The Financial Express -- Markets

Monday, November 17 1997

GDR, domestic prices show diverging trends

The lack of liquidity has caused several GDRs, including GDRs of DCW and HDC, to move in a direction different from movements of their domestic prices. The lack of liquidity arises from the fact that only 30% of the 60 GDRs are liquid. Other factors instrumental in this divergence of trends are the varying market outlooks and investment rationale.

Falling interest rates cushion dipping corporate bottomlines

The first half of the current fiscal has seen 70 companies saving around Rs 128 crore in interest cost alone. The lower interest rates prevalent in this period have helped these companies shore up their performances in a period otherwise marked by rising input costs and slowdown in growth.

Traders can book profits on short positions; refrain from selling short

During the week ended November 14, 1997, the Sensex experienced heavy selling pressure as it lost 178 points compared with previous week's close. Almost all the stocks in Group A lost heavily as sellers turned aggressive. With the absence of buyers even at lower levels, stock prices plummeted to record lows.

Troubled Yamaichi Securities may consider three-way split

Traders can book profits on short positions; refrain from selling short

GDR, domestic prices show diverging trends

Falling interest rates cushion dipping corporate bottomlines

BEML sheds 25 per cent

Not a sweet buy

Mistaken identity fetching capital appreciation