The Financial Express -- Markets

Wednesday, July 23 1997

Centre to mop up Rs 5,000 crore via 4-year bond auction

The government will raise Rs 5,000 crore via four year bonds on Monday, according to the Reserve Bank of India. With this, the government will complete 84% of its targeted market borrowing for this fiscal.

Depository participants slash custody fees

Four depository participants -- Global Trust Bank, Action Financial Services Ltd, Geojit Securities and Dayco Securities Ltd -- have decided not to charge any custody charge from investors in respect of dematerialised holdings of Infosys Technologies. They have decided to pass on the benefits of they not being charged any custody charge by the National Securities Depository Ltd (NSDL), to investors.

Panel report moots elimination of restrictions on badla

The J R Varma committee set up to review the revised carryforward system has recommended drastic changes in the existing format. The report, submitted yesterday, will be taken up by SEBI for consideration at a board meeting scheduled for mid-August.

Gold drops further on weak overseas advices

Reserve Bank enters into off-market deals with corporates

NSE climbs down on indemnity bonds

Operators keen to hold the Sensex at 4160-4190 level

Dollar touches new high vs mark

Buy/sell/hold

Market roundup -- Call Money

Market Briefing -- Corp Bank submits papers to SEBI

Strong potential for a rally

UK gilts unmoved by IMF comment on interest rate rise

NSE members sore over change in HDFC price band to 10%