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14 companies report to NSE of misplaced shares: Fourteen companies/transfer agents reported to the National Stock Exchange (NSE) about the lost/ stolen/misplaced shares as required of them under the exchange listing agreement. The companies are Infosys Technologies (23,850 shares), ITC Ltd (13,809 shares), Morgan Stanley Mutual Fund (2,13,300 shares), Hindustan Lever (1.76 lakh shares), Wipro (3,918 shares), BPL (25,500 shares), Himmatsingka Seide (7,550 shares), Reckitt & Colman (1,16,392 shares), Dr Reddy's Lab (12,25,862 shares), SBI (25,216 shares), MRPL (24,550 shares), TVS Suzuki (83,625 shares), Sundaram Clayton (10,181 shares) and Sundaram Finance (1,350 shares).
NSE launches one and three month NSE-Mibid/Mibor: The National Stock Exchange on Tuesday launched the one month and three month Mibid/Mibor which would be the first of its kind as reference rates in the term money market. The daily information dissemination from now on would include the one month and the three monthNSE-Mibid/Mibor along with the overnight and the 14-day NSE-Mibid/Mibor with the corresponding standard deviations, the NSE said in a release. The dissemination of the term money rates would be extended to the whole market from Tuesday through the NSE-WDM trading system, E-mail, Fax, NSE Website, etc. NSE plans to make it available through fax on demand also. The daily benchmarks for the money market would be released under overnight NSE-Mibid/Mibor as at 0940 hours and respective standard deviation disseminated as at 0955 hours. The 14-day, one month and three month NSE-Mibid/Mibor would be released at 1130 hours and respective standard deviation disseminated as at 1200 noon, the NSE said in a release.
NSE increases securities for trading on capital market: The National Stock Exchange (NSE) has added equity shares of seven companies in the depository segment, one in physical segment, two in equity shares- permitted to trade segment and one in preference shares which will be available for trading onthe capital market segment with effect from tomorrow, December 2, 1998. The companies in depository segment are Dsq Software Limited, Garware Wall Ropes Limited, Precot Mills Limited, Satyam Computer Services Limited, Apcotex Lattices Limited, Century Extrusions Limited and Universal Cables limited. Equity shares of Container Corporation totalling 90,00,000 equity shares disinvested by Government of India would be available for trading in the physical segment.
1.76 lakh shares either lost or disputed: Hindustan Lever has intimated the Bombay Stock Exchange and the NSE that the shares reported either as lost, or covered under court restrictions are only 1.76 lakh shares and not 6.21 lakh shares as informed earlier to the NSE. A portion of these shares according to the company spokesperson is in the form of jumbo certificates.
BSE imposes 30pc margins on Bausch & Lomb: The Bombay Stock Exchange has decided to impose additional volatility margins on the net outstanding sale positions of thefollowing stocks wef December 1: Bausch & Lomb (30 per cent) and Telco (5 per cent).
BSE brokers asked to submit networth certificate before Dec 31: In view of the requests put forth by many brokers of the exchange, the Bombay Stock Exchange (BSE) has decided to extend the date for submission of the networth certificate up to December 31, 1998. The exchange has also decided to impose a fine of Rs 100 per day, for those brokers who fail to submit the certificate within the newly extended date.
DSE closes marginally lower: Stocks at the Delhi Stock Exchange dipped a bit on Tuesday following a poor show by software companies. The DSE index (base 1983) closed 0.93 lower at 620.06. Software solutions went down Rs 18.45 to close at Rs 544.50 following a selling spree by both the domestic and foreign investors. Satyam Computers slipped Rs 10.65 at Rs 515.90. Pentafour Software went down Rs 8.50 at Rs 497.50.
Desultory conditions mark trading on CSE: Desultory conditions marked trading onTuesday on the Calcutta Stock Exchange reflecting a general apathy to pick up fresh lots because of prevailing uncertainties which kept institutional buyers away. But selected shares fared better with TISCO finishing with gains at Rs 88.10 on renewed bear covering and scattered fresh support. The turnover was lower and undertone hesitant. Reflecting the price movements, the CSE's 40-share index finished at 1586.06 points after moving between 1593.02 points and 1583.33 points earlier.
MSE closes with moderate gains: Values of scrips recovered to settle with moderate gains on the madras stock market today due to buying support. The MSE share price index went up by 8.28 points to close at 3238.03, against Monday's close of 3229.75 points. Reliance regained Rs 2.35 at Rs 113.50, DSQ Software strenghtened by Rs 10.15 to Rs 230.40 and SBI moved up by Rs 2.80 to Rs 151.
HK stocks close down 4.1pc, below 10,000 level: Hong Kong stocks tumbled 4.1 per cent to close below the key 10,000-point supportlevel on Tuesday on profit-taking after a sharp overnight fall on Wall Street, dealers said. The key Hang Seng index fell 426.47 points to 9,975.85. Weakness on Wall Street overnight and continued concerns over the local economy sparked profit-taking.
Tokyo stocks close 0.3pc lower: Japanese stocks closed 0.3 per cent lower on Tuesday as fresh buying all but offset early declines on the collapse of medium-sized construction firm JDC Corp, brokers said. The 225-issue Nikkei average of the Tokyo Stock Exchange fell 48.29 points to finish at 14,835.41.
Australian shares down 1.4pc: Australian shares closed 1.4 per cent lower on Tuesday as investors responded to a sharp overnight fall on Wall Street and lower metal and oil prices, dealers said. The main index, the All Ordinaries index, finished 39.2 points down.
Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
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