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Monday, October 12, 1998

Stock Update Forex Update

FMC wants cotton futures to commence soon
The Forward Markets Commission (FMC) has asked the East India Cotton Association (EICA) to commence cotton futures trading for December, February 1999 and April 1999 deliveries of Indian Cotton Contract (ICC) with immediate effect.

Arecanut production in Kerala state falls to 15,464 tonnes in 1996-97
One cash crop which has remained steady despite the vicissitudes of price rise and fall, which the other cash crops had to endure in Kerala, is arecanut. However the state has not benefited from the stable prices.

Edible oil prices likely to fall after Diwali
Prices of edible oil are not likely to fall before Diwali, as continuing post monsoon rains in states like Haryana and Punjab are likely to delay harvesting of oil bearing crops.


The National Stock Exchange of India (NSE)

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Patel Roadways Limited


  North Block may scrap three-year dividend norm for primary issues
  Sebi executive directors may not grace exchange panels
  25 depository participants to offer sops for new accounts
  Call rates rule easy; rupee stages a smart rally
  Tokyo traders see more volatility
  Onion imports no solution for shortfall
  Festive season evokes mixed response in bullion markets
  Hedging opens new avenues for commodities
  Pakistani sugar floods domestic markets
  Zinc touches four-year low
  Commodity Briefing
  Steel, scrap industry seeks amendment to commodities market location act of 1983
  Strong yen unlikely to enhance Japanese sugar purchases
  Currencies, rain sideline coffee traders
  Cardamom fetches Rs 711 per kg at auction
  Board to promote special purpose natural rubber for better price realisations
  Ministry mulls US-64 recapitalisation plan


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