
Friday, June 12, 1998
Sensex up 24 points as BSE imposes 15% additional margins on short sales
SEBI directive to impose special margins on short sale positions coupled with reaffirming statements made by BSE's president over its PA system saw the BSE-30 share Sensitive index rebounce by 128 points from the day's low of 3,207.54 points to touch a high of 3,335.76 points.
Mumbai bourse urges regulator to amend listing agreement
The Bombay Stock Exchange (BSE) has approached SEBI, seeking an amendment to clause 19 of the listing agreement. This clause pertains to promptly informing the exchange about any price sensitive information. The need to amend this clause comes in the light of the recent tussle between BSE and Nestle, over the issue of "promptness".
Market gives a thumbs down to Rs 500 cr MKVDC bond issue
The Maharashtra Krishna Valley Development Corporation's (MKVDC) Rs 500 crore bond issue has received a lukewarm response with only Rs 222 crore mobilised so far. Of this, SBI's contribution alone is Rs 150 crore.
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