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Saturday, December 19, 1998

Stock Update Forex Update

VSNL out to chart new course, plans to disinvest shares only in paperless form
Videsh Sanchar Nigam Ltd (VSNL) has kicked off the process of issuance of shares only in the demat form by deciding to disinvest shares through the depository.

SEBI mulls rolling settlement in demat segment
The Securities and Exchange Board of India (SEBI) is kicking off mandatory rolling settlements in scrips with 100% demat settlement from June next year.

Dematerialisation level crosses 90 per cent
Even as the market waits with bated breath for the January 4 deadline when the first 100% demat settlement goes through in the Indian markets, figures indicate that in most of the 12 securities, more than 90% of the delivery coming in for settlement is in demat form.


The National Stock Exchange of India (NSE)

Central Electronics Limited

Patel Roadways Limited


  Market Round-Up
  SEBI re-opens lid on Saurashtra Cement preferential issue
  Euro likely to replace dollar as currency of choice
  Financial Briefing
  European funds head for home ahead of euro
  Punters log into Infosys on expectations of 1
  Infotech stocks add flavour to market; Sensex up 10 points
  20th Century AMC plans to float open-ended debt, liquid fund
  Market Briefing
  BSE comes to the rescue of Asia Pacific depositors
  Two former DSE presidents enter fray; promise revamp
  Employees to go on hunger strike
  Operations at Jaipur Stock Exchange come to a halt
  Shares On The Move
  Firm opening on Monday may see rally
  SKF Bearings scrip may touch Rs 990
  Bide your time till the market finds its direction
  Commodity Briefing
  KCSL investors get exit opportunity
  Overdose of bank IPOs changes industry valuations
  Information of top corporates on websites
  Sebi move to push more scrips to mandatory rolling settlement mode


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