contracts traded in Index Futures.

2 FUTURES SEGMENT (April 2006)

2.1 Top 5 Traded Symbols

Traded Value (Rs. in crores)

NIFTY, 203226, 31%

OTHERS , 369041,
55%

RELIANCE, 29578, 4%

TATASTEEL, 23517,
4%
SATYAMCOMP,
ACC, 20771, 3%
18659, 3%

F & O SEGMENT Page 11 of 21 Derivatives Update April 2006

2.2 Top 5 most active Futures contracts:
Percentage of
Sr. No. of Traded Value Contracts to Total
No. Contract Descriptor Contracts (Rs. Crores) Contracts
1 NIFTY APRIL 2006 4,645,646 161912 29
2 NIFTY MAY 2006 1,161,746 40697 7
3 TATASTEEEL APRIL 2006 466,545 19022 3
4 RELIANCE APRIL 2006 416,855 22898 3
5 SATYAMCOMP APRIL 2006 314,949 15610 2
OTHERS 8,862,823 404654 56
TOTAL 15,868,564 664793 100.00

2.3 Top 5 Symbols by Open Interest (number of contracts) (on 27 April 2006)

NIFTY; 313977; 28%

OTHERS; 675128; 61%

RELIANCE; 31987; 3%

TATASTEEL; 29348; 3%

INFOSYSTCH; 28993; 3%

MTNL; 27617; 2%

F & O SEGMENT Page 12 of 21 Derivatives Update April 2006

 Cost of carry
C o st o f carry

0.00
20.00
40.00
60.00
80.00
100.00
120.00
140.00
160.00
180.00
200.00
-50.00
0.00
50.00
100.00
150.00
200.00
250.00
300.00
31-Mar-06

31-M ar-06
3-Apr-06

3-A pr-06
4-Apr-06

4-A pr-06
5-Apr-06

F & O SEGMENT
7-Apr-06 5-A pr-06

10-Apr-06 7-A pr-06

12-Apr-06 10-A pr-06

through out the month.

13-Apr-06 12-A pr-06

17-Apr-06

Date
13-A pr-06

18-Apr-06
17-A pr-06

Date
19-Apr-06
18-A pr-06

TATASTEEL Futures Near Month Cost of Carry

20-Apr-06
NIFTY Futures Near Month Cost of Carry

19-A pr-06
21-Apr-06
20-A pr-06
24-Apr-06
21-A pr-06
25-Apr-06
24-A pr-06
26-Apr-06
25-A pr-06
27-Apr-06

26-A pr-06

27-A pr-06

Page 13 of 21
C o st o f c arry
C o s t o f c a rry

0.00
10.00
20.00
30.00
40.00
50.00
60.00
70.00
80.00
90.00
100.00
0.00
50.00
100.00
150.00
200.00
250.00
300.00

3 1 -M a r-2 0 0 6
3 1-M a r-20 06
2.4 Cost of carry (in percentage) for Near Month Contracts

3 -A p r-2 0 0 6
3-A p r-20 06
4 -A p r-2 0 0 6
4-A p r-20 06
5 -A p r-2 0 0 6
5-A p r-20 06
7 -A p r-2 0 0 6
7-A p r-20 06
1 0 -A p r-2 0 0 6

1 0-A p r-20 06
1 2 -A p r-2 0 0 6

1 2-A p r-20 06
1 3 -A p r-2 0 0 6

Date
1 7 -A p r-2 0 0 6 1 3-A p r-20 06

1 8 -A p r-2 0 0 6 1 7-A p r-20 06

Date

1 9 -A p r-2 0 0 6 1 8-A p r-20 06

ACC Futures Near Month Cost of Carry

2 0 -A p r-2 0 0 6
1 9-A p r-20 06
RELIANCE Futures Near Month Cost of Carry

2 1 -A p r-2 0 0 6
2 0-A p r-20 06
2 4 -A p r-2 0 0 6
2 1-A p r-20 06
2 5 -A p r-2 0 0 6

From the above graphs, it may be observed that during April 2006, near month contract of
NIFTY, had a mixed trend. RELIANCE, TATASTEEL and ACC traded at a premium
2 4-A p r-20 06
2 6 -A p r-2 0 0 6

Derivatives Update April 2006

2 5-A p r-20 06
2 7 -A p r-2 0 0 6

2 6-A p r-20 06

2 7-A p r-20 06
3. OPTIONS SEGMENT (April 2006)
3.1 Top 5 Traded Symbols

Traded Value (Rs. in crores)

OTHERS; 11704; 16%

SBIN; 1093; 1%

TATASTEEL; 2147; 3%

SATYAMCOMP; 2279; 3%

RELIANCE; 3403; 5%
NIFTY; 52421; 72%

3.2 Top 5 most active Options contracts:

Percentage of
No. of Traded Value contracts to
Sr. No. Contract Descriptor Contracts (Rs. In crs) total contracts
1. NIFTY APRIL 2006 CE 3500 193,032 6,860 9.90
2. NIFTY APRIL 2006 PE 3500 136,149 4,832 6.98
3. NIFTY APRIL 2006 PE 3400 119,862 4,130 6.15
4. NIFTY APRIL 2006 CE 3550 105,714 3,792 5.42
5. NIFTY APRIL 2006 CE 3600 103,859 3,761 5.33
OTHERS 1290973 49670 66.22
TOTAL 1949589 73046 100.00

3.3 Option Exercises – Analysis (Contract Month April 2006)

Total No. of
Option Type contracts % to
Underlying Call Put exercised Total
Nifty 46510 15892 62402 71.18
Others 19180 6082 25262 28.82
Total 65690 21974 87664 100

Underlying-wise Date-wise details of Stock Option contracts exercised: - Exercise.xls

F & O SEGMENT Page 14 of 21 Derivatives Update April 2006

 3.4 Top 5 Symbols by Open Interest (number of contracts) (on April 27, 2006)

3.4.1 Call Options

Open Interest for Call Options

(Number of contracts)

OTHERS; 51,696; 28%

TATASTEEL; 5869; 3%
NIFTY; 103670; 57%
INFOSYSTCH; 6077; 3%

SATYAMCOMP; 8015; 4%

RELIANCE; 9324; 5%

3.4.2 Put Options

Open Interest for Put Options

INFOSYSTCH; 1,251; 1% (Number of contracts)

SATYAMCOMP; 1,442; 1% OTHERS; 8,908; 5%

TATASTEEL; 2,768; 2%
RELIANCE; 3,371; 2%

NIFTY; 150,011; 89%

F & O SEGMENT Page 15 of 21 Derivatives Update April 2006

3.5 Put Call Ratios (Contract Month April 2006)

3.5.1 NIFTY Options (number of contracts traded)

Calls Puts Put Call Ratio

80,000 1.90

1.80
70,000
1.70

1.60
60,000
1.50

1.40
50,000
Number of contracts

Put-Call Ratio
1.30

40,000 1.20

1.10
30,000
1.00

0.90
20,000
0.80

0.70
10,000
0.60

0 0.50
31-Mar-06

3-Apr-06

4-Apr-06

5-Apr-06

7-Apr-06

10-Apr-06

12-Apr-06

13-Apr-06

17-Apr-06

18-Apr-06

19-Apr-06

20-Apr-06

21-Apr-06

24-Apr-06

25-Apr-06

26-Apr-06

27-Apr-06
Date

3.5.2 Stocks Options (number of contracts traded)

Calls Puts Put Call Ratio

35,000 0.50

0.45
30,000

0.40
25,000

0.35
Number of contracts

Put-Call Ratio

20,000

0.30

15,000
0.25

10,000
0.20

5,000
0.15

0 0.10
31-Mar-06

3-Apr-06

4-Apr-06

5-Apr-06

7-Apr-06

10-Apr-06

12-Apr-06

13-Apr-06

17-Apr-06

18-Apr-06

19-Apr-06

20-Apr-06

21-Apr-06

24-Apr-06

25-Apr-06

26-Apr-06

27-Apr-06

Date

F & O SEGMENT Page 16 of 21 Derivatives Update April 2006

3.5.3 NIFTY Options (Open Interest in number of contracts)
Calls Puts Put Call Ratio

160,000 1.70

140,000 1.60

120,000 1.50
Open Interest (number of contracts)

100,000 1.40

Put Call Ratio

80,000 1.30

60,000 1.20

40,000 1.10

20,000 1.00

0 0.90
3/31/06

4/3/06

4/4/06

4/5/06

4/7/06

4/10/06

4/12/06

4/13/06

4/17/06

4/18/06

4/19/06

4/20/06

4/21/06

4/24/06

4/25/06

4/26/06

4/27/06
Date

3.5.4 Stocks Options (Open Interest in number of contracts)

Calls Puts Put Call Ratio

90,000 0.50

80,000 0.45

70,000 0.40
Open Interest (number of contracts)

60,000 0.35

Put Call Ratio

50,000 0.30

40,000 0.25

30,000 0.20

20,000 0.15

10,000 0.10

0 0.05
31-Mar-06

3-Apr-06

4-Apr-06

5-Apr-06

7-Apr-06

10-Apr-06

12-Apr-06

13-Apr-06

17-Apr-06

18-Apr-06

19-Apr-06

20-Apr-06

21-Apr-06

24-Apr-06

25-Apr-06

26-Apr-06

27-Apr-06

Date

F & O SEGMENT Page 17 of 21 Derivatives Update April 2006

 4. AVERAGE QUARTER SIGMA SIZE AND MWPL
The results of the Average quarter sigma order size and MWPL value for the
period October 17, 2005 to April 13, 2006 for the securities on which presently the
derivatives contracts are permitted are presented below:

Sr. Name of the underlying on Quarter Sigma MWPL value

No. which Futures and options Order size for as on March
are available for trading the period 30, 2006 (Rs.
October 17, 2005 crs.)
to April 13, 2006
(Rs.)

1 ABB* 2285745.18 1171.36

2 ACC* 4964839.26 1947.93
3 ALBK* 984143.09 217.30
4 ALOKTEXT* 631686.10 121.43
5 ANDHRABANK* 1226086.77 260.97
6 ARVINDMILL 1491205.57 260.73
7 ASHOKLEY 3408630.13 448.73
8 AUROPHARMA 1025873.93 322.48
9 BAJAJAUTO* 4687543.41 2158.42
10 BANKBARODA 1532185.78 431.37
11 BANKINDIA* 1750407.26 390.95
12 BEL* 2125014.70 504.79
13 BHARATFORG* 2075830.82 1196.97
14 BHARTI* 3310397.39 1219.18
15 BHEL* 5282042.58 2451.14
16 BILT 609433.87 243.46
17 BONGAIREFN* 386493.20 65.82
18 BPCL* 1697985.27 301.14
19 CANBK* 2068208.57 524.88
20 CENTURYTEX 2971341.64 434.47
21 CESC 896683.37 304.34
22 CHAMBLFERT 578423.52 83.20
23 CHENNPETRO* 534022.08 47.80
24 CIPLA* 3833385.05 1847.16
25 COCHINREFN* 404221.09 25.52
26 COLGATE* 923334.33 533.58
27 CORPBANK* 677096.11 180.17
28 CUMMINSIND* 1012393.36 455.12
29 DABUR* 1689443.97 364.66
30 DIVISLAB 678349.34 208.56
31 DRREDDY* 3674858.60 1469.87
32 ESCORTS 926152.69 89.52
33 ESSAROIL* 740397.27 138.53
34 FEDERALBNK* 833004.18 335.51
35 GAIL* 3012516.57 2239.79
F & O SEGMENT Page 18 of 21 Derivatives Update April 2006
 Sr. Name of the underlying on Quarter Sigma MWPL value
No. which Futures and options Order size for as on March
are available for trading the period 30, 2006 (Rs.
October 17, 2005 crs.)
to April 13, 2006
(Rs.)

36 GESHIPPING* 2096709.58 737.76

37 GLAXO* 1082267.22 342.67
38 GNFC* 881181.84 157.35
39 GRASIM* 3723593.23 1967.22
40 GUJAMBCEM* 3666341.09 1764.15
41 HCLTECH* 2123915.22 676.12
42 HDFC* 5951615.28 1629.91
43 HDFCBANK* 3346607.76 1269.61
44 HEROHONDA* 3705684.54 962.59
45 HINDALC0 3793894.14 2231.62
46 HINDLEVER* 5005436.46 2625.30
47 HINDPETRO* 1169735.97 220.05
48 ICICIBANK* 6292232.35 1166.63
49 IDBI* 2439161.58 521.58
50 IDFC 2988403.57 727.96
51 IFCI 3969683.90 117.52
52 I-FLEX 2474894.83 2001.52
53 INDHOTEL* 1661292.10 1074.67
54 INDIACEM 2666809.50 413.64
55 INDUSINDBK* 564822.19 109.04
56 INFOSYSTCH 25060530.24 9000.03
57 IOB* 755816.16 140.77
58 IOC* 1897957.14 417.87
59 IPCL* 3437282.19 689.45
60 ITC* 10070379.33 4381.08
61 IVRCLINFRA 2460918.39 102.95
62 J&KBANK 557819.17 72.39
63 JETAIRWAYS* 2398809.17 321.70
64 JINDALSTEL 879721.63 369.35
65 JPHYDRO 865163.84 100.26
66 JSTAINLESS 955406.38 138.71
67 KTKBANK* 930191.87 134.23
68 LICHSGFIN* 720580.03 170.23
69 M&M* 4339870.87 2149.30
70 MAHSEAMLES 520573.32 149.84
71 MARUTI* 9033646.02 1757.10
72 MATRIXLABS* 1281576.66 378.27
73 MPHASISBFL 885178.47 544.00
74 MRPL 565802.98 75.22
75 MTNL* 3076297.52 1038.56
76 NAGARFERT* 754026.53 53.73
77 NATIONALUM* 1830743.03 485.35

F & O SEGMENT Page 19 of 21 Derivatives Update April 2006

 Sr. Name of the underlying on Quarter Sigma MWPL value
No. which Futures and options Order size for as on March
are available for trading the period 30, 2006 (Rs.
October 17, 2005 crs.)
to April 13, 2006
(Rs.)

78 NDTV* 1143713.15 134.62

79 NEYVELILIG* 418581.63 93.80
80 NICOLASPIR 715264.02 147.72
81 NTPC 3972474.13 1576.42
82 ONGC* 13100668.06 3601.10
83 ORCHIDCHEM 1542154.73 364.52
84 ORIENTBANK* 1422443.02 249.08
85 PATNI* 875460.03 333.59
86 PNB* 2983715.25 866.33
87 POLARIS* 1160990.44 171.00
88 PUNJLLOYD* 1597458.67 494.44
89 RANBAXY* 8510638.25 2192.54
90 REL* 3468276.09 1211.37
91 RELCAPITAL 12966180.66 810.03
92 RELIANCE 25269372.70 10750.17
93 SATYAMCOMP* 15542340.73 4715.42
94 SBIN 17826500.01 4093.59
95 SCI* 715976.93 182.03
96 SIEMENS 6804468.44 1664.86
97 SRF 3507390.68 256.17
98 STAR* 395829.32 142.78
99 STER* 1808364.38 786.47
100 SUNPHARMA* 1258885.94 455.44
101 SUZLON 11495739.83 2229.14
102 SYNDIBANK* 1384126.02 303.98
103 TATACHEM* 1953663.04 766.30
104 TATAMOTORS 13186636.62 4507.50
105 TATAPOWER* 2603217.19 1020.82
106 TATASTEEL* 11103037.57 4228.16
107 TATATEA* 1666536.86 688.80
108 TCS 10270372.17 3051.10
109 TITAN* 12927471.93 313.96
110 TVSMOTOR* 621410.21 168.08
111 UNIONBANK* 978716.87 446.04
112 UTIBANK* 1688336.84 766.61
113 VIJAYABANK 543596.22 112.93
114 VSNL* 8575655.46 762.94
115 WIPRO* 6470148.14 1909.05
116 WOCKPHARMA* 1157423.86 287.63

*Non-promoter holding is as of post-issue

For all other securities non-promoter holding is as on December 31, 2005

F & O SEGMENT Page 20 of 21 Derivatives Update April 2006

National Stock Exchange of India Ltd
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Tel : 91-22-2659 8100 / 5641 8100

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