The Financial Express -- Markets

Sunday, November 9 1997

Carryforward rates dip to 6.5%

Carryforward rates on the Bombay Stock Exchange dipped to trade in the band of 6.5% to 10.6% annualised for a net outstanding position of 97.28 lakh shares valued at Rs 143.88 crores. Beginning from Monday - November 10 - the brokers (type I) of the exchange will be allowed to trade in the modified carry forward system.

Skindia GDR index dips 4.48%

Impact of the worldwide meltdown in stock markets on October 28, was felt in the global depository receipt (GDR) market also. The revamped Skindia GDR index fell by 6.31% to 983.51, falling below its par value of 1,000. However, during the week ended November 6, the index closed slightly better at 1,014.21 points, registering a loss of 4.48% over its previous week's close of 1,061.75 points.

Gold slumps to 12-year low on London Metal Exchange

London gold plunged to its lowest level since early June 1985 after comments on inflation from the US central bank chairman persuaded bullion banks and investment funds to dump the yellow metal. Gold slumped to a fix of $308.70 per ounce, nearly $5 down on its morning level. Twelve years ago, the metal sank in tandem with the collapse in the price of oil.

Skindia GDR index dips 4.48%

Punjab cottons gain afresh; gold hardens further, silver reacts

Dhanuka panel for doing away with stamp duty on share, debenture transactions

Gold slumps to 12-year low on London Metal Exchange

Public sector companies seen dominating IPO market

Carryforward rates dip to 6.5%

Starwood raises bid for ITT to $10.2 billion