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Friday, September 3, 1999

Forex Update

NSE takes on BSE with 3-day settlement
The National Stock Exchange has announced a new 3-day settlement beginning next Monday which is seen by brokers as a strategic move to boost its business.

CSE raises carryforward margins
The Calcutta Stock Exchange has decided to impose limits on scrip-wise carryforward positions besides additional carryforward margins to keep speculative positions within reasonable levels.

RBI must ensure currency stability, says J P Morgan
The prime concern of the Reserve Bank of India will be to ensure currency stability as the national election is round the corner, opined JP Morgan's latest Indian Markets outlook.


Corporate Results


  Pepper prices continue to be hot on less stocks
  Crisil assigns highest safety ratings to Baxter, Caltex, Wilkinson Sword
  Market Round-Up
  Corporate ratings hinge on parent support, says Crisil
  Margin fears pull Sensex down 95 points
  Time to pick bargains as markets decline
  Gramaphone moves up after pact on brand name
  Macro factors threaten change in direction
  Sebi must be revamped, says Assocham president
  Market Briefing
  Asian markets plunge on local concerns
  Pressurised selling on BSE continues for second day
  Cadbury likely to remain firm
  Mumbai nickel continues to rise



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