The capital market segment of NSE will remain closed from 1100 hrs to 1135 hrs between March 8 to 19 as the VSATs on the NSE satellite based communication network may lose connectivity during the period. Network operations control centre (NOCC) of the department of telecom (DOT) has communicated to the NSE that there would be sun outage from March 5 to March 19 at different times across the country due to which the VSATs on the NSE satellite based communication netwowk may lose connectivity during March 8 to 19, an NSE release said. In order to compensate for the lost time, the marekt timings shall be extended by 40 minutes on all these days.

SHCIL's internet broking plans face BSE margin hurdles: The Stock Holding Corporation of India (SHCIL)'s plan to kick off operations as a `super broker' is likely to face a major hurdle as the Bombay Stock Exchange (BSE) has decided to collect margins in cash. This is against the corporation'srequest to the exchange for collecting margin in the form of bank guarantee.

Tudor India shows signs of a turnaround: Lower losses on account of exchange rate fluctuation and lower interest costs have helped Tudor India report a positive net for the half year ended December 12, 1998. During the period under review, the company earned a net profit of Rs 34.3 lakh against a net loss of Rs 3.86 crore reported during the corresponding period of the previous year.

Low EPS arrests SRG Infotech's spurt: SRG's excellent first-half performance has not gone down well with marketmen. The stock, which had zoomed from RS 15 to Rs 22, fell to Rs 19 the day the results were announced. The fall in the price is even more suprising as the market sentiment has been extremely bullish post-Budget. However, the answer is not too far to seek. Although the first-half net profit has shot up to an impressive Rs 5 crore from Rs 15 lakh last year, the equity base of the company has more than doubled. This translatesinto an extremely low annualised earning per share of 80 paise. Worse, the company's reserves stand at a paltry Rs 5.7 crore.

SEBI suspends UPSE member: Sebi has suspended Amar Nath Khetan, member of the Uttar Pradesh Stock Exchange, for a period of two months. He has been suspended for indulging in carry-forward transactions and would not be entitled to carry on the business as a stock broker from March 9 till May 8.