The Financial Express -- Markets

Monday, June 30 1997

Reliance bonus ratio props Skindia index

The uptrend in foreign markets, which started on May 30, continued last week, with the Skindia GDR Index touching its 52-week high of 83.69 on June 20.

Will shares at discount benefit investors or promoters?

The novel concept of issuing shares at a discount to par value, incorporated in the Company Draft Bill '97, raises some pertinent questions. Will this benefit the investors or will this be a blessing in disguise for those promoters who want to hike their stake in the company?

State Bank to pick up 4.7 per cent in NSDL

The State Bank of India is bringing in Rs 5 crore to the equity capital of the National Securities Depository Ltd (NSDL) to pick up a 4.76 per cent stake.

Index -- Flight from Gold

`Long-term bias in favour of growth stocks'

In a trendless market, caution suggested in stock selection

Market Briefing -- Close-end funds trade at 30-50% discount

Siemens lends a helping hand