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Crisil infuses fresh blood into benchmark 500-scrip index
Crisil's index committee has announced some changes in the broad-based market benchmark -- Crisil-500 equity index -- Crisil industry indices and the Crisil PSE Index. The changes, to be effective from January 5, 1998, ensure that the Crisil-500 Equity Index will represent about 70% of the total market capitalisation and 98% of the total turnover on the Bombay Stock Exchange (BSE).
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Big Value holders shirk redemption
Six months after GIC Mutual Fund announced the redemption of the GIC Big Value scheme, nearly 20% of the unitholders are yet to submit their certificates for redemption. The lack of response is quite surprising as the unitholders had earlier made a lot of noise about getting their units redeemed at the originally-promised price.
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Sensex, Nifty end year on note of optimism
Calendar 1997 ended on a positive note for the stock markets with both the BSE Sensitive Index and the NSE-50 registering a rise of 21 points each. Speculators who had been buying stocks over the past two weeks in anticipation of FII action to prop up their net asset values on December 31 were however dismayed by the lack of incoming foreign funds.
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Bata India scrip perks up on strong show
The financial results for the December year-ending should start pouring in in the second half of January. It could be the right time to take a position and the same seems to be happening at the Bata counter. The stock price has gone up from Rs 135 on December 10 to a 52-week high of Rs 175, showing an impressive jump of 29% within a short span of three weeks.
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