Sunday, July 5, 1998
Political stability vital to pep up market sentiments: I-Sec
The uncertainty on the political front has added to the macro-economic uncertainties and the depressed sentiments are evident across the equity, debt and forex markets, according to ICICI Securities and Finance Company (I-Sec). Stability in the political situation, unambiguous policy signals as well as clear understanding of the implications of the economic sanctions is necessary to boost market sentiments, I-Sec said in its discussion paper on `Balance of Payments: Trends and Prospects'.
BSE to impose 65% maximum margin for carryforward positions
The Bombay Stock Exchange (BSE) has decided to impose a maximum margin of 65% for the positions marked for carryforward. The move falls in line with SEBI's package on volatility margins, which will be imposed from July 6.
Unrealistic targets making the scenario grim for ECIL: Panel
The standing committee on energy has noted with concern that the physical and financial performance of the Electronics Corporation of India had been `dismal' over the years. In its first report presented to the Lok Sabha on Saturday, committee chairman K Karunakaran observed that the production and net sales of ECIL had fallen short of the targets during 1996-98 as also the gross earnings, gross profit and net profit.
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