
Saturday, July 4, 1998
BSE clearing house outstanding brought down to Rs 9 crore
The total outstanding position of BoI Shareholding, the clearing house of the Bombay Stock Exchange (BSE), stood at a whopping Rs 113 crore for the settlement ended June 12. This has now been brought down to a total liability of Rs 9 crore carried forward from the settlement ended June 19.
Political tremors rock market; Sensex drops 91 points
For the second consecutive day, the political climate cast its gloomy shadow on the market. Consequently, the 30-share Bombay Stock Exchange Sensitive Index fell by 91.71 points on Thursday. The Sensex closed at 3,089.02 points as against its previous close of 3,180.73 points.
Firms fall back on Mibor to price debt issues
Indian corporates are increasingly pricing their debt issues pegged to call money rates, with the Mumbai Inter-Bank Overnight Rate (Mibor) emerging as a popular benchmark. The Infrastructure Leasing and Financial Services Ltd (IL&FS) is the latest to announce a non-convertible debenture (NCD) issue with a Mibor-linked yield.
|





|