
Friday, December 4, 1998
Mandatory paperless trades in Sensex, Nifty scrips from April
The Securities & Exchange Board of India (SEBI) will bring trading by all investors in stocks which constitute the S&P CNX Nifty and Sensex indices within the ambit of compulsory dematerialised trading from April 5, 1999.
UTI Bank makes a debut on NSE at 20% discount to the issue price
UTI Bank has made its debut on the National Stock Exchange with a 20% discount to its offer price of Rs 21. The bank's scrip, listed on Thursday, reflected lack of investor interest, closing below the day's high of Rs 19.45.
Gilt funds to open new vistas for retail investors, says Tarapore
Dedicated gilt funds are going to be a major vehicle of retail investment, says S S Tarapore, former deputy governor RBI, and chairman of the capital account convertibily committee.
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