The Financial Express -- Markets

Saturday, December 27 1997

Dematerialisation hits speedbreaker

The process of dematerialisation appears to have hit a speedbreaker, at least for the present, if the pace at which the percentage of equity being dematerialised in companies is any indication. As many as 23 of the top 50 companies in terms of percentage of equity dematerialised as on December 6 this year, have not seen a single additional share being dematerialised over the past fortnight ie as on December 22.

Bullish overtones prop Sensex 26 points

The market moved up in the latter half of the day indicating strong bullish undercurrents mainly on buying support from local institutions, speculative trading and short covering. The National Stock Exchange (NSE) nifty spurted in the last half hour of trading after it closed for the day on the Bombay Stock Exchange (BSE). The 30-share BSE sensitive index moved up 25.69 points, compared with the previous close.

Six corporates to access CP market to raise Rs 245 crore

Six corporates, led by Tata Finance and Madras Cements, propose to access the commercial paper (CP) market to raise Rs 245 crore. While Tata Finance will raise Rs 100 crore, Madras Cements will raise Rs 56 crore. Sun Pharmaceuticals and L&T Finance propose to raise Rs 28 crore and Rs 25 crore respectively, while Ciba Speciality Chemicals and Indo National will raise Rs 20 crore and Rs 16 crore respectively.

Gold, silver ease; imported palm oil firms up

LC Gupta panel to sew up report in a fornight

Seoul bourse up 7% on cash infusion by IMF

Bullish overtones prop Sensex 26 points

Siyaram's performance is impressive

Market maintains bullish undertone

Six corporates to access CP market to raise Rs 245 crore

Dollar uptrend against yen seen in first half of '98

Asian currencies crash to earth in 1997

Market Round-up - Call Money

Counter-balancing of FII prowess is the need of the hour

Sensex rally apart, turnover of cash stocks hits a low of Rs 23 crore

SEBI panel to fix norms to curb firms from shopping for rating

Dematerialisation hits speedbreaker