The Financial Express -- Markets

Wednesday, May 28 1997

SEBI seeks explanation from DSE president

The Securities and Exchange Board of India (SEBI) has sought an explanation from the Delhi Stock Exchange (DSE) president Paramjeet Singh on charges made by him against SEBI officials and the exchange's executive director S S Sodhi. SEBI has directed Singh to clarify his statements and prove the basis on which he made such serious allegations.

Rs 800-cr shares dematerialised

A whopping Rs 800 crore worth of securities were dematerialised in the past week alone at the National Securities Depository. The bulk of the dematerialisation requests are believed to have been put in by domestic financial institutions. The sudden spurt in the past week has led NSDL authorities to believe that the NSDL might well be poised for a "take off".

Sub-brokers to seek extension of June 1 deadline

Sub-brokers of the BSE members, required to register with the monitoring authority, plan to request the Securities and Exchange Board of India (SEBI) to extend the deadline of June 1 to July 31. The reason cited is the revised format of the member-sub-broker agreement which has reached them only on May 23.

Mark to market - Flying high with multinational companies

Market round-up

Bet cautiously on the coming index funds

Stock exchanges meet ignores investors

Gold demand establishes world floor price - WGC

Need to refocus approach to share transfer, says SEBI panel

Excise board eases time on service tax for brokers to 75 day

Easy tendency in grains and pulses; sugar up

The fall could get accelerated now

On-line IPO talks initiated

Australian dollar firmer in late trades

10-yr bonds up in Tokyo