The Financial Express -- Markets

Thursday, July 31 1997

Two-thirds fake shares on BSE rectified

In an interesting development on the Bombay Stock Exchange, 70% of the 3.3% shares reported as fake and forged have been rectified.

NSE's loss may be Cochin SE's gain

The Cochin Stock Exchange is likely to benefit from the National Stock Exchange's withdrawal of guarantee on bad deliveries. The former expected delivery-based trade to shift now from NSE counters to the CSE.

MSE plans insurance cover for defaults

The Madras Stock Exchange (MSE) is contemplating an insurance cover for defaults by members. The default cover would help replenish the settlement guarantee fund which the exchange is trying to put in place.

Lead managers told to work on allotment mode for divestment

IDBI snips interest rates on borrowings

Market Round-Up -- Call Money

Gold, silver decline on lower seasonal demand

It is time to exercise caution

Magnum Intermediates declares 1:1 bonus

ICMS lures small SEs through easy funding

Mumbai bourse hikes reference arbitration fee

Volkswagen deal buoys Sai Service stock

Blue chips hit new high on Wall Street

RBI likely to keep cap on rupee

Mark stays firm