BSE receives 4,374 complaints in Jan: BSE received 4,374 complaints against 872 listed companies in January, 1998. Complaints against NEPC India, Vatsa Corporation, ATV Projects India, Padmini Polymers and Orkay Industries have topped the list, accounting for 15.43 per cent of the total complaints, an exchange release said on Friday.Accounting year changes: The following companies have decided to change their accounting year: Pennar Profiles (from June 30, 1996 to December 31, 1997 - 18 months) and ITW Signode India (from December 31, 1996 to March 31, 1998 - 15 months).
BSE imposes margin on Hariyana Metals: The BSE has decided to impose a special margin of Rs 50 on the equity shares of Hariyana Metals with effect from February 6.
Sensex rises 9 points: The last day of the current settlement on the BSE saw the Sensex gain 9.22 points to close at 3,366.70. Tata Tea and ITC continued to be the star performers of the day, both on the price and volume front. Among the autostocks, Bajaj Auto gained Rs 24.25 to close at Rs 507.50. UBS Securities and Jardine Broking were rumoured to have sold huge chunks of ITC at Rs 605. MICO and Sterlite touched new lows of Rs 3,830 and Rs 138.90, respectively.
Nifty Index up 1.55 points: Share prices rose marginally at the NSE on increased buying on Friday. The NSE-50 (Nifty) Index settled at 977.65, up 1.55 points over the last close. The mid-cap index lost 9 points to close at 1,081.3. The market witnessed a total turnover of Rs 1,325.88 crore in 392.09 lakh shares. On the demat segment of the NSE, ICICI, IPCL and Reliance accounted for more than one lakh shares respectively.
Lacklustre trading at CSE: New account trading on the Calcutta Stock Exchange started on a relatively dull note on Friday. Brokers said that scrip movements were restricted and alternate bouts of buying and selling caused values to fluctuate. The 50-share CSE Index finished at 96.01 points after moving between 96.40 points and 95.54 points.
MSEshares remain rangebound: Equities fluctuated in a narrow groove on the Madras Stock Exchange on Friday. The MSE Index moved down fractionally by 0.22 point to close at 3,702.04 points. Madras Cements lost Rs 100 to close at Rs 3,000 while HLL firmed up to Rs 1,425 from Rs 1,407.50. ITC declined by Rs 3.05 to Rs 593.45, L&T by Rs 1.45 to Rs 190.55, Telco by Rs 2 to Rs 224.60 and Ashok Leyland by Rs 1.85 to Rs 32.15.
NSE debt market turnover at Rs 208 cr: The wholesale debt market of the NSE recorded trades worth Rs 208.11 crore on Friday. The 13.50 per cent government stock maturing in 1998˙was traded for Rs 35 crore at a weighted yield of 13.50 per cent. The 12.59 per cent government loan maturing in 2004 was traded at a weighted yield of 12.56 per cent. The 364 days treasury bill maturing on April 24, 1998, was traded for Rs 55 crore at a weighted yield of 13.34 per cent.
Skindia Index rises 2.73%: The Skindia GDR Index moved up by 2.73 per cent from 813.53 to 835.73 on February 5. TheSkindia GDR Index p/e ratio was 17.55 on February 5 compared with 16.98 on February 4. The top gainers were EI Hotels, Telco and Indian Hotels which quoted at $11.50 ($10.00), $7.00 ($6.50) and $16.00 ($15.00).
HK stocks close firmer: Hong Kong stocks closed firmer on Friday but gains were trimmed in late trade by profit-taking as some investors unloaded positions ahead of the US employment data due later in the day, brokers said. The Hang Seng Index put on 43.73 points, or 0.42 per cent, to close at 10,485.86.
KL shares close 2.16% higher: Malaysian shares closed higher on Friday on heavy volumes, as the ringgit continued its recovery against the US dollar and retail investors followed through on institutional buying, dealers said. The Kuala Lumpur Composite Index gained 2.16 per cent or 15.38 points to end at 728.19.
Call rate ends at 9%: The short-term money market saw plenty of funds in the system on Friday to meet the limited demand of borrowers. Call rates opened around10.50-10.75 per cent and dipped to 8.50-9 per cent at close, with most of the business transacted around 10.25-10.50 per cent, dealers said.
Rupee recovers marginally against dollar: The rupee strengthened by about 11 paise against the greenback during the session in a marginally active interbank foreign exchange market on Friday. The rupee opened steady at 38.73/78 and closed at 38.67/70 to a dollar as against its previous close of 38.74/76.
Silver reacts, gold inches up: Silver prices reacted at the local bullion market on Friday on profit-selling at higher levels. Ready silver of .999 fineness declined by Rs 90 to close at Rs 9,260. Raw silver and tenderable silver declined to Rs 9,160 and Rs 9,265 respectively. Standard gold and 22-carat gold gained Rs 5 each to close at Rs 4,005 and Rs 3,705.
Sugar prices fall: Sugar prices declined at the local wholesale market on Friday on fresh arrivals, traders said. Small sugar S-30 fell to Rs 1,455/1,480 and medium sugar M-30 declined byRs 5/10 to close at Rs 1,465/1,545 per quintal.
Pepper prices move up: Pepper prices rose sharply on higher outside advices coupled with poor arrivals, traders said. Black pepper ready prices shot up by Rs 200 per 50 kg to close at Rs 8,900.
Cotton prices steady: Steady conditions prevailed at the local cotton market on Friday. Activity was centred around S-4, 797, Y-1, LRA and H-4. About 3,000 bales changed hands.
Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
