The Financial Express -- Markets

Saturday, November 29 1997

BSE collects Rs 280 cr as margin money for single settlement

In a move aimed at augmenting the risk management cover, the Bombay Stock Exchange (BSE) has collected a whopping Rs 280 crore as margin money from its member-brokers in a single settlement. The amount, collected for the settlement ended November 14, provides a safety cover of over three times the members' net per settlement liability.

Panel calls for stepping up forex market regulation

The Securities & Exchange Board of India's (SEBI) Economists Panel has recommended that there should be better regulation of the forex markets to control speculation and the unwarranted depreciation in the value of the rupee. Members of the panel felt that the equity and forex markets seem to be interlinked and, therefore, the fortunes of the stock market have begun to be influenced by the movement of the rupee.

Polysindo to make open offer for Best & Crompton

Lorik Investments and B&C Holdings of the Polysindo Group are making an open offer for picking up 20% of the equity capital of Best & Crompton Engineering Ltd (BCEL) from the public at a price of Rs 10 per share. The ruling market price is Rs 7.60. The offer is in keeping with the scheme for revival and rehabilitation of the company proposed by the Polysindo-Texmaco Group of Indonesia and approved by the Madras high court.

Gold declines further, silver rules steady; Punjab cottons move down

BSE collects Rs 280 cr as margin money for single settlement

Sensex slips 68 points on bull dilution

Panel calls for stepping up forex market regulation

Bullish undercurrent persists

Polysindo to make open offer for Best & Crompton

South Korea's financial turmoil tells on Asian currencies

Market Round-up -- Call Money

Fixed coupon repos the only hope for rupee, says market

Natural rubber prices dip to three-year low

Malaysia advisor sees foreign investors returning