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Sunday, September 27, 1998

Stock Update Forex Update

Asset-backed securitisation all set to catch on in the country
Asset-backed securitisation (ABS) is set to witness significant growth in the coming years, adding depth and variety to the capital market. The potential of securitisation is immense and is likely to be the major financial instrument for the next decade.

Carryforward rates hover around 18.5%
Carryforward rates on the Bombay Stock Exchange continued to remain high for the second week in a row and hovered around 17%-18.5% on an annualised basis compared with 21% in the previous settlement.

Crisil to stay unhurt by finance firms' boycott: officials
The decision of non-banking finance companies (NBFCs) to boycott Credit Rating Information Services of India Ltd (Crisil) will not reportedly impact the fortunes of the rating agency in any manner.


The National Stock Exchange of India (NSE)

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Patel Roadways Limited


  Bullion reacts on profit-taking; g'nut oil firms up
  Moody's, S&P exemplify rift on markets


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