The Financial Express -- Markets

Saturday, May 31 1997

Faced with falling volumes, MSE plans parallel cash system

In a bid to retain its identity, the Madras Stock Exchange (MSE) is planning a parallel cash market system with a roll-on settlement. Highly placed exchange sources expect that the move would result in flow of volumes from other markets.

Oriental Insurance directive takes NSE members by surprise

The Association of NSE Members of India has decided to temporarily avail of the Oriental Insurance Corporation (OIC) split cover offer. The association has asked its members to take this cover on a temporary basis and make ad-hoc payments till the matter is resolved.

Debt-happy firms may get dollar NCDs soon

Dollar-denominated non-convertible debentures (NCDs), a new financial product, is in the offing. Pegasus Securities, a Mumbai-based investment banking firm, is negotiating a deal between Marico Industries and Centurion Bank for the new product.

Japanese bonds end higher as fears of interest rate rise ease

Greek rates fall further

Dollar likely to pierce 1.7075 Deutsche mark

DSE on-line expansion work comes to a standstill

Easy tendency in grains & pulses; bullion firm

Market Round-up

Asian coffee producers scramble to cash-in on rally

Market-Briefing -- Madras high court stays SEBI order

Sensex in a zone, can the rally be sustained ?

Resistance likely around the Rs 220 level

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