Sunday, July 5, 1998
Carryforward volumes come crashing at Mumbai bourse, rates dip to 7%
Carryforward business at the Bombay Stock Exchange (BSE) came crashing to Rs 47.99 crore even as the rates dipped to 6-7% levels on Saturday. The volume of transactions carried forward have been hovering at Rs 1,000 crore levels for a better part of the year and this is the first time that the levels have dipped below Rs 100 crore since the modified badla system was put into place last year.
GDRs stay cool to volatile domestic markets
The volatility in the domestic markets on account of FII sales and fluid political conditions failed to have a negative impact on the sentiments of the GDR market-makers. Reflecting the indifference, the Skindia GDR Index gained 11.41 points in the week ending July 2, compared with the BSE Sensex which lost 27.81 points during the same week.
Systems Design to prepare BSE online surveillance
The Bombay Stock Exchange (BSE) has shortlisted Systems Design Group (SDG), the Hyderabad-based technocrat, to put in place an on-line surveillance package for the exchange. The deal was finalised on July 1 and the contract is expected to be inked by the end of this week.
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