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Monday, December 14, 1998

Stock Update Forex Update

Copper prices may rise moderately
Copper, after witnessing a steady-to-easy trend, crashed below the $1,500 per tonne level late last week while other metals were quite on the London Metal Exchange. Domestic markets were not much different either as metals continued to trade in thin volumes.

FMC mulls possible merger of 8 commexes
The Forward Markets Commission (FMC), the apex regulatory body for domestic commodity exchanges, is quietly pushing the idea of merging some of the existing 24 exchanges to set up a relatively strong national commodity exchange (NCE).

Brokers may have to carry yoke of foreign clients' scrip manipulation
The Securities and Exchange Board of India (Sebi) will take action on the broker concerned for manipulation by any of his clients based abroad. The issue has come into focus considering that Sebi has no jurisdiction on clients based abroad even as steps are afoot to get brokers to set up terminals abroad at the earliest.


The National Stock Exchange of India (NSE)

Central Electronics Limited

Patel Roadways Limited


  Treasury bills mirror tight liquidity; rupee seen firm
  Dematerialise collateral shares
  Traders may soon have to invoice in euro
  Pepper and spices body yet to set time frame for kicking off dollar trade
  High prices, rain hit Vietnam coffee
  Centre's move to impose dumping duty fails to pep up sagging steel prices
  Cotton futures
  Rajasthan prefers super phosphate as shortage pushes up DAP prices
  Gulf oil boom days are over, Saudi tells Arabs
  Risk is the other word for market
  "Credibility of bourse must be maintained"
  Traders adopt a wait and watch approach
  Hong Kong stocks seen stalled in cautious trade
  Farmers to benefit from stable cotton prices


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