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Friday, September 03, 2010  SENSEX  : 18221.43  -16.88     -  ACC : 893.90  [-0.10]    B H E L : 2392.60  [-4.65]    Bharti Airtel : 339.40  [5.35]    Cipla : 307.25  [2.00]    DLF : 313.15  [2.20]    H D F C : 630.60  [-1.45]    HDFC Bank : 2193.60  [12.35]    Hero Honda Motor : 1736.15  [36.40]    Hind. Unilever : 272.05  [3.00]    Hindalco Inds. : 170.40  [-2.55]    ICICI Bank : 999.65  [-3.20]    Infosys Tech. : 2771.65  [21.00]    ITC : 164.25  [-0.85]    Jindal Steel : 683.25  [-14.65]    JP Associates : 112.95  [-1.75]    Larsen & Toubro : 1834.95  [-6.65]    M & M : 630.80  [3.55]    Maruti Suzuki : 1272.05  [-4.00]    NTPC : 196.20  [0.60]    O N G C : 1338.00  [15.50]    Rel. Comm. : 163.40  [0.70]    Reliance Inds. : 925.60  [-11.55]    Reliance Infra. : 1030.45  [16.25]    St Bk of India : 2773.50  [15.40]    Sterlite Inds. : 158.55  [-2.05]    Tata Motors : 1012.55  [-4.50]    Tata Power Co. : 1249.45  [-9.25]    Tata Steel : 539.95  [-3.50]    TCS : 837.30  [-6.25]    Wipro : 401.35  [-2.10]    
Currency Derivatives

Currency futures can be bought and sold through the trading members of NSE.

A future contract is a standardized exchange traded contract, to buy and sell certain foreign exchange rate at a certain date , at a specified price. It is exactly like a futures contract on Nifty, futures will be cash settled. The gainer will get paid in rupees by the loser. No foreign Exchange will change hands. Initially, only product permitted is INR/USD,GBP,YEN,EURO futures going out to a one year maturity.

Anyone in India can trade on currency futures except NRI's and FIIs.The currency futures are as transparent and safe for clients as the Nifty Futures Orders are matched by price time priority.

DOCUMENTATION REQUIRED FOR OPENING AN ACCOUNT IN CURRENCY DERIVATIVES
  • KYC form duly filled
  • Member-constituent form duly signed
  • Risk Disclosure Form duly signed
  • Proof of Identity- Copy of PAN Card/ Driving License/Passport/ Voter Id card
  • Proof of Address- Copy of Driving License/Passport/ Voter Id card/Electricity bill
  • Copy of PAN Card is mandatory
  • copy of bank pass book/cancelled cheque
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