The Financial Express -- Markets

Sunday, December 21 1997

Carryforward rates zoom to 20 per cent

Carry forward rates on the Bombay Stock Exchange (BSE) zoomed to touch a high of 20% annualised and continued to hover in the band of 16-18% annualised on an average basis. The net outstanding turnover at the badla saw a sharp recovery of over six per cent to touch a high of 151.95 lakh shares valued at Rs 267.17 crores.

Skindia GDR Index recovers to gain 7.78%

Reflecting the change in market sentiments, the Skindia GDR index recovered to touch a high of 864.98 points on December 18, recording a gain of 7.78 per cent over its previous week's close of 802.56 points on December 11. The 65 GDRs gained an average 2.45 per cent each, with the Skindia GDR index premium closing at 19.14 per cent registering a gain of 29.34 per cent.

Negligible inflow spurs gold; edible oils sluggish

Gold recorded a sharp rise of Rs 70-85 while silver prices held steady on the Delhi bullion market on Saturday. Gold in London edged upto $290 from $288 an ounce coupled with negligible inflow of imported gold because of strike by the cargo workers at local airport, therefore, standard mint gold, on the local market shot up by Rs 85 at Rs 4200 per 10 gram.

Finance ministry wants stock exchanges to go in for T+1 system

Carryforward rates zoom to 20 per cent

Skindia GDR Index recovers to gain 7.78%

Gold prices bounce back, silver firms up

Negligible inflow spurs gold; edible oils sluggish