Sebi permits BSE on-line trading in CalcuttaSebi on Thursday said it permitted the BSE to expand its on-line system to Calcutta. In a statement issued on Thursday, the regulator said, "This is the second exchange after Pune, where Sebi has permitted the expansion of the BSE on-line system."
Mahadev Corporation in Sebi's investor woes list
For the fortnight ended February 28, Sebi received 4,047 grievances against 1,058 companies. During the same period, a total of 5,090 grievances were reportedly resolved by 601 companies. These resolved grievances include grievances brought forward from the previous periods as well. A list of companies whose redressal rate is less than 40 per cent and whose pending complaints are greater than 1,000 includes Mahadev Corporation, Motorol India, NEPC Micon, NEPC Agro among others.
MCS, HPCL shares on Rs 10 paid-up basis
The equity shares of MCS and HPCL will be dealt on Rs 10 paid-up basis with effect from March 16 on the Bombay Stock Exchange.
Stock exchanges, commodity markets closed today
All principal markets, including the BSE, NSE, OTC, bullion, oils and oilseeds, cotton, metals, sugar, spices, grains, pulses and turmeric will remain closed on March 13 for Holi.
Nifty loses 5.50 points
Equities declined further on the NSE on increased selling pressure due to the uncertain political situation at the centre. The NSE-50 Index settled at 1,077.50, losing 5.50 points over the last close. The Mid-cap Index closed at 1,230.10. The exchange reported a total turnover of Rs 1,573.44 crore in 566.69 lakh shares.
DSE Index down 10 points
Stocks suffered another setback on the Delhi Stock Exchange on Thursday following panic-selling by foreign funds. Brokers said news reports that the BJP had not been able to provide letters from supporting parties to the president depressed market sentiment. The DSE Sensitive Index lost 10.15 points to close at 804.31 points.
CSE shares close lower
The downtrend in share prices gained momentum on the Calcutta Stock Exchange on Thursday as sellers once again dominated the trading ring. HLL and ACC were among the worst hit. The ITC counter fared better in the wake of a steady trend. The 50-share CSE Index closed at 106.72 points after fluctuating between 107.94 points and 106.43 points earlier.
MSE Index loses 19 points
Equities declined further on the Madras Stock Exchange on Thursday. The MSE Share Price Index dropped by 18.97 points to close at 3,946.26. ACC declined to Rs 1,359 from Rs 1,432.30. Raasi Cement fell to Rs 209.35 from Rs 231.55. Coats Viyella dipped by Rs 2.05 to Rs 53.85, Pentafour Software by Rs 6.50 to Rs 300 and Telco by Rs 2.40 to Rs 240.95.
OTCEI Index drops 22 points
Equities lost ground on heavy selling pressure from domestic funds and speculators at the OTCEI on Thursday. The OTCEI Composite Index closed at 93.70, losing 21.76 points over the previous close. The exchange reported a total turnover of Rs 42.82 lakh.
Skindia Index drops by 1.45%
The Skindia GDR Index dropped by 1.45 per cent from 963.33 to 949.37 on March 11. The Skindia GDR Index p/e ratio was 20.54 on March 11 compared with 20.80 on March 10. The top gainer of the day was SAIL which quoted at $3.13 ($3.00). Losers included Hindalco, EI Hotels and L&T.
KL shares end down in thin trading
Malaysian shares ended lower on Thursday amid thin trading and confusion over the details of a bank merger plan, analysts and dealers said. The benchmark Composite Index ended 11.68 points, or 1.65 per cent, lower at 698.23. Volume was thin with 175.97 million shares traded compared to Wednesday's 260 million shares.
Call rates end at 8%
An easy trend prevailed on the overnight call money market on Thursday due to limited demand for funds. Call rates opened at 9-9.25 per cent and dipped to 7-8 per cent at the close, dealers said.
Rupee closes little changed
The rupee opened at 39.49 against the greenback on Thursday, almost unchanged from its previous close of 39.48. The dollar's high for the day was 39.52, while its low was 39.49. At close, it was quoted at 39.50.Silver, gold prices end down: Silver prices reacted sharply on the local bullion market on Thursday on heavy offerings by stockists. Ready silver of .999 fineness declined steeply to close at Rs 8,575 from Rs 8,685. Raw silver of .916 fineness fell sharply to close at Rs 8,450 from Rs 8,570. Standard and 22-carat gold reacted by Rs 20 each to settle at Rs 3,990 and Rs 3,690.
Cotton ends mixed
Punjab cotton extended gains while prices of Gujarat varieties dropped on the cotton market on Thursday, dealers said. In spot deals, saw-ginned cotton gained Rs 10/30 to Rs 2,000/2,130 per maund (37.32 kg) while Bengal-deshi closed Rs 10 higher to Rs 1,520/1,560. The Mumbai cotton market will be closed on Friday for Holi.
Metals steady on slack demand
Base metals quoted little changed on Thursday in dull trade as industrial demand was slack, dealers said. Copper was steady at Rs 15,550 per quintal and zinc was quoted at Rs 7,000. Lead was traded at Rs 4,000 and aluminium at Rs 8,200 per quintal in nominal trading. The metals market will be closed on Friday for Holi.
Sugar weakens on poor demand
Sugar prices moved down on the local market on Thursday on increased supplies and thin consumer demand, dealers said. In ready delivery, sugar S-30 fell Rs 5 to Rs 1,430/1,465 per quintal and M-30 lost Rs 5/10 to Rs 1,450/1,505 per quintal. The Mumbai sugar market will be closed on Friday for Holi.
Prices of linseed oil and castorseed June contract rose smartly on fresh industrial buying. Linseed oil gained Rs 5 to Rs 330 while linseed bold ended unchanged at Rs 1,300. Groundnut oil ended unchanged at Rs 371. In the futures market, cottonseed June contract gained Rs 2 to close at Rs 1,229.
Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
