Amfi retains CRISIL for software development: The Association of Mutual Funds in India (Amfi) have retained CRISIL to develop and maintain a software for valuation of non-traded debt securities with a view to develop and implement the methodology in a uniform manner to develop a software which will automate the valuation process.Suspension on five scrips lifted: Trading in Dealings in the securities of following companies, which was suspended due to non-compliance of listing requirements, is resumed from September 21: Avi Export (India), Ranjit Securities, Telstar Laboratories, Vibgyor Corporation and Vijay Solvex.
Pivotals close weak at NSE: Pivotals resumed better than the previous close but declined towards the fag-end on the National Stock Exchange on Monday on sustained selling pressure by the foreign institutional investors (FIIs) and closed with widespread losses. The S&P Cnx Nifty closed at 897.70, showing a loss of 3.95 from the last close of 901.65. Cnx Nifty Junior closed6.50 higher at 1486.90 from 1480.40. S&P Cnx Defty closed at 731.95, losing 2.75 from the last close of 734.70. S&P Cnx 500 closed at 612.14, down by 0.67 from the previous close of 612.81 and Cnx Midcap 200 closed 1.98 higher at 535.61 as against the last close of 533.63. The total volume of business stood at Rs 1,338.59 crore from 536.42 lakh shares and in 1,72,643 trades. Debentures traded value was Rs 7.06 lakh.
CSE stocks continue to be shadowed by Asian crisis: Stocks on the Calcutta Stock Exchange lost all their early gains on selling pressure from financial funds and market operators. Brokers said, this downward trend was the consequence of drops in the South-East Asian stock market including the Hong Kong and Tokyo share market. As a result the CSE-40 share index finished at 1739.65 points and lowest at 1706.11 points. The turnover was steady and undertone weak.
Equities fails to maintain early gains at MSE: Equities failed to maintain their earlier gains on increased selling andprofit-taking and closed with modest gains on the Madras Stock Exchange on Monday. The MSE share price index after touching its intra-day high of 3483.96, declined to settle at 3472.49 over the last Friday's close of 3460.14, gaining 12.35 points.
Scepticism on buy-back, Southeast Asia pares early gains on DSE:Share prices lost early gains on the Delhi Stock Exchange on Monday and closed lower on late selling by foreign funds amidst sharp declines in the Japanese and the southeast Asian markets. After moving up in the first half, share prices shed all gains towards close with analysts attributing the sudden fall to lack of news on the share buy-back front as well as the general slump in East Asia. The DSE sensitive index surged to 698.83 points in early trading but slipped sharply to close at 690.13 points, down 2.46 points compared to Friday's close.
Tokyo stocks dive 2.8% on banking woes: Japanese share prices slumped 2.8 per cent on Monday to a near 13-year closing low as a political dealto fix the banking sector appeared to be coming apart, brokers said. The Nikkei stock average of the Tokyo Stock Exchange fell 385.82 points to 13,597.30, the lowest finish since February 25, 1986, after touching a low of 13,580.72 points in late trading. Share prices fell as investors demonstrated their dismay that a fragile political deal between the ruling and opposition camps to clean up the finance sector appeared close to collapse.
Taiwan share prices down 1.7%: Taiwan share prices closed 1.7 per cent lower on Monday amid profit-taking following sharp falls on the Tokyo and Hong Kong stocks markets, dealers said. The Taiwan Stock Exchange weighted price index dropped 120.19 points to 7,029.40.
New Zealand stocks down 0.9 per cent: New Zealand stocks ended 0.9 per cent lower on Monday in light trading led by Telecom Corp and Fletcher Challenge Ltd (FCL). The NZSE-40 index fell 15.48 points to 1,719.19 on turnover of 42 million NZ dollars (21.3 million US dollars) with Telecom off 11cents to 7.27 dollars. A number of stocks went ex-dividend and SBC Warburg Dillon Read's Paul Nicholson said about third of the day's fall could be put down to recognition of dividend payments.
Regional woes pull Australian stocks down 0.7 per cent: Australian share prices fell 0.7 per cent on Monday after succumbing to the negative sentiment which also sent regional markets tumbling. The Australian Stock Exchange's main indicator, the All Ordinaries index, fell 18.0 points to 2,521.9. The All Industrials index slid 33.2 points to 4,428.2, while the All Resources Index eased 5.6 points to 984.6. National turnover totalled 196.1 million shares worth 650.0 million Australian dollars (US$ 384 million), with falling stocks outnumbering advancers on a ratio of about five to three.
South Korean share prices close 1.3 per cent lower on jitters: South Korean share prices ended Monday 1.3 per cent lower, with the index falling below the 300-point support level amid sharp regional losses and concernsover the Samsung Group's bid for Kia Motors. The market was weak for a fourth consecutive session with sentiment further undercut by steep declines in Japan and other Asian markets, dealers said.
HK stocks shed 4 per cent Hong Kong share prices tumbled on Monday, with the key index slumping nearly 4 per cent, following sharp falls in Tokyo and uncertainties over a US presidential scandal. The benchmark Hang Seng index fell 275.73 points, or 3.7 per cent, closing at 7,170.23.
Shanghai B shares close down slightly:Shanghai's B shares, nominally reserved for foreign investors, fell 0.2 per cent on Monday as investors stayed on the sidelines, analysts said. The Shanghai Stock Exchange's B share index shed 0.05 point to settle at 30.48 points.
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