NSE suffers `240 crore Q4 loss on big SGF transfer

 In comparison, the exchange had reported a net profit of Rs 120.51 crore during same period of the last fiscal. However, the bourse's total income increased to Rs 410.80 crore in the quarter under review from Rs 388.76 crore in the same period past fiscal.

The exchange has attributed its quarterly loss to shift of Rs 694 crore to core SGF. As per Sebi norms, clearing corporation will have a fund called Core SGF for each segment of every stock exchange to guarantee the settlement of trades executed in respective segment of the bourse. The exchange will have to contribute at least 25 per cent of the minimum required corpus of core SGF. 

For the entire fiscal, NSE has recorded a net profit of Rs 439.33 crore as compared to Rs 779.68 crore in the preceding financial year. The exchange's total income rose to Rs 1,480.42 crore from Rs 1,363.68 crore. NSE's board has recommended a dividend of Rs 73 per equity share of Rs 10 each for the financial year ended March 31, 2016.

"The dividend, if approved, by the shareholders in the ensuing Annual General Meeting (AGM), will be paid to the shareholders within 5 days from the date of AGM," NSE said. Meanwhile, NSE will auction investment limits for overseas investors on May 16, for purchase of government debt securities worth Rs 3,340 crore. The auction will be conducted on NSE's ebid platform from 1530 hours to 1730 hours, after the close of market hours, the exchange said in a circular on Friday.

The debt auction quota gives overseas investors the right to invest in the debt, up to the limit purchased. A mock bidding session will be conducted today to check the system's performance. Depository data showed that total investments, including limits acquired by foreign investors through auction route, stood at Rs 1,36,660 crore till March 12, which was 97.61 per cent of the total permitted investment limit of Rs 1,40,000 crore in government debt securities.

Accordingly, NSE has decided to "conduct an auction for the allocation of unutilised debt limits on March 16, 2016". During the earlier auctions, government bonds have been subscribed multiple times, given the huge interest among foreign investors.