The Financial Express -- Markets

Thursday, May 22 1997

Sensex slips 33 points on lacklustre trade

The BSE-30 Index slipped by 33.29 points or 0.89 per cent on Wednesday amidst thin volumes and lacklustre trade to close at 3,735.01 against Tuesday's close of 3,768.30. The NSE-50 index closed at 1,042, down by 8.85 points, against Tuesday's close of 1,050.85.

Infrastructure Bond Issue

Bangalore bourse brokers clear securities validation plan

Brokers of the Bangalore Stock Exchange (BgSE) have informally given the go-ahead for the proposed securities validation and guarantee programme (SVGP). At a presentation on Tuesday by the Pune-based SignAssure Services (India), a joint venture between Deepak Nitrite and Kenmark Marketing of the US, brokers said the Medallion programme would go a long way in eliminating the complicated signature verification process.

Mark to Markets -- Cheers for Cipla

Marketmen now feel that there could be an end to the controversy over the return of underwriters' funds that were claimed by Cipla at the time of the rights issue a couple of years ago. Many brokers now feel that it will be foolish on the part of the underwriters to opt for a return of their funds.

GILTS

Trading stops briefly at hessian exchange

Over 200 firms default listing fee in Delhi bourse

2 penny stocks' prices, volumes rocket on BSE

Bank of Japan seeks to soothe markets on rate comments

DoT okays BOLT expansion

FOREX

Rajmash chitra slumps on weak demand; wheat up

NZ $ ends up as US $ dips against yen

Pivotals decline on absence of institutional support

Market roundup -- CALL

Forward Premia

LME copper touches $2,500 mark

Market round-up -- Call