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Money > Reuters > Report July 5, 2001 |
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'BSE-200 changes not to hit rolling list'The Bombay Stock Exchange said on Thursday that the proposed changes to the list of shares comprising its BSE-200 index will not alter the status of securities currently under rolling settlement. "Sebi has informed that scrips proposed to be included or excluded in/from BSE-200 with effect from July 9 would not change the list of the scrips in which the transactions are currently settled on compulsory rolling settlement basis," the bourse said in a message broadcast on its dealing terminals. The Securities and Exchange Board of India said in May that it will move all stocks which are on the BSE-200 to rolling settlement mode from July 2. BSE had on May 26 announced that it will effect changes in the index from July 9, replacing eight stocks in the BSE-200. This led to speculation that the new inclusions will be automatically shifted to the shorter rolling settlement cycle. Media firms Balaji Telefilms and Mukta Arts, which are to be included in the BSE-200, fell by 5 per cent and 7.4 per cent on Wednesday on that concern. On Thursday afternoon, Balaji Telefilms was flat at Rs 209.50, while Mukta Arts was down 1.8 per cent at Rs 147.70 on the Bombay Stock Exchange. The benchmark exchange index was up 0.37 per cent at that time.
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