Bulls on the rampage
Article Abstract:
Indian stockmarkets registered a 175-point market drop on Apr 6, 1992, ending the 1st qtr 1992 heavy trading. On Apr 15, 1992, Calcutta traders initiated a strike protesting a Securities and Exchange Board of India decision requiring brokers, sub-brokers and investment consultants and bankers to register and pay a corresponding registration fee of $387,000. Another issue affecting the securities market is the scandal involving funding sources of Bombay broker Harshad Mehta. However, long-range forecasts show imminent stockmarket recovery with the entrance of foreign market players.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
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Bonanza for Bombay?
Article Abstract:
The Indian stockmarket could develop into one of the top Asian markets as the country moves away from state planning and eases up on private investment controls. However, the Securities and Exchange Board of India (SEBI) has to contend with scandals and the exposed weaknesses of the market system as it plans to implement several regulations in late 1992. The SEBI also plans to have the five largest exchanges link up into one national on-line trading system.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
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A load of bull
Article Abstract:
India's stockmarket continues to surge despite repeated warnings by authorities that it may be headed for a crash. Massive speculation caused the Bombay Stock Exchange's Sensitive Index to reach past the 4,000 mark in Mar 1992, double than that at the start of the year. In response, finance officials have urged India's stock exchanges to improve protective mechanisms for investors and to curb speculative practices.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
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