DALAL STREET SPIKES
|Stocks such as Hindustan Construction, HFCL, i-Gates and Mukta Arts were in the limelight on the BSE owing to the National Stock Exchange's (NSE) plan to shift 34 scrips from the trade-to-trade segment to rolling settlement.|
|Hindustan Construction was up 7.19 per cent at Rs 15.60, HFCL up 15.11 per cent at Rs 15.01, i-Gates up 20.97 per cent at Rs 271.45 and Mukta Arts up 13.27 per cent at Rs 6.35 were among the biggest gainers.|
|NSE, to ensure market safety and safeguard the interest of investors and as a part of a surveillance review and pursuant to the meeting with the Security Exchange Board of India (Sebi), decided to move 34 stocks from the trade-to-trade mode to the rolling settlement. It will also shift 18 securities from the rolling segment to the trade-to-trade sector.|
|The scrips which will be transferred to the trade-to trade segment posted losses. Among the biggest losers were GTL, SSI, and Aftek "" all ending negative in the 10-14 per cent range. The changes will come into effect on March 9, 2004.|
Shares in Cairn India fall 1.7 percent in after its Jan-march earnings lag estimates, dealers say.