CSE awaits SEBI decision

By A Special Correspondent

KOLKATA, MAY 6. Shares prices on the Calcutta Stock Exchange moved sideways during the last week partly because of low level of institutional and speculative interests. Although the end of the previous week was on an overwhelmingly bearish note with prices suffering a major slide, the position showed an improvement on the first day of the current week when buyers returned to the ring with some amount of bear covering also in evidence helping a bounce back in values.

Thereafter, with fresh interests rather restricted because of prevailing uncertainties in relation to continuation of the badla deals in rolling settlement, price movements remained narrow and the business volume shrunk appreciably, though the finish showed gains in some of the key counters.

The sentiment of the market received some boost in the wake of impressive working results released by some of the corporate bodies.

The attention of investors is currently focussed on the May 14 meeting of SEBI on the carryforward mechanism and till then the trading pattern in the market is unlikely to undergo any major change.

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Section  : Business
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