Another software IPO at a hefty premium
After the resounding success of the Sonata Software issue which was oversubscribed three times, another software company, KPIT Systems Ltd, is coming out with a public issue at a hefty premium of between Rs 65 and Rs 80.

Dematerialisation speeds up portfolio churning
Institutions, both domestic and foreign, have begun churning their portfolio faster thanks to the speedy and cheap settlement in the depository mode.

Fear over gross exposure margins halts bull run
Panic gripped the market as exchanges informed members of the recent Sebi diktat to lower the gross exposure margin threshold and take upfront margins from clients if the amount of margin payable exceeds Rs 50,000.

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