The Financial Express -- Markets

Friday, July 18 1997

Depository swings into action, woos Infosys, RIL shareholder

National Securities Depository Ltd (NSDL) plans to kick off a joint direct marketing exercise with Reliance Industries to attract its shareholders to the depository mode. It has already launched an exercise upon shareholders of Infosys to accept their bonus shares in the dematerialised form.

CMC gets the megabytes, scrip scales new high

The spectacular growth in CMC Ltd's share price by a whopping 1,020%, has been accompanied by huge orders for the public sector IT company, even as it is planning to bring down the debt-equity ratio to less than one, besides considering an employees stock option.

ICICI Bank's Rs 144-cr issue opens on August 5

ICICI is making a public offer of 4.12 crore shares of ICICI Banking Corporation at a price of Rs 35 per share, aggregating Rs 144.38 crore. The issue will open for subscription from August 5 to 11.

Gold prices harden on limited inflow; yarn softens

NSE debt segment sets new turnover record at Rs 1,554-cr

London gold lower, set in near-term range

UK bonds seen firming up

Bonus hopes drive Castrol scrip to all-time high

Deutsche mark remains steady on rumours of intervention

DSE board gives in-principle approval to TGF

US treasuries remain bullish

Buoyed by quarterly results, Krebs'scrip hits circuit-breaker

Foreign banks turn to CPs as rates fall to record levels

State Bank resilient as market weakens

Singapore dollar slides to 30-month low

Market Round-Up -- Call Money