Wipro gets NSE's data warehouse contract: The NSE has awarded the contract to set up a data warehouse for it to Wipro. The data warehouse will help NSE maintain historical and current data from various operational systems of the exchange like clearing and settlement, listing system, membership system, on-line surveillance system etc across multiple market segments in one unified datawarehouse. While Wipro will provide system integration support, Citicorp Information Technology Industries Ltd will provide data warehouse-specific tools and associated services.
Huge deal at Reliance counter:
The Reliance counter reported a huge deal in the demat segment on Thursday. Sources said a leading FII reportedly placed huge sales of over 18 lakh shares at the counter in the demat segment at a price of Rs 145. The deals, which were conducted on the BSE, were struck at a discount of 3-3.5 per cent to the prevailing market price in the physical segment. NSE's demat segment also accounted for a volumeof 2.23 lakh shares of Reliance at a price of Rs 146.02.
Sensex gains 1 point:
The merger news of HLL and Pond's India on Thursday took investors by surprise and led to a small recovery in the Sensex at close. The market started on a dull note in the absence of enquiries from foreign funds and continued to move in a narrow range on scattered support from domestic institutions. The merger announcement saw FIIs make purchases at HLL and MTNL. The Sensex settled at 3,293.89, up 0.98 point over its previous close.
Nifty Index slips 2 points:
Share prices continued to fall on the NSE on increased offerings. The NSE-50 index settled at 956.65, losing 2.25 points from the last close. The Mid-cap Index closed marginally higher at 1,060.95. The exchange reported a total turnover of Rs 885.93 crore in 327.70 lakh shares.
Dull day at CSE:
Share prices continued to drift at the Calcutta Stock Exchange on Thursday, resulting in a lower turnover as operators were reluctant to make newcommitments. The 50-share CSE Index closed at 93.97 points after moving between 94.47 and 93.38 points.
Lacklustre trading on MSE:
Equities moved in a narrow range on the Madras Stock Exchange on Thursday. The MSE Share Price Index dropped further to 3,627.67 as against its previous close of 3,644.81 points. Madras Cement recovered to Rs 3,100 from Rs 2,875.00. ACC improved by Rs 5 to Rs 1,240.00. ITC added Rs 2.40 to Rs 590.60. L&T gained by Rs 1.40 to Rs 194.10 and State Bank by Rs 1.35 to Rs 236.05.
Divergent trend at DSE:
Mixed conditions prevailed at the Delhi Stock Exchange on Thursday. The DSE Sensitive Index moved up from 711.77 to 712.33 points. Marketmen said a majority of brokers refrained from doing business and adopted a cautious attitude ahead of the general elections on Monday. HLL declined by Rs 2.75 lower at Rs 1,381.75.
OTCEI Index up marginally:
Equity price moved in a narrow range at the OTCEI on Thursday, ending marginally higher on increasedspeculative buying. The OTCEI Composite Index opened at 114.40 and closed at 114.59, up 0.19 point over the previous close.
Skindia Index loses 1.24%:
The Skindia GDR Index dropped by 1.24 per cent from 868.13 to 857.37 on February 11. The Skindia GDR Index p/e ratio was 17.88 on Febraury 11 compared with 18.11 on February 10. The top gainers were ICICI and Telco which quoted at $14.00 ($13.50) and $7.50 ($7.25). Losers included Bajaj Auto, EI Hotels and BSES.
HK stocks close lower:
Hong Kong stocks fell to a lower Thursday close, tripped up by profit-taking after the Hang Seng Index hit a year-high on Wednesday and in sympathy with regional markets, brokers said. The Hang Seng Index ended down 173.38 points, or 1.61 per cent, at 10,620.03 after sinking to an intra-day low of 10,511.48 and brokers expected the slide to continue.
Call rate ends at 5%:
The overnight interest rates eased considerably as the repos sucked out a large amount of liquidity from the market onThursday. The call rate opened moderately lower at 9.50-10 per cent compared with the previous close of 11-11.25 per cent. Ample liquidity saw rates ease further to close at 4-5 per cent, dealers said.
Rupee falls against dollar:
The rupee reacted afresh against the US greenback on Thursday, losing its overnight gains on renewed dollar demand by corporates at the interbank foreign exchange market. Opening mildly lower at 38.73/76 to a dollar, the rupee gradually weakened to the day's low of 38.80/82 on steady commercial dollar buying and later settled at 38.78/81 at the end of trading hous.
Silver falls sharply, gold steady:
Silver prices declined sharply on Thursday on poor demand coupled with weak overseas advices. Ready silver of .999 fineness lost Rs 50 to settle at Rs 8,680. Standard gold at Rs 4,000, 22-carat gold at Rs 3,700 and 10-tola gold of .999 purity at Rs 46,800 remained unchanged.
Castor rises on shortcovering:
Castor prices rose on Thursday on buying byshippers covering short positions, traders said. Castorseed March delivery rose by Rs 3/4 to Rs 1,223/1,224 per quintal and June delivery by Rs 5 to Rs 1,260/1,265 per quintal.
Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
