NSE to upgrade data warehouse system: NSE has placed an order with Digital India to augment its existing digital alphaserver 8200 enterprise system to run its data warehouse. The order involves upgrading the alphaserver 8200 system with the highest performance 625 mhz alpha processors, Digital Storageworks Enterprise storage array sub-system with nearly 500 gb of disks and digital storageworks tape library based on dlt technology. NSE is eventually likely to have nearly 1 tb of on-line storage.BSE, commodities markets closed: The commodities markets and the BSE remained closed on Wednesday on the occasion of Mahashivratri. The National Stock Exchange, however, remained open for trading.
CSE shares close sharply higher: Share prices surged at the Calcutta Stock Exchange on Wednesday as bull operators stepped up their holdings in most of the key scrips. The spurt in major scrips lifted the 50-share CSE Index to 101.50 points before closing at 101.47 points. The low for the day was99.60 points.
MSE Index up 44 points: Equities recovered to close with small gains on the Madras Stock Exchange on Wednesday. The MSE Share Price Index jumped by 43.92 points to close at 3,802.66. Telco improved by Rs 13.35 to Rs 246.85, Satyam Computer by Rs 15.05 to Rs 198.55, Raasi Cement by Rs 13.70 to Rs 169.90 and Karur Vysya Bank by Rs 11.50 to Rs 136.50.
Debenture turnover at Rs 17 lakh on NSE: The wholesale debt market of the NSE remained closed on Wednesday on account of Mahashivratri. However, corporate debentures worth Rs 16.80 lakh were traded on the capital market segment of the exchange.
OTCEI Index improves marginally: Share prices improved marginally at the OTCEI on scattered buying. The exchange reported a total turnover of Rs 5.15 crore. The OTCEI Composite Index opened at 115.41 and closed at 115.74, up 0.33 point over the previous close of 115.41.
Skindia Index loses 0.06%: The Skindia GDR Index dropped by 0.06 per cent from 883.95 to 883.47 on February24. The Skindia GDR Index p/e ratio was 19.02 on February 23 compared with 19.03 on February 20. The top gainers were EI Hotels, Indian Hotels and MTNL which quoted at $10.75 ($10.38), $17.50 ($17.00) and $15.88 ($15.75), respectively. Top losers of the day included NEPC India, GE Shipping and Crompton Greaves.
Violence flares at HK bourse over investor losses: Scuffles erupted at the door of Hong Kong's stock exchange on Wednesday as scores of investors hurt in the collapse of a brokerage tried to storm the building. Scuffles broke out between police and clients of collapsed brokerage CA Pacific Securities Ltd. Witnesses said more than 50 angry demonstrators tried to storm the stock exchange building demanding their cash or shares back. But police barred entry which led to clashes.
Seoul stocks close lower: Seoul stocks closed sharply lower on Wednesday as concerns about political turmoil deepened the market's consolidation, brokers said. The composite stock index shed 4.53 per cent, or24.51 points, to 516.38. Korea's opposition decided to boycott a parliamentary vote on the appointment as prime minister of newly installed president Kim Dae-jung's coalition partner. The decision was taken within hours of Kim's inauguration as president.
KL blue chips sink after PM's comments: Comments by prime minister Mahathir Mohamad clarifying the government's stance on ethnic Malay company stake sales sent Kuala Lumpur blue chips sharply lower in afternoon trading. Mahathir said the sale of such shares to other races would only be a temporary measure, and only in certain cases.
US blue-chips close down after Greenspan remarks: Blue chip stocks closed lower Tuesday because of the collapse of a planned merger between pharmaceutical giants Glaxo Wellcome and SmithKline Beecham and a rise in bond rates after a warning on the economy from Federal Reserve Board chairman Alan Greenspan. The Dow Jones Industrial Average fell 40.10 points, or 0.48 per cent, to 8,370.09. About 594 million shareschanged hands, losers outnumbering gainers 1,754 to 1,137 with 550 unchanged.
S&P lowers ratings of major Indonesian banks: Ratings agency Standard and Poor's on Wednesday downgraded the ratings of 15 major Indonesian banks, citing incomplete government guarantees, new capital requirements and confusion over a planned currency peg. "Implementation of a currency board runs the risk of intensifying an already tight liquidity situation," the agency added in a statement, referring to the peg plan.
Copyright(c)1998 Indian Express Newspapers (Bombay) Ltd.
