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30 December, 1997
  FMC to prepare commodity exchanges for a new era in futures trading
Calendar 1998 could well be the year of commodities and not equities in India. In the light of the government's interest in boosting commodites futures trading. The Forward Markets Commission (FMC), the apex regulatory body for commodity exchanges, intends to help commodity exchanges improve their monitoring and regulatory mechanisms. The initiative will initially involve exchange dealing in at least six commodities.
  NSE up on speculative buying
Share prices rose further smartly on the National Stock Exchange (NSE) yesterday on increased speculative buying by bull operators. The NSE-50 index opened higher at 1061.65 and shot up to 1081.50. Later, it closed at 1079.00, showing a gain of 17.55 over the last close of 1061.45. The dollar NSE-50 (defty) also started firm at 939.35 and after moving in a range of 955.45 and 937.05, ended at 953.45, disclosing a gain of 14.30 from the previous close of 939.15.

Five lakh shares traded in Rain Calcining
Rain Calcining, whose public issue devolved on the underwriters, has shot into limelight on the Mumbai Stock Exchange. A sudden spurt in activity in this counter saw over five lakh shares traded on December 23. Accompanied by an unusual jump in trading volumes the scrip saw a recent intra-day high of Rs 13.
Paint majors find support from investors
The paint industry appears to be regaining its colour. With the outlook for the industry turning rosy, paint majors have turned bullish on the bourses. The bullish sentiment is buoyed by the demand for automotive paints and coating, which is expected to increase three-fold in the next couple of years.


Datamatics

State Bank of Bikaner and Jaipur

NCPRB

 

Asia Financial markets face testing times ahead
Asian financial markets, driven to their sick bed by the events of 1997, face a testing time in the new year as political and economic events threaten to push them from the critical list into intensive care. Heading the chart of political risk factors are presidential elections in Indonesia, polls in the Philippines and a new South Korean government yet to be sworn in.

Traders panic as speculative buying in tea continues
Tea prices have increased phenomenally over the last few weeks and the market is suspecting speculative buying by vested interests. This has created a panic among tea traders, who are worried that the crop might become unavailable altogether.

 


  Silver declines further on sluggish demand; sugar suffers fresh setback
  Paperless trades panacea for ills, says Waterhouse
  Asia Financial markets face testing times ahead
  FMC to prepare commodity exchanges for a new era in futures trading
  BOC spurts 50%
  Sensex resumes rally with rise of 73 points
  Paint majors find support from investors
  Five lakh shares traded in Rain Calcining
  Results fuel LML back to the three-figure mark
  Market has strong bullish undertone
  NSE up on speculative buying
  Financial markets face a critical start to new year
  Asian currencies seen stifled by year-end inertia
  Market Round Up
  Traders panic as speculative buying in tea continues
  LML scrip zooms on dividend