The collective investment schemes of Golden Forest (India) Ltd have been assigned a grade V rating by Crisil, reflecting an overall high risk profile due to negligible inflows from operations, near total dependence on retail deposits and high costs associated with raising these deposits.

BSE fixes Concor base price at Rs 250: The cross deal of 9 million shares of Container Corporation of India (Concor) reported on the BSE at the price of Rs 250 on November 20 has prompted the exchange to consider this price as a realistic price. Hence the Bombay Stock Exchange has decided to change the base price of Concor to Rs 250 (as against the earlier last traded price of Rs 378) and also apply a normal circuit filter of 8 per cent with effect from November 23.

BSE imposes special margins on 14 scrips: The Bombay Stock Exchange (BSE) has decided to revise the special margins imposed earlier on the following stocks with effect from November 23 - BFLSoftware (Rs 125), Blue Information (Rs 20), Citicorp Securities (Rs 12), Crest Communication (Rs 12), DSQ Software (Rs 70), Globe Stock (Rs 4), Goldstone En (Rs 8), Gujarat Fun Water (Rs 10), Kolar Information (Rs 12), Krishna Filament (Rs 60), Ram Informat (Rs 6), Sab Nife Power (Rs 15), Sri Adhikari (Rs 13) and Vjil Consult (Rs 10).

BSE circuit filters on Elgi warrants: The Bombay Stock Exchange has also decided to keep open the daily and weekly circuit filter in the equity warrants of Elgi Equipments with effcet from November 23. According to BSE officials the decision will enable the investors trade in the warrants at a realistic price level, till the trades are established. The scrip was last traded on October 16 at Rs 32.15.

OTCEI starts demat trading: OTCEI has launched dematerialised trading in 183 scrips in the permitted segment from Friday, November 20. For these 183 scrips, which include ITC, Infosys, HPCL, Tata Tea and others, both physical and demat shares can be deliveredagainst deliverable positions in the physical segment.

DSE stocks suffer on cut in projected economic growth rate: Equities finished with widespread losses on the Delhi Stock Exchange on Monday following reports that Confederation of India Industry (CII) had cut its economic growth projection for the current year. Stock brokers said election worries was another factor behind the selling pressure. They said ahead of crucial assembly elections in four states including Delhi, players showed caution and kept their exposures at a low ebb. The Delhi stock exchange sensitive index declined by 13.49 points, or almost 2 per cent to 641.57 points.

MSE scrips close lower on increased selling: Values of scrips declined to settle with handsome losses on increased selling coupled with profit-taking on the Madras Stock Exchange on Monday. The MSE share price index dipped by 19.27 points to close at 3302.75 against the previous day's close of 3322.02 points.

HK stocks rise 2.7% on local interest ratecut: Hong Kong share prices surged 2.7 per cent on Monday to hit a seven-month high as lower interest rates kicked in and investors hoped for a further easing of credit by local banks, dealers said. The key Hang Seng index gained 281.17 points to close at 10,514.53 - its highest level since April 19 when the index was at 10,383.68. The value of turnover amounted to 8.55 billion Hong Kong dollars ($ 1.1 billion), against Friday's 8.451 billion dollars.

Taiwan share prices down 0.7%: Taiwan share prices closed 0.7 per cent lower on Monday as investors locked in profits from sharp gains last week, dealers said. The Taiwan Stock Exchange weighted price index fell 53.85 points to 7,312.26.

Seoul shares down on profit-taking, weak futures: South Korean shares fell 0.7 per cent on Monday on selective profit-taking, with weaker futures prompting selling in the spot market, dealers said. The Korea Stock Exchange index closed down 3.45 points at 453.95, off a low of 446.40 and a high of 458.17.The benchmark corporate bond yield was down at 9.6 per cent. The won was at 1,246 against the dollar.

Jakarta shares surge 5.3%: Indonesian shares closed 5.3 per cent higher on Monday despite anti-Christian riots in the capital the previous day which left 13 people dead, dealers said. The Jakarta Stock Exchange composite index climbed 21.335 points at 424.987. The Indonesian rupiah was trading at 7,500-7,575 in late trade on Monday.

Philippine shares jump 4.4% on surging Wall Street, peso: Philippine share prices jumped 4.4 per cent on Monday on the back of a stronger week-end close on Wall Street and a stabilizing peso, analysts said. The Philippine Stock Exchange composite index rose 80.57 points to close at 1,922.26.

Malaysian share prices end 3.4% higher: Malaysian share prices closed 3.4 per cent higher on Monday buoyed by local buying support and speculative interest on cheaper stocks, dealers said. The benchmark Kuala Lumpur Stock Exchange's composite index finished at 477.17points, up 15.61 points from Friday's close.

Singapore up 2.2% on buying support: Singapore's key stock index closed 2.2 per cent higher on continued buying by funds buoyed by falling interest rates and expected wage cuts to reduce business costs, dealers said.Kuala Lumpur up 3.4% on local buying: Malaysian share prices closed 3.4 per cent higher buoyed by local buying support and speculative interest on cheaper stocks, dealers said. The benchmark Kuala Lumpur Stock Exchange's composite index finished at 477.17 points, up 15.61 points from Friday's close. An institutional dealer at a local brokerage said local funds were seen buying bluechip stocks, with retail interest in cheaper counters.

Thai stocks gain 5% on buoyant sentiments: Thai share prices climbed 5 per cent, boosted by buoyant sentiment overseas and optimism that Thailand was on the threshold of economic recovery, dealers said. The composite Stock Exchange of Thailand (SET) index closed up 18.50 points, or 5 per cent at 390.43,while the select SET-50 index ended at 29.00.

Shanghai's B shares shed 2.6%: Shanghai's B shares, nominally reserved for foreign investors, fell 2.6 per cent on Monday with foreign institutions unloading electric power shares, analysts said. "Although Hong Kong shares rose largely after Hong Kong's banks cut their prime rates by 25 basis points, foreign selling in power shares ruled out any possibility of rising together with the Hong Kong market," a J&A Securities analyst said.