The Delhi Stock Exchange on Thursday auctioned tickets of two defaulting members for a record over Rs 53 lakh each. While one of the tickets fetched Rs 53.61 lakh, the other sold for a shade lower at Rs 53.30 lakh, said a top DSE official. The last ticket of a defaulting member which was auctioned by DSE a little over two months back was sold for about Rs 32 lakh. The official ascribed the whopping rise in the price of DSE ticket to the bullish sentiments of the market over the past several weeks. DSE has seen a steady improvement in its market share over the past several weeks and is understood to have a daily turnover of Rs 350-400 crore.

VSNL scrip reverses downtrend

The reversal of the downtrend in Videsh Sanchar Nigam Ltd (VSNL) on the bourses bodes well for the public sector undertaking's `offer for sale' of 10 lakh shares beginning September 20. With the stock recovering to the Rs 1100-level, the offer price of Rs 750 per share looks evenmore attractive. At VSNL's current market price of Rs 1100, the divestment is at a discount of 33 per cent. The stock, which was quoting at around Rs 1084, fell to Rs 890 in the first week of September.