Anmi seeks introduction of badla on NSE:

The Association of NSE Members of India (Anmi) has called for immediate introduction of badla on NSE to counter the increasing turnover on the BSE. "Due to the introduction of badla by BSE, NSE is losing its business to other bourses," alternate president VD Aggrawal said on Thursday. In the recent bull run, BSE's turnover has almost doubled from a daily average of Rs 800 crore to Rs 1,686 crore on April 7.

Dr Reddy's Labs '97-98 results on April 27:

Dr Reddy's Laboratories Ltd said on Thursday it has called a board meeting on April 27 to approve audited accounts for the year ended March 31, 1998. The meeting will be held at Hyderabad, the company said in astatement.

Nifty rises 22 points:

NSE recorded the highest number of trades on Thursday. After a better start, most shares flared up towards the end of the session on heavy buying by bull operators and FIIs. The market witnessed a record number of 2,66,877 trades worth Rs 2,163.53 crore from 894.02 lakh shares. The NSE-50 Index settled at 1,209.60, gaining 21.80 points over the previous close.

NSE completes 176th settlement:

NSE completed its 176th settlement (number 1998012) on Thursday. The total value of the settlement was Rs 1,341.75 crore for securities and Rs 182.77 crore in funds. The pay-out has been completed and all shortages to the extent of 1.06 per cent have been auctioned. Unrectified bad deliveries for the previous settlement to the extent of 0.19 per cent have also been auctioned, a release issued by the exchange said.

Steady trend on CSE:

A steady trend prevailed at the Calcutta Stock Exchange on Thursday, though profit-taking did pare the prices of somescrips. The 40-share CSE Index finished at 2,329.49 points. Gainers included Hindalco at Rs 723.20, Hindustan Motors Rs 13.35, Tata Tea Rs 438.30, BSES Rs 230.30, Bata Rs 159.80, CESC Rs 45.65, Tisco Rs 163.80, Tata Chemicals Rs 167.90, Indo-Gulf Rs 45, IPCL Rs 84.80, Grasim Rs 349 and Gujarat Ambuja Rs 297.90.

MSE Index up 61 points:

Equities gained further ground on the Madras Stock Exchange on Thursday. The MSE Share Price Index settled at 4,398, up 60.94 points from the previous close. Satyam Computer moved up to Rs 357.25 from Rs 325.05. Software Solution rose by Rs 21.70 to Rs 246.80, Reliance Rs 7.80 to Rs 199.80, L&T Rs 10.15 to Rs 264.70, Chettinad Cement Rs 6.50 to Rs 91.50 and India Cements Rs 6.20 to Rs 75.50.

Skindia Index up 1.86%:

The Skindia GDR Index moved up by 1.86 per cent from 992.31 to 1,010.81 on April 8. The Skindia GDR Index p/e ratio was 22.27 on April 8 compared with 22.05 on April 7. The top gainers were CESC, Ashok Leyland and Arvind Mills which quoted at$1.50 ($1.10), $3.75 ($3.35) and $2.10 ($1.90) respectively.

Jakarta stocks end lower:

Jakarta stocks ended lower on Friday with investors restraining themselves from buying as they awaited details of reforms agreed with the IMF, brokers said. The composite index closed down 2.45 points, or 0.46 per cent, at 527.59.

HK stocks end a touch firmer:

Hong Kong stocks closed Thursday slightly higher but brokers said the market lacked firm direction as it shifted into low gear ahead of the Easter holiday. The Hang Seng Index added 27.56 points, or 0.24 per cent, to end at 11,342.02. Turnover was meagre.

KL shares close higher:

Malaysian shares closed higher on Thursday as key index-linked issues broke a nine-session losing streak, helped by a firmer ringgit, dealers and analysts said. By the close the benchmark Composite Index gained 1.75 per cent or 11.65 points to 675.93.

Japan body to focus on bad-loan recovery:

An organisation set up to help Japanese financialinstitutions said on Thursday it had bought nearly 15 trillion yen worth of bad loans on a book value basis from the institutions in the past five years, and would now focus on recovering them. Clarification:

Thursday's edition of The Financial Express, Mumbai, inadvertently repeated NSE's stock quotations of Wednesday. We regret the error.