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CSE completes pay-in; heavy buying by Alliance & UTI
Our Markets Bureau
Kolkata, March 15: The Calcutta Stock Exchange is likely to complete its pay-in for settlement number 149 (March 15). At the time of going to the press, it was gathered that 98 per cent of the pay-in of close to Rs 250 crore had been completed. There is likely to be a shortfall, if any, of around Rs 17-18 crore, which is likely to be cleared on March 16 morning. A press release issued by the exchange rebutted reports that settlement 149 and 150 would be merged. The release says: "The Calcutta Stock Exchange would like to reiterate the fact that reports appearing in a section of the media alleging that settlements number 149 and 150 have been merged are incorrect. Settlement number 150 will end on Thursday and the pay-in for settlement no 149 has already commenced on Thursday (15/03/2001) as per schedule."The CSE-40 share index closed on Thursday at 1925.34 points, after touching a high of 1935.74 points. On March 14, the CSE-40 index closed at 1897.21 points, higher by 82 points from the day's opening. HFCL counter saw heavy buying reportedly by the Unit Trust of India and Alliance Mutual. HFCL which was constantly hitting the lower band of the circuit filter over the last few days, touched a high of Rs 217.90 during the day before closing at Rs 210.70. It had hit the lower band of the circuit filter on March 14 and had closed at Rs 193.70. Copyright © 2001 Indian Express Newspapers (Bombay) Ltd.
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