Market raises Rs 26,719 cr through debt in nine months: The Indian capital market has become debt-dominated with institutions and corporates raising Rs 26,719 crore in the first nine months of this fiscal, a six per cent growth over the same period last year, says a report by Prime Database.

OTCEI completes conversion to physical mode: OTCEI listed companies have successfully completed the conversion process and have commenced trading in the physical (share certificate) mode on March 1, 1999. Fifteen companies have alreadystarted trading in the revised mode. The second lot comprising more than 50 companies are expected to commence trading shortly.

Shares buoyant on DSE: Shares maintained their rising tempo on the Delhi Stock Exchange following sustained buying by foreign as well as domestic financial institutions and speculators amidst huge short-covering. Selling by profit-takers at several high-priced stocks pruned earlier gains to some extent. The Delhi Stock Exchange benchmark index after crossing 799 points finally closed lower at 783.32 points, up 14.42 points from Monday's close.

Modest gains on MSE: Equities failed to maintain their earlier gains following profit-taking at the fag-end and settled with modest gains on the Madras Stock Exchange. The MSE share price index after touching 3633.47 at one stage, declined to settle at 3590.29 against the previous close of 3594.28. Reliance, after reaching its intra-day's high of Rs 152, finished at Rs 148.70 with a net gain of Rs 3.40. ITC rose by Rs 38.25 toRs 938.25.

Videocon Intl tops NSE complaints list: Videocon Intl, with 22 complaints topped the list of corporates with maximum number of complaints pending against them for more than two months as on February 28, 1999, on the National Stock Exchange (NSE).

HK to merge stock and futures exchanges: Hong Kong financial secretary Donald Tsang on Wednesday announced proposals for merging the territory's stock and futures markets in a wide-ranging overhaul of the financial services sector.