Tuesday, January 30, 2001

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Computation of margins in BLESS -- Curse for brokers
BSE has created a level playing field for its members by successfully launching the Borrowing and Lending of Securities Scheme but it has taken away the advantage of this system by imposing margins in such a manner that computation of these margins makes trading in this system unattractive.

Recovery likely to continue
The earthquake has had its impact on stock valuations also. A 96-points fall on Monday was mainly on account of massive loss to life and property in the western part of the country. Values opened with a huge gap on the downside but the fall was not significant thereafter.

Quake takes toll on BSE; Sensex dips 96 points
The impact of the worst-ever earthquake in the country was also witnessed in the stock markets on Monday with stock prices falling sharply. After opening low in the morning, some recovery was witnessed in the later part of the day due to some value buying, especially in cement counters.



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